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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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Trump Greenlights Missile Delivery to Ukraine Amid Rising Tensions with Russia

President Donald Trump has announced a major shift in U.S. policy toward the war in Ukraine, pledging to deliver Patriot missile systems and other advanced weaponry to Kyiv. The announcement comes ahead of a high-level meeting between Trump’s special envoy, General Keith Kellogg, and Ukrainian President Volodymyr Zelensky in Kyiv.

Trump cited growing frustration with Russian President Vladimir Putin’s continued aggression, stating, “He talks nicely, and then bombs everyone at night. I don’t like it”. The weapons package, which may include long-range offensive systems, marks a dramatic reversal from Trump’s earlier stance of limiting U.S. involvement in the conflict.

The European Union is expected to reimburse the U.S. for the cost of the missile systems, with Trump emphasizing that “we’re not paying anything for it”. The delivery is part of a broader strategy to bolster Ukraine’s defenses against intensified Russian drone and missile attacks, which have caused record civilian casualties in recent months.

Senator Lindsey Graham, a close Trump ally, described the move as a “game-changer,” predicting a record flow of weapons to Ukraine in the coming days. General Kellogg’s visit signals deeper cooperation between Washington and Kyiv, with discussions expected to cover defense, sanctions, and joint production of military equipment.

This development underscores a growing rift between Trump and Putin, and could reshape the geopolitical landscape as NATO leaders prepare to meet in Washington this week.

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