Author: i2wtc

Employees stand near an The Amazon Inc. logo is displayed above the reception counter at the company’s campus in Hyderabad, India, on Friday, Sept. 6, 2019.Bloomberg | Bloomberg | Getty ImagesAmazon on Wednesday committed to investing over $35 billion in India’s cloud and artificial intelligence space by 2030, as hyperscalers race to get a foothold in the market. The commitment, unveiled at the Amazon Smbhav Summit in New Delhi, builds on nearly $40 billion already invested in the country. In a press release, Amazon said the new funds will target AI-driven digitization, export growth and job creation, aligning with India’s national priorities…

Fuel prices to go up Rs2.56/litre as ECC tightens auto import rules, PIA gets bailout ISLAMABAD: The government on Tuesday banned the import of used cars under the baggage scheme and tightened restrictions for the other two schemes, including a minimum three-year stay abroad, restricting competition for foreign firms in breach of commitments made to the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, which tightened the conditions for car imports, also allowed the Power Division to add Rs522 billion to the flow of circular debt under the newly approved Circular Debt Management Plan 2025-26. The…

A Long March-3B carrier rocket carrying the Shiyan-22 satellite blasts off from the Xichang Satellite Launch Center in southwest China’s Sichuan Province, Dec. 9, 2025. The satellite was launched on Tuesday at 11:08 p.m. (Beijing Time) and entered its planned orbit as scheduled. The satellite will primarily support services including satellite communication, data transmission, and radio and television broadcasting, as well as conducting relevant technical tests and validations. (Photo by Li Zhiyong/Xinhua)CHENGDU, Dec. 9 (Xinhua) — China on Tuesday sent a new communication technology test satellite into space from the Xichang Satellite Launch Center in its southwestern Sichuan Province.The Shiyan-22…

Evacuee Trust Property Board Lahore. PHOTO: ETPB The Federal Constitutional Court has annulled the decision that classified the allotment of Evacuee Trust Property to the Punjab Education Department as a governmental dispute. The court has remanded the matter to the Lahore High Court for a fresh decision. Evacuee Trust Property Board was established in 1960 with its HQ in Lahore to look after the Evacuee Trust Properties / Land left over by the Sikhs/Hindus who migrated to India during partition in 1947-48. The ETPB states that its objectives are, “To supervise and control all Evacuee Trust Land / Property attached…

An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S.Kevin Dietsch | Getty Images News | Getty Images On Wednesday stateside, the U.S. Federal Reserve is widely expected to lower its benchmark interest rates by a quarter percentage point to a range of 3.5%-3.75%.However, given that traders are all but certain that the cut will happen — an 88.6% chance, to be exact, according to the CME FedWatch tool — the news…

President Donald Trump on Tuesday claimed to have “just heard” that all four of former President Joe Biden’s appointments to the Federal Reserve were approved by “autopen,” suggesting they are not authorized to serve in those roles.Trump provided no evidence for the claim, which piggybacks on his repeated assertion that all of his predecessor’s documents that were signed using an autopen are invalid.But he said he thinks it is “something we have to look into.” And he suggested that the list of autopen-signed appointees could include Fed Chair Jerome Powell, who has faced near-constant criticism from Trump over his handling…

Photo taken on May 23, 2025 shows European Union flags at the European Commission headquarters in Brussels, Belgium. U.S. President Donald Trump on Friday threatened a 50 percent tax on all imports from the European Union as well a 25 percent tariff on Apple products unless iPhones are made in the United States. (Xinhua/Zhao Dingzhe)The EU’s antitrust investigation against U.S. tech giants and the U.S. putting down the EU in its National Security Strategy expose a growing split in transatlantic relations.BRUSSELS, Dec. 9 (Xinhua) — From Europe’s sweeping crackdown on American big tech to a hard-edged new U.S. national security…

The Pakistan Stock Exchange (PSX) extended its record-breaking streak on Monday as the benchmark KSE-100 Index closed at a new all-time high of 169,456 points, up 1,153 points or 0.69%. During the session, the index touched an intra-day peak of 169,601 — coming within striking distance of the historic high of 169,989 set on October 3, 2025. “Strong momentum continued at PSX as the KSE-100 Index closed at a fresh all-time high,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. During the session, the benchmark touched an intra-day high of 169,601, just 387 points shy of the…

Microsoft CEO Satya Nadella appears at an event with tech CEOs and senior officials, including Indian Prime Minister Narendra Modi, in the East Room of the White House in Washington on June 22, 2023.Chris Kleponis | CNP | Bloomberg | Getty ImagesMicrosoft on Tuesday announced it would invest $17.5 billion in India’s cloud and artificial intelligence infrastructure, making it the U.S. tech giant’s largest investment in Asia. The company said that the investments, aimed at expanding hyperscale infrastructure, embedding AI into national platforms, and advancing workforce readiness, will be spread over 4 years, building on its $3 billion pledge made in…

Representatives from nearly 40 founding member states attend a meeting to launch the Group of Friends of Global Governance at the UN headquarters in New York, on Dec. 9, 2025. The Group of Friends of Global Governance was officially established at the UN headquarters in New York on Tuesday. (Xinhua/Zhang Fengguo)UNITED NATIONS, Dec. 9 (Xinhua) — The Group of Friends of Global Governance was officially established at the UN headquarters in New York on Tuesday.Representatives from nearly 40 founding member states of the group attended the launch meeting, which was chaired by Fu Cong, China’s permanent representative to the United…