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Biden Supports TikTok Ban, White House Embraces Influencers

The White House brushes off accusations of hypocrisy, courting TikTok while seeking to ban it.

The post As Biden Cheers TikTok Ban, White House Embraces TikTok Influencers appeared first on The Intercept.

Palestinians Pay High Fees to Escape Gaza Carnage | TOME

With almost no options for escape, people in Gaza are increasingly paying thousands of dollars to fixers connected to the Egyptian government.

The post Desperate To Escape Gaza Carnage, Palestinians Are Forced to Pay Exorbitant Fees to Enter Egypt appeared first on The Intercept.

Rep. Gottheimer Battles High Schoolers Protesting for Gaza

While Congress has obsessed over Palestine solidarity protests on college campuses, Gottheimer’s fixation on high school students is unusual.

The post Rep. Josh Gottheimer Goes to War Against High Schoolers Protesting for Gaza appeared first on The Intercept.

Saudi Communications Minister strengthens tech partnerships with China

RIYADH: In an effort to boost Saudi-Chinese relations, the Kingdom’s minister of communications and information technology, Abdullah Al-Swaha, began an official visit to China to meet government officials and leaders, the Saudi Press Agency reported.   The minister held meetings with his Chinese counterpart as well as several other officials to enhance partnerships and attract more technological investments into the Kingdom.  

Crude Oil Stabilizes Amid Fuel Demand Worries and Weak China Data

RIYADH: Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in US inventories, as attention shifted back to rising interest rates denting global economic growth.  Brent crude futures was up 37 cents, or 0.50 percent, to $74.40 a barrel by 02:41 p.m. Saudi time, while US West Texas Intermediate crude futures rose 39 cents, or 0.56 percent, to $69.95 a barrel.

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. 

Baseball United CEO Shaikh: Abu Dhabi and Dubai Franchises Elevate Us to New Heights

For Kash Shaikh, November cannot come quickly enough. The Chairman and CEO of Baseball United, the first professional league dedicated to baseball in the Middle East and Asia, last week signed partnership with the Emirates Cricket Board ahead of the organization’s competitive launch in five months’ time. Things are steadily falling into place for the Dubai-based league. Baseball United’s first showcase will involve four franchises facing off in four games, before an eight-team league follows a year later.

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