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Economy

Gymboree says the restructuring will reduce its debt by more than $ 900 million and position the company for "long-term success". Gymboree employs more than 11,000 people, including 10,500 hourly workers. If Gymboree closes 375 stores, it would bring the number of retail closures this year to more than 5,460. The company opened its first store in 1986 and now has stores across the US and overseas.
  • Trump punishes Times reporter for debunked Russian Federation story

    Economy

    That's no small thing, given how all has gone lately at the White House. But he made clear his stance that Comey said nothing to the Intelligence Committee that proved Trump or his campaign associates were in cahoots with Moscow during the election or before he was sworn in, nor that Trump obstructed justice in his private talks with Comey.
  • Prez polls: Shah forms committee to build consensus

    Prez polls: Shah forms committee to build consensus

    Economy

    It is also charged with thrashing out issues regarding the July 17 Presidential election with opposition political parties. The filing of nominationw for the election begins on June 14 and continues till June 28. Opposition parties have made a decision to field a common candidate and are waiting for the ruling party to announce its candidate. A 10-member sub-group was from the members of the Opposition parties.
  • Trump Offers to Help Resolve Qatar Gulf Crisis

    Economy

    In an interview with AFP , Sheikh Mohammed bin Abdulrahman Al-Thani said calls for a change in Qatari policy from Saudi Arabia and its allies, which cut diplomatic ties with Doha this week, were unacceptable. Turkey's parliament, on the other hand, has approved sending troops to an existing Turkish base in Qatar as a sign of support. "Tensions are still high and mediation efforts by fellow Gulf Cooperation Council state Kuwait have yet to lead to a concrete solution, so investors will ...
  • RBI readies list of bad loans under bankruptcy rule

    RBI readies list of bad loans under bankruptcy rule

    Economy

    Today, Jaitley held a meeting with the heads of PSU banks to discuss the bad loans issue and the steps being taken by them to expedite recovery of bad loans that have hit unacceptably high levels. Public banks are sitting on a mountain of bad loans to the tune of over Rs 6 lakh crore at the end of 2016-17. "Obviously, this was subject to various provisioning requirements and after the entire provisioning was done, there has been a net profit of Rs 574 crore", Jaitley said.
  • London attack: Australia confirms death of two citizens

    Economy

    The construction worker, who is described by the publication as "slight of build", says he managed to distract one of three attackers as he lifted a nearby bike in a vain attempt to fight off the armed men. On Tuesday the Metropolitan Police issued an appeal for help to find the 45-year-old French tourist, who they fear may have been knocked into the River Thames.
  • US Special Forces Join Fight Against ISIS in Southern Philippines

    Economy

    Philippine military spokesman Lieutenant Colonel Jo-ar Herrera confirmed the USA help, adding that the special forces were not fighting, but "providing technical support". The cooperation between the longtime allies is significant because Philippine president Rodrigo Duterte , who came to power a year ago, has taken a hostile stance towards Washington and has vowed to eject USA military trainers and advisers from his country.
  • Veggies, pulses drag inflation to record low of 2.18% in May

    Economy

    Ministry of Statistics & Programme Implementation (MoSPI) will be announcing retail inflation or Consumer Price Index (CPI), and factory output or Index of Industrial Production (IIP) data on Monday. "This clearly shows that the (inflation) risk is on the downside", said Gaurav Dua, research head at brokerage Sharekhan Ltd in Mumbai . The RBI last week kept its benchmark interest rate unchanged while softening its hawkish stance on inflation.
  • Partial list of winners of the 2017 Tony Awards

    Economy

    The actor displayed his comedic impressions of late U.S. talk show presenter Johnny Carson and former U.S. President Bill Clinton during his hosting gig, which he ended with a duet with two-time Tony Award victor Patti LuPone. Cynthia Nixon won her second Tony, this time for her work in Lillian Hellman's " The Little Foxes ". 'Oslo , ' a crackling drama about the little-known backstory behind the 1993 Middle East peace talks, won the hard-fought competition for the best new play, ...
  • Apple WWDC 2017 Highlights: Whats new?

    Economy

    MacBook Pro 2017 has been making the rounds online for what it can offer its customers. Using an iPhone or iPad's many sensors, the device can identify surfaces (like a tabletop) and display interactive items within the environment on-screen, in real time.
  • Today is World Day Against Child Labour

    Today is World Day Against Child Labour

    Economy

    Recent figures released by the ILO showed that numerous world's 168 million children who suffer from one form of hazardous labour or the other live in conflict and disaster prone areas. World Day against Child Labour, on June 12, is an ILO sanctioned holiday first launched in 2002 with the objective to raise awareness and activism to prevent child labor under the above convention.