Author: i2wtc

U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty ImagesU.S. President Donald Trump’s proposed 100% tariffs on the import of semiconductors has brought major chip names into the spotlight.Questions linger about how these duties will be implemented: will they apply to the raw chip itself that is imported, or the end product, like a smartphone or laptop? And how much manufacturing needs to actually be done in the U.S.?Trump said that, if companies are “building in the…

ISLAMABAD: For the first time, Pakistan will be represented by its senior squash players at the 12th edition of the World Games to be held in Chengdu, China, with Nasir Iqbal and Noor Zaman set to compete in the championship. The duo, led by head coach Fahim Gul, marks Pakistan’s inaugural participation in the squash event at these global championships. The Pakistan Squash Federation (PSF) highlighted the significance of the World Games, describing it as a major international gathering of top athletes. “It is an honour to have Pakistan’s squash team participating in this mega event,” stated a PSF press…

This file photo shows a manned lunar lander during a trial at a test site in Huailai County, north China’s Hebei Province. China on Thursday announced that it has successfully completed a comprehensive test for the landing and takeoff of its manned lunar lander at a test site in Huailai County, Hebei Province. The test completed on Wednesday represents a key step in the development of China’s manned lunar exploration program, and it also marks the first time that China has carried out a test for extraterrestrial landing and takeoff of a manned spacecraft, said the China Manned Space Agency.…

ISLAMABAD: In a sharp response to Indian Prime Minister Narendra Modi’s reported resolve to retaliate militarily over any terrorist attacks, Pakistan’s military has warned that any Indian aggression would be met with decisive force — beginning with strikes deep inside India. In an interview with The Economist, Inter-Services Public Relations (ISPR) Director General Lieutenant General Ahmed Sharif Chaudhry rubbished rumours that Army Chief Field Marshal Asim Munir might be positioning himself for the presidency. When asked how Pakistan would react if India repeated any act of aggression, Lt Gen Chaudhry, the chief military spokesperson, warned that India must understand it…

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | ReutersIntel shares were under pressure Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 5% lower.Stock Chart IconStock chart iconINTC dropsTan was named as Intel CEO in March. This week, U.S. Republican Senator Tom…

The International Masters Cricket (IMC) Over 40s T20 Cricket World Cup has been rescheduled to November to avoid a clash with the National Games slated for December in Karachi, the Pakistan Veterans Cricket Association (PVCA) said on Thursday. The veteran’s cricket tournament was scheduled from Dec 1-13 and was being organised by PVCA. Last month, the Pakistan Cricket Board (PCB) had approved the use of Karachi’s National Stadium for 19 out of 56 matches. Meanwhile, Sindh Chief Minister Murad Ali Shah announced in May that Karachi would host the 35th National Games from December 6-13 after it was postponed from…

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Thursday said the highest dose of its daily obesity pill helped patients lose almost 12% of their body weight, or roughly 27 pounds, at 72 weeks in a late-stage trial, paving way for its entrance into the market.The pill’s weight loss was 11.2% when analyzing all patients regardless of discontinuations.Shares of the company fell more than 7% in premarket trading on Thursday.The data comes under what some Wall Street analysts were expecting for Eli…

Listen to article WASHINGTON: US President Donald Trump on Wednesday ordered steeper tariffs on Indian goods over New Delhi’s continued purchase of Russian oil, opening a new front in his trade wars just hours before another wave of duties takes effect. An additional 25-percent tariff on Indian goods, set to come into place in three weeks, stacks atop a separate 25-percent duty entering into force Thursday, taking the level to 50 percent for many products. Trump’s order also threatens penalties on other countries who “directly or indirectly” import Russian oil, a key revenue source for Moscow’s war in Ukraine. Exemptions remain however…

A Burger King restaurant with the slogan ”Flame Grilling Since 1954” is seen in Vienna, Austria, on June 7, 2025. Michael Nguyen | NurPhoto | Getty ImagesRestaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons.Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 94 cents adjusted vs. 97 cents expectedRevenue: $2.41 billion vs. $2.32 billion expectedRestaurant Brands reported second-quarter net income attributable to shareholders of $189…

ISLAMABAD: Eighteen members of the National Assembly (MNAs), recently reinstated to reserved seats, are now awaiting the release of their salaries accumulated during their year-long suspension. The National Assembly Secretariat is facing uncertainty over whether the reinstated lawmakers are entitled to receive salaries for the period they were de-notified. The secretariat has sought advice from the Finance Department on the matter, and a final decision is expected during the ongoing NA session following approval from the speaker. As of January 2025, the monthly salary for an MNA stands at Rs730,000. If the pending payments are approved, each of the 18…