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CNN  —  “Never mind. Pretend like nothing ever happened.” That might as well have been the text of one provision in President Donald Trump’s mega tax-and-spending-cuts package that reverses more stringent tax-reporting requirements for payment apps when it comes to telling the IRS how much small businesses and freelancers are taking in via business transactions on their platforms. The package also contains a new measure for all businesses that issue 1099-NEC and 1099-MISC forms to report to the IRS how much non-employee compensation they pay to vendors and contractors. It’s a change that upends decades of practice. But we’ll get…

India’s Fauja Singh, believed to be the world’s oldest distance runner, has died in a road accident aged 114, his biographer said on Tuesday. Singh, an Indian-born British national, nicknamed the “Turbaned Tornado”, died after being hit by a vehicle in Punjab state’s Jalandhar district on Monday. “My Turbaned Tornado is no more,” Fauja’s biographer Khushwant Singh wrote on X. “He was struck by an unidentified vehicle… in his village, Bias, while crossing the road. Rest in peace, my dear Fauja.” Singh did not have a birth certificate but his family said he was born on April 1, 1911. He…

LOS ANGELES: Organisers of the Los Angeles 2028 Olympics on Monday released the first look at the Olympic competition schedule, highlighting a historic reshuffling of key events and the most ambitious sports lineup in Games history. The announcement comes as the city marks three years to go until the Opening Ceremony and celebrates a major legacy milestone: more than one million enrolments in the PlayLA youth sports programme. For the first time in nearly three decades, the Summer Olympics will return to the United States, with Los Angeles hosting for the third time after 1932 and 1984. The 2028 Games…

MANAMA: Pakistan’s Shahid Aftab and Mohammad Asif progressed to the knockout stages of the IBSF World Masters Snooker Championship after the league round concluded on Monday, though their paths diverged during the day’s tense encounters in Manama. Shahid, the current national champion, delivered a remarkable comeback against Kuwait’s Abdullah Alyousef to secure his place directly in the last 16. Trailing 0-2 after losing the first two frames [25-70(44), 31-53], Shahid staged a stunning recovery. He dominated the third frame with a 48 break (79(48)-6), controlled the fourth (58-13), and sealed the decider emphatically with a superb 73 break [103(73)-25]. Later,…

A person walks on campus at Muhlenberg College in Allentown, Pennsylvania, U.S. March 26, 2025. Hannah Beier | ReutersWhy is the interest-free forbearance ending?Former President Joe Biden rolled out the SAVE plan in the summer of 2023, describing it as “the most affordable student loan plan ever.”But millions of borrowers who signed up for the plan were caught in limbo after GOP-led lawsuits led to a block on the plan last year. The Biden administration put these borrowers in a forbearance while the legal challenges played out, and stopped interest from accruing on people’s debts in the meantime. Forbearances are a…

CNN  —  President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico. Those tariffs are set to take effect August 1, unless either party inks a trade deal or takes other measures that cause the president to reverse course. If that does not happen, Americans could get stuck paying more for an extensive list of goods. But as is the case with the various tariffs Trump has already imposed — including the nearly universal 10% and the 25% tariffs on goods from Canada and…

England beat India by 22 runs to win a thrilling third Test at Lord’s on Monday as they went 2-1 up in a five-match series. India were on the brink of defeat at 147-9, still needing a further 46 runs to reach a victory target of 193, when last man Mohammed Siraj joined Ravindra Jadeja in the middle. Nevertheless, the pair batted on until after tea on the final day to give India hope of an improbable win. But with India in sight of just their fourth win in 20 Tests at Lord’s, Siraj played on to off-spinner Shoaib Bashir…

Washington CNN  —  Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to formally review an ongoing $2.5 billion renovation of the institution’s headquarters in Washington, DC, according to a source familiar with the matter. Powell made the request “a few weeks ago,” the source said. At a congressional hearing last month, Powell was grilled by Senate lawmakers over what they depicted as lavish upgrades to the Fed’s headquarters. Powell said some of those upgrades, such as Italian beehives, are not part of the renovation. Since then, the Fed head has been under fire by top Trump…

NTT DC REIT is part of NTT Group, one of the world’s largest data center operators.Akio Kon/Bloomberg NTT DC REIT, the global data center real estate investment trust of Japanese telecoms giant NTT Group, made a muted debut on the Singapore stock exchange Monday, despite growing investor interests in data centers amid the AI boom. NTT DC REIT finished its first trading day unchanged at $1, giving it a market cap of roughly $1 billion. The investment trust raised $773 million in its IPO, the largest in Singapore since 2017, when Singtel’s broadband unit NetLink NBN Trust launched a $1.7…

INDIAN nightwatchman Akash Deep is cleaned up by England captain Ben Stokes during the third Test at Lord’s on Sunday.—AFP LONDON: India suffered a dramatic top-order slump to set up a thrilling finale to the third Test against England at Lord’s on Sunday. The tourists had the upper hand after dismissing England for just 192 in their second innings, with off-spinner Washington Sundar taking 4-22, including the wickets of Joe Root, Jamie Smith and England captain Ben Stokes on the fourth day. That left India needing 193 to go 2-1 up in this five-match series after both teams made 387…