Beleaguered property giant China Evergrande delisted from HK...
Beleaguered property giant China Evergrande delisted from HK exchange. Capping off its fall from grace, the developer—which was once valued at $51 billion and helped fuel an economic boom in China—was removed yesterday from the exchange, where its shares had been suspended since January 2024 after it was placed in liquidation. Evergrande had been China’s largest developer by sales, but it also racked up more than $300 billion in debt. It quickly contracted when the government cracked down on lending and property sales slumped, and its collapse rippled through China’s economy.
President Trump signed an executive order requiring the Justice Department to prosecute people for burning the American flag, saying it should lead to a one-year jail term. The Supreme Court has previously ruled that burning the flag is protected by the First Amendment.
An Israeli strike on a hospital in Gaza killed 20 people, including five journalists. Israel’s Prime Minister Benjamin Netanyahu called it a “tragic mishap.”
The first human case of the flesh-eating screwworm parasite has been detected in the US, per the Department of Health and Human Services.
Ismael “El Mayo” Zambada Garcia, a former leader of Mexico’s Sinaloa Cartel, pleaded guilty to US federal charges of racketeering and running a continuing criminal enterprise, and he apologized for the harm illegal drugs have caused.
The Pumpkin Spice Latte returned to Starbucks today, which means summer is over and your beverage budget is toast.
Chevron has resumed shipments of Venezuelan crude to the US under a newly...
Chevron has resumed shipments of Venezuelan crude to the US under a newly issued Treasury Department license, ending a pause that began in April. Two tankers carrying Boscan and Hamaca grades have entered US waters for delivery at New Orleans and Port Arthur, Texas, with additional cargoes expected this month.
ConocoPhillips has agreed to nearly double its offtake from Sempra's...
ConocoPhillips has agreed to nearly double its offtake from Sempra's Port Arthur LNG Phase 2 to 4.4 million short tons per year over 20 years. Combined with its 5.51-short-ton commitment and 30% stake in Phase 1, the deal would make Conoco the plant's largest customer, though the second phase still requires a final investment decision, which could come later this year.
