Supporters of Nepal’s former king, Gyanendra Shah, gathered in Kathmandu to demand the reinstatement of the monarchy and the designation of Hinduism as the state religion, with 10,000 people blocking the airport entrance upon his return. Despite being ousted in 2006, many Nepalis are disillusioned with the current republic, citing political instability, economic struggles, and corruption, leading to growing support for the ex-king. Gyanendra, who ruled briefly as an absolute monarch, has not responded to the calls for his return, although his chances of regaining power remain slim due to the political landscape.
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Canada's Hudson's Bay has survived 355 years. Now the store is in crisis
Hudson's Bay, Canada's oldest retailer, has entered creditor protection due to struggling with debt and declining sales. The high-end chain, dating back to the 17th-century fur-trade era, is facing challenges from the pandemic, inflation, and trade tensions with the U.S. The company plans to close some stores as it restructures its debt. Its parent company, HBC, also controls other luxury chains like Saks Fifth Avenue and Neiman Marcus, which have also faced financial difficulties. Luxury...
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