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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.
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.
Business

Turkey to increase central bank’s foreign reserves to counter lira depreciation

RIYADH: Turkiye is intensifying efforts to boost foreign reserves in its central bank, the country’s finance minister has revealed. Writing on Twitter, Mehmet Simsek said the bank’s net international reserves rose to a record $8.5 billion last week. “The return to rational policies will continue gradually,” the minister wrote, adding: “We are accelerating our efforts to obtain additional foreign resources to our country in order to further strengthen the reserves.”
sport

Smith dominates 200m backstroke, Weinstein stuns Ledecky in 200 freestyle

LOS ANGELES: Regan Smith, shaping up for a World Championships showdown with Australian Kaylee McKeown, clocked a blistering 2min 03.80sec to win the 200m backstroke at the US swimming championships on Wednesday. Smith, whose previous world record was broken by McKeown in March with a time of 2:03.14, showed again that her move to train with coach Bob Bowman — former mentor of Michael Phelps — — was paying off.
Business

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. 
Business

PIF’s Lifera partners with CENTOGENE for global omics diagnostics.

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public Investment Fund-owned Lifera announced a joint venture with CENTOGENE.  The biopharmaceutical company will be working with the German-based firm to provide multiomic testing services — a concept in biological research that aims to comprehensively characterize and quantify large numbers of molecules in complex samples.
sport

Yin Ruoning of China Wins Women’s PGA Championship

NEW YORK: China’s Yin Ruoning sank a 10-foot birdie putt on the final hole on Sunday to win the Women’s PGA Championship for her first major title. The 20-year-old from Shanghai fired a 4-under 67 to finish 72 holes at Baltusrol on 8-under 276 and defeat Japan’s Yuka Saso by one stroke. Yin took the $1.5 million top prize and became only the second woman from China to win a major title after Feng Shanshan, who captured the 2012 Women’s PGA crown.
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Yemen Aid Groups Issue Urgent Appeal for Funds

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Dubai: Nearly 200 aid groups appealed on Monday for funds to bridge a $2.3 billion shortfall in assistance for war-torn Yemen, warning of potentially “catastrophic consequences” for the Arabian Peninsula’s poorest country. A joint statement from 188 humanitarian organizations, including several UN agencies, warned that 18.2 million people — more than half the population — were in need of help after nine years of war.

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