China-aided landmine clearance project benefits over 2.6 mln Cambodians
A China-supported landmine elimination project has cleared more than 160 square kilometres of contaminated land in Cambodia since 2018, directly benef...
The U.S. Congressional Budget Office (CBO) has released its latest forecast on the budgetary and income distribution impacts of the tax reform bill dubbed “The Great Beautiful Bill,” approved on 22 May in the House of Representatives under President Donald Trump.
According to the CBO analysis, if the bill is enacted, average disposable income for U.S. households is expected to increase over the 2026–2034 period. However, this increase will not be evenly distributed across all income groups. Households in the lowest income bracket are projected to see a decrease in resources, while those in the middle and higher income brackets will experience income growth.
The analysis shows that the lowest 10% income group is expected to face an average annual decline of $1,589 (about 3.9%), whereas the highest 10% income group is projected to see an annual increase of $12,044, equivalent to roughly a 2.3% rise.
The CBO noted that the loss of resources among poorer households mainly stems from cuts to Medicaid and food assistance programs, while tax cuts drive income gains in the higher-income groups.
In a separate report, the CBO also forecasted that the bill would increase the federal budget deficit by $2.4 trillion through 2034.
The bill was passed in the House by a narrow margin of just one vote. Introduced by Republicans to implement the tax cuts promised during Trump’s election campaign, the bill passed with 215 votes in favour and 214 against, and has now been sent to the Senate.
The bill includes provisions to increase state and local tax deductions, eliminate taxes on tips and overtime pay, and extend the duration of tax cuts enacted in 2017.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
South Sudan and Israel have held talks on a plan to resettle Palestinians from war-torn Gaza in the African nation, three sources told Reuters, though Palestinian leaders have called the idea unacceptable.
Kyrgyzstan’s economy expanded by 11.5 percent in the first seven months of 2025, reaching 9.9 billion U.S. dollars, official data shows.
Astana, the capital of Kazakhstan, is set to become a meeting point for musicians from across the Asian continent as it prepares to host the first-ever Silk Way Star vocal competition this August. The announcement was made during a press conference at the Kazmedia Center.
The Washington Agreement between Armenia and Azerbaijan has sparked a mix of hope, doubt, and cautious realism among Armenians.
From factories to battery plants, Türkiye’s robotics surge is boosting output, quality, and global recognition.
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