Bloomberg Business

Wilko’s Fall Leaves a Gaping Hole in British Town Centers

The last thing Britain’s economy needed was a collapsing retailer with 400 stores across the country. That’s what happened this week when Wilko Ltd. plunged toward insolvency, threatening to leave an 11 million square-foot barren hole in UK town centers and shopping districts — equivalent to four Empire State Buildings.

Mediterranean Diets Won’t Shield You From Food Inflation

Overall inflation rates may be slowing across Europe, but the price of ingredients to make traditional dishes in France and Spain highlights how the worst cost-of-living crisis in a generation is still raging.

Life-Threatening Heat is Forcing Germany to Ramp Up Defenses

In Germany, mild summers are becoming a thing of the past. In areas where green pastures used to flourish, fields now lie yellow. Species of tropical mosquitoes normally found in Asia have been spotted in Bavaria. Summer temperatures frequently exceed 30 degrees Celsius (86 degrees Fahrenheit).

Sony, Other Music Labels Sue Over Sinatra 78s Stored Online

Sony Music Entertainment and five other major music companies sued the non-profit Internet Archive, saying that its posting of thousands of old songs and recordings online amounts to  “wholesale theft” of copyright-protected music.

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