We may need to brace for the demise of America’s largest department-store chain. Hudson’s Bay Co., the Canadian owner of Lord & Taylor and Saks Fifth Avenue, is in talks to take over Macy’s, according to a report from The Wall Street Journal on Friday. It would be a spectacular end to a years-long struggle for what was once ...

  The International Monetary Fund’s involvement in Greece has been an unmitigated disaster: Time and again, its failure to heed crucial lessons has visited suffering upon the Greek people. When the fund’s directors meet on Monday, they should agree to forgive the country’s debts and get out. The IMF should never have gotten into Greece in the first place. As ...

  DUBAI / Reuters Gulf carrier Qatar Airways will allow passengers barred from the United States by President Donald Trump’s executive order last week to resume boarding US-bound flights after a federal judge blocked the move, an airline spokeswoman said on Saturday. US Customs & Border Protection (CBP) has advised Qatar Airways it can board travellers from seven Muslim-majority countries ...

  PARIS / Reuters Air France said on Saturday it had reopened US-bound flights to passengers affected by President Donald Trump’s travel ban on nationals from seven Muslim-majority countries, after the executive order was temporarily suspended by a federal court. “Starting today we are implementing this court decision,” Air France spokesman Herve Erschler said. “Nationals from the countries concerned are ...

  Bloomberg Hudson’s Bay Co. is in early stage talks with Macy’s Inc. about a possible takeover of the struggling department-store chain, according to a person familiar with the matter. Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identified as the details aren’t public. A ...

  Bloomberg China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said. The investment by Alibaba and private equity firm SAIF Partners values the company at $1.1 billion, said the person, who didn’t want to be identified talking about a private ...

  Bloomberg Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now. The company will double-down on its delivery system that gets products quickly into the hands of its customers. ...

  London / DPA Sitting in a room full of maps, Paul Defendi and Tommy Bartram ask each other over and over again the quickest way from A to B. Trance-like, they recite the names of streets and check the length of routes with a piece of string. The pair are students at London’s Knowledge Point, where they’re studying to ...

  Tijuana / DPA Hector Barajas was 17 years old when he joined the US Army. Born in Mexico, he crossed the border illegally when he was just a child. He was able to join the military after obtaining legal residency in the United States. “When I enlisted they promised me that if I served the United States they would ...

  Bloomberg Axeon Specialty Products LLC is shuttering the US largest asphalt refinery when the country might need it the most. The Stamford, Connecticut-based company announced last month it plans to close its Paulsboro, New Jersey, refinery, and convert it into a terminal. The planned shutdown comes as President Donald Trump has pledged to build new roads, highways and bridges ...