April 25, 2016 (2016-04-25) (Monday)
Armed conflicts and attacks
Business and economics
- British department store chain British Home Stores (BHS) collapses into administration after a last-minute rescue deal fails. The collapse of the retailer, which employs 11,000 people, is the biggest failure on the UK's high street since the collapse of Woolworths Group in 2008. (The Guardian)
- Saudi Arabia's Council of Ministers announces a broad-based economic reform plan, known as Vision 2030, which will help the oil-reliant state to diversify its economy over the next 14 years. (Al Jazeera)
- In the United States, Gannett Company, Inc., announces that two weeks ago it made an unsolicited, $815 million takeover bid for the Tribune Publishing Company, whose holdings include a number of major newspapers, such as the Chicago Tribune and the Los Angeles Times. Gannett, the publisher of the national American daily USA Today as well as 107 daily newspapers, made the offer public since Tribune had not yet responded. Last month, Tribune Publishing's winning bid for the Orange County Register was blocked by the U.S. Justice Department because of an antitrust challenge. (Reuters) (Chicago Tribune) (Orange County Register)
- Goldman Sachs, the American multinational investment banking firm, launches an FDIC-insured, Internet-based savings bank. The Wall Street institution, whose investment banking account minimums are in the millions, sets a minimum deposit of $1 dollar for GSBank.com. (TechCrunch) (GS Bank website)
Disasters and accidents
International relations
Law and crime
Politics and elections
Sports