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Gantry cranes above a container ship.Shaunl | E+ | Getty ImagesPresident Donald Trump’s tariffs have redrawn the map of the global economy — sending stocks on an unpredictable ride over the last few months.On Thursday, many trading partners were hit with “reciprocal” tariffs on their exports to the U.S. Trump also announced late Wednesday that he will impose a 100% tariff on imported semiconductor chips, with an exception for companies that are “building in the United States.”Most investors would benefit from tuning out the market volatility triggered by a trade war with dozens of countries, financial advisors say. History shows that…

Johner Images | Johner Images Royalty-free | Getty ImagesInvestors may soon have greater access to private assets — that is, investments that are not publicly traded — in their 401(k) or other workplace retirement plans. Financial advisors say that for many workers, the risks may outweigh the rewards. President Donald Trump is expected to sign an executive order on Thursday allowing alternative assets in 401(k)s, according to a senior White House official. The order instructs the Department of Labor to reexamine its guidance to employers and plan administrators on incorporating such assets into retirement plans.Alternative investments are a broad category that…

ISLAMABAD: For the first time, Pakistan will be represented by its senior squash players at the 12th edition of the World Games to be held in Chengdu, China, with Nasir Iqbal and Noor Zaman set to compete in the championship. The duo, led by head coach Fahim Gul, marks Pakistan’s inaugural participation in the squash event at these global championships. The Pakistan Squash Federation (PSF) highlighted the significance of the World Games, describing it as a major international gathering of top athletes. “It is an honour to have Pakistan’s squash team participating in this mega event,” stated a PSF press…

The U.S. Department of Education is making the Free Application for Federal Student Aid available earlier this year, which experts say may address some of the bugs that have plagued previous application cycles.The FAFSA serves as the gateway to all federal aid money for college-bound students, including federal student loans, work-study and especially grants.The 2026-27 FAFSA is already available to a limited group of students in a beta test. Starting on Sept. 1, anyone can request to participate in the second phase of testing, according to an announcement from the Education Department.All students will have access to the coming academic year’s form at the beginning…

The International Masters Cricket (IMC) Over 40s T20 Cricket World Cup has been rescheduled to November to avoid a clash with the National Games slated for December in Karachi, the Pakistan Veterans Cricket Association (PVCA) said on Thursday. The veteran’s cricket tournament was scheduled from Dec 1-13 and was being organised by PVCA. Last month, the Pakistan Cricket Board (PCB) had approved the use of Karachi’s National Stadium for 19 out of 56 matches. Meanwhile, Sindh Chief Minister Murad Ali Shah announced in May that Karachi would host the 35th National Games from December 6-13 after it was postponed from…

RIYADH: Holders Al Hilal will be banned from the 2026-27 Saudi Super Cup if they qualify after withdrawing from this season’s four-team competition, the Saudi Arabia Football Federation’s (SAFF) Disciplinary and Ethics Committee said on Tuesday. The decision came after Al Hilal pulled out of the Super Cup, scheduled to be played from Aug 19-23 in Hong Kong, citing player fatigue following their Club World Cup campaign. They lost 2-1 to Fluminense in the quarter-finals on July 4. “Al Hilal refused to participate in the Saudi Super Cup for the 2025-2026 season after the official schedule for the competition was…

MONTREAL: Four-times Grand Slam champion Naomi Osaka reached the semi-finals of the Canadian Open for the first time after beating Ukrainian Elina Svitolina 6-2, 6-2 in the quarters on Tuesday, while Ben Shelton eliminated Alex de Minaur on the men’s side. It marks Osaka’s first WTA 1000 semi-final since Miami in 2022, as the Japanese former world number one needed just over an hour to secure victory over the 10th seeded Svitolina. Osaka capitalised on Svitolina’s unforced errors to break twice and move within a game of taking the first set. Despite dropping serve while Svitolina threatened to shift the…

Drazen Zigic | Istock | Getty ImagesA measure in President Donald Trump’s “big beautiful bill” that caps federal student loans could make it harder for medical students to finance their education or force them to abandon their medical school plans, experts say.Starting next year, the legislation caps the amount of federal loans students can borrow for graduate school at $100,000 over a lifetime — and sets a lifetime loan limit of $200,000 for professional programs, such as medical, dental or law school. Grad PLUS loans will also be eliminated entirely. Those changes go into effect for new borrowers on July 1, 2026.Some experts say the…

PORT OF SPAIN: West Indies have recalled all-rounder Romario Shepherd for the three-match One-day International series against Pakistan with coach Darren Sammy hoping that positive results will strengthen their case for an automatic spot at next year’s ODI World Cup. The squad retained the core of players who secured recent home series victories over England and Bangladesh at the end of 2024, as well as the tour of the United Kingdom earlier this year. The West Indies are aiming for a fourth consecutive home ODI series win Shepherd returning to the side — led by Shai Hope — for the…

WASHINGTON: Donald Trump on Tuesday established a task force that he will lead on the 2028 Olympic Games in Los Angeles, a Democrat-run city that has frequently clashed with the Republican US president. The group will engage the federal government to “ensure the Games are safe, seamless and historically successful,” potentially offering Trump and his allies greater influence over the sporting event. Trump will serve as chairman and Vice President JD Vance will be vice-chair of the task force, which will encompass several other leaders in his administration. Other members include Attorney General Pam Bondi, Homeland Security Secretary Kristi Noem…