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US refiners face historic stress test as global crisis looms

Image for US refiners face historic stress test as global crisis looms

US refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this has delivered record profits, prolonged high utilisation raises the risk of equipment failures that could deepen the global fuel crisis.


China's netizens rage against professor who said gig work was a type of 'welfare'

A prominent economics professor's remarks on gig work as welfare ignited public anger in China. She argued flexibility offers welfare, contrasting it with regular employment benefits. This controversy highlights deep anxieties over job insecurity in China's cooling economy. Flexible workers, without permanent contracts, are projected to reach 320 million this year. Experts warn this trend strains China's welfare and pension systems significantly.

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