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Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. Of note, China's refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other...
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Jun 7, 2026 / Tyler Durden
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
After the close on Friday, we said that on Monday, Korean stocks would be a "bundle of joy"...
Korea on Monday will be a bundle of joy
— zerohedge (@zerohedge) June 5, 2026
... are having a very bad day.
The sudden plunge triggered a circuit breaker, halting trading for 20 minutes. The Korea Exchange held an emergency meeting Monday to assess rising volatility and discuss measures to ensure stable market operations.
Concerns over overheating in the AI rally combined with uncertainty in the macro...
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Apr 27, 2026 / Tyler Durden
"Racial-Profiling" Or Race-Baiting? Tom Steyer's Illiterate Take On English Proficiency
"Racial-Profiling" Or Race-Baiting? Tom Steyer's Illiterate Take On English Proficiency
Authored by Jonathan Turley,
If you go to NASCAR to watch the cars crash, the Democratic gubernatorial race in California has been a thrilling pile-up.
The recent debate saw all the Democratic candidates play the race card over a curious issue. When asked if they supported the move to rescind at least 17,000 commercial driver’s licenses to illegal aliens, every single Democrat declared the policy racist. The candidates also pledged to support truckers who cannot speak or read English.
When Sheriff Chad Bianco, a Republican candidate,...
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May 6, 2026 / Tyler Durden
UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount
UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount
Via City AM,
Ministers are expected to warn Britons that flight cancellations could disrupt summer holiday plans.
Allianz Trade research says the UK is especially exposed to jet fuel shortages because of import dependence.
Airlines are weighing cancellations, surcharges, and ticket price adjustments as fuel supply risks rise.
Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries.
Heidi Alexander, the...
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