Saks OFF 5TH store closures amid Saks Global bankruptcy with focus on remaining full-price luxury stores
BusinessUnited States

Majority of Saks OFF 5TH stores to close amid bankruptcy

Saks Global to shutter most OFF 5TH locations Saks Global has announced it will close all but 12 of its Saks OFF 5TH stores nationwide as part of its bankruptcy…

Gold hits record highs amid political tensions The gold price soared to $5,500 per ounce on Monday for the very first time, before briefly falling back. Silver prices also rose, with an ounce trading for around $98. This is up from $38 a year earlier. As global uncertainties continue, investors are turning to precious metals for a haven. Investors are wary of Trump's policies US President Donald Trump’s trade policies are causing market uncertainty. The uncertainty caused by his tariffs against multiple countries, and the threats he made over Greenland has pushed investors towards gold. Gold is seen as safer than the risks associated with US fiscal and foreign policy, say analysts. Emma Wall, Chief Investment Strategist at Hargreaves Lansdown says that gold jumps whenever the world is chaotic. Precious metals have become more appealing due to the ongoing tensions in Europe, China and the Middle East as well as US political instability. Demand for Geopolitical Conflicts Increases Gold prices have risen due to the wars in Ukraine, Gaza and Venezuela. The geopolitical developments eroded investor confidence in the US Dollar, leading them to look for security in metals. Bloomberg's chart shows that gold and silver are up by 80%, respectively 214% since a year earlier. The US dollar index is down 10%. Central Banks and New Buyers Help the Rally Gold is being bought by central banks to decrease their dependence on the US Dollar. Gold is a safe haven for nations who are worried about their US dollars being frozen. China is the top buyer, both by investors and individual buyers. Tether and other digital currency companies have purchased large amounts of reserves to add to the trend. What is the Reason for Gold Price Drop? Gold prices fell below $5,000 despite record highs after President Trump announced that Kevin Warsh would be nominated as Fed Chairman. Warsh's nomination is seen as a safe choice that will ease concerns over interest rate reductions and the dollar. Gold remains attractive to analysts due to geopolitical risk, tariffs and scarcity. Nicholas Frappell, of ABC Refinery, emphasizes the fact that gold's value is independent of debts and company performance. What to Take Away Gold's volatility in recent years shows its sensitivity to economic and political developments. Gold is still a safe investment, even though prices fluctuate.
News

Gold Prices Soar Amid Global Uncertainty, Then Fall Slightly

The gold price soared to $5,500 per ounce on Monday for the very first time, before briefly falling back. Silver prices also rose, with an ounce trading for around $98. This…

Title: India’s Rapid Growth Faces Hidden Economic Challenges
News

India’s Rapid Growth Faces Hidden Economic Challenges

India's economy is strong as Finance Minister Nirmala Sitharaman gets ready to deliver the budget on Sunday. India is predicted to finish the year with 7.3% GDP growth and surpassing $4…

Investors pour into U.S. equity funds ahead of mega-cap earnings while bond funds maintain inflows
BusinessUnited States

U.S. equity funds see strong inflows ahead of mega-cap earnings

Investors return to equity funds amid earnings optimism U.S. equity fund inflows surged in the week ending January 28, as investors positioned for upcoming mega-cap earnings despite concerns over President…

Indonesian Couple Punished 140 Times for Sex and Alcohol Violations
Crime and JusticeNews

Indonesian Couple Caned 140 Times for Sex and Alcohol Violations in Aceh

Indonesian couple receives 140 canes for Sharia Violations The young couple was found guilty for having sexual relations outside of marriage, and drinking alcohol. These offenses violated the strict Sharia…

Trump nominates Kevin Warsh to lead the Federal Reserve after Powell as markets react to interest rate expectations
BusinessUnited States

Trump taps ex Fed insider Warsh to lead world’s top central bank

Trump names Kevin Warsh as next Fed chair President Donald Trump has nominated Kevin Warsh Fed chair to lead the U.S. central bank after Jerome Powell’s term ends in May.…

China Lifts Sanctions on UK MPs After Starmer Xi Talks
BusinessUnited States

China Lifts Sanctions on UK MPs After Starmer Xi Talks

China has lifted sanctions on six current members of the UK Parliament following high level talks between Prime Minister Sir Keir Starmer and Chinese President Xi Jinping. The move comes…

At least 170 civilians lost their lives in military air strikes during Myanmar’s recent election period, according to the United Nations. The UN said these attacks happened while the country carried out a tightly controlled vote that many nations and rights groups have already rejected. The UN human rights office confirmed that credible sources recorded these deaths between December 2025 and late January. During the same period, the military launched at least 408 aerial attacks across the country. Election Held Amid Ongoing Civil War Myanmar remains trapped in a civil war that began after the military seized power in 2021. The coup removed the democratically elected leader Aung San Suu Kyi, who remains imprisoned. Large areas of the country could not take part in the election because of ongoing fighting and insecurity. The military organized the vote in three phases, with the final round held last week. State media announced that the military backed Union and Solidarity Party won an overwhelming victory. Many observers expected this outcome due to strict controls on the voting process. Opposition Parties Barred From Voting Authorities blocked the National League for Democracy from contesting the election. The party had won landslide victories in both elections before the coup. Several opposition candidates and ethnic groups also faced exclusion. Human rights organizations believe the military plans to use proxy political parties to maintain its grip on power. UN Calls Election Staged and Fear Driven UN human rights chief Volker Turk strongly criticized the vote. He described the election as staged by the military and said it failed to meet basic democratic standards. Turk explained that fear shaped many voting decisions. People either voted or stayed home because they feared the consequences. He said this reality directly violated internationally protected civil and political rights. Air Strike Death Toll Likely Higher James Rodehaver, who leads the UN Human Rights Myanmar team, said the civilian death toll may rise. He explained that communication blackouts and fear prevent many people from reporting attacks. The UN gathered the data from open sources during the campaign period through the final voting day. Rodehaver warned that the current figures likely remain incomplete. Despite the election, violence continues across much of Myanmar. Air strikes and armed clashes show no signs of slowing, leaving civilians at constant risk.
PoliticsUnited States

Myanmar Air Strikes Kill 170 Civilians During Military Backed Election, UN Reports

At least 170 civilians lost their lives in military air strikes during Myanmar’s recent election period, according to the United Nations. The UN said these attacks happened while the country…

Syrian Government Reaches Integration Deal With Kurdish Led Forces
Marketing

Syrian Government Reaches Integration Deal With Kurdish Led Forces

Agreement Aims to Reunify Syria After Years of Division The Syrian government has reached a major agreement with the Kurdish led Syrian Democratic Forces, also known as the SDF. The…

Chinese regulator fines Kuaishou e commerce unit Kuaigou over counterfeit goods and misleading marketing violations
BusinessUnited States

Kuaishou’s e commerce unit fined $3.8 million by Chinese regulator

Chinese regulator penalizes Kuaigou for multiple violations China’s market watchdog has fined Kuaigou, the e commerce unit of live streaming company Kuaishou Technology, 26.7 million yuan (about $3.8 million). Regulators…

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