The Trump administration has unveiled stringent measures to limit undocumented immigrants' access to taxpayer-funded education and healthcare, potentially saving $40 billion. Multiple federal departments are implementing this policy shift, reserving public benefits for US citizens and legal residents. White House spokeswoman Abigail Jackson announced a large-scale deportation operation, emphasizing the removal of criminal undocumented immigrants.
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Startup founders are shifting towards the Gulf region. Tax benefits and easy regulations attract them. Nations like UAE and Saudi Arabia are key destinations. Government support boosts growth in sectors like Fintech and AI. Long-term residency options are available. This shift creates a vibrant startup ecosystem. It offers access to capital and regional expansion.
Saudization is a government policy requiring private companies in Saudi Arabia to hire more Saudi nationals. It aims to reduce unemployment and build local talent, especially in the private sector. While expats face more competition in certain roles, skilled foreign professionals remain in demand. The policy is part of the broader Vision 2030 plan to diversify the economy and grow the local workforce.
Donald Trump wants Attorney General Pam Bondi to release credible Jeffrey Epstein files. This comes amid pressure from his MAGA supporters. Trump received a briefing on the Justice Department and FBI review. The review found no evidence of a client list. Bondi says she will stay as long as Trump wants her. Kash Patel was reportedly frustrated with Bondi.
Satoshi Nakamoto, Bitcoin's enigmatic creator, is now reportedly the 11th richest person globally, holding an estimated $128.92 billion in BTC. Despite this immense wealth and numerous investigations, Nakamoto's true identity remains a mystery, fueling ongoing speculation and intrigue. The legacy of Bitcoin's innovation continues to inspire, symbolized by a statue in Budapest celebrating decentralization and anonymity.
Emmanuel Macron visited London, leading to UK-France agreements. The nations agreed on migration controls, including a 'one in, one out' returns scheme. They pledged more Storm Shadow missiles for Ukraine and discussed a replacement system. Macron advocated for joint recognition of a Palestinian state, emphasizing the urgency of a ceasefire.
Torrential monsoon rains triggered devastating flash floods in a Himalayan valley between Nepal and China, resulting in at least one fatality and 17 missing individuals. A crucial bridge over the Bhotekoshi River, a vital link between the two nations, was destroyed. Rescue operations are underway, with nine people safely rescued in Rasuwa.
The United States Postal Service is increasing the price of first-class Forever stamps from 73 cents to 78 cents, along with other services, effective Sunday, July 13. This decision, confirmed by USPS, follows a review by the Postal Regulatory Commission and is part of the Delivering for America 10-year plan to support financial goals.
China's expanded visa-free policy, now encompassing 74 countries, has spurred a significant surge in foreign arrivals, more than doubling to over 20 million in 2024. This initiative, aimed at boosting tourism and the economy, has led to increased bookings for air travel and hotels, with tour companies experiencing substantial growth.
Donald Trump plans tariffs on goods from smaller nations. These include countries in Africa and the Caribbean. The tariff could be a little over 10 percent. New tariff rates will take effect on August 1. Trump will announce tariffs on pharmaceutical drugs by month's end. He had announced a trade agreement with Indonesia. This agreement reduces tariffs on Indonesian exports.
Yemen’s Houthi rebels struck the cargo ship Magic Seas in the Red Sea, marking their first maritime attack in months. The assault, involving missiles, drones, and explosive boats, forced the crew to abandon ship. The UAE swiftly rescued all 22 crew members, highlighting rising regional tensions amid the ongoing Israel-Gaza conflict and renewed threats to vital shipping routes.