NEW YORK — The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring. Saks Global Inc. said Friday it will close 12 more Saks Fifth Avenue stores and three more Neiman Marcus stores. … Read more
NEWYou can now listen to Fox News articles! Europe is ramping up its nuclear defenses, as France expands its arsenal and Poland signals interest in closer nuclear coordination with allies. “I have decided to increase the numbers of warheads of our arsenal,” French President Emmanuel Macron said Monday. He also said France will no longer … Read more
How Iran’s threats against ships in Strait of Hormuz endanger global commerce, energy supplies – CBS News Watch CBS News Iran’s threats to set ships ablaze have caused traffic through the Strait of Hormuz slow to a crawl after two of the world’s largest shipping companies said they’re suspending travel through the waterway. Here’s why … Read more
Undocumented immigrant farm workers in the United States are feeling the impact of this pandemic and they do not qualify for much help from our government. The group Doctors Without Borders recently joined efforts in Immokalee, Florida, to help provide crucial medical help. An outbreak among these workers would affect the economics of not just … Read more
Industries like automotive manufacturing and consumer electronics could see slowdowns or production halts, according to Abuwasel, who also expects delays for pharmaceuticals, medical supplies and temperature-controlled goods the longer this conflict drags on. Historically, geopolitical shocks tend to fade quickly when it comes to economic impact. Last summer’s flare-up between the U.S. and Iran, for … Read more
NEWYou can now listen to Fox News articles! Americans could soon see higher gas prices as escalating tensions in the Middle East threaten a critical global oil chokepoint, raising fears of supply disruptions that could quickly reverberate across U.S. energy markets. After joint U.S.–Israeli strikes, dubbed Operation Epic Fury, targeted Iranian sites over the weekend … Read more
Oil prices rise in early market trading after attacks in Middle East disrupt global energy supply Source link
Oil prices rose sharply when market trading began Sunday, as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain. Traders were betting the supply of oil from Iran and elsewhere in the Middle East would slow or grind … Read more
NEWYou can now listen to Fox News articles! Former President Joe Biden on Friday accused President Donald Trump of attempting to “erase the truth” and squandering the United States’ role as the leader of the world. “It’s not just my record Trump’s trying to erase,” Biden told South Carolina Democrats, while talking about the president’s … Read more
A court imposes an eight-month sentence on a dissident’s father. Source link