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Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington.Anna Moneymaker | Getty Images News | Getty ImagesA massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially while boosting the incomes of wealthier households, according to a Yale Budget Lab analysis issued Monday.The “One Big Beautiful Bill Act” would reduce income by 2.9% (about $700) for the bottom 20% of households, according to the Yale analysis. These households have an income of less than…

Washington CNN  —  President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts. Trump on his social media platform wrote that the Fed’s board “should be ashamed of themselves for allowing this to happen to the United States.” However, officials who sit on the Fed’s board aren’t the only ones who vote on policy moves; that also includes five other regional Fed bank presidents. It’s unclear if Trump meant to attack just the board or all…

Spanish authorities on Monday detained former top socialist party official Santos Cerdan in a corruption case that is a new blow for left-wing Prime Minister Pedro Sanchez, judicial sources said. Former transport minister José Luis Ábalos has also been implicated in the investigation into kickbacks for public contracts, which has created the biggest political crisis Sanchez has faced since taking office in 2018. The sources said a Supreme Court judge ordered the detention of Cerdan, who has quit as the Spanish Socialist Workers’ Party organisation secretary — the ruling party’s number three post — as there was a “risk” he…

The Pakistan Cricket Board (PCB) on Monday appointed former all-rounder Azhar Mahmood as the acting red-ball head coach of the Pakistan men’s team. In April, after having tested as many as six head coaches without any positive results in key international contests during the past two years for the national team, the PCB again advertised the post. Aaqib Javed, the last interim head coach for both formats who had failed to deliver after performing double duties as selector and coach during the past six months, had left the job following this year’s ICC Champions Trophy held in February-March. “The Pakistan…

Pakistan proved their dominance yet again after crushing Japan 79-39 on Monday at the Asian Youth Netball Championship in South Korea. The victory was the fourth consecutive for Pakistan, who now lead Pool B with 8 points. The green shirts were 16-9 in the first quarter before extending their lead to 39-17 by halftime. The score jumped to 60-26 in the third quarter, with the women cruising to 79-39 to end the match. Leya Raza Shah, Alisha Naveed, Haleema, Sarina Hussain, Jasmine Farooq, Farah Rasheed, Amani, Parisa, Sumayya Ahmed and Alina played exceptional roles in securing the team’s victory. Senior…

IFBH, the Thai company behind the IF-branded bottled coconut water, started trading in Hong Kong on June 30, 2025.Shanshan Kao/Forbes Asia IFBH, the Thai company behind China’s largest coconut water brand IF, saw its shares jump 42% in its Hong Kong stock market debut Monday, boasting a market cap of $1.3 billion. IFBH ended its first day trading at HK$39.5, up from the HK$27.8 per share set for the initial public offering. The company, a subsidiary of Bangkok-based General Beverage, raised HK$1.16 billion ($145 million) from the sale of 41.7 million shares at the top end of a marketed range…

ANAHEIM: YouTuber-turned-boxer Jake Paul cruised to victory over Mexico’s Julio Cesar Chavez Jr on Saturday in a one-sided cruiserweight bout in California. Paul, whose last fight was a controversial clash with 58-year-old former heavyweight champion Mike Tyson in November, dominated from the outset to win by unanimous decision. The 28-year-old influencer, who has earned millions from a string of lucrative contests in a ring career that has spanned 13 fights, had too much speed and power for Chavez Jr. The three judges at ringside scored the 10-round fight 99-91, 97-93, 98-92 in Paul’s favour. Chavez Jr, the 39-year-old son of…

CNN  —  In the face of higher tariffs on virtually everything the United States imports, plus a Middle East crisis, the United States economy has, remarkably, held its ground. Inflation has mostly held steady, while the unemployment rate remains near historic lows. Stocks, meanwhile, hit fresh record highs last week. That could soon change as crucial deadlines near. The first is July 9, which marks the end of President Donald Trump’s 90-day pause on what he termed as “reciprocal” tariffs on dozens of America’s trading partners. Unless those countries reach trade deals with the US, they could potentially face much…

Zimbabwean batter Sean Williams celebrates scoring a century during the first Test against South Africa at the Queen’s Sports Club on Sunday.—courtesy ZC BULAWAYO: Sean Williams hit an aggressive century for Zimbabwe but South Africa were in control after the second day of the first Test at Queens Sports Club in Bulawayo on Sunday. The left-handed Williams hit 137 off 163 balls — more than half his team’s total of 251. South Africa led by 167 runs on the first innings and stretched their lead to 216 runs when they reached 49 for one at the close of play. Zimbabwe…

Spain’s Carlos Alcaraz practises ahead of the Wimbledon Championships at The All England Lawn Tennis and Croquet Club on Sunday.—AFP LONDON: The first round of Wimbledon begins on Monday with defending champion Carlos Alcaraz seeking a hat-trick of titles at the All England Club while women’s top seed Aryna Sabalenka resumes her quest for a first major this year after two runner-up finishes. Spaniard Alcaraz could join an elite club of just four men — Bjorn Borg, Pete Sampras, Roger Federer and Novak Djokovic — who have claimed three consecutive Wimbledon titles in the Open era. Yet the 22-year-old Alcaraz,…