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Hudson’s Bay Liquidation Marks End of an Era, Thousands of Jobs at Stake

  Hudson’s Bay, Canada’s oldest retail company, is set to liquidate the majority of its stores, leaving thousands of employees facing layoffs. The company, which has been a cornerstone of Canadian retail for over 350 years, recently filed for creditor protection due to financial challenges, including reduced consumer spending and post-pandemic downtown traffic. Starting today, liquidation sales will begin at all but six Hudson’s Bay locations across the country. The six stores spared include flagship locations in Toronto and Montreal, among others. However, the company has warned that these stores could also face closure if a restructuring solution is not found quickly. The liquidation process is expected to impact over 9,000 employees directly, with additional effects on contractors and brand shop-in-shop staff. Many employees, some with decades of service, are grappling with the emotional and financial toll of the closures. The liquidation sales are set to run until June 15, with...
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Catastrophe in North Gaza: UN Warns of Imminent Risk of Death

 

The situation in North Gaza has reached catastrophic levels, with the United Nations describing it as “apocalyptic.” The ongoing military offensive by Israel against Hamas militants has left the entire Palestinian population in the region at imminent risk of death due to disease, famine, and violence.

Top UN officials have issued urgent warnings, highlighting the dire humanitarian crisis. Basic necessities such as food, water, and medical supplies are scarce, and humanitarian aid efforts are severely hampered by access constraints and security concerns. The heads of multiple UN agencies, including UNICEF and the World Food Programme, have called for an immediate cessation of hostilities to allow for the safe delivery of life-saving aid.

The international community is watching closely, with the United States urging Israel to improve the humanitarian situation or face potential restrictions on military aid. Despite these pressures, the situation remains critical, with tens of thousands of people in northern Gaza marooned without essential supplies.

The UN’s stark warning underscores the urgent need for a resolution to the conflict and immediate humanitarian relief to prevent further loss of life in North Gaza.


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