For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities would create a luxury powerhouse strong enough to defy changes dragging down the industry. Instead, Richard Baker’s $2.7 billion acquisition of Neiman Marcus in 2024 ultimately plunged…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold prices recorded a sharp decline in both global and local markets on Thursday, pulling back after recent gains, while silver prices also edged lower. In the international bullion market, the price of gold fell by $37 per ounce to $4,601, ending…
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround…
KARACHI: Pakistan’s broad money (M2) supply rose to Rs41.63 trillion, registering a week-on-week increase of Rs346 billion. On a fiscal year-to-date basis, M2 has expanded by Rs838 billion, while the calendar year-to-date growth stands at Rs346 billion. On an annual basis, the broad money recorded a substantial rise of Rs6.01 trillion, supported by higher deposit…
Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for Chapter 11 bankruptcy protection on Wednesday after an unsustainable debt pile crushed its business. The company also announced former Neiman Marcus CEO Geoffroy van Raemdonck will immediately take over as chief executive,…
Netflix is likely to amend its offer for Warner Bros. Discovery’s assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday. In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at…
Starting a budget can feel overwhelming, especially if you’re new to managing your finances. The good news is, with a few simple hacks, anyone can take control of their money and build healthy financial habits. Budgeting doesn’t have to be restrictive—it’s about making smarter choices, reducing stress, and planning for the future. Track Every Expense:…
A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic…
Trading at the Pakistan Stock Exchange (PSX) slumped sharply on Wednesday as caution gripped investors amid escalating geopolitical tensions, particularly between the United States and Iran, and fears of a potential US strike on Tehran that have rattled markets and lifted oil prices. The benchmark KSE-100 index fell 1,381.69 points, or 0.75% to close at…
War-time credibility fuels defence export push as analysts see shift from marginal arms exporter to emerging supplier Uqab , a Pakistani drone in IDEAS exhibition. PHOTO: EXPRESS TRIBUNE KARACHI: Standing on recently gained credibility following its conflict with India, Pakistan is positioning itself among emerging global defence exporters, as the country lines up potential defence…