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The UK defense minister said Putin's indiscriminate attacks on Ukraine are shocking, that Ukraine has inflicted heavy costs on Russia on the battlefield, and that Britain will firmly support Ukraine.

2026-06-02

The UK defense minister said Putin's indiscriminate attacks on Ukraine are shocking, that Ukraine has inflicted heavy costs on Russia on the battlefield, and that Britain will firmly support Ukraine.

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2026-06-02

China’s 20-city second‑hand residential market sold 141,000 units in May, down 9% MoM but up 19.3% YoY, with the YoY gain widening 6.3 percentage points from April. Year‑to‑date (Jan–May) transactions in the 20 cities total 629,000 units, up 4.4% YoY

China’s 20-city second‑hand residential market sold 141,000 units in May, down 9% MoM but up 19.3% YoY, with the YoY gain widening 6.3 percentage points from April. Year‑to‑date (Jan–May) transactions in the 20 cities total 629,000 units, up 4.4% YoY, indicating steady demand release. Adjusting for Spring Festival timing, resale volumes in the 14 weeks since the holiday are 13% higher than the same period in 2025. Core-city resale activity led the rebound: Beijing sold 16,000 second‑hand homes in May (+12.1% YoY) and Shanghai sold 28,000 (+30.9% YoY); both cities recorded near five‑year same‑period highs for a second consecutive month. Shanghai has expanded its second‑hand property acquisition pilot to all central urban districts, introducing market‑based acquisition pricing that may help stabilize valuations of older stock and support market confidence. Shenzhen’s end-April property policy optimizations are beginning to take effect; May resale turnover there has returned to positive YoY growth.
2026-06-02

The UAE is planning its first multi-fuel refined-products pipeline to keep exports of gasoline, diesel and jet fuel flowing if the Strait of Hormuz is shut, ADNOC vice president Philippe Khoury said. Abu Dhabi already crude routes from Habshan to Fuj

The UAE is planning its first multi-fuel refined-products pipeline to keep exports of gasoline, diesel and jet fuel flowing if the Strait of Hormuz is shut, ADNOC vice president Philippe Khoury said. Abu Dhabi already crude routes from Habshan to Fujairah via an existing pipeline with a 1.5 mln b/d cap and has relied on it since the conflict began; Fujairah port has faced repeated attacks that have disrupted exports. ADNOC is building a second crude pipeline due early next year that will double Fujairah throughput to about 3.0 mln b/d. The proposed products pipeline would be switchable between fuel types, operating like the US Colonial pipeline.
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