Author: admin

CNN  —  President Donald Trump’s megabill is now a megalaw with wide-reaching implications for many Americans. Trump has touted that his tax and spending law will boost the economy and put more money in people’s pockets, especially for hourly workers. However, as is the case with most federal laws — especially one that’s nearly 900 pages long and peppered with plenty of eleventh-hour additions — the outcomes aren’t always that cut and dry. The law’s passage “happened overnight and on a holiday weekend,” said Nisha Verma, a partner in Dorsey & Whitney’s labor and employment practice. “This will change the…

HOUSTON: Mexico defeated the Unit­ed States 2-1 at NRG Stadium in Houston, Texas on Sunday to successfully defend their CONCACAF Gold Cup cro­wn and capture their 10th title in a pulsating final that delivered drama from start to finish. The US went ahead just four minutes in when Sebastian Berh­a­lter’s free-kick found Chris Richards, whose powerful header struck the underside of the crossbar and cannoned straight down, with the referee confirming the goal was good. Mexico found the equaliser through Raul Jimenez in the 27th minute after the striker converted from close range. He then dedicated the goal to the…

LAHORE: The Pakistan Cricket Board (PCB) on Monday unveiled a significantly revised domestic calendar for the 2025-26 season, featuring 522 matches across 12 competitions, with major changes made to the format and structure of the Quaid-i-Azam Trophy and other key tournaments. In a notable shift, only eight regional sides will participate in the upcoming Quaid-i-Azam Trophy — the country’s premier first-class competition — compared to 18 in the 2024-25 season. The decision comes just a year after the PCB had introduced a new domestic structure, which was initially said to be given a constitutional cover for consistency. According to the…

AUSTRALIA’S Alex de Minaur in action during his Wimbledon round-of-16 match against Novak Djokovic of Serbia at the All England Lawn Tennis and Croquet Club on Monday.—Reuters LONDON: Novak Djokovic survived a scare to reach the Wimbledon quarter-finals with a tense four-set victory over Alex de Minaur on Monday. Seven-time champion Djokovic endured a nightmare start to his last-16 match against the Australian 11th seed on Centre Court, but eventually battled back to win 1-6, 6-4, 6-4, 6-4. Fresh from his 100th win at Wimbledon on Saturday — making him the third player to achieve that feat after Martina Navratilova…

Republican presidential nominee former President Donald Trump speaks at a campaign rally in Asheville, N.C., Wednesday, Aug. 14, 2024.Matt Rourke | APThe Social Security Administration sent what experts say is a misleading email to consumers last week, describing President Donald Trump’s “one big beautiful bill” as “long-awaited tax relief to millions of older Americans.”In that email and a July 3 press release, the agency said the legislation will make it so “nearly 90%” of Social Security beneficiaries no longer pay federal income taxes on benefits. It attributed that to an additional $6,000 senior deduction and another unspecified provision.Tax experts say…

CNN  —  President Donald Trump and his administration are racing to get trade deals done ahead of a self-imposed deadline, at which point tariffs are set to rise for dozens of countries across the world. News about the on-again, off-again tariffs has become such a daily fixture of the second Trump administration that, at times, it can be hard to remember why the president started down this path in the first place. Trump has given many different reasons for why he believes tariffs are a crucial part of his policy agenda, but they can be categorized into four main goals:…

CNN  —  Companies are increasingly turning to a Depression-era policy to avoid President Donald Trump’s tariffs, importing goods into designated US zones where they don’t have to pay tariffs until they want to. There are 374 foreign trade zones, or FTZs, across the United States, originally designed to help keep companies competitive during the Great Depression. Now, these zones exist in every state and Puerto Rico and allow businesses to import products or materials (inputs) to the United States and store them, duty-free. Importers only pay tariffs when they sell their products to US customers. And if they choose to…

Alexander Spatari | Moment | Getty ImagesA last-minute summer flight to London or Rome costs less than it did a year ago, but the good news ends at the customs checkpoint. U.S. travelers to the U.K. and Europe are finding their dollars don’t go as far as they did just months ago.Exchange rates haven’t been kind to Americans abroad this year.The dollar index — which tracks the greenback against a handful of other major currencies — has plunged 10.3% so far this year, its worst half-year performance since 1973, largely due to President Donald Trump’s ongoing global trade war. While some analysts expect a…

New captain Shubman Gill was hailed on Monday for leading from the front after India recorded their maiden Test win at Edgbaston to level the series against England 1-1. Gill, who notched a century in a losing cause in the first Test at Headingley, hit new heights in scoring 269 and 161 to set up a crushing victory by 336 runs which leaves the five-match series finely poised. It was India’s first win in nine Tests at the Birmingham venue, following seven previous defeats and one draw. “New captain, new India”, The Indian Express newspaper splashed across its front page.…

Women’s top seed Aryna Sabalenka and men’s defending champion Carlos Alcaraz both survived tough tests to reach the Wimbledon quarter-finals and Cameron Norrie kept alive British singles hopes after surviving a five-set thriller on Sunday. Sabalenka ruined home favourite Emma Raducanu’s dream in the previous round but had the Centre Court crowd cheering her on as she beat Elise Mertens 6-4 7-6(4) in a high-quality duel. Wimbledon’s new automated line-calling technology came under fire after an embarrassing malfunction robbed Anastasia Pavlyuchenkova of a point during her last-16 victory over Britain’s Sonay Kartal on Centre Court. Spaniard Alcaraz came through a…