Donald Trump claims that the economy will grow as a result of his extensive tax cuts. However, some claim that the bill will cause more money to be owed.
President Donald Trump’s signature policy bill, known as the “One Big Beautiful Bill Act,” would lower taxes and largely benefit the wealthiest Americans.
Federal spending would be slashed, including those related to student loans, food stamps, and Medicaid, to pay for it. Supporters claim that the bill will create jobs and spur economic growth.
Millions of Americans would be paying the price, claim critics, including some Republicans. The bill’s non-partisan Congressional Budget Office predicts that the debt will total an estimated $3.3 trillion over the course of ten years.
Why was the US tech industry’s digital tax eliminated in Canada?
China asserts that it should be involved in the selection process for Tibetan spiritual leaders.
Tibetan Buddhists will have a new spiritual leader, according to the Dalai Lama.
Attention has turned to the delicate subject of his successor as the Nobel Peace Prize laureate approaches 90 years old.
Each Dalai Lama is regarded as a “Living Buddha.” The current one fled to India in 1959 after a failed revolt against Tibetan Communists, and he claims his followers there might be able to find him again.
The Dalai Lama’s veto of his own reincarnation is supported by the United States, who Beijing views as separatist and insists it is a veto.
How will religion and regional politics be weighed against each other in the selection process?
What are the chances of having two Dalai Lamas if it doesn’t work?
Presenter: Adrian Finighan
Guests:
Robbie Barnett is a professor at SOAS University of London and a writer and researcher on contemporary Tibetan-Chinese history and politics.
Andy Mok, Senior Researcher at the Center for China and Globalization, is a geopolitical analyst and researcher.
Vladimir Putin, the president of Russia, has assured Donald Trump that Moscow will continue to work toward eradicating the “root causes” of the Ukrainian conflict.
Russian President Yuri Ushakov said to reporters, “Russia will not back down,” despite the fact that Putin had also indicated in his one-hour phone call with Trump that he was “ready to seek a political and negotiated solution to the conflict.”
The Kremlin’s claim that it was forced to invade Ukraine in full-fledged form in 2022 to stop it from joining NATO and being used by the West as a launchpad to attack Russia is shorthand, supported in part by Trump, is known as “root causes,” but rejected by Kyiv and its allies.
The Pentagon reaffirmed that some deliveries of weapons to Kyiv, including precision-guided artillery and air defense missiles, would be stopped, prompting them to make the sixth phone call since Trump began his second term in January. Under President Joe Biden’s leadership, they were promised. Russia’s increased attacks on Ukraine have prompted the announcement.
According to the Kremlin aide, Trump and Putin did not discuss the halted weapons deliveries, saying that the US president had raised the issue of putting an end to the war quickly.
The two leaders agreed to continue speaking even though it was not discussed.
Trump has attempted to mediate the conflict in Ukraine, but he hasn’t made much progress. There was nothing in the Kremlin readout that suggested any change in Putin’s position, despite the fact that he has so far rejected Washington’s request for an unconditional ceasefire. The proposal was approved by Ukraine.
Ushakov argued that any peace negotiations between Moscow and Kyiv needed to take place even though Russia was ready to talk to the US.
In response to some indications that Moscow is attempting to avoid holding any peace negotiations in a trilateral format, he made the comment. Russian negotiators allegedly demanded US diplomats leave the room during an early-June meeting in Istanbul, according to Ukrainian officials.
The last time Putin and Trump spoke on were in mid-June, when Putin offered to serve as the media for the recent 12-day Iran-Israel conflict. Trump responded to Putin’s request by shifting Ukraine’s attention, saying, “No, I don’t need assistance with Iran.” I need assistance with you.
According to Ushakov, Putin stressed the need to resolve all “dissartions, and conflict situations” involving Iran during Thursday’s call.
Last month, the US launched a three-site bombing of Iran’s nuclear facilities, which Moscow deemed to be unprovoked and illegal.
Volodymyr Zelenskyy, the president of Ukraine, met with leaders of the European Union in Denmark earlier on Thursday, stressing the need to “strengthen our cooperation and coordination through the EU, NATO, and also in our direct relations.”
Trump has in essence resisted Ukraine’s attempts to join NATO militarily.
“Genocide is profitable for some,” he said. A shocking report from UN Special Rapporteur Francesca Albanese accuses major corporations of profiting from Israel’s occupation of Palestinian territory and the genocide there.
Who: Chelsea vs Palmeiras What: FIFA Club World Cup quarterfinals Where: Lincoln Financial Field, Philadelphia, Pennsylvania, United States When: Friday, July 4 at 9pm (01:00 GMT, July 5)
How to follow: We’ll have all the build-up on Al Jazeera Sport from 6pm local (22:00 GMT) in advance of our live text commentary stream.
The second quarterfinal of the 2025 FIFA Club World Cup pits English Premier League club Chelsea against Brazil’s Palmeiras.
Al Jazeera Sport takes a look at whether the match-up is a repeat of the 2021 final, which the Blues won 2-1 in the United Arab Emirates.
How did Chelsea reach the quarterfinals?
Chelsea picked up wins against Los Angeles and ES Tunis in the group stage to seal their qualification for the knockout rounds, although they did slip to a 3-1 defeat to another Brazilian club, Flamengo, to concede the top spot.
That handed the Blues a tricky all-European round of 16 tie against Benfica, which required extra time for the London-based club to progress with a 4-1 win.
A two-hour delay, with Chelsea leading 1-0 with four minutes of normal time to play, for nearby lightning was far from ideal in what has already proved a draining summer tournament.
Chelsea’s Christopher Nkunku celebrates scoring their second goal with teammates [Mike Segar/Reuters]
How did Palmeiras reach the quarterfinals?
Two draws, against Corinthians and Porto, and a final match win against Al Ahly were enough for Palmeiras to progress to the last 16 of the tournament.
The cost of finishing second in the group, behind Porto, meant an all-Brazilian tie with Botafogo in the first knockout round.
Former Tottenham Hotspur midfielder Paulinho came off the bench to score the only goal of the game in extra time to send Palmeiras through.
Who could Chelsea and Palmeiras face in the semifinals?
The winners of the first quarterfinal between Brazil’s Fluminense and Saudi Arabia’s Al Hilal, played earlier in the day, await the winners of the second last-eight tie.
Botafogo’s John looks dejected after Palmeiras’ Paulinho scores their first goal [Lee Smith/Reuters]
Who completes the Club World Cup quarterfinal lineup?
Paris Saint-Germain against Bayern Munich and Real Madrid against Borussia Dortmund complete the quarterfinal lineup, with the winners of those ties facing each other in the semifinals.
Can Joao Pedro play for Chelsea at the CWC?
Yes. Chelsea signed forward Joao Pedro from Brighton & Hove Albion on Wednesday and could make his debut for the London-based club in the quarterfinals.
Financial details were not disclosed, but British media reported that the deal was worth 60 million pounds ($81.54m).
“Everyone knows this is a big club with a great history,” the Brazilian, who has signed an eight-year contract, said in a statement.
“They had brilliant players in the past and have brilliant players now. So I am excited to join, and you know when you are a Chelsea player you must think one thing – win.”
The 23-year-old joined Brighton from Watford in 2023 and has scored 30 goals and provided 10 assists in 70 appearances for the south-coast club.
He has also made three appearances for Brazil’s senior team.
Joao Pedro in action for Brighton and Hove Albion against Chelsea’s Cole Palmer and Enzo Fernandez in the last English Premier League season [Paul Childs/Reuters]
Chelsea captain Reece James’s pre-match thoughts
“We’ve come a long way. It was difficult to be so close to the end of the match and then have a kick in the teeth like that when we lost a late goal. We had to pick ourselves up and brush ourselves down – and to then score a few goals in extra time after the delay probably shows how far we’ve come, and everyone has played a part.”
Palmeiras coach Abel Ferreira’s pre-match thoughts
“Never give up, never give in. All the time, we work for this. I would like to say thank you to my players for all their efforts. We had an amazing game against Botafogo. When we needed to suffer, we suffered together with one player less. We deserved it because we work a lot.”
Next up: #FIFACWC Quarter-Finals. 🔜 pic.twitter.com/T49Cj3bOOy
Chelsea team news
Chelsea welcome back striker Nicolas Jackson after a two-game ban for his sending off in the defeat by Flamengo.
Moises Caicedo, however, sits out the tie after picking up a yellow card in the win against Benfica.
Palmeiras team news
Paulinho is set to have surgery on his leg after the tournament, so, despite his winning goal in the last round, the midfielder is set to remain among the substitutes.
Palmeiras will also be without the services of the suspended Uruguayan Joaquin Piquerez.
Estevao, who is set to join Chelsea following the finals, will, however, be able to play.
Head-to-head
This is only the second meeting between the sides following Chelsea’s 2-1 win in the 2021 Club World Cup final.
Romelu Lukaku and Kai Havertz scored for the Blues, either side of Raphael Veiga’s 64th-minute penalty, to settle the match that went to extra time. Luan was sent off for Palmeiras for a second yellow card in the final minute of the match.
Chelsea’s Cesar Azpilicueta lifts the trophy as they celebrate winning the 2021 Club World Cup [Matthew Childs/Reuters]
Form guide – Chelsea’s last five games:
W-W-L-W-W
Form guide – Palmeira’s last five games:
D-D-W-D-W
Chelsea possible starting lineup:
Sanchez; James (c), Badiashile, Colwill, Cucurella; Essugo, Lavia; Palmer, Fernandez, Pedro Neto; Jackson
Despite President Donald Trump’s policies’ policies and the uncertainty surrounding the economy, the US economy added 147, 000 jobs in June, beating analyst expectations.
On Thursday, the Labor Department released the figures. The unemployment rate decreased from May by 0.1 percentage points to 4.1 percent, according to the data, which was released a day early because the Independence Day holiday falls on Friday. Last month, the average workweek was shorter, suggesting that as a result of weakening the economy’s prevailing economic conditions, businesses were probably cutting back on their hours.
The state and local government positions were the most successful, adding 73, 000 new positions in June. State governments added 47, 000 jobs, led by 40, 000 in education. 23 000 more local government jobs were created. The federal level is still experiencing a decline, losing 7, 000 jobs, or 69, 000 of those jobs since January.
The healthcare industry added 39, 000 jobs to the government sector, which gained. 19 000 new jobs were added to the field of social assistance.
According to Sarah House, a senior economist with Wells Fargo, “it was a good report on the internet,” the Associated Press reported.
However, when you dig deeper, it appears to be another jobs report that isn’t as good as it appears. ‘
Little has changed in the private sector in terms of hiring, despite Trump’s tariffs and immigration policies, including those in the fields of construction, mining, oil and gas extraction, wholesale and retail trade, transportation, financial services, professional and business services, and leisure and hospitality.
Businesses have become confused and hesitant to make hiring and investment decisions as a result of Trump’s constant changes in tariff policy, which include announcing and suspending import taxes before introducing new ones.
Although layoffs have begun, they are still relatively low. According to the Labor Department’s weekly report on jobless claims, which was released on Thursday, claims decreased by 4, 000 to 233, 000. 33, 000 jobs lost in total, according to the ADP private payroll report released on Wednesday.
Job losses were caused by “though layoffs continue to be uncommon,” according to Nela Richardson, ADP’s chief economist. “Though layoffs continue to be rare, a reluctance to hire and a reluctance to replace departing workers.”
Average hourly wages increased by 0.2% from May to 3.7% from the same period last year, according to Thursday’s jobs report.
The inflation target of 2 percent is being met as the year-over-year rate approaches the 3.5% average.
Jobs numbers have outperformed market expectations for the fourth month in a row, according to White House Press Secretary Karoline Leavitt, who released a statement.
She cited Republican legislation to lower taxes, food assistance, and the Medicaid health insurance program as examples of how the economy is expanding and that the implementation of the One, Big, Beautiful Bill will help.
Growth slowdown
The US job market has cooled significantly over the past year despite the White House’s portrayal. Employers added 130, 000 jobs on average each month this year, down from 186, 000 on average in 2024. The US economy added 400, 000 jobs on average every month between 2021 and 2023 as a result of the COVID-19 pandemic.
The US economy is contracting, according to other data. The US economy contracted by 0.5% in the first quarter, according to a report released last week from the Department of Commerce.
The number of people seeking and working for a living decreased by 130, 000 last month from 625, 000 in May. The fear of Trump’s immigration deportations would have forced foreign workers to leave the workforce, according to economists.
According to the Labor Department, there were 637, 000 more employees last month who said they no longer believed there were jobs available for them.
In the second half of the year, Wells Fargo anticipated that monthly employment growth would be below 100,000. We’re anticipating a much slower rate of job growth, according to House. There is still a lot of uncertainty regarding the policy.
