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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

Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.
sport

Vingegaard Excited as Tour de France Approaches

BILBAO, SPAIN: Cycling’s Tour de France, with its caravan of teams, media, publicity and security, was visible everywhere around Bilbao on Thursday, as champion Jonas Vingegaard prepared to start the defense of his title. The 22 teams received a loud reception on their parade in downtown Bilbao. Starting in front of the landmark Guggenheim Museum with the tension tangible as riders warmed up beneath low hanging black clouds with the peculiar hills straddling the horizon. “I feel good, I feel ready, I’m where I want to be,” said Jumbo-Visma rider Vingegaard.
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. 
sport

Man United seals $69M deal for Chelsea midfielder Mason Mount

MANCHESTER, England: Manchester United have agreed to sign midfielder Mason Mount from Chelsea for £55 million ($69 million). The agreement was confirmed Thursday by two people with knowledge of the negotiations, which have been on-going since the end of the Premier League season. The people spoke on condition of anonymity because the deal has not been publicly announced. Mount will sign a five-year contract, with the option of a further 12 months.
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Jemaah Islamiyah confusion after Malaysia attack

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Hardline group launched wave of devastating attacks in Indonesia in the 2000s before regional governments cracked down.

Iran’s Raisi Criticized by Son of Ousted Shah | TOME

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PARIS: Iran’s former president Ebrahim Raisi, who died in a helicopter crash, is not worthy of condolences due to the rights abuses he is accused of overseeing, the son of the late Iranian shah said Monday. US-based Reza Pahlavi, whose father Mohammad Reza Pahlavi was ousted in the 1979 Islamic revolution and died in exile in 1980, warned the death of Raisi would not affect the policies of the Islamic republic at home or abroad.

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Iran’s Raisi Criticized by Son of Ousted Shah | TOME

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PARIS: Iran’s former president Ebrahim Raisi, who died in a helicopter crash, is not worthy of condolences due to the rights abuses he is accused of overseeing, the son of the late Iranian shah said Monday. US-based Reza Pahlavi, whose father Mohammad Reza Pahlavi was ousted in the 1979 Islamic revolution and died in exile in 1980, warned the death of Raisi would not affect the policies of the Islamic republic at home or abroad.

Jemaah Islamiyah confusion after Malaysia attack

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Hardline group launched wave of devastating attacks in Indonesia in the 2000s before regional governments cracked down.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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