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NOBEL laureate and activist Malala Yousafzai has launched a new initiative to invest in women’s sports around the world. Recess — launched by Ms Yousafzai and her husband, Asser Malik, on Tuesday — will invest in professional and amateur teams to ensure more women participation in sports. In an interview with CNN, Ms Yousafzai, who was born in Swat, recalled her school days in Pakistan when women had limited opportunities to participate in sports. “I remember in school recess time when boys would go off to the local cricket playground and girls had to stay behind,” she said. “From that…

New York CNN  —  The US economy needs the fragile ceasefire President Donald Trump brokered in the Middle East to hold. If the pause in fighting between Israel and Iran fails and major hostilities resume, oil prices would likely spike again. And surging gasoline prices are the last thing the US economy needs right now. Inflation is already expected to heat up this summer because of Trump’s massive tariffs on imports. An oil shock would make matters worse — perhaps much worse. “It would be a bit of a double-whammy. First there’s the stagflationary shock from tariffs. And then a…

Milan Markovic | E+ | Getty ImagesThe average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute.In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of more than 1,400 qualified plans and nearly 5 million participants. That percentage matched record-high levels from 2023.A separate report from Fidelity also noted all-time high 401(k) savings rates, with the combined worker and company rate climbing to 14.3%. Those findings reflected 25,300 corporate plans with 24.4 million…

The federal student loan system is facing a massive overhaul, which could result in less college aid. But higher education is only getting more expensive.To bridge the gap, some schools are offering substantial financial aid packages, according to The Princeton Review.College tuition has surged by 5.6% a year, on average, since 1983, significantly outpacing other household expenses, a recent study by J.P. Morgan Asset Management found.For the 2024-25 school year, tuition and fees plus room and board for a four-year private college averaged $58,600, up from $56,390 a year earlier, according to the College Board. At four-year, in-state public colleges, it was $24,920, up from…

Washington CNN  —  It’s still too soon for the Federal Reserve to consider lowering interest rates, Chair Jerome Powell said Tuesday. “Policy changes continue to evolve, and their effects on the economy remain uncertain,” Powell said in his prepared testimony for his semiannual monetary policy report to Congress. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.” Powell’s latest comments come as some Fed officials have joined President Donald Trump in calling for lower borrowing costs. The Fed leader said Trump’s…

A Rolls-Royce Spectre all electric luxury coupe is displayed at Rolls-Royce Motor Cars dealership showroom in London.John Keeble | Getty Images News | Getty ImagesRepublicans are trying to make good on President Donald Trump’s campaign promise to give Americans a tax break on their car loan interest. However, as structured, most households wouldn’t get a substantial financial benefit, economists said.House and Senate Republicans proposed giving drivers a tax deduction of up to $10,000 on annual interest for new auto loans in their so-called “One Big Beautiful Bill Act.” The tax break would be temporary, ending after 2028.But few drivers pay…

Jerome Powell, chairman of the US Federal Reserve, departs following a news conference following a … More Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 18, 2025. Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. Photographer: Kent Nishimura/Bloomberg© 2025 Bloomberg Finance LP The Federal Market Open Market Committee expects interest rates to move down in 2025. Fixed income markets see two cuts as the most likely outcome, taking rates to 3.75% to 4% by…

COLOMBO: Pakistan’s snooker campaign at the Asian 6-Red and Team Snooker Championship surged forward on Monday as all three cueists — Awaisullah Munir, seasoned campaigner Mohammad Asif and the consistent Mohammad Sajjad — secured their passage to the pre-quarterfinals following the conclusion of their group stage. Defending champion Awaisullah solidified his position by completing a perfect group stage run, securing his third consecutive victory. He faced a determined challenge from India’s Pushpender Singh but emerged with a convincing 4-2 [1-51(37), 47(34)-0, 66-0, 10-46, 34-21, 33-21] win. Singh started strongly, taking the first frame with a 37 break. Awaisullah responded emphatically,…

LAHORE: Pakistan hockey captain Ammad Butt has called the silver medal in the FIH Nations Cup — following a 6–2 loss to New Zealand in the June 21 final in Kuala Lumpur — a promising step forward for national hockey. The tournament, held at the National Hockey Stadium, saw Pakistan reach their first major final in 11 years, a revival since their last appearance in the 2014 Champions Trophy final in Bhubaneswar. “It’s been 11 years since we played a final on the big stage,” Ammad said at Allama Iqbal International Airport on Sunday night, after returning from Malaysia. “While…

The Strait of Hormuz waterway between the Persian Gulf and Gulf of Oman. It is a very strategically … More important shipping choke point with Iran to the north and UAE and Oman exclave Musandam to the south. It is the only sea passage from the Persian Gulf to the open ocean.getty The U.S. entered the Israel-Iran conflict early on Sunday by bombing of Iran’s nuclear facilities in support of Israel. The move has again prompted calls within Iran for a retaliation involving a shutdown of the Strait of Hormuz, a key maritime artery for oil and gas shipments from…