Luxury Retailer Saks Global Files for Bankruptcy
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Corporate profit margins are holding firm, and gains in household wealth are sustaining consumer spending despite labor market weakness.
Global economic growth will slow down a little in 2026 as President Donald Trump’s tariffs have a more pronounced impact and geopolitical uncertainties spread, according to an annual United Nations assessment.
The global economy showed notable resilience in 2025, performing better than anticipated despite repeated shocks and heightened uncertainty. Trade flows continued to expand, and overall activity held up more strongly than many expected.
China presents new challenges—particularly from confident local competitors—but the country still presents offers for disciplined executives.
The term “Global South” caught the world’s attention in 2023. In China, officials have traditionally avoided using the term, but Foreign Minister Wang Yi and subsequently President Xi Jinping himself eventually began to deploy it in response to ...
The need for students to be able to empathize with others, value diverse perspectives and cultures, understand how events around the world are interconnected, and solve problems that transcend borders has never been greater. Just consider the recent ...
Doug Wintemute is a staff writer for Forbes Advisor. After completing his master’s in English at York University, he began his writing career in the higher education space. Over the past decade, Doug has researched and written extensively about acade..
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Saks Global's race into bankruptcy reaches final stages as former Neiman's CEO seen playing key role
The company is said to be close to lining up financing and new leadership, led by Geoffroy van Raemdonck, confirming a WWD report on Saturday.