![Is American Retail at a Historic Tipping Point?](https://eng-archive.aawsat.com/wp-content/uploads/2017/04/16retail-web-master768.jpg)
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Hilda Awuor lost her job at the Saks Fifth Avenue store in Lower Manhattan last month. She has decided to look for a new career. Credit An Rong Xu for The New York Times
![Is American Retail at a Historic Tipping Point?](https://eng-archive.aawsat.com/wp-content/uploads/2017/04/16retail-web-master768.jpg)
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The logos of Souq.com and Amazon are seen at Souq.com office in Dubai, United Arab Emirates March 28, 2017. REUTERS/Ahmed Jadallah
![Amazon Acquires Souq.com](https://eng-archive.aawsat.com/wp-content/uploads/2017/03/The-logos-of-Souq.com-and-Amazon-are-seen-at-Souq.com-office-in-Dubai-United-Arab-Emirates-on-March-28-2017.-Reuters.jpg)
Amazon Acquires Souq.com
Dubai – Amazon completed on Tuesday its acquisition of Souq.com, the Middle East’s largest online retailer. A joint statement revealed that the agreement brings Amazon into a fast-growing market as it expands into a wide range of services. The deal’s...Caption:
A man leaves a Marks & Spencer store in London, Britain in this January 7, 2016 file photo. REUTERS/Toby Melville/Files
![Britain’s FTSE Falls as Retail and Property Stocks Slump](https://eng-archive.aawsat.com/wp-content/uploads/2016/07/download-13.jpg)
Britain’s FTSE Falls as Retail and Property Stocks Slump
Britain’s blue-chip share index fell on Wednesday, with a sharp sell-off in retail and property-related stocks outpacing a rally in precious metals miners after prices of safe-haven gold hit a two-year peak. The FTSE 100 fell 0.5 percent by 0846 GMT. The...Caption:
File photo of Old Okaz Market in Taif, near Mecca, Saudi Arabia (Asharq Al-Awsat)
![Saudi GDP growth records gradual slowdown](https://eng-archive.aawsat.com/wp-content/uploads/2013/07/Okaz-Market-in-Saudi-e1374144961743.jpg)