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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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Syria’s Sectarian Fault Lines Erupt: Sweida Faces Deadly Unrest

Southern Syria is once again gripped by violence as sectarian clashes between Druze militias and Sunni Bedouin tribal fighters escalate in the city of Sweida. Over the past few days, at least 89 people have been killed and more than 100 injured, marking one of the deadliest flare-ups since the fall of President Bashar al-Assad in December.

The violence was triggered by a wave of kidnappings, including the abduction of a Druze merchant on the Damascus–Sweida highway. What began as retaliatory detentions quickly spiraled into open armed conflict, with both sides exchanging fire in densely populated neighborhoods.

Syrian government forces have deployed to the region in an attempt to restore order, but their presence has done little to quell the fighting. Six soldiers were reportedly killed during operations to secure safe passage for civilians. Meanwhile, **Israel has launched airstrikes targeting Syrian tanks** in the Sweida region, further complicating the volatile situation.

Local leaders and Druze spiritual authorities have called for restraint and international protection, warning that the absence of functioning state institutions is fueling chaos. The Syrian Ministry of Interior has announced a direct intervention to end the conflict and pursue those responsible.

As tensions mount, fears of a broader bloodbath loom large. The clashes underscore the fragility of Syria’s post-Assad landscape, where sectarian fault lines remain dangerously exposed.

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