• The People's Liberation Army Navy aircraft carrier Shandong, China's first domestically built aircraft carrier, sails into Hong Kong for a five-day visit, in Hong Kong, China, July 3, 2025. REUTERS / Lam Yik REFILE - QUALITY REPEAT TPX IMAGES OF THE DAY
    The People's Liberation Army Navy aircraft carrier Shandong, China's first domestically built aircraft carrier, sails into Hong Kong for a five-day visit, in Hong Kong, China, July 3, 2025. REUTERS / Lam Yik REFILE - QUALITY REPEAT TPX IMAGES OF THE DAY
  • Poland's President Andrzej Duda arrives at the St Damasus courtyard on his way to a private meeting with Pope Leo XIV, at The Vatican. AP
    Poland's President Andrzej Duda arrives at the St Damasus courtyard on his way to a private meeting with Pope Leo XIV, at The Vatican. AP
  • A waiter carries food at Ravi restaurant in Satwa, Dubai, UAE. AP
    A waiter carries food at Ravi restaurant in Satwa, Dubai, UAE. AP
  • Firefighters try to extinguish a wildfire near Ierapetra, on the island of Crete, Greece. Reuters
    Firefighters try to extinguish a wildfire near Ierapetra, on the island of Crete, Greece. Reuters
  • Palestinians inspect the damage at a school sheltering displaced people, following an overnight Israeli air strike, in Gaza city. Reuters
    Palestinians inspect the damage at a school sheltering displaced people, following an overnight Israeli air strike, in Gaza city. Reuters
  • People jump into the Canal Saint-Martin on a sunny and warm summer day in Paris. Reuters
    People jump into the Canal Saint-Martin on a sunny and warm summer day in Paris. Reuters
  • A woman walks by a temporary shopping pavilion decorated with giant sequins in Moscow. AP
    A woman walks by a temporary shopping pavilion decorated with giant sequins in Moscow. AP
  • Murat Kazgan and Will Chope during a bare-knuckle boxing match at Istanbul, Turkey. Reuters
    Murat Kazgan and Will Chope during a bare-knuckle boxing match at Istanbul, Turkey. Reuters

Best photos of July 3: Chinese aircraft carrier to bare-knuckle boxing in Turkey


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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

India squads

Test squad against Afghanistan: Rahane (c), Dhawan, Vijay, Rahul, Pujara, Karun, Saha, Ashwin, Jadeja, Kuldeep, Umesh, Shami, Pandya, Ishant, Thakur.

T20 squad against Ireland and England: Kohli (c), Dhawan, Rohit, Rahul, Raina, Pandey, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh.

ODI squad against England: Kohli (c), Dhawan, Rohit, Rahul, Shreyas, Rayudu, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh

The specs: 2019 GMC Yukon Denali

Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm​​​​​​​
​​​​​​​Fuel economy, combined: 12.9L / 100km

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

Updated: July 03, 2025, 10:58 AM