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Storm on the Horizon: Iran Issues Dire Warning After U.S. Naval Deployment

Tensions in the Persian Gulf have surged after Iran warned that any military strike by the United States would trigger an “all‑out war.” The warning followed the deployment of a U.S. naval “armada,” ordered by Donald Trump, to reinforce American presence in the region. Iranian officials described the move as a direct threat to their national security, insisting that even a limited attack would provoke a full‑scale response. The U.S. maintains that the deployment is meant to deter aggression and protect its interests and allies. Analysts caution that the situation is becoming increasingly volatile. With both nations adopting uncompromising positions, even a minor misstep could ignite a conflict far larger than either side intends. The world now watches closely as diplomatic channels strain under the weight of rising hostility.
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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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