Trump signs sweeping tax and spending cuts into law on Fourth of July

[ad_1] Listen to article US President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally. With military jets flying overhead and hundreds of supporters in attendance, Trump … Read more

Iran cuts off IAEA access under new law: reports

[ad_1] TEHRAN: Iranian President Masoud Pezeshkian put into effect on Wednesday a law passed by parliament last week to suspend cooperation with the UN nuclear watchdog, the IAEA, Iranian state media reported. Iran has threatened to halt cooperation with the IAEA, accusing it of siding with Western countries and providing a justification for Israel’s air … Read more

NEPRA cuts basic power tariff by Rs1.15/unit

[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has decided to reduce power tariff by Rs1.15 per unit, offering a big relief to consumers, using 100 to 500 units per month, according to a notification sent to the government for final approval and implementation. Nepra has issued its decision to reduce the basic price … Read more

Govt cuts profit rates for National Savings Schemes

[ad_1] Listen to article ISLAMABAD: The federal government has further reduced the profit rates on National Savings Schemes. According to the Central Directorate of National Savings (CDNS), profit rate on Defence Saving Certificates has been decreased by 15 basis points (bps), from 11.91 per cent to 11.76 per cent. The profit rate on Special Saving Certificates has … Read more

Valentino CEO calls in sick amid profit cuts

[ad_1] MILAN: Italian luxury brand Valentino said on Monday its Chief Executive Jacopo Venturini was currently on sick leave, responding to media reports of his imminent departure. A possible change of CEO would, if confirmed, pile further pressure on the high-end business which reported a decline in revenues and profit last year. Italian fashion blog … Read more

Harvard faces new federal cuts over Jewish rights

[ad_1] NEW YORK: The Trump administration on Monday accused Harvard of violating the civil rights of its Jewish and Israeli students and threatened to cut off all federal funding if the university does not take urgent action. Harvard has been at the forefront of Donald Trump’s campaign against top universities after it defied his calls … Read more

Norris cuts Piastri’s lead with one-two win in Austria

[ad_1] SPIELBERG: Lando Norris won the Austrian Grand Prix from pole position in a McLaren one-two on Sunday after fending off championship-leading team mate Oscar Piastri in an early wheel-to-wheel duel and then withstanding intense pressure to the end. The Briton’s third victory of the season cut Australian Piastri’s Formula One lead from 22 to … Read more

Trump cuts off US trade talks with Canada

[ad_1] Listen to article WASHINGTON: US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a “blatant attack” and that he would set a new tariff rate on Canadian goods within the next week. The move plunges US Canada relations back into chaos … Read more

Govt reverses tariff cuts on imports

[ad_1] Listen to article ISLAMABAD: The federal government has approved a partial reversal of its earlier decision to completely abolish or reduce regulatory duties on about 285 imported products in the next fiscal year, partially rolling back a move that had placed a dozen industries at a disadvantage. Previously, the government had planned to abolish or substantially … Read more