Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase ...

Luxury retail chain Saks Global is trying to line up bankruptcy financing to pay its bills during a potential Chapter 11 filing, but investors have shown little interest, people familiar with the ...

Saks Global’s chief executive is stepping down from the helm of the struggling luxury retailer ahead of an expected bankruptcy filing that could come within days. Marc Metrick, who led Saks Fifth ...

Saks Global CEO Marc Metrick is stepping down amid reports that the company, which owns luxury department store chains including Saks Fifth Avenue and Neiman Marcus, is preparing to file for ...

Ronald Saks, of St. Louis, passed away on December 26, 2025, surrounded by his family who loved him dearly. Born September 21, 1943, to Delores and Marvin Saks. He was husband to Sharalyn, brother to ...

Sri Lanka’s Labor Minister and Deputy Finance Minister Dr. Anil Jayantha Fernando announced last week that the government would convene an international donor conference in January 2026. The ...

WASHINGTON, December 19, 2025—The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and ...

Tourist arrivals reached 2.17 million by December 11, pushing Sri Lanka past last year’s total. The bigger goal, though, was to edge closer to the 2018 peak of 2.3 million, and much will depend on how ...

The U.S. sent military aircraft and personnel to Sri Lanka and pledged $2 million to assist recovery efforts after a devastating tropical cyclone hit the island nation last month. Heavy rains from ...

Sri Lanka is struggling to recover from the devastating Cyclone Ditwah even as it was trying to rebuild from a debt crisis and political turmoil, President Anura Kumara Dissanayake told Newsweek in an ...

In a candid conversation with Newsweek in the stately bilateral meeting room at the President’s Secretariat in Colombo, President Anura Kumara Dissanayake laid out the realities his nation faces in ...

Washington, DC: Mr. Evan Papageorgiou, International Monetary Fund (IMF) Mission Chief for Sri Lanka issued the following statement today: "In the wake of the devastating impact and widespread ...