Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue. For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to…
Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico. A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports.…
All Quiksilver, Billabong and Volcom stores in the United States will close after their operator filed for bankruptcy protection. Altogether over 100 stores for the brands, that sell apparel for skaters, surfers and snowboarders, will close their doors. Liberated Brands filed a voluntary petition for Chapter 11 bankruptcy protection Sunday…
Philippine Vice President Sara Duterte was impeached Wednesday on a range of accusations that include plotting to assassinate the president, large-scale corruption and failing to strongly denounce China’s aggressive actions against Filipino forces in the disputed South China Sea. The move by legislators in the House of Representatives, many of…
Thousands of protesters in Bangladesh took out their anger at exiled former Prime Minister Sheikh Hasina on Wednesday by destroying a family home that came to symbolize the country’s independence — and now, they say, the authoritarianism they believe she led. The attack was sparked by a speech Hasina planned…
Panama denied a claim made by the State Department on Wednesday that the Central American nation had agreed to no longer charge fees for US government ships to transit the country’s famous canal. “In response to a publication released by the United States Department of State, the Panama Canal Authority,…
Nearly 3,000 people have been killed in the city of Goma in the eastern Democratic Republic of Congo, according to the United Nations, after it was captured by rebels following days of fierce fighting with the Congolese army. Vivian van de Perre, deputy head of the UN mission in DR…
Australia has introduced strict laws to combat hate crimes, introducing mandatory minimum sentences for a range of terrorism offenses and displaying hate symbols, following a spate of antisemitic attacks in Sydney and Melbourne. The new laws passed Thursday toughen punishment for hate crimes, including minimum six-year prison sentences for terrorism…
Israeli Prime Minister Benjamin Netanyahu has backed President Donald Trump’s proposal for the United States to “take over” Gaza, as his defense minister instructed the Israeli military to draw up a plan that would enable the “voluntary departure” of Palestinian residents in Gaza. “This is the first good idea that…
The northern English town of Oldham is used to outsiders exploiting it to “drive an agenda,” local councilor Abdul Wahid said. But people here never expected to be the focus of Elon Musk, who spent much of early January posting about a historic child abuse scandal that plagued this community…