Author: i2wtc

Listen to article BEIJEING: Five people were killed after a cable on a suspension bridge snapped in northwestern China’s Xinjiang region, causing them to fall off the bridge, state-run news agency Xinhua reported on Thursday. The incident, which took place at 6:18 p.m. on Wednesday in a sightseeing area in the Ili Kazakh Autonomous Prefecture, injured a further 24 people, Xinhua said. The scenic area has been closed while the incident is being investigated, Xinhua said. Videos circulating on social media, verified by Reuters, show a low-hanging suspension bridge tilted to one side with handrails made from cables dangling between the walkway…

Jakub Porzycki | Nurphoto | Getty ImagesThe crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans.President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital assets, CNBC has confirmed.The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Ether rose almost 5%, also retaking a one-week high.Crypto-linked stocks got a boost of energy as well. Coinbase gained 3%, Galaxy Digital advanced 6% and…

Cricketer Haider Ali was provisionally suspended by the Pakistan Cricket Board (PCB) on Thursday due to his involvement in an investigation being carried out by police in the UK, according to a statement. The PCB announced last month that Saud Shakeel would lead an 18-member Pakistan Shaheens squad to tour England from July 17 to August 6 for two three-day and three 50-over matches. Ali was a part of the squad. According to the statement, the PCB was informed about the investigation by the Greater Manchester Police regarding an incident that reportedly took place during the tour. The nature of…

President Donald Trump in the Oval Office of the White House in Washington, Aug. 6, 2025.Bonnie Cash/UPI/Bloomberg via Getty ImagesAfter months of policy pivots, delays and negotiations from President Donald Trump, dozens of key U.S. trading partners were hit Thursday with “reciprocal” tariffs on their exports to the country.”IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” Trump wrote on social media platform Truth Social.But even as the duties, which were updated just last week, kick in, much uncertainty remains.Below is a list of the latest tariffs, with the U.S administration stating that all other…

Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In June 2010, Bill Gates, Melinda French Gates and Warren Buffett started what could be described as the world’s most ambitious fundraising drive. After promising to give away the vast majority of their wealth, the trio asked their ultra-wealthy peers to pledge at least half of their assets to charity during their lifetimes or in their estates.In…

Listen to article President Donald Trump’s higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking US trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners. US Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT after weeks of suspense over Trump’s final tariff rates and frantic negotiations with major trading partners that sought to lower them. Goods loaded onto US-bound vessels and in transit before the midnight deadline can enter at lower prior tariff rates before October 5, according…

Sen. Elizabeth Warren, D-Mass., speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on President Donald Trump’s nominees to lead the National Economic Council, Consumer Financial Protection Bureau and Federal Housing Finance Agency, on Capitol Hill in Washington, Feb. 27, 2025.Annabelle Gordon | ReutersSenate Democrats, including Elizabeth Warren of Massachusetts, are asking Google and its YouTube unit whether discussions with lawyers for President Donald Trump have included the possibility of settling a censorship suit in exchange for potentially favorable treatment from the administration.In a letter sent Thursday to Google CEO Sundar Pichai and YouTube CEO Neal Mohan,…

Warner Bros. Discovery’s earnings got a boost from its film studios after a handful of box-office hits during the second quarter.The period from April though June saw the releases of “A Minecraft Movie,” “Sinners,” “Final Destination: Bloodlines” and “F1,” which together generated $2 billion in the global box office to date, the company said Thursday.WBD reported total revenue for the studios segment — which also includes distributing TV content — increased 55% during the quarter to $3.8 billion, with theatrical revenue up 38%, excluding the impact of foreign currency exchange, because of the higher box-office revenue.Adjusted earnings before interest, taxes,…

International World Games Association (IWGA) President Jose Perurena Lopez takes part in an interview in Chengdu, southwest China’s Sichuan Province, Aug. 5, 2025. (Xinhua/Li Bo)Chengdu has set a new benchmark for The World Games, hosting the largest and most inclusive edition in history with over 6,600 participants, 34 sports and groundbreaking innovations in sustainability and global broadcasting.CHENGDU, Aug. 7 (Xinhua) — Chengdu has “set a new standard in hosting,” said Jose Perurena, president of the International World Games Association (IWGA), as the southwestern Chinese city prepares to open the 12th edition of The World Games on Thursday.With 6,679 athletes and…

At least three passersby were killed and 14 were injured, including three police personnel on Thursday as a powerful improvised explosive device (IED) struck near a police vehicle in Wana Bazaar, South Waziristan.  The blast occurred near Shakai Stand, police officials confirmed, adding that unidentified assailants also opened fire following the incident. According to SHO Shakai, one civilian was initially reported dead and five others injured, including a police officer. The casualty count later rose as authorities provided updated figures. The injured have been shifted to Wana Headquarters Hospital, said District Police Officer Tahir Shah. Police have launched an investigation and…