billion – Page 8

IMF approves $1 billion disbursement to Pakistan despite India’s warning over terror funding

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 […]

Long-haul carrier Emirates reports record annual profit of $5.2 billion

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. […]

17 states sue Trump administration over withholding $3.3 billion Electric Vehicle infrastructure money

Seventeen US states are taking legal action against President Donald Trump’s administration, accusing it of unlawfully withholding billions of dollars meant for building electric vehicle (EV) charging infrastructure, reported AFP.The lawsuit, announced on Wednesday, claims the federal government has no authority to stop states from using funds already allocated by Congress. The funding — $5 […]

US cracks down on North Korea-linked Cambodian firm behind $4 Billion romance scam ring

Representative Image (Denny generated AI Image) A North Korea-linked Cambodian organisation has fraudulently obtained billions of dollars from US citizens through romance scams and cyber theft since August 2021, according to federal authorities’ Thursday announcement of enforcement measures.Huione Group, an online marketplace, has facilitated North Korean and other criminal organisations in defrauding people through social […]

‘Unlawful’: Harvard University files lawsuit to halt $2.2 billion funding freeze by Trump administration

The Trump administration has been engaged in an escalating back-and-forth with the university over its refusal to heed the White House’s demands in exchange for federal funding Harvard University announced on Monday it has filed a lawsuit to stop the administration of US President Donald Trump from blocking its federal funding of more than $2.2 […]

Canada elections 2025: Mark Carney’s Liberals outline $130 billion spending on defence, housing, tax cuts

Canada PM and Liberal Party leader Mark Carney Canada’s prime minister Mark Carney on Saturday unveiled the Liberal Party’s “platform” (election manifesto) for the federal election scheduled for April 28. Also Read | Canada elections 2025 explained: Who’s running, who can vote, what to watch and why it matters“In a crisis, you need a plan. […]

‘A disgrace’: Donald Trump targets Harvard university amid $2.2 billion funding freeze

Trump calls Harvard University ‘a disgrace’ US President Donald Trump intensified his administration’s ongoing clash with Harvard University on Thursday, labeling the Ivy League institution “a disgrace” as federal agencies take unprecedented steps against its funding, tax status, and ability to host international students.Speaking to reporters outside the White House, Trump delivered a scathing rebuke […]

Watch: Donald Trump accused of market manipulation after ‘friends make $2.5 billion and $900 million’

Trump took a U-turn on tariffs, putting a pause for 90 days. On Wednesday morning, US markets fluctuated until Donald Trump posted on Truth Social, advising it was an optimal time to purchase stocks. Approximately four hours later, he announced a 90-day tariff suspension, resulting in significant market gains.Criticism poured in after White House aide […]

The International Monetary Fund reaches a deal with Argentina on a $20 billion bailout

The International Monetary Fund on Tuesday said it has reached a preliminary agreement with Argentina on a $20 billion bailout, providing a welcome reprieve to President Javier Milei as he seeks to overturn the country’s old economic order. As a staff-level agreement, the rescue package still requires final approval from the IMF’s executive board, which […]

Cornell in the crosshairs: Trump freezes $1 billion over campus antisemitism probe

Cornell University (NYT photo) In a sweeping move aimed at enforcing anti-discrimination laws on college campuses, the Trump administration has frozen over $1 billion in federal funding to Cornell University and $790 million to Northwestern University, citing ongoing civil rights investigations. “The money was frozen in connection with several ongoing, credible, and concerning Title VI […]