The Group of Seven (G7) nations and the United States have reached a significant consensus to ease potential tax burdens on American and British companies. They’ve done this by backing a “side-by-side” system that offers exemptions from certain parts of the global corporate minimum tax framework, aiming to bring greater stability to the international tax system. This agreement, announced in a joint statement by Canada (which currently holds the rotating G7 presidency), follows the U.S. decision to withdraw Section 899 from a proposed tax and spending bill. This section, introduced earlier this year under an executive order by President Donald…
Author: Raja Zahid Khanzada
US President Donald Trump has once again come to the defense of Israeli Prime Minister Benjamin Netanyahu, denouncing the ongoing corruption trial against him as a politically motivated “witch hunt” that endangers critical regional negotiations and undermines US interests. In a strongly worded statement posted on his social media platform, Truth Social, Trump described it as “terrible” that Netanyahu, whom he lauded as a “war hero” and a “fabulous” prime minister, is being forced to attend court proceedings amid sensitive negotiations involving Hamas and Iran. “How is it possible that the prime minister of Israel can be forced to sit…
On Saturday evening, Serbian police clashed with anti-government protesters who were demanding snap elections and an end to President Aleksandar Vucic’s 12-year rule. Police deployed numerous officers in riot gear around government buildings, parliament, and nearby Pionirski Park, where throngs of Vucic’s supporters from across the country had gathered for a counter-protest. After the protest concluded around 10 p.m. (2000 GMT), some protesters, seeking to confront Vucic’s backers, began throwing bottles, rocks, and flares at the police. Law enforcement responded with force to disperse them in various locations across Belgrade’s city center. Protesters were heard shouting: “Keep the shields down,”…
The US Supreme Court has delivered a significant ruling that limits the power of federal judges to issue nationwide injunctions against government policies during legal challenges. This decision, in many respects, represents a victory for President Donald Trump, though perhaps not immediately for the very policy he seeks to enforce. An executive order signed by the Republican president on his first day back in office in January aimed to restrict birthright citizenship. This far-reaching plan was swiftly halted nationwide by three federal judges, who questioned its constitutionality through so-called “universal” injunctions. However, Friday’s Supreme Court ruling, while signaling a dramatic…
Portuguese football icon Cristiano Ronaldo has confirmed his decision to decline offers to participate in the Club World Cup. He cited the crucial need for adequate rest and preparation in anticipation of a highly demanding upcoming season. The 40-year-old, who recently extended his contract with Saudi Pro League side Al-Nassr for an additional two years, stated that this choice was made to ensure he maintains peak performance for both his club and country. “I had some offers to play in the World Cup, but I think it didn’t make sense because I prefer to have good rest, a good preparation,…
West Indies head coach Daren Sammy has been fined by the International Cricket Council (ICC) for his public criticism of third umpire Adrian Holdstock. This censure followed a series of contentious decisions during the first Test against Australia at Kensington Oval. In a statement released late Friday, the ICC confirmed that Sammy had violated Article 2.7 of its Code of Conduct for Players and Player Support Personnel. This article specifically addresses “public criticism of, or inappropriate comment in relation to an incident occurring in an international match or any player, player support personnel, match official or team.” The former West…
The National Disaster Management Authority (NDMA) has issued a high alert for potential heavy rainfall and flooding across several regions of Pakistan over the next 24 to 48 hours, urging both the public and local administrations to undertake urgent precautionary measures. According to an NDMA spokesperson, the combination of glacial melting and intense rainfall could trigger floods in Gilgit-Baltistan, Chitral, Upper Dir, Swat, and the Kumrat Valley. Specific high-risk areas in Gilgit-Baltistan include Badswat, Hanarchi, Tarsat, Hundur, and Darkot, where a rapid increase in water levels is anticipated due to Glacial Lake Outburst Floods (GLOFs). The authority has also forecast…
Chief of Army Staff (COAS) Field Marshal General Syed Asim Munir declared on Saturday that terrorists, their facilitators, and supporters will face indiscriminate pursuit and be brought to justice. According to details, General Asim Munir visited the Corps Headquarters in Peshawar, where he received a detailed briefing on the prevailing security situation and ongoing counter-terrorism operations. He also attended the funeral prayers for the fallen soldiers at Bannu Garrison, paying tribute to the unwavering bravery and resolve of the security forces. As per the Inter-Services Public Relations (ISPR), the army chief visited injured personnel at the Combined Military Hospital in…
The initial spell of the monsoon season has wreaked havoc in Karachi, laying bare the vulnerabilities of the city’s power supply, drainage, and traffic management systems. Days after heavy downpours drenched the metropolis, large parts of Karachi continue to grapple with extensive power outages, submerged roads, and hours-long traffic jams. On the third consecutive day since the rainfall commenced, over 350 K-Electric feeders remain non-functional, plunging several areas of Karachi into darkness. The utility’s struggle to manage monsoon challenges was evident as approximately 600 feeders tripped on the first day of rain, followed by 240 on the second. Despite the…
A moderate earthquake rattled several parts of Balochistan early Sunday morning, causing panic among residents, though no reports of casualties or property damage have emerged. The United States Geological Survey (USGS) recorded the tremor at a magnitude of 5.3 on the Richter scale, noting it struck around 3:30 AM (2230 GMT) with a shallow depth of 10 kilometers. The epicenter was located approximately 60 kilometers north-northeast of Barkhan in the rugged terrain of Balochistan province. Meanwhile, the German Research Centre for Geosciences (GFZ) estimated the magnitude at 5.5, while the Euro-Mediterranean Seismological Centre placed the epicenter 149 kilometers west of…
