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China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. -...

Children of those who missed out on school to be affected by ‘scars of pandemic’

Lockdown disruption to education will scar multiple generations, a World bank official has warned, with the children of people at school during the pandemic likely to have worse prospects than those born later.

The Covid-19 pandemic caused a disruption in human capital at critical moments in the life cycle, derailing the development of millions of children and young people in low- and middle-income countries, according to the first analysis of global data on young people who were under the age of 25 at the onset of the pandemic. “Targeted policies to reverse the losses in foundational learning, health and skills are critical to avoid jeopardising the development of multiple generations,” says World Bank Group president David Malpass.

Pandemic Damaged Cognitive Development and Lifetime Earnings of Children and Youth, Jeopardizing the Well-being of Generations and Growth of Economies The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income…