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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Hudson's Bay Faces Corporate Layoffs Amid Liquidation Process

 

Hudson's Bay Company (HBC), Canada's oldest retailer, has announced the termination of nearly 200 corporate employees as part of its ongoing restructuring efforts. The layoffs, effective April 4, mark the first wave of job losses as the company moves forward with plans to liquidate the majority of its stores across Canada.

Earlier this month, HBC filed for creditor protection under the Companies' Creditors Arrangement Act, citing financial struggles and subdued consumer spending. The company has since begun liquidation sales in 73 of its 80 Hudson's Bay locations, along with several Saks Fifth Avenue and Saks OFF 5TH stores.

Despite the corporate layoffs, store employees are being retained to manage clearance events, and both physical stores and the company's e-commerce platform remain operational. Hudson's Bay employed approximately 9,364 workers across Canada as of February 28, with 520 classified as corporate staff.

"This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support," said Tiffany Bourré, spokesperson for HBC.

The liquidation process is expected to last until mid-June, significantly reducing the company's workforce and marking a challenging chapter in its storied history.

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