Business
Saks Fifth Avenue Is Shrinking to Half the Number of Stores in Bankruptcy
Saks Fifth Avenue is shrinking to about half its size as it closes stores in a bid to emerge from bankruptcy.
Twelve Saks Fifth Avenue stores will be closed by the end of May, its parent company, Saks Global, said on Friday. The disclosure follows an initial review in February in which the company said it would close eight Saks stores.
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Business
Explainer-Who might succeed in Iran’s theocratic system of power?

Explainer-Who might succeed in Iran’s theocratic system of power?
Business
(VIDEO) iPhone 17 Pro Max vs iPhone 17e: Which One Is Better?
Apple’s flagship iPhone 17 Pro Max, released last September, now shares the spotlight with the newly unveiled iPhone 17e, a $599 budget model that brings many modern features to a lower price point while highlighting the stark contrasts in the company’s 2026 smartphone lineup.

The iPhone 17e, announced March 2 and set for release March 11, arrives as Apple’s most affordable current-generation device, starting at $599 for 256GB storage — double the base capacity of its predecessor, the iPhone 16e, at the same price. Preorders opened March 4, with the device available in black, white and a new soft pink finish.
In comparison, the iPhone 17 Pro Max starts at $1,199 for 256GB, positioning it as the premium large-screen option with top-tier performance, camera capabilities and battery life. The gap of $600 underscores Apple’s strategy of offering tiered choices: the entry-level 17e for cost-conscious buyers seeking solid everyday use, and the Pro Max for power users demanding the best hardware.
The iPhone 17e retains a familiar 6.1-inch Super Retina XDR OLED display with a notch for the TrueDepth camera system, rather than the Dynamic Island found on higher models. It features Ceramic Shield 2 front glass for 3x better scratch resistance than previous generations, an aluminum frame and IP68 dust and water resistance. The display runs at 60Hz without ProMotion adaptive refresh rates or Always-On capability.
Powering the 17e is Apple’s A19 chip with a 6-core CPU (2 performance, 4 efficiency cores) and a 4-core GPU, paired with 8GB of RAM. This setup delivers strong performance for daily tasks, gaming and Apple Intelligence features, though the GPU has one fewer core than the A19 in the standard iPhone 17. It includes Apple’s latest C1X cellular modem for faster connectivity, up to 2x improvement over the prior C1 in the 16e.
Camera-wise, the 17e sports a single 48MP Fusion main sensor that enables optical-quality 2x telephoto shots and captures 4K Dolby Vision video. It supports next-generation portraits and advanced computational photography like Photonic Engine, Deep Fusion and Smart HDR 5. The 12MP front camera handles selfies and video calls with features like Retina Flash.
Battery life benefits from efficient power management, though exact capacity remains around 4,000 mAh in estimates. New this year is MagSafe support for faster wireless charging and a vast accessory ecosystem, along with Qi2 compatibility — a significant upgrade from the 16e.
Satellite features, including Emergency SOS, Roadside Assistance, Messages and Find My via satellite, ensure connectivity in remote areas.
The iPhone 17 Pro Max, by contrast, targets enthusiasts with a larger 6.9-inch Super Retina XDR display featuring ProMotion up to 120Hz, Always-On display, peak brightness of 3,000 nits and Ceramic Shield 2 on both front and back for enhanced durability.
It runs on the more powerful A19 Pro chip with a superior GPU, 12GB of RAM and advanced thermal design including vapor chamber cooling for sustained performance during intensive tasks like video editing or gaming. Storage options extend to 2TB.
The Pro Max’s camera system stands out with three 48MP Fusion lenses: main, ultrawide and a new telephoto offering extended optical zoom (up to 8x equivalent in some configurations), macro capabilities and professional-grade video recording. It excels in low-light performance, computational photography and versatility.
Battery capacity approaches 5,088 mAh in reports, delivering what Apple calls the best life ever in an iPhone, aided by efficiency gains in iOS 26.
Design differences include a titanium frame on the Pro Max for premium feel and lighter weight relative to size, versus the aluminum on the 17e. The Pro Max measures roughly 6.43 x 3.07 x 0.34 inches and weighs 233 grams, while the 17e is more compact at about 5.78 x 2.82 x 0.31 inches and 169 grams.
Both run iOS 26 with full Apple Intelligence support, ensuring long-term software updates, privacy features and ecosystem integration.
Analysts see the 17e as a smart evolution for Apple’s budget segment. By adding MagSafe, doubling base storage and upgrading to the A19 chip without raising the price, it narrows the gap to mid-tier models like the $799 iPhone 17. Early reviews praise its value for users prioritizing battery, camera basics and modern connectivity over pro-level extras.
The Pro Max remains the choice for creators, photographers and those wanting maximum screen real estate and performance. Its larger form factor suits media consumption, multitasking and extended use.
As preorders ramp up for the 17e, Apple positions it as “feature stacked, value packed,” appealing to first-time iPhone buyers or those upgrading from older devices. The Pro Max continues to dominate premium sales, driven by its unmatched hardware.
The release highlights Apple’s segmented approach in 2026: accessible entry points like the 17e alongside flagship powerhouses, giving consumers clear trade-offs between price and capability in a competitive smartphone market.
Business
5 big analyst AI moves: Buy Samsung pullback, Nvidia back as top chip pick

5 big analyst AI moves: Buy Samsung pullback, Nvidia back as top chip pick
Business
Lebanese man flees hometown, months after repairing home damaged in last war

Lebanese man flees hometown, months after repairing home damaged in last war
Business
Taiwan Premier’s ‘baseball diplomacy’ in Japan risks fresh China retaliation

Taiwan Premier’s ‘baseball diplomacy’ in Japan risks fresh China retaliation
Business
Trump praises Italy PM Meloni’s willingness to help in U.S.-Israel war with Iran

Trump praises Italy PM Meloni’s willingness to help in U.S.-Israel war with Iran
Business
Israeli military says it will pursue every successor of Iran’s Khamenei

Israeli military says it will pursue every successor of Iran’s Khamenei
Business
A Winning Blue-Chip Fund Flips the Script on the AI Trade
A Winning Blue-Chip Fund Flips the Script on the AI Trade
Business
Philippines and Thailand most vulnerable to oil-led inflation, Jefferies says

Philippines and Thailand most vulnerable to oil-led inflation, Jefferies says
Business
There’s an inflation wave coming – what does the Iran war mean for the UK economy?
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
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