The Republican-led US Senate approved President Donald Trump’s mammoth domestic policy bill on Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt. Republican leaders had struggled to corral support during a record 24-hour “vote-a-rama” amendment session on the Senate floor, as Democrats offered dozens of challenges to the most divisive aspects of the package. But Senate Majority Leader John Thune was able to turn around wavering moderates to deliver a 50-50 vote, with Vice President JD Vance breaking the tie. The sprawling text now heads to the House of Representatives, where it faces unified Democratic opposition and multiple Republicans baulking at the budget-busting costs, as well as slashed health care and food aid programmes for poor Americans. Trump’s bill proposes a $4.5tr extension of his first-term tax cuts, contentiously offset with $1.2tr in savings mainly targeting the Medicaid health insurance programme, as well as fe...
The company offers crypto trading on the platforms that it manages, including the mixed-asset trading platforms Swissquote and Yuh. Swissquote, the online trading platform behind the crypto-friendly Yuh app, has been ordered by Swiss regulators to reduce the number of phishing and impersonation attempts targeting its platforms. More than 600 websites impersonating Swissquote platforms or attempting to defraud users through fraudulent login portals were discovered in the first half of 2025, according to Bloomberg. The Swiss Financial Market Supervisory Authority (FINMA) cited the Yuh platform, which also features crypto trading, as a major target of fraud campaigns perpetrated by scammers. Read more
ISLAMABAD: The Ministry of Maritime Affairs on Tuesday reduced charges for export and transshipment containers through the Port Qasim Authority by 50 percent, ARY News reported. According to a notification issued here, the revised charges are in effect from July 1, 2025. The decision aims to provide ‘relief’ to the trade sector and stimulate economic […]