Author: i2wtc
Air India, taken over by Tata Group in 2022, merged with Vistara—its joint venture with Singapore Airlines—last year. PHOTO: REUTERS NEW DELHI/HONG KONG: The closure of Pakistan’s airspace to Indian carriers has intensified Air India’s operational and financial woes, prompting the airline to lobby the Indian government to seek access to sensitive military airspace over China’s Xinjiang region, according to a company document reviewed by Reuters. The ban, in effect since late April amid diplomatic tensions, has forced longer detours on long-haul routes, increasing fuel costs by up to 29% and adding as much as three hours to journey times.…
Global tech stocks rallied Thursday as investors piled back into AI-related names, buoyed by Nvidia earnings. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance, giving investors the confidence they were looking for to continue placing bets on the AI industry. Shares were 5% higher in premarket trade.In Europe, Dutch semiconductor firms BESI and ASMI moved up over 3% and 2% in the first hours of trading, respectively. ASML, which makes critical equipment for semiconductors, gained 2.1%.Asia-listed stocks Samsung Electronics and Hon Hai Precision Industry, also known as Foxconn, climbed 3.5% and 3.3% higher, respectively. Stateside, investors flocked…
Shehbaz stresses that Pakistan can not afford another season of preventable disaster ISLAMABAD: With monsoon devastation now a yearly certainty, Prime Minister Shehbaz Sharif on Wednesday instructed federal and provincial authorities to launch early preparations for the 2026 season, ordering immediate implementation of the climate change ministry’s short-term resilience plan as winter settles across the country. Chairing a high-level meeting, the prime minister stressed that Pakistan could not afford another season of preventable disaster and asked all relevant institutions to integrate their planning, data, and response mechanisms. He approved the ministry’s short-term plan and instructed the Ministry of Climate Change,…
Nvidia reported strong earnings and forecasts Wednesday, in what analysts saw as a clear signal for continued spending on AI infrastructure. Less clear, however, is whether the results can dispel fears of an AI bubble in markets. Fears have grown in recent months that massive investment in AI by major tech companies could outpace realistic returns, leading some industry insiders and analysts to predict an AI bubble. While Nvidia ‘s earnings are widely viewed as an important gauge of the AI industry’s health, some analysts warn that its performance doesn’t tell the whole story. “I think a lot of people…
Security Review Commission submits report to Congress; Says Beijing’s systems helped counter Indian strikesPakistan’s J-10C. Photo: File ISLAMABAD: A report submitted to the US Congress by the US-China Economic and Security Review Commission has highlighted Pakistan’s “military success” during the four-day conflict with India in May 2025, crediting the outcome to the deployment of advanced Chinese weaponry. The commission, tasked with assessing national security implications of US-China trade and economic ties, delivered its findings to Congress on Tuesday. According to the document, “Pakistan’s military success over India in its four-day clash showcased Chinese weaponry,” noting that Beijing’s latest air-defence systems…
Shares in AI darling Nvidia popped in premarket trade after the U.S. firm beat expectations in third-quarter results after the closing bell on Wednesday. Shares were last trading 5.5% higher at 4:15 a.m. ET.Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance.”There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told investors on an earnings call, as the firm set out its view of the industry. “From our vantage point, we see something very different.”Quilter Cheviot’s Ben Barringer, who is the global head of technology research…
Sanae Takaichi (2nd R, front) attends the extraordinary session of the House of Representatives in Tokyo, Japan, Oct. 21, 2025. (Xinhua/Jia Haocheng)Eighty years have passed since the end of World War II, and many survivors remain alive today. As a defeated nation, Japan is obliged to abide by the post-war international order, reflect on its crimes, and actively uphold peace. Yet, the Japanese prime minister is repeating the same dangerous rhetoric. This inevitably begs the question: Is Japan bent on reviving its militarist past and subverting the postwar order?by Xin PingJapanese Prime Minister Sanae Takaichi publicly stated in the Diet…
Justice Jamal Mandokhail. ISLAMABAD: The Supreme Court has released Justice Jamal Mandokhail’s dissenting opinion in the reserved seats case, in which he rejected the majority ruling that had partially accepted several appeals. His 12-page judgment, uploaded to the court’s website, restates his earlier position granting 39 reserved seats while challenging the legality of the majority’s approach toward 41 others. Justice Mandokhail said the majority decision regarding the 41 seats was incorrect, arguing the court lacked the authority to declare those candidates independent. He wrote that no judicial forum, including the Supreme Court, can alter the political affiliation declared by any…
Jensen Huang, chief executive officer of Nvidia Corp., during a news conference on the sidelines of the APEC CEO Summit in Gyeongju, South Korea, on Friday, Oct. 31, 2025. SeongJoon Cho | Bloomberg | Getty Images Nvidia on Wednesday stateside reported fiscal third-quarter figures that beat analyst expectations (ironically, nothing unexpected there). It also provided guidance for sales in the current quarter that exceeded estimates (all good still). It was CEO Jensen Huang’s comment, however, that piqued more interest. “There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told investors on an earnings call. “From…
Soon Valley residents say life-saving treatment 60km away is costing them their health, savings KHUSHAB: Hundreds of kidney patients in Tehsil Nowshera are trapped in a worsening health crisis as the region continues to operate without a single dialysis centre. With no local treatment available, patients must endure a gruelling 60-kilometre journey along rough, mountainous roads to Khushab multiple times a week, an exhausting and risky ordeal that has become their only lifeline. Educationist Malik Usman Ghazi Awan told Express that the 60-kilometre stony and uneven route from Nowshera to Khushab is a severe test for any frail patient. Kidney…