Month: June 2022

Oil Prices Climb on Supply and Demand Fundamentals

LONDON—Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.61, or 1.4 percent, to $115.74 a barrel by 0825 GMT. U.S. West Texas Intermediate (WTI) crude for July, which expires later on Tuesday, rose $2.29, or…


Hong Kong Government Strips Merits from Pro-Democracy Activists

The Hong Kong government recently revoked the honorary merits of three pro-democracy activists and their titles of Justice of the Peace. All three persons were sentenced to more than one year in prison for participating in social movements.  Some scholars believe that after the handover, the system of Justice of the Peace, and the honorary…


European Shares Rise, Dollar Slips as Market Selloff Pauses

LONDON—European shares opened higher on Tuesday, recovering slightly from last week’s 17-month lows as the selloff paused, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, recovering from last week’s sharp selloff which saw global equities tumble to their lowest since…


VIDEO: Divers Spot Humpback Whale Trapped in Driftnet, Cut Her Free — and Then She Says ‘Thank You’

In a gripping underwater rescue, Spanish divers have freed a 12-meter-long humpback whale entangled in an illegal drift net off the Balearic island of Mallorca. One of the divers, 32-year-old marine biologist Gigi Torras, said the May 20 rescue and a little gesture of appreciation from the giant mammal were also a birthday present for her — the…


CEOs Start to Push Back Against ‘Woke’ Employee Bullying

In an indication that corporate progressivism may be reaching its high water mark, CEOs are starting for the first time to push back against activist employees, in some cases going so far as to fire them rather than steer their companies into the mire of “woke” politics. Last week, Kraken CEO Jesse Powell became the…


Philippine Government Attorney Fatally Shot in US During Uber Ride to Airport With Mother

Philippine officials are calling on Philadelphia law enforcement to find those responsible for the fatal shooting of a Philippine government attorney on Saturday as he traveled in an Uber alongside his mother. John Albert Laylo, 35, and his mother Leah Laylo were in an Uber on their way to the Philadelphia International Airport on Saturday…


Australia’s Defence Minister Visits India to Strengthen Defence Ties

Australian Defence Minister Richard Marles on Monday arrived in India to hold a bilateral meeting with his Indian counterpart in a bid to bolster defence ties. In a post on Twitter on Tuesday, Marles praised India as a “top-tier partner” and a “close friend” to Australia. “I look forward to advancing our ongoing defence engagement…


Sydney Companies Suggest Quote for Aboriginal Flag on the Harbour Bridge Is Overinflated

Several Sydney-based manufacturers have suggested they could add the Aboriginal flag to the Sydney Harbour Bridge for a cheaper price after the New South Wales (NSW) government revealed the installation would cost taxpayers A$25 million. NSW Premier Dominic Perrottet on Monday admitted that he was stunned by the A$25 million price tag, which he described…


Australian Manufacturers Consider Moving to US If Energy Crisis Not Resolved

Australia’s largest building materials manufacturers are considering moving production overseas if electricity shortages and pricing volatilities continue. The leaders of Brickworks, Australia’s largest brickmaker, and Boral, a manufacturer of construction materials, gave a blunt assessment of the situation. According to Reuters, Brickworks has gas contracts with energy company Santos costing around $10 per gigajoule (US$6.95),…


Australian Manufacturers Consider Moving to US If Australian Energy Crisis Not Resolved

Australia’s largest building materials manufacturers are considering moving production overseas if electricity shortages and pricing volatilities continue. The leaders of Brickworks, Australia’s largest brickmaker, and Boral, a manufacturer of construction materials, gave a blunt assessment of the situation. According to Reuters, Brickworks has gas contracts with energy company Santos costing around $10 per gigajoule (US$6.95),…