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VanVleet joins Houston; NBA free agency begins with few big names on the move

NEW YORK: Fred VanVleet bet on himself, and the Houston Rockets are the beneficiaries. On an opening night of free agency where most big names — Kyrie Irving, Draymond Green, Khris Middleton, Kyle Kuzma and more — stayed put, VanVleet is headed to a new home. He agreed to a three-year deal Friday with the Rockets that’ll pay him about $130 million, a person with knowledge of the negotiations told The Associated Press. ESPN first reported the agreement between VanVleet and the Rockets.

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. 

PIF’s Lifera partners with CENTOGENE for global omics diagnostics.

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public Investment Fund-owned Lifera announced a joint venture with CENTOGENE.  The biopharmaceutical company will be working with the German-based firm to provide multiomic testing services — a concept in biological research that aims to comprehensively characterize and quantify large numbers of molecules in complex samples.

Kyrsten Sinema Cuts Pilot Training Funding After Receiving Airline Contributions

The airline-backed amendment to radically alter pilot training requirements is opposed by pilot and flight attendant unions.

The post Kyrsten Sinema Moves to Slash Pilot Training After Taking Airline Cash appeared first on The Intercept.

Saudi Industry Minister’s Investment Tour in Germany Continues

RIYADH: German investment in the Saudi mining sector was one of the key topics of discussion when the Kingdom’s industry minister met with a leading Bavarian politician. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks with Roland Weigert, vice minister in the Bavarian Ministry of Economic Affairs, Regional Development and Energy, as part of his visit to Germany.

Historic Protests in Peru

'Latin America in general is a huge gap between the rich people and the poor people.'

Bed Bath & Beyond files for US bankruptcy

One of the original big box retailers, it has had years of dismal sales and losses and said it will close all stores.

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