Shyness did not keep dressbarn co-founder from big retail leaps
NEW YORK (Reuters) – When Roslyn Jaffe and her husband decided to start the first dressbarn store in the early 1960s, it was a retail experiment. Discounting was new to the industry, but the Jaffes decided to try it out with one store in Stamford, Connecticut. Elliot kept his day job at Macy’s while Roslyn […]
Analysis: Gaza truce shifts focus to Egypt’s regional role
Egypt’s work to broker and secure a truce in the Gaza Strip this month has thrust it into the diplomatic spotlight, prompting top-level reengagement from Washington and overshadowing moves by several Arab states to normalise ties with Israel.
U.S. removes Xiaomi from blacklist, reversing late China jab by Trump
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from a government blacklist, a court filing showed, marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. The filing stated that the two parties would agree to resolve their ongoing litigation without further contest, bringing […]
U.S. expresses ‘serious concerns’ about violent clashes in Jerusalem
U.S. National Security Adviser Jake Sullivan on Sunday expressed “serious concerns” to his Israeli counterpart about violent clashes in Jerusalem sparked by planned evictions of Palestinians from East Jerusalem, the White House said in a statement. Sullivan in a phone call with Israeli National Security Adviser Meir Ben-Shabbat “encouraged the Israeli government to pursue appropriate […]
Automated steering ‘not available’ on Texas road where Tesla crashed -NTSB
U.S. safety officials investigating the cause of a Tesla Model S crash that killed two men in Texas last month said on Monday that testing suggested the vehicle’s automated steering system was “not available” on the road where the accident occurred.
U.S. Southeast braces for fuel price rises after pipeline shutdown
The southeastern United States will be the first to see price rises at the pumps due to the supply disruption caused by the shutdown of the country’s top fuel pipeline network – and demand has already picked up as drivers fill their tanks, industry experts said on Sunday.
Chinese rocket debris set for re-entry by early Sunday – U.S. R&D centre
Remnants of China’s largest rocket launched last week are expected to plunge back through the atmosphere late Saturday or early Sunday, a U.S. federally funded space-focused research and development centre said. China’s foreign ministry said on Friday that most debris from the rocket will be burned up on re-entry and is highly unlikely to cause […]
How confusion around Biden policies birthed a new refugee camp on the U.S. border
A red pickup truck pulls up next to a migrant tent encampment in the Mexican city of Tijuana, its bed filled with loaves of bread and clothes. Men, women and children run to meet it. “A line! Form a line!” someone yells. A woman in a long skirt climbs into the truckbed and begins to […]
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery
While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
How the U.S. locked up vaccine materials other nations urgently need
To fight the pandemic at home, the United States gave its own vaccine manufacturers priority access to American-made materials needed to make the shots. As a result, the U.S. government laid claim not only to vast quantities of finished COVID-19 vaccines but also to vaccine components and equipment all along the supply chain, according to […]
