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Pra-chid | Istock | Getty ImagesThe second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS.Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments for interest, dividends, capital gains or rental income. The U.S. tax system is “pay-as-you-go,” meaning the IRS expects you to pay taxes as you earn income. If your taxes are not withheld from earnings, you must pay the IRS directly.  More from FA Playbook:Here’s a look at other stories…

LONDON: Aiden Markram’s magnificent century was the cornerstone of South Africa’s five-wicket victory over Australia in the World Test Championship final at Lord’s on Saturday as the Proteas ended decades of cricket heartbreak by at last winning a major global title. South Africa successfully chased down an imposing 282-run target before lunch on the fourth day, with opening batsman Markram falling for 136 after taking South Africa to within six runs of the title. It was an edgy finish, however, as they took 27.4 overs to slowly score the 69 runs needed to secure success on the fourth day with…

CNN  —  President Donald Trump and other heads of state are set to gather in Canada for the annual G7 summit just days after Israel’s unprecedented strike on Iran. Ordinarily, such a development would dominate the high-level discussions, but this time around, world leaders will likely need to also focus on another pressing issue: trade. “You can’t afford not to talk about it, from any country’s perspective,” said Josh Lipsky, chair of international economics at the Atlantic Council. It’s less than a month until July 9, President Donald Trump’s self-imposed deadline for when dozens of countries, including several present at…

MELBOURNE: Pakis­tan’s star batter Babar Azam will play in the Big Bash League for the first time after he was signed by Sydney Sixers before next week’s player draft. The former national team captain, the second-highest run scorer in the history of T20 Internationals, will be available for the entirety of the 2025-26 season. “The Sydney Sixers are thrilled to announce the signing of Pakistan superstar Babar Azam for the upcoming BBL15 season, marking one of the biggest acquisitions in the leagues history,” the club announced on its website on Friday. Babar, has played 320 T20 matches in a number…

Olga Rolenko | Moment | Getty ImagesThere are all sorts of ways for consumers to misuse credit cards, from failing to pay monthly bills in full to running up your balance. But here’s one risky behavior that experts say you likely haven’t heard of: “credit cycling.”Credit cards come with a spending limit. Cardholders are usually aware of this limit, which represents the overall cap to how much they can borrow. The limit resets with each billing statement when users pay their bill in full and on time.Users who credit-cycle will reach that limit and quickly pay down their balance; this…

British-Pakistani boxer Laura Akram has secured Pakistan’s first world-level medal in elite women’s boxing. Akram delivered a commanding performance in her quarterfinal match at the prestigious World Boxing Challenge, part of the Grand Prix Ústí nad Labem, to secure a place in the semifinals, PTV reported. With a 5-0 points victory against Palestine’s Noura Salman in the Women’s 57kg bout, Akram has guaranteed herself a podium finish and at least a bronze medal. The landmark victory made Akram the first female elite boxer to represent Pakistan and win a medal at the World Boxing Challenge, a remarkable milestone for women’s…

MIAMI: FIFA’s billion-dollar gamble to revolutionise club football begins on Saturday with plenty of cash up for grabs but questionable enthusiasm as 32 teams prepare to contest the expanded Club World Cup in 12 stadiums across the United States. The tournament designed as a glittering curtain-raiser for the 2026 World Cup has had to contend with the prospect of empty seats along with controversial qualification rules and player welfare concerns after an exhausting European season. Lionel Messi’s Inter Miami face Egypt’s Al Ahly in the opening fixture of the June 14-July 13 tournament in Miami against the backdrop of legal…

An Iranian oil refinery in the industrial Gulf port of Bandar Abbas. (Photo: Jamshid Bairami)AFP via Getty Images Oil prices surged past $70 per barrel on Friday, following heightened tensions in the Middle East as Israel struck Iran overnight with what the Jewish nation described as strategic strikes on Tehran’s nuclear capabilities and leadership. At 8:36 am EDT on Friday, the global proxy benchmark Brent’s Front Month Crude Oil futures contract was up 7.81%, or $5.42 to $74.78 per barrel, while the West Texas Intermediate Front Month contract traded at $73.81 per barrel, up 8.48% or $5.77. Prices were trading…

People enjoy an unusually warm day in New York City as temperatures reach the low 80s on June 4, 2025 in New York City. Spencer Platt | Getty ImagesSummer Fridays may be considered the most desirable perk of the season, but fewer employers are on board with the shortened workweek.Companies have steadily phased out summer Fridays — a policy that allows workers to take Friday afternoon off over the summer months — as work-from-home Fridays became more common, experts say.”Pre-pandemic, summer Fridays were thing, but hybrid overall has taken over,” said Bill Driscoll, technology workplace trends expert at staffing and…

Washington CNN  —  Americans have gained some hope that the worst of President Donald Trump’s volatile trade war might be in the rearview mirror. Consumer sentiment surged 16% this month to a preliminary reading of 60.5, the University of Michigan said in its latest survey released Friday. That was the first increase in sentiment since December, rising from the near-record lows of the spring when American consumers and businesses grew pessimistic in the thick of Trump’s tariff blitz. This month’s uptick in sentiment was largely attributed to trade tensions easing from a fever pitch in April. “Consumers appear to have…