Author: i2wtc
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…
White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.”There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist policies have not stoked higher prices, despite warnings by many economists.The National Economic Council director pointed to a recent White House report, which found prices of imported goods fell between December and May.”My theory, as an economist, of why that is, is that Americans, because of…
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024.Justin Sullivan | Getty ImagesOver-inflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market.Annual home price growth in June was just 1.3%, down from 1.6% growth in May and the slowest rate in two years, according to ICE, a mortgage technology firm.Nearly one third of the largest 100 markets are now showing annual price declines of at least a full percentage point from recent highs, and the trend suggests more markets…
Listen to article Prime Minister Shehbaz Sharif said expanding Pakistan’s tax base and easing the burden on lower-income citizens were among the government’s top priorities as he reviewed the Federal Board of Revenue’s (FBR) ongoing digitisation and reform efforts. Chairing a high-level meeting on Monday, Sharif praised the launch of simplified Urdu-language tax returns and called for the establishment of a helpline to assist the public in filing returns. “In tax reforms, the focus should remain on the convenience of the common man,” he said. He directed authorities to ensure third-party validation for all FBR reforms to maintain transparency. The prime minister…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year.A supercluster is a large, complex computing network that’s designed to train advanced AI models and handle their workloads. “Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher,” Zuckerberg wrote in a Facebook post on Monday.…
Ultium Cells Spring Hill, TN. September 2022.Courtesy: Ultium Cells LLCUltium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells.GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be significantly cheaper than battery packs used in some EVs, in part because they don’t require expensive minerals like cobalt and nickel that are used in standard lithium-ion batteries.”This upgrade at Spring Hill will enable us to scale production of lower-cost LFP cell technologies…
Tourists visit Taoyangli historical and cultural block in Jingdezhen City, east China’s Jiangxi Province, July 13, 2025. Located in the heart of Jingdezhen, Taoyangli has successfully transformed from an old district into a thriving hub for cultural innovation and tourism in recent years. Today, it has become a must-visit destination for tourists. (Xinhua/Liu Jinhai)A tourist takes a break at Taoyangli historical and cultural block in Jingdezhen City, east China’s Jiangxi Province, July 13, 2025. Located in the heart of Jingdezhen, Taoyangli has successfully transformed from an old district into a thriving hub for cultural innovation and tourism in recent years.…
Listen to article ISLAMABAD: A senior International Monetary Fund (IMF) official said on Sunday that growth across the Middle East, North Africa (MENA) region and Pakistan was expected to strengthen in 2025 and beyond, despite “exceptional uncertainty” that could weigh on the global economic outlook. In a comprehensive guest lecture at the Sustainable Development Policy Institute (SDPI), IMF Resident Representative for Pakistan Mahir Binici, cautioned against elevated trade tensions, geopolitical fragmentation and weakening global cooperation. Binici, according to a press release issued here, reaffirmed the continued IMF support for Pakistan’s economic and climate reform agenda and underlined the urgent need for prudent…
Listen to article At least 28 people were killed in Israeli attacks across Gaza on Monday, including two reportedly seeking aid, according to hospital sources. The Israeli military said its air force carried out more than 100 strikes on the enclave in the past 24 hours. Moreover, at least 360 medical personnel have been arrested by Israeli forces in Gaza since the start of the October 2023 invasion, Gaza’s Health Ministry said, warning that detainees are being held in “tragic and harsh conditions,” Al Jazeera reports. The ministry said the arrests include doctors, further straining the territory’s overwhelmed health system and leaving thousands of…
Visitors take a boat ride among lotus flowers at Qingshan Park in Loudi City, central China’s Hunan Province, July 12, 2025. High temperature during the summer vacation has triggered new vitality of cooling economy across the country. (Photo by Wu Yonghua/Xinhua)A girl enjoys herself in water at a water world in Zaozhuang City, east China’s Shandong Province, July 12, 2025. High temperature during the summer vacation has triggered new vitality of cooling economy across the country. (Photo by Li Zhijun/Xinhua)A drone photo taken on July 12, 2025 shows visitors enjoying themselves at a seaside scenic spot in Rongcheng City, east…