Saks Global files for bankruptcy amid luxury market strains

Saks Global, parent company of Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection following struggles with debt from its 2024 acquisition of Neiman Marcus. CEO Richard Baker stepped down as part of the filing, and former Neiman Marcus chief Geoffroy van Raemdonck will lead the company through the bankruptcy process. Changing consumer habits, a shift toward direct-to-consumer luxury purchases, and economic uncertainty contributed to … Continue reading Saks Global files for bankruptcy amid luxury market strains

At least 19 killed after crane falls on train in Thailand

A train derailed in northeastern Thailand after a construction crane fell onto three of its carriages, killing at least 19 people and injuring around 80. The accident occurred in Sikhio district, Nakhon Ratchasima province, on a train traveling from Bangkok to Ubon Ratchathani. Authorities said more bodies may still be trapped in the wreckage, as shifting debris has made recovery dangerous. The crane was part … Continue reading At least 19 killed after crane falls on train in Thailand

Trump set to lead largest-ever US delegation to World Economic Forum in Davos next week

U.S. President Donald Trump will attend next week’s World Economic Forum in Davos, Switzerland, leading the largest-ever American delegation. He will be joined by five Cabinet secretaries and other top officials as the forum brings together around 3,000 participants from 130 countries. The meeting will feature about 850 CEOs, 64 heads of state or government, and leaders including six G7 members, Ukraine’s Volodymyr Zelenskyy, and … Continue reading Trump set to lead largest-ever US delegation to World Economic Forum in Davos next week

Marine Le Pen’s appeal trial opens in Paris

Marine Le Pen appeared in court Tuesday to appeal her 2027 embezzlement conviction, denying any wrongdoing. She seeks to overturn a March ruling that found her guilty of misusing European Parliament funds to hire aides from 2004 to 2016, which resulted in a five-year ban from office, house arrest, a suspended sentence, and a €100,000 fine. Le Pen argued that neither she nor her party … Continue reading Marine Le Pen’s appeal trial opens in Paris

South Korea’s special prosecutor seeks death penalty for ex-President Yoon

South Korea’s special prosecutor has requested the death penalty for former President Yoon Suk Yeol over his brief martial law declaration in 2024, charging him with leading an insurrection. Yoon claims the action was within his constitutional authority to protect freedom and sovereignty, while prosecutors allege it was a power grab targeting the judiciary and legislature. The martial law order, issued on Dec. 3, 2024, … Continue reading South Korea’s special prosecutor seeks death penalty for ex-President Yoon

Bill Clinton defies congressional subpoena, Comer says contempt charges moving ahead

Former President Bill Clinton did not appear for a scheduled deposition before the House Oversight Committee in its bipartisan investigation of Jeffrey Epstein, defying a congressional subpoena. Committee Chairman James Comer announced plans to move forward with contempt of Congress proceedings against Clinton, noting that no Democrats attended Tuesday’s deposition. Clinton’s attorneys argued the subpoenas were legally invalid, claiming they violated separation-of-powers principles and were … Continue reading Bill Clinton defies congressional subpoena, Comer says contempt charges moving ahead

Trump cancels meetings with Iranian officials and tells protesters ‘help is on its way’

President Donald Trump announced he is cutting off talks with Iranian officials amid a violent crackdown on nationwide protests, telling Iranians “help is on its way.” The move comes after Trump had indicated Iran was seeking negotiations following his threat of military action, with more than 1,850 protesters reportedly killed and over 16,700 detained. Trump urged citizens to continue protesting and record the names of … Continue reading Trump cancels meetings with Iranian officials and tells protesters ‘help is on its way’

Former Navy sailor sentenced to 16 years for selling information about ships to Chinese intelligence

Former US Navy sailor Jinchao Wei was sentenced to over 16 years in prison for selling sensitive Navy manuals and ship operating information to a Chinese intelligence officer. Wei, 25, was convicted of six crimes, including espionage, and received more than $12,000 for the materials he provided, which included 60 technical manuals detailing weapons, aircraft, and deck systems on the USS Essex. Recruited via social … Continue reading Former Navy sailor sentenced to 16 years for selling information about ships to Chinese intelligence

Teen shot and killed in Chipotle bathroom near Temple University

A 16-year-old boy, Khyon Smith-Tate, was shot and killed Monday evening inside a Chipotle near Temple University in North Philadelphia. Police say Khyon was in the restaurant with others when he went into the bathroom, where he was found with a gunshot wound to the chest and pronounced dead at the scene. Authorities have identified three teenage boys as possible suspects and have taken a … Continue reading Teen shot and killed in Chipotle bathroom near Temple University

Minnesota protesters, agents repeatedly square off while prosecutors quit after Renee Good’s death

Federal officers in Minneapolis used tear gas and eye irritants Tuesday during ongoing confrontations with activists, following the fatal shooting of Renee Good by an immigration agent. The incident, which occurred six days earlier, has sparked protests across the city, including school walkouts in suburban areas to oppose the Trump administration’s immigration sweeps. At least five prosecutors resigned from the local U.S. Attorney’s Office amid … Continue reading Minnesota protesters, agents repeatedly square off while prosecutors quit after Renee Good’s death

Timothy Busfield, founder of Sacramento’s B Street Theatre, accused of child sex abuse

Emmy-winning actor and B Street Theatre founder Timothy Busfield turned himself in to authorities in New Mexico after an arrest warrant was issued over allegations of child sex abuse. He is currently in custody in Albuquerque, facing two counts of criminal sexual contact of a minor under 13 and one count of child abuse. The Bernalillo County District Attorney’s office plans to seek to keep … Continue reading Timothy Busfield, founder of Sacramento’s B Street Theatre, accused of child sex abuse

Actor Kiefer Sutherland arrested in Hollywood ride-share driver altercation

Emmy-winning actor Kiefer Sutherland, 59, was arrested early Monday in Hollywood following an altercation with a ride-share driver. The LAPD said he allegedly assaulted the driver and was taken into custody on suspicion of felony criminal threats. No injuries were reported, and Sutherland was released on $50,000 bond, with an initial court date set for February 2. The “24” star, known for his Emmy and … Continue reading Actor Kiefer Sutherland arrested in Hollywood ride-share driver altercation

Former Corsican separatist leader Orsoni assassinated at mother’s funeral

Former Corsican separatist leader Alain Orsoni, 71, was shot dead during his mother’s funeral in Vero, near Ajaccio, on Monday. Prosecutors said he was killed by a long-range shot, and an investigation into murder by an organised gang has been opened. Orsoni led the Corsican Movement for Self-Determination, considered by French authorities as the political wing of the armed Corsican National Liberation Front-Traditional Wing. He … Continue reading Former Corsican separatist leader Orsoni assassinated at mother’s funeral

France pushes to block Ukraine from buying US weapons

France is pushing to restrict Ukraine from using a €90bn EU loan to buy American weapons, insisting the funds support European defence industries instead. President Emmanuel Macron argues this would strengthen Europe’s arms sector and reduce reliance on the US, but Germany and the Netherlands warn it would hinder Kyiv’s access to essential systems like Patriot missiles, F-16s, and Himars launchers. EU leaders agreed the … Continue reading France pushes to block Ukraine from buying US weapons

US slams Russia’s ‘dangerous escalation’ in Ukraine amid new deadly strikes

The United States has accused Russia of a “dangerous and inexplicable escalation” in its war on Ukraine, citing the recent use of a nuclear-capable Oreshnik ballistic missile and raising concerns at an emergency UN Security Council meeting. US officials warned that Russia’s actions risk intensifying the conflict at a time when President Donald Trump is pushing for peace negotiations. Despite the warning, Russia launched fresh … Continue reading US slams Russia’s ‘dangerous escalation’ in Ukraine amid new deadly strikes

Search for single-tusked elephant after 22 killed in India rampage

Forest officials in India are searching for a rogue elephant responsible for killing 22 people in Jharkhand’s West Singhbhum district since early January. The single-tusked male elephant, believed to have become violent after being separated from its herd, has carried out mostly nighttime attacks in villages, killing entire families and a forest official. Authorities have placed nearby districts on high alert, warned residents to stay … Continue reading Search for single-tusked elephant after 22 killed in India rampage

Over 12,000 feared dead after Iran protests

Information emerging from Iran suggests the government’s crackdown on more than two weeks of anti-government protests may have been far deadlier than previously reported. Sources speaking to CBS News, including one inside Iran, claim activist groups believe at least 12,000 people—and possibly up to 20,000—have been killed, though these figures cannot be independently verified. Britain’s foreign secretary said the U.K. believes deaths exceed 2,000 and … Continue reading Over 12,000 feared dead after Iran protests

Indian rocket launch loses control after liftoff in fresh blow to ISRO

An Indian PSLV rocket carrying 16 payloads, including an Earth observation satellite, went off course shortly after liftoff on Monday. The mission, PSLV-C62, lifted off from Sriharikota but experienced an anomaly during the end of its PS3 stage. ISRO said the rocket had flown normally for most of the mission before the unexpected deviation, and a detailed investigation has been launched. This marks the second … Continue reading Indian rocket launch loses control after liftoff in fresh blow to ISRO

Rainbow Discovered Around a Nearby Dead Star Puzzles Scientists

Astronomers have discovered a glowing bow shock around the white dwarf RXJ0528+2838, located 731 light-years away, in a phenomenon that defies current understanding. Unlike typical white dwarfs, which produce outflows through a surrounding disk, RXJ0528+2838 has no disk, yet it has generated a multi-colored nebula for roughly 1,000 years. Researchers suggest the star’s strong magnetic field may channel material from its companion directly onto the … Continue reading Rainbow Discovered Around a Nearby Dead Star Puzzles Scientists

Gold smashes new record of $4,600

Gold surged to a new record above $4,600 an ounce as investors sought safe-haven assets amid geopolitical tensions and market uncertainty. Concerns over a criminal investigation into Federal Reserve Chair Jerome Powell fueled speculation about potential leadership changes and faster interest-rate cuts. Unrest in Iran and recent U.S. actions in Venezuela added to the sense of global risk, boosting demand for gold. A weaker U.S. … Continue reading Gold smashes new record of $4,600

Capital One drops 6%, other banks hit after Trump calls for credit card rate cap

Banks and financial services stocks fell Monday after Trump called for a one-year, 10% cap on credit card interest rates starting January 20, 2026. Capital One and Synchrony Financial saw the largest declines, while more diversified banks like JPMorgan and Bank of America fell modestly, along with Visa and Mastercard. Critics warned the cap could make credit unprofitable, prompting banks to reduce lending and scale … Continue reading Capital One drops 6%, other banks hit after Trump calls for credit card rate cap

Wall Street ticks to records

Wall Street hit record highs Monday, with the S&P 500, Dow, and Nasdaq all rising despite lingering concerns about political pressure on the Federal Reserve. Walmart and Alphabet helped lift the market, while credit card companies fell sharply following Trump’s call to cap interest rates. Retailers including Abercrombie & Fitch, Urban Outfitters, and American Eagle also saw declines after disappointing profit forecasts, the AP has … Continue reading Wall Street ticks to records

Jack Smith to testify next week at a public House Judiciary Committee hearing

Former special counsel Jack Smith will testify publicly before the House Judiciary Committee on January 22, giving lawmakers the chance to question him about his prosecutions of Donald Trump. Smith previously gave an eight-hour closed-door deposition and defended his decisions, emphasizing that he acted based on facts and law, not political considerations. He investigated Trump over the 2020 election and the retention of classified documents, … Continue reading Jack Smith to testify next week at a public House Judiciary Committee hearing

Trump Orders Cleanup of Corrupt FBI ‘Scum’

President Donald Trump demanded on Truth Social that FBI Director Kash Patel remove agents allegedly involved in the Arctic Frost investigation, which targeted him, Republican organizations, and elected officials. The probe, originally focused on January 6, 2021, expanded under former FBI official Timothy Thibault, who circulated left-leaning news and podcast content to justify scrutiny of Trump and his associates. Internal emails and memos show Thibault … Continue reading Trump Orders Cleanup of Corrupt FBI ‘Scum’

Cuba’s president defiant, says no negotiations scheduled as Trump moves to choke off oil lifeline

Cuban President Miguel Díaz‑Canel said his government is not negotiating with the United States, despite Trump’s threats after cutting off Venezuelan oil supplies. He stated that only technical migration contacts exist and that broader talks must follow international law and mutual respect. Trump warned Cuba to strike a deal quickly after a U.S. operation in Venezuela disrupted its key energy lifeline. Díaz‑Canel condemned U.S. hostility … Continue reading Cuba’s president defiant, says no negotiations scheduled as Trump moves to choke off oil lifeline