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EU proposes changes to payments sector to support fintech growth

LONDON: The EU has proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash as fewer people use coins and notes, according to Reuters. The package of European Commission reforms seeks to further prise open a payments market long dominated by banks and US duo Visa and Mastercard, which are now being challenged by fintechs that offer rival services using data from customers’ bank accounts.
sport

Expert calls for implementation of report’s blueprint to address discrimination in English cricket

LONDON: Those in charge of cricket in England must implement guidelines laid out in a damning report into discrimination in the sport released this week if they are to properly tackle a lack of diversity, a leading sports lawyer has said. The England and Wales Cricket Board apologized “unreservedly” on Tuesday after the Independent Commission for Equity in Cricket released its evidence of racism, misogyny, and elitism being entrenched in the sport.
sport

Top NBA Free Agency Players to Watch: Draymond Green, Kyrie Irving

NEW YORK: Some of the players to watch in NBA free agency, which starts Friday evening: Kyrie Irving, Dallas This one will be interesting. Irving is one of the best players in the NBA. He also tends to be a challenge, and evidently got unhappy over time at his previous stops — Cleveland, Boston and Brooklyn. It seems unlikely that Irving will want a short-term deal, but there aren’t many teams that can afford him, either Fred VanVleet, Toronto
Business

Saudi Arabia unemployment rate Q1 2022 drops to 5.1%

RIYADH: Saudi Arabia’s jobs targets outlined in Vision 2023 have borne results, with its overall unemployment rate falling 0.9 percentage points to 5.1 percent in the first quarter of 2023 compared to the same period a year ago, official data showed.  According to the latest report by the General Authority for Statistics, the labor force participation of Saudis increased annually by 2.3 percentage points in the first quarter. The employment-to-population ratio also increased by 2.9 percentage points. 
News

“DeSantis Appointee Organizes Fundraiser in The Villages”

The $13,200-per-couple fundraiser yet again blends official state business and corporate influence with Ron DeSantis’s presidential campaign.

The post DeSantis State Government Appointee Holds DeSantis Fundraiser in The Villages appeared first on The Intercept.

sport

Biles set to make competitive comeback in August

LOS ANGELES: Gymnastics superstar Simone Biles is poised to compete in August for the first time since mental health and safety concerns cut short her Tokyo Olympics campaign, entering the August US Classic near Chicago. USA Gymnastics announced Wednesday that the four-time Olympic gold medalist was entered in the August 4-5 event, which would be her first since she withdrew from most of her events in Tokyo in 2021. “Registration...does not guarantee participation,” USA Gymnastics warned in the statement.
Business

UAE’s ADNOC Distribution Signs Deal with India’s HPCL

RIYADH: In a bid to expand its lubricant and allied products business in India, UAE’s ADNOC Distribution has inked a deal with Hindustan Petroleum Corp. Ltd.   HPCL is one of the largest lubricant marketers and fuel retailing companies in India, and with this deal ADNOC Distribution aims to tap into Asia’s second-largest economy, which has an annual demand of 3 billion liters of lubricants.   The deal will also give ADNOC access to a vast network of over 28,000 retail stations in the country, news agency WAM reported.  
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Iraqi Militant Group Claims Missile Attack on Tel Aviv, Source Confirms

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BAGHDAD: The Islamic Resistance in Iraq, a group of Iran-backed armed groups, launched multiple attacks on Israel using cruise missiles on Thursday, a source in the group said. The source told Reuters the attack was carried out with multiple Arqub-type cruise missiles and targeted the Israeli city of Tel Aviv for the first time. The Islamic Resistance in Iraq has claimed dozens of rockets and drone attacks on US forces in Iraq and Syria and on targets in Israel in the more than six months since the Israel-Hamas war erupted on Oct. 7.

AIPAC Intervening in Portland Congressional Race Against Susheela Jayapal, Sources Say

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The pro-Israel group is funneling money through a “pro-science” PAC, according to two members of Congress.

The post AIPAC Is Secretly Intervening in Portland’s Congressional Race to Take Down Susheela Jayapal, Sources Say appeared first on The Intercept.

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KFC Malaysia closes outlets amid Gaza boycott

Economy 0
Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

AIPAC Targets Rep. Jamaal Bowman | TOME

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The Israel lobby is expected to start a $20 million ad blitz backing its handpicked candidate against the incumbent Squad member.

The post AIPAC’s Next Top Target? Rep. Jamaal Bowman appeared first on The Intercept.

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KFC Malaysia closes outlets amid Gaza boycott

Economy 0
Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

New Generation of Organized Labor Rises in US

Economy 0
US experiencing the biggest strike wave in 50 years.

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