The U.S. Treasury Department has confirmed that production of the one-cent coin, commonly known as the penny, will cease next year due to rising minting costs exceeding the coin’s value. Over the past decade, the cost per penny has increased from 1.3 cents to 3.69 cents, leading to calls for its discontinuation from figures like Donald Trump and Elon Musk’s unofficial Department of Government Efficiency. The move follows similar actions in other countries, reflecting a trend towards cashless transactions, and is expected to save the U.S. Mint $56 million annually in material costs.
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Full list of 25 Poundland stores set to close this August
Poundland is set to close 25 stores in August following its acquisition by investment firm Gordon Brothers for £1, part of a restructuring plan aimed at reducing its network from around 800 to 650 locations. The first wave of closures will occur on August 10 and 15, with an additional 43 stores scheduled for closure by mid-October as part of a broader strategy to secure the chain's future. Want More Context? 🔎
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