In a record-breaking philanthropic commitment, Bill Gates promised to give 99% of his wealth, approximately $198 billion, to Africa in the next 20 years. Addressing the African Union headquarters in Addis Ababa, Ethiopia, Gates stated that this huge fund will be focused on addressing some of Africa’s most daunting issues, mainly in healthcare and education.This […]
Harvard University on Monday asked a federal judge to issue a summary judgment ordering the unfreezing of $2.5 billion in federal research funding that has been halted by the Trump administration, which Harvard says is illegal.The university contends that the freeze jeopardizes over 950 critical research projects, including those related to national security and public […]
Senator Joni Ernst (Image credits: AP) Republican senator Joni Ernst faced boos and groans from constituents during a tense town hall in Parkersburg, Iowa, on Friday after defending a Republican-backed spending and tax cut package, dubbed as “the big, beautiful bill” by US President Trump, which includes $700 billion in cuts, including significant reductions to […]
New York attorney general Letitia James (Image credits: AP) 16 states, mostly controlled by Democrats, filed a lawsuit against the Trump administration on Wednesday, asking a federal court to block major funding cuts and program changes at the National Science Foundation (NSF). The states argued that the moves threaten the United States’ leadership in science, […]
The US military spent $6 billion in the past 3 years to recruit and retain troops (Photo: AP) The US military spent more than $6 billion over the past three years to recruit and retain service members, in what has been a growing campaign to counter enlistment shortfalls.The financial incentives to reenlist in the Army, […]
Donald Trump may no longer be able to run again, but that hasn’t stopped him from dominating the political fundraising game. The US president has already raised at least $600 million for his political causes, with a goal of reaching $1 billion ahead of the midterm elections next year, according to sources quoted by the […]
President Donald Trump speaks in the Oval Office of the White House about Golden Dome (AP) President Donald Trump has unveiled an ambitious missile defense initiative named the “Golden Dome,” aimed at safeguarding the United States from advanced missile threats, including ballistic, cruise, and hypersonic missiles.Drawing inspiration from Israel’s Iron Dome, the Golden Dome is […]
US President Donald Trump’s administration has escalated its pressure on Harvard University, cutting another $450 million in federal grants on top of the $2.2 billion already frozen, reports CNN In a statement released on Tuesday, the White House’s Joint Task Force to Combat Anti-Semitism announced that “eight federal agencies across the government are announcing the […]
The International Monetary Fund (IMF) on Friday approved the immediate disbursement of $1 billion to Pakistan under the ongoing Extended Fund Facility (EFF), drawing sharp opposition from India, which warned the funds could be misused to support state-sponsored cross-border terrorism.The approval came during a board meeting in Washington, where the IMF also reviewed a proposed […]
Dubai International airport (File Photo AP) DUBAI: Long-haul carrier Emirates reported on Thursday that it earned annual profits of USD 5.2 billion, making it one of the world’s most-profitable airlines. The Dubai-based carrier served 53.7 million passengers out of its hub of Dubai International Airport, compared to 51.9 million passengers in the fiscal year prior. […]
