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Vingegaard Excited as Tour de France Approaches

BILBAO, SPAIN: Cycling’s Tour de France, with its caravan of teams, media, publicity and security, was visible everywhere around Bilbao on Thursday, as champion Jonas Vingegaard prepared to start the defense of his title. The 22 teams received a loud reception on their parade in downtown Bilbao. Starting in front of the landmark Guggenheim Museum with the tension tangible as riders warmed up beneath low hanging black clouds with the peculiar hills straddling the horizon. “I feel good, I feel ready, I’m where I want to be,” said Jumbo-Visma rider Vingegaard.
Business

China’s industrial profits decline, worsening economic gloom

BEIJING: Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery.  The 18.8 percent year-on-year slump in profits came on top of the 20.6 percent contraction in January-April, and added to evidence of an economy that was losing steam on many fronts in May including retail sales, exports and property investment as the youth jobless rate scaled a fresh high of 20.8 percent. 
Intercepted Podcast

CIA Arms Dealer Targeted by DEA

He thought he was a CIA arms dealer, but the DEA ran an entrapment sting operation.

The post CIA Arms Dealer Was Actually DEA Target appeared first on The Intercept.

Business

Saudi cement companies in central region may reduce prices due to strong competition.

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of the giga-projects boom, according to a recent report from AlJazira Capital. Since the majority of the huge ongoing developments in the Kingdom are located in its center, companies from across the country have ventured into the region, causing competition to soar.   The report added that the central area is also logistically more feasible and accessible for the majority of the firms in the Kingdom, further attracting external players. 
Business

Survey shows US oil and gas production slowing amidst high demand

RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time when demand is showing signs of recovery, research by the Federal Reserve Bank of Dallas has shown. The survey posted a score of zero for business activity growth in the second quarter of 2023 among 150 oil and gas groups in its region, the lowest since 2020 when oil prices crashed due to the pandemic, ultimately forcing operators to close rigs and cut headcounts. 
Business

Real Estate Fund Deposits $244.1m in Sakani Accounts in June

RIYADH: Saudi Arabia is getting closer to its Vision 2030 home ownership goal, with the Kingdom’s Real Estate Development Fund on Monday depositing SR916 million ($244.1 million) in the accounts of affordable housing beneficiaries.  According to the Saudi Press Agency, Mansour bin Madi, CEO of the fund, said the total amount deposited from June 2017 to June 2023 has now surpassed SR49.3 billion. 
sport

Cavendish plans final Tour de France triumph

BILBAO, SPAIN: Cycling’s all time great sprinter Mark Cavendish has nothing to prove except perhaps to himself as he embarks on his final Tour de France on Saturday. Fans will crowd finish lines along the 3,404km route from Bilbao to Paris hoping to witness the 38-year-old celebrate sole ownership for the record of Tour de France stage wins. Locked with Belgian legend Eddy Merckx since an astonishing return to form on the 2021 Tour lifted his tally to 34, he was encouraged to bow out on a high after being overlooked for the 2022 edition.
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3 Syrians Missing in Cargo Ship Sinking off Romania

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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

UN: 800K Flee Rafah as Israel Kills Dozens in Gaza

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Israel says it recovered remains of one captive while Hamas claims several attacks against Israeli troops across Gaza.

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UN: 800K Flee Rafah as Israel Kills Dozens in Gaza

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Israel says it recovered remains of one captive while Hamas claims several attacks against Israeli troops across Gaza.

3 Syrians Missing in Cargo Ship Sinking off Romania

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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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