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GOP Measure Blocks Pentagon Aid to Pakistan

The defense budget amendment would cut off funds to Pakistan amid an ongoing crackdown by the military establishment and its civilian allies.

The post New GOP Measure Would Bar Pentagon Assistance to Pakistan appeared first on The Intercept.

“UAE’s Al-Qemzi Secures F1H2O Podium as Andersson Dominates in France”

MACON: Team Abu Dhabi’s Thani Al-Qemzi produced a battling performance to claim a 44th career podium finish today as Jonas Andersson won the Grand Prix of France to extend his lead in the F1H2O World Championship. Andersson, the 2021 world champion, recorded a comfortable victory from Sharjah Team’s Ferdinand Zandbergen and Al-Qemzi in a race littered with dramatic moments on the Saone River in Macon.

Bernhard Langer, 65, sets new record with US Senior Open win

STEVENS POINT, Wisconsin: Bernhard Langer won the US Senior Open on Sunday at SentryWorld to break the PGA Tour Champions’ career victory record. Pushing his record as the oldest winner on the 50-and-over tour to 65 years, 10 months, 5 days, the German star broke a tie with Hale Irwin for the victory mark with No. 46. Seven strokes ahead on the back nine, Langer bogeyed the final three holes for 1-under 70 and a two-stroke victory over home-state favorite Steve Stricker on the tree-lined course with thick rough.

“Gooch’s Birdie on Final Hole Secures 3rd LIV Golf Title, Defeating DeChambeau”

SOTOGRANDE, Spain: Talor Gooch won his third LIV Golf League title of the year on Sunday when he made a curling 15-foot birdie putt on the 18th hole at Valderrama for a 4-under 67 and a one-shot victory over Bryson DeChambeau.

China’s industrial profits decline, worsening economic gloom

BEIJING: Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery.  The 18.8 percent year-on-year slump in profits came on top of the 20.6 percent contraction in January-April, and added to evidence of an economy that was losing steam on many fronts in May including retail sales, exports and property investment as the youth jobless rate scaled a fresh high of 20.8 percent. 

“Soft Dollar Boosts Appeal: Gold Prices Rise”

RIYADH: Gold climbed on Monday after a weaker dollar made bullion more attractive for overseas investors, although prices hovered close to three-month lows as traders assessed prospects of more interest rate hikes by the US Federal Reserve. Spot gold rose 0.3 percent to $1,926.19 per ounce by 8:38 a.m. Saudi time. US gold futures also gained 0.3 percent to $1,936.00. Bullion slumped nearly 2 percent in the previous week as hawkish comments from Fed officials signaled more rate hikes to tame sticky inflation.

“China’s May Industrial Output Up by 3.5%”

BEIJING: China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come.

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