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NEW DELHI: South African Lungi Ngidi has returned for the Indian Premier League’s final phase, but the seamer and several of his compatriots are expected to exit the rescheduled tournament early to prepare for next month’s World Test Championship final. The IPL will resume on Saturday after India and Pakistan agreed to a ceasefire following days of fighting between the nuclear-armed neighbours. The South Africa squad for the June 11-15 WTC final against Australia at Lord’s includes eight players who are playing in the lucrative IPL, the final for which has been moved from May 25 to June 3. South…

LAHORE: Former Bangladesh captain Shakib Al Hasan and Sri Lankan batter Bhanuka Rajapaksa have signed up for Lahore Qalandars for the remainder of the HBL Pakistan Super League (PSL) season, the franchise announced on Thursday. Meanwhile, Karachi Kings have secured the services of Scotland opener George Munsey. The tenth edition of the PSL is set to resume from Saturday — with Kings taking on Peshawar Zalmi at the Rawalpindi Cricket Stadium — after the league was postponed as a result of cross-border tensions between Pakistan and India, which started May 7 before culminating in a ceasefire three days later. The…

USA China economic trade war market conflict concept. Two opposing hand trucks and cardboard boxes … More with USA and China flags., 3d illustrationgetty Just when the U.S.-China trade conflict seamed at an impasse, the two parties agreed to a 90-day truce this past weekend that lowered duties on Chinese and U.S. goods to 30% and 10%, respectively, from 145% and 125%. The reciprocal tariff rates that ensued after President Donald Trump’s “Liberation Day” announcement on April 2 have been suspended, while the 20% duties imposed on China tied to fentanyl and the 10% universal tariffs are left in place.…

Jacob Wackerhausen | Istock | Getty ImagesHouse Republicans’ child tax credit planThe Tax Cuts and Jobs Act, or TCJA, of 2017, temporarily boosted the maximum child tax credit to $2,000 from $1,000, an increase that will expire after 2025 without action from Congress.If enacted, the House bill would make the $2,000 credit permanent and raise the cap to $2,500 from 2025 through 2028. After 2028, the credit’s highest value would revert to $2,000, and be indexed for inflation.However, the plan does “nothing for the 17 million children that are left out of the current $2,000 credit,” said Kris Cox, director…

CNN  —  While many economists are saying the risk of an imminent recession has diminished since China and the United States agreed to lower tariffs earlier this week, JPMorgan Chase’s CEO, Jamie Dimon, is still penciling one in. “I wouldn’t take it off the table at this point,” Dimon said in a Bloomberg TV interview on Thursday at an annual conference the bank hosts in Paris. After the trade breakthrough from weekend talks in Geneva between Trump administration officials and Chinese government officials, JPMorgan economists lowered the risk of the US economy entering a recession to below 50% from 60%…

CNN  —  In a sign that consumer demand may be fraying around the edges, spending at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March as shoppers rushed to beat President Donald Trump’s stiff tariffs. The April data was worse than the 0.2% monthly rise economists polled by FactSet predicted. Among the biggest monthly declines was motor vehicle and part sales, which declined to -0.1% in April from 9.4% in March. Consumer spending is the backbone of the economy, accounting for two-thirds of gross domestic product. The steep drop in retail sales could lead…

CNN  —  US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday. The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US producers dropped 0.5% in April from the month before, according to Bureau of Labor Statistics data. A driving force behind the downward swing was a 1.7% plunge in trade services, a category that measures gross margins for wholesalers and retailers. Although it’s a volatile category, the sharp downward swing…

ZURICH: FIFA is targeting $1 billion in revenue from the Women’s World Cup, global football governing body’s president Gianni Infantino said on Tuesday at the Saudi Arabia-US Investment Forum 2025 in Riyadh. The 2023 Women’s World Cup, hosted by Australia and New Zealand, broke even after generating more than $570 million in revenue. “Women’s football and women in football are crucially important…,” said Infa­n­tino. “It’s growing as well, and exponentially, and we are targeting that as well to have $1 billion revenue just with the Women’s World Cup to reinvest in the women’s game.” The next women’s World Cup in…

NEW DELHI: The Indian Pre­mier League resumes on Saturday after its suspension because of the India-Pakistan conflict, but there are doubts over foreign players and the extended schedule has sparked a showdown with international cricket. The IPL will now end on June 3, nine days later than planned, putting it on a collision course with the English summer of cricket and preparations for the World Test Championship (WTC) final at Lord’s on June 11. An England ODI series against the West Indies starts on May 29 while the South Africa and Australia squads are due to begin build-up for their…

PARIS: Human Rights Watch on Wednesday said grave abuses were being committed on giant construction sites in Saudi Arabia and warned the risks to migrant workers could increase as the building of stadiums for the 2034 World Cup gathers pace. HRW said that “scores of migrant workers in Saudi Arabia die in gruesome yet avoidable workplace-related accidents, including falling from buildings, electrocution, and even decapitation”. The NGO, which has studied nearly 50 cases of deaths in Saudi Arabia, said Saudi authorities had “failed to adequately protect workers from preventable deaths, investigate workplace safety incidents, and ensure timely and adequate compensation…