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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. 
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“76ers’ Future Uncertain: Harden and Harris Deals Hang in Balance”

PHILADELPHIA: James Harden might have side-eyed questions this week — much like he did in a playful reaction in his Houston days — about his future with the Philadelphia 76ers. But the issue is real in Philly: Will Harden return to the 76ers for a third season? All signs point to Harden declining his $35.6 million option on Thursday and entering this summer as an unrestricted free agent. That leaves the 2018 NBA MVP and 10-time All-Star free to sign with any team.
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Prigozhin’s Uprising Threat Echoes Russia’s History of Failed Wars

Putin may yet suffer the fate of many czars before him: a military uprising fueled by the blowback of a failing war.

The post Yevgeny Prigozhin’s Threatened Uprising Against Putin Echoes Russia’s History of Wars Gone Bad appeared first on The Intercept.

sport

Mayar Sherif: Highest-Ranked Egyptian in Tennis History by Design

In a recent conversation with her psychologist, Egyptian tennis star Mayar Sherif was asked what was driving her the most. “She was asking me, ‘What is your motivation right now? Because motivation can move mountains’,” recalled Sherif in an interview with Arab News on Monday. “I told her, ‘I’m dying to pass Ismail’s career-high mark of 34,’ so that was definitely a goal I had in my mind.” Sherif was referring to Ismail El-Shafei, who, until Sunday, was the highest-ranked Egyptian in Open era history, having peaked at No.34 in the world back in 1975.
Business

Saudi Property Market Performs Well in Q1 Due to Limited Supply: CBRE

RIYADH: Demand for offices remained strong in Saudi Arabia in the first quarter of 2023 as global and local businesses continued to scout for quality spaces in the key cities despite limited supply in the market, the latest report from global consultancy firm CBRE showed.   Most of the offices in Riyadh witnessed nearly 100 percent occupancy, resulting in Grade A and Grade B properties recording a year-on-year rise in average rental rates of 9.3 percent and 14 percent, respectively, in the first quarter.  
James Risen

“Trump: A Predator Who Preys on Followers”

Trump’s body man Walt Nauta is just the latest in a long line of lackeys.

The post Trump Is a Predator Who Feeds on Lackeys appeared first on The Intercept.

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Palestinian Boxer Nidal Foqahaa Aims for Olympic Podium with National Flag

Nidal Foqahaa is the first Palestinian boxer to win bouts at a world competition, and now the young fighter is targeting success at the 2024 Olympics in Paris. Last month in Tashkent, Uzbekistan, Foqahaa, 19, made history for Palestine by triumphing over two former Olympians in the IBA Men’s Elite World Boxing Championships. Although he did not claim a medal in the International Boxing Association event, just making it onto the world stage was a hard-fought accomplishment for the pugilist, as it is for many elite boxers.
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Belgian and Dutch students protest Israel’s Gaza war | TOME

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Students in Ghent and Amsterdam occupied universities to protest against Israel's war on Gaza.

Palestinians seek UN General Assembly backing for full membership

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UNITED NATIONS: The United Nations General Assembly could vote on Friday on a draft resolution that would recognize the Palestinians as qualified to become a full UN member and recommend that the UN Security Council “reconsider the matter favorably.” It would effectively act as a global survey of how much support the Palestinians have for their bid, which was vetoed in the UN Security Council last month by the United States. An application to become a full UN member needs to be approved by the 15-member Security Council and then the General Assembly.

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Erdogan opens church to Muslim worshippers

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ISTANBUL: Turkiye on Monday reopened a mosque converted from an ancient Orthodox church in Istanbul for Muslim worship, four years after the president ordered its transformation. The Kariye Mosque was formerly a Byzantine church, then a mosque and then a museum. President Recep Tayyip Erdogan, in 2020, ordered the building to be reconverted into a Muslim place of worship.

Russia-Ukraine War: Key Events Day 803 | TOME

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As the war enters its 803rd day, these are the main developments.

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Boeing delays Starliner capsule launch due to valve issue

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Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm.

KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

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