Malls are being hollowed out. Shops are closing by the thousands. Retailers are going bankrupt. But it may be too early to declare the death of retail. Americans have started shopping more — in stores. From the garden section at Walmart to the diamond counters at Tiffany & Company, old-school retailers are experiencing some of…
WHEN historians gaze back at the early 21st century, they will identify two seismic shocks. The first was the terrorist attacks of September 11th 2001, the second the global financial crisis, which boiled over ten years ago this month with the collapse of Lehman Brothers. September 11th led to wars, Lehman’s bankruptcy to an economic…
PALU, Indonesia (Reuters) - International efforts to help survivors of Indonesia’s devastating earthquake and tsunami gathered pace on Thursday as concern grew for hundreds of thousands with little food and water, six days after disaster struck. A ship is seen stranded on the shore after an earthquake and tsunami hit the area in Wani, Donggala,…
SINGAPORE (Reuters) - U.S. President Donald Trump didn’t make it to this week’s summit of Asian nations in Singapore, but his influence was still keenly felt among the leaders who gathered in the city. U.S. President Donald Trump points to the crowd after delivering remarks at an event for "supporting veterans and military families" at…
THE one thing that people of all political persuasions agree on about Jeremy Corbyn is that he is an anti-establishment radical. Tories mock him as a professional protester who wants to take Britain back to the era of three-day weeks and wildcat strikes. Corbynites praise him for sticking to his pure Labour principles, whatever the…
WASHINGTON (Reuters) - U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple (AAPL.O) and Fitbit (FIT.N) and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing the…
WASHINGTON — As evidence piles up pointing to the Saudi crown prince’s responsibility in the brutal killing of the dissident journalist Jamal Khashoggi, President Trump has only hardened his refusal to concede any possibility that the prince had a hand in the crime. Mr. Trump, who had once condemned the Saudi leaders for perpetrating “the…
PRESIDENT DONALD TRUMP is fighting trade battles on multiple fronts. But on September 30th he called a truce in one of them. Having threatened to rip up the North American Free Trade Agreement (NAFTA), a trade deal between America, Canada and Mexico, he has agreed instead to replace it. With the Canadians now on board,…
Enlarge / Detail of the plug of an electric car being charged Getty ImagesOn Friday, California's Air Resources Board (CARB) announced that it would tighten restrictions on transportation fuels in the state in the hopes of spurring adoption of electric, hydrogen, and biofuel-based cars, trucks, buses, and even planes. Since 2011, CARB has had a…
When Americans feel like they’ve got more money, they like to treat themselves. That means there could be plenty of steaks on the grill this year for Labor Day. A buzzing economy and low U.S. unemployment is a boon for beef, typically considered a premium meat. Gains for the cattle herd means retail prices have…
