Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, …
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Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a fraudulent “cherry-picking” scheme where he improperly favored some clients’ accounts over others when …
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Business
Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan
by adminKohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis …
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Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about …
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World
British man captured by Russian forces while fighting for Ukraine in Kursk region, state media says
by adminA British man has been taken prisoner while fighting for Ukraine in Russia’s Kursk region, Russian state media has reported. Russian state media outlet TASS said the man was 22-year-old James Scott Rhys Andersen, a …
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At least 17 people are missing after a tourist yacht sank in the Red Sea following warnings about rough seas, Egyptian officials said Monday. The governor of the Red Sea region, Amr Hanafy, said rescuers …
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World
Romania in shock after far-right populist enters presidential election’s runoff with most votes
by adminRomania’s political landscape is reeling after a little-known, far-right populist secured the first round in the presidential election, electoral data showed Monday, going from an obscure candidate to beating the incumbent prime minister. Calin Georgescu, …
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Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said. Israel still has reservations over …
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World
‘They came and demolished everything’: Palestinians fear more evictions in the West Bank under Trump
by adminWhere the high hills of the occupied West Bank tumble into the Jordan valley, half a dozen heavy Israeli diggers pound the ancient rocks around the Palestinian village of Bardala. Low-scudding, rain-laden clouds threaten to …
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World
Pakistani police fire tear gas as thousands supporting Imran Khan arrive near capital
by adminPakistani police Monday fired tear gas canisters at supporters of imprisoned former Prime Minister Imran Khan to stop them from entering the capital, where they hoped to stage a sit-in to demand his release, officials …