Author: Press Room

This is widely deemed to be bad news for China, the world’s top importer of crude oil. Beijing sources around 40 per cent of its crude oil from the Middle East, with major suppliers including Saudi Arabia, Iran, Iraq, and the United Arab Emirates. “China is the largest trading partner of the Middle East and the predominant importer of Gulf oil. It wants to promote its Belt and Road Initiative in the region,” said Sun from Fudan University. A regional conflagration also risks spiking global oil prices, which would increase China’s import bill and strain an economy already feeling the…

Crude oil prices jump more than 4 percent amid fears the US may join Israel’s offensive against Iran.Oil prices have spiked amid fears that the Israel-Iran crisis could spiral into a broader conflict involving the United States. Brent North Sea Crude and West Texas Intermediate – the two most popular oil benchmarks – rose 4.4 percent and 4.3, respectively, on Tuesday as US President Donald Trump demanded “unconditional surrender” from Tehran. The benchmarks stood at $76.45 per barrel and $74.84 per barrel, respectively, following the jump. Oil prices edged up further in early trading on Wednesday, with both benchmarks about 0.5…

NEWYou can now listen to Fox News articles! Biden-appointed U.S. Judge Julia Kobick issued a ruling Tuesday to temporarily block the Trump administration’s move to only allow two genders, male and female, on U.S. passports.In line with an executive order signed by President Donald Trump proclaiming the U.S. only recognizes two genders, the Department of State eliminated the “X” designation on passport applications and suspended a policy allowing people to identify as the opposite sex or as intersex or nonbinary.The move was widely reported by media outlets as “targeting transgender” people. In April, Kobick, who is a federal judge for…

Hong Kong SkylineNikada | E+ | Getty ImagesRegencell Bioscience Holdings, an early-stage, Hong Kong-based bioscience company with no revenue, is the latest speculative overseas stock to attract an unusual surge in trading demand.Shares of Regencell, which says it develops traditional Chinese herb treatments to treat childhood attention deficit hyperactivity disorder and autism, more than tripled on Monday — soaring more than 280% by the close after a 38-for-1 split declared on June 2 took effect. By Monday’s close, Regencell, founded in 2014 and traded on Nasdaq under the ticker ‘RGC’ since 2021, had a total market capitalization of $29.7 billion,…

NEWYou can now listen to Fox News articles! A South Florida man who pretended to be a flight attendant booked “more than 120 free flights,” the Department of Justice (DOJ) said.Tiron Alexander, 35, was convicted by a federal jury of wire fraud and entering a secure area of an airport by false pretenses on June 5, according to a press release by the U.S. Attorney’s Office for the Southern District of Florida.Authorities say from 2018 to 2024, Alexander booked free flights on an airline carrier’s website that were only meant for pilots and flight attendants. Of all the flights booked,…

Descrease article font size Increase article font size On June 1 Hudson’s Bay stores across Canada closed for good – including the one in St. Albert, Alta. “It was mixed emotion actually,” said Muna Abdulhussain, who worked at the Bay for 15 years.“It was sad, very emotional to see our customers. We had very loyal customers there and built a good relationship with them.”On that final day, staff — past and present — opened a piece of history stored in the wall; a time capsule from 1995. It was supposed to be opened in 2045.“When we opened the frame there…

Coach Ashton Mills is leading a young Lower Great Southern side at the men’s CBH Country Championships which take place from June 20-22 at Perth Hockey Stadium.

Thailand says it wants a negotiated solution and has urged Cambodia to stop “unofficial” communication – an apparent reference to fiery interventions by Hun Sen, who stepped down in 2023 but still wields great influence. The border row dates back to the drawing of the countries’ 800km frontier in the early 20th century during the French occupation of Indochina. Cambodia has previously sought help from the ICJ in a territorial dispute over a border temple. In 1962, the court ruled that the disputed Preah Vihear temple belonged to Cambodia, and in 2013, the ICJ awarded an area next to the…

Israel’s Iron Dome is intercepting missiles launched from Iran, as air raid sirens sound across Tel Aviv.

Virginia Democrats on Tuesday picked former state lawmaker Chris Jones as the party’s attorney general nominee, as the party aims to retake control of state government in a nationally watched bellwether election later this year.Jones — who represented Norfolk in the House of Delegates — will defeat Shannon Taylor in the Democratic attorney general primary, The Associated Press projected. Jones will face off against Republican Attorney General Jason Miyares in November.The Democratic primary for lieutenant governor remains too early to call.The candidates for governor had been selected before Tuesday. Democrat Abigail Spanberger, whose candidacy thwarted prospective primary challengers, will go…