billion – Page 7

Pakistan’s tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals

Pakistan’s tax exemptions to various sectors cost the country over $21 billion this year, more than the $17 billion it needs to repay in commercial and bilateral external debt, as revealed in the latest economic survey.Pakistan’s finance minister Muhammad Aurangzeb presented the Economic Survey of Pakistan 2024-25 on Monday, which outlines various economic developments and […]

Trump vs Musk: Public feud threatens $22 billion in SpaceX deals, competitors gain ground as rift escalates

SpaceX, left, and Elon Musk (Image credits: X @SpaceX) About $22 billion in government contracts held by SpaceX are now in jeopardy, with several US space programs potentially facing major disruptions following a heated public feud between the space company founder Elon Musk and US President Donald Trump on Thursday. Trump claimed that ending Musk’s […]

Bill Gates pledges $198 billion of his wealth to Africa for healthcare, education, and innovation | World News

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 battles $2.5 Billion US funding cut, cites risks to national security, public health research

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 […]

‘We all are going to die’: Senator Ernst booed at Town Hall over support for Trump’s $700 billion spending cuts

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 […]

16 states sue Trump over $1.4 billion in cuts to National Science Foundation grants

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 | World News

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, […]

After raising $600 million in political donations, Donald Trump eyes $1 billion war chest for midterms

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 […]

What Is Donald Trump’s $175 billion ‘Golden Dome’ missile defense plan

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 […]

After freezing $2.2 billion, Trump administration slashes $450 million more from Harvard’s federal funding

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 […]