Chains

Company founder Steven Marks says US stores will close as it can no longer justify cost of trying to break into crowded marketGuzman y Gomez is closing its US business after failing to establish itself in a market already rich with Mexican food, confirming the American country’s reputation as a “graveyard” for Australian fast food companies.The Mexican-themed chain told shareholders on Friday that the performance of its US stores had not been acceptable, despite its well-publicised plans to “become the best and biggest restaurant company in the world”. Continue reading...

The Politburo, a top decision-making body of the ruling Communist Party, was cited as saying by state news agency Xinhua that the economy got off to a better-than-expected start this year.

About 422 indie bookshops opened in 2025, up 31%, defying predictions of retail consolidationFor years now, we have heard that Amazon and the big chains are crushing small businesses, but independent bookstores are suddenly making a comeback.About 422 new indie bookshops opened in 2025, according to the American Booksellers Association, a 31% rise from 2024. Countless independent restaurants, coffee shops, fitness centers, movie theaters, clothing stores and other small businesses also continue to thrive even in this era of ever-bigger retailers, fast-casual restaurants and massive e-commerce platforms. Continue reading...

President Masoud Pezeshkian says 14m people ‘declared their readiness to sacrifice their lives’ for defence of IranMiddle East crisis – live updatesIranians officials called on young people to form human chains around the country’s power plants and people in Tehran stocked up on basic provisions, as the clock ticked down on Donald Trump’s deadline to open the strait of Hormuz or face massive strikes on civilian infrastructure.Iranian media showed people gathering outside electricity stations, waving Iranian flags and holding up banners, including at the country’s largest power plant, near Tehran, and in Tabriz in the north-west. In Dezful in the south-west, people gathered on a bridge said to be 1,700 years old. Continue reading...