Dollar Tree Is Selling Family Dollar for $1 Billion

Dollar Tree is selling the Family Dollar brand to two private capital firms for just over $1 billion, the company announced on Wednesday after years of struggling with Family Dollar’s operation. The private equity firms Brigade Capital Management and Macellum Capital Management are buying Family Dollar together, according to the statement. In the announcement, Dollar … Read more

Israel Budget Vote Is Win for Netanyahu

A spending plan approved by Israel’s Parliament hands Prime Minister Benjamin Netanyahu a big political victory and devotes a significant chunk to military spending, signaling that Israel expects to stay on a war footing for the longer term. The $206 billion budget was approved on Tuesday with broad enough support — 66 votes to 52 … Read more

South Korea, World’s Largest ‘Baby Exporter,’ Admits to Adoption Fraud

South Korea on Wednesday admitted for the first time that in its rush to send children to American and European homes decades ago, its adoption agencies committed widespread malpractices, including falsifying documents​, to make them more adoptable​. The findings by South Korea’s Truth and Reconciliation Commission, a government agency,​ which said children were sent away … Read more

A Traditional Ramadan Treat Gets a Modern Remake (but Good Luck Getting It)

As the minutes ticked closer to sundown, the crowd grew more impatient, pressing against the glass display case, shouting and shoving bills toward the young men filling order after order of the Ramadan sweet bread. “If you please—” “What is this stuffed with?” “Sir, take my money!” “Just be patient!” The high-pressure volley of queries, … Read more

South Korea Fires Kill At Least 18 People

South Korean fire crews battled what the acting president said on Wednesday were some of the worst wildfires ever in the country. At least 18 people have died, according to the authorities, as strong winds and dry conditions helped fuel the fires. Two ancient Buddhist temples were among the more than 200 buildings damaged or … Read more