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Hudson’s Bay Battles Lender Over Ruby Liu Lease Deal in Ontario Court

Hudson’s Bay Co. is pushing back against a motion filed by its senior lender, Restore Capital LLC, which seeks to terminate a controversial lease sale to billionaire Ruby Liu. The retailer has asked the Ontario Superior Court to dismiss the motion, arguing that the deal represents its best chance to recover funds for creditors amid its ongoing liquidation. The dispute centers on Hudson’s Bay’s plan to sell up to 28 store leases—25 of which remain pending court and landlord approval—to Liu’s company, Central Walk. While three leases have already been approved for $6 million, Restore claims the remaining transaction is draining resources, citing over $18 million in rent and professional fees with no clear path to completion. Hudson’s Bay CFO Michael Culhane defended the deal, stating that Restore was fully aware of the risks and had previously supported the transaction. He emphasized that Liu has already made a $9.4 million deposit and that the sale could generate significant recoveries ...
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Rising Tensions in Sweida: Israel Targets Syrian Tanks Amid Sectarian Clashes


In a dramatic escalation of regional unrest, Israel launched strikes on military tanks in southern Syria’s Sweida province on Monday, July 14, amid fierce clashes between Syrian government forces, Bedouin tribes, and Druze militias.

The violence erupted following a series of kidnappings and retaliatory attacks between Druze and Sunni Bedouin groups, reportedly triggered by the robbery of a Druze vegetable vendor. Syrian security forces deployed to restore order were drawn into the conflict, with some reportedly siding with Bedouin fighters.

The Syrian Interior Ministry confirmed over 30 fatalities and nearly 100 injuries, while independent monitors placed the death toll closer to 50, including children and security personnel. Israel’s military stated it struck several tanks near the village of Sami, citing concerns over the safety of the Druze minority, which it has historically vowed to protect.

The Druze community, a religious minority with deep roots in southern Syria, has grown increasingly wary of the new Syrian leadership following the ousting of President Bashar al-Assad in December. Internal divisions among Druze factions have complicated efforts to integrate with the new government, further fueling instability.

As the situation unfolds, international observers warn of a dangerous escalation in sectarian violence, with implications for regional security and humanitarian conditions.

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