Author: i2wtc

Listen to article Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari urged the people of India to avoid falling prey to disinformation and hate-mongering, stressing that it is easy for the current generation to talk about war. “I just want to tell the people of India that they must avoid disinformation and hate mongerers. It is easy for this generation to talk about war and tell you that every Pakistani is a terrorist, every Pakistani is your enemy; that is not true,” he appealed in an interview with Indian journalist Karan Thapar on Wednesday. Bilawal categorically rejected India’s claims of Pakistani involvement…

HYDERABAD: As the wrangle among the Sindh government’s civic agencies over sharing and utilisation of the betterment charges, collected from builders of commercial buildings lingers on, the National Accountability Bureau (NAB) has yet again summoned the concerned officers. A team of NAB led by Additional Director Fayaz Hussain Abbasi will visit Hyderabad from July 9 to 11 during which the officers of the concerned departments will be grilled while the team will also visit their offices. In this regard the bureau’s Deputy Director Coordination Sanaullah wrote a letter on July 3 to Sindh Building Control Authority (SBCA), Hyderabad Municipal Corporation…

Copper wires at a recycling facility in Salt Lake City, Utah, US, on Thursday, May 8, 2025. Niki Chan Wylie | Bloomberg | Getty ImagesU.S. President Donald Trump said Thursday that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.The decision was made after he received a national security assessment, Trump said in a post on Truth Social.”I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote.”Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile…

Listen to article KARACHI: The Pakistan Stock Exchange (PSX) closed lower by 826 points, or 0.62%, on Wednesday as investors booked profits following a choppy session. The market saw an intra-day high of 133,566 points before sliding to a low of 132,326 and settling at 132,577. Weakness in heavyweight stocks brought the index down by 397 points, although trading activity remained robust with 906 million shares changing hands. In its market review, Topline Securities remarked that the KSE-100 index closed the session at 132,577, shedding 826 points, or 0.62%. The market saw a phase of consolidation, fluctuating between an intra-day high of…

The logo of the cryptocurrency Bitcoin can be seen on a coin in front of a Bitcoin chart.Silas Stein | Picture Alliance | Getty ImagesBitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close.The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999.The flagship cryptocurrency has been trading in a tight range for several weeks despite billions of dollars flowing…

Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty ImagesShares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company.The Italian company known for its circular hazelnut chocolates could finalize an acquisition of the legacy breakfast foods business as soon as this week, The Wall Street Journal reported, citing people familiar with the matter.WK Kellogg, which makes U.S. childhood staples such as Froot Loops and Frosted…

An aerial drone photo shows an exterior view of the venue for the 11th Nishan Forum on World Civilizations in Qufu, east China’s Shandong Province, July 9, 2025. (Xinhua/Zhu Zheng)JINAN, July 9 (Xinhua) — Scholars and experts from around the world convened Wednesday in Nishan, Shandong Province, for two days of dialogue and cultural exchange, aiming to deepen mutual understanding among civilizations and explore shared solutions for global development.The Nishan Forum on World Civilizations has drawn more than 560 guests from over 70 countries to this historic site, where Confucius, the esteemed philosopher and educator, was born in 551 B.C.…

Listen to article State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday that the bank is preparing to launch a pilot project for a digital currency and is finalising legislation to regulate virtual assets, as the country ramps up efforts to modernise its financial system. Central banks globally are exploring the use of digital currencies as interest in blockchain-based payments grows. Pakistan’s move follows similar steps by regulators in China, India, Nigeria and several Gulf states to test or issue digital currencies through controlled pilot programmes. At the Reuters NEXT Asia summit in Singapore, Ahmad said Pakistan was “building up…

The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025.Julian Stratenschulte | Picture Alliance | Getty ImagesAmazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units that are used for artificial intelligence workloads.Nvidia’s GPUs, which have powered the generative AI boom, require massive amounts of energy. That means companies using the processors need additional equipment to cool them down.Amazon considered erecting data centers that could accommodate widespread liquid cooling to make the most…

U.S. President Donald Trump answers questions during a multilateral lunch with African leaders in the State Dining Room of the White House July 9, 2025 in Washington, DC. Win McNamee | Getty ImagesPresident Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports starting Aug. 1, partly in retaliation for the ongoing prosecution of the country’s former president, Jair Bolsonaro.Trump said in a letter that the new tariff — a massive jump from the 10% rate the U.S. imposed on Brazil in early April — is also a response to the “very unfair trade relationship” between…