Author: i2wtc
Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersElon Musk is looking to put “proper value” on his artificial intelligence startup xAI, sources told CNBC’s David Faber.The comments came during a call with xAI investors last week, sources familiar with the matter told Faber. While the Tesla CEO didn’t explicitly address an upcoming funding round, the sources interpreted the comments as a sign that xAI is getting set up for a significant capital raise in the near future.CNBC was unable to confirm that the company is actively…
US Secretary of Homeland Security Kristi Noem speaks at the Border Security Expo at the Phoenix Convention Center in Phoenix, Arizona, April 8, 2025. Rebecca Noble | Afp | Getty ImagesA thief stole Homeland Security Secretary Kristi Noem’s purse while she was dining at a restaurant in downtown Washington, D.C., on Sunday night, two law enforcement sources confirmed to CNBC.Noem’s bag contained roughly $3,000 in cash, which she had withdrawn to treat her family to dinner and Easter gifts and activities, a DHS spokesperson said Monday.The bag also contained Noem’s passport, makeup, blank checks, her driver’s license, keys and medication,…
A staff member introduces a monitor software applied for industrial production at a software company in Tianjin, north China, April 18, 2025. (Xinhua/Sun Fanyue)TIANJIN, April 21 (Xinhua) — In recent years, a batch of digital technology-based companies have fostered their development at a digital economy industrial park in north China’s Tianjin, injecting impetus into the high-quality development of local economy.A staff member shows a multi-language AI real-time translation system with transparent screen at Tianjin branch of iFLYTEK in Tianjin, north China, April 18, 2025. (Xinhua/Sun Fanyue)A staff member shows a millimeter-wave sign monitor which can be checked on cellphone at…
Listen to article Traders have announced a complete shutter-down strike on April 26 across the Khyber-Pakhtunkhwa (K-P) province in solidarity with the people of Palestine. The announcement was made by Senior Vice President of the Jamiat Business Forum, Mushtaq Ahmed Khalil, who stated that the strike will encompass the entire province, including the capital city, Peshawar. He confirmed that all major trader organisations have declared support for the move. A special meeting has been scheduled for April 24 in Peshawar to finalise preparations. According to Khalil, arrangements for a peaceful strike are already underway. He also highlighted that social media platforms are…
A day before Easter, Russian President Vladimir Putin announced a temporary ceasefire for the Christian holiday. Like other Russian promises, this one was broken too. Ukrainian media reported Russian drone attacks, shelling and firefights across the front lines. Ukrainian civilians were also targeted. This ceasefire that wasn’t came on the tail of another one: a 30-day ceasefire that was supposed to cover energy infrastructure. That was violated at least 30 times, per Ukrainian media reports. Throughout this time, United States President Donald Trump has continued to maintain that peace could be achieved. Even after his own Secretary of State Marco…
Pope Francis, the first Latin American pontiff in the history of the Roman Catholic Church, has died aged 88, the Vatican says. His death on Monday came shortly after a bout of double pneumonia that kept him hospitalised for five weeks at Rome’s Gemelli Hospital. Just a day earlier, the pontiff made what would be his final major appearance as he greeted thousands of Easter worshippers from an open-top Popemobile in St Peter’s Square and delivered a blessing through an aide. The death of the 266th pope prompted tributes from across the world: Italy Prime Minister Giorgia Meloni mourned the…
An aerial drone photo shows visitors enjoying the cityscape at The Stage, a new observation deck atop White Magnolia Plaza in Shanghai, east China, April 14, 2025. (Xinhua/Liu Ying)BEIJING, April 21 (Xinhua) — China will take more steps to further facilitate cross-border financial services in Shanghai by leveraging the municipality’s role as an international financial center, according to a plan jointly issued by the central bank, the Shanghai municipal government and other financial authorities.The plan outlines 18 key measures including improving cross-border settlement efficiency, strengthening the hedging of foreign exchange risks, and enhancing the insurance sector’s services for export companies.China…
Listen to article China issued a stern warning on Monday, cautioning countries against forging trade deals with the United States that undermine Beijing’s economic interests, amid intensifying tensions in the ongoing US-China tariff war. In a statement from its Commerce Ministry, China vowed to take “resolute and reciprocal countermeasures” if any nation enters agreements with the US that compromise Chinese interests. The warning follows reports that the Trump administration is pressuring allies to limit trade with China in exchange for tariff exemptions. “Appeasement will not bring peace, and compromise will not earn respect,” a ministry spokesperson said, labelling such tactics as “selfish”…
Suleiman Khalil was harvesting olives in a Syrian orchard with two friends four months ago, unaware the soil beneath them still hid deadly remnants of war. The trio suddenly noticed a mine lying on the ground. Panicked, Khalil and his friends tried to leave, but he stepped on a hidden mine that exploded. Terrified, his friends ran to find an ambulance, but Khalil, 21, thought they had abandoned him. Khalil’s left leg was badly wounded in the initial explosion. His right leg was blown off from above the knee in a second blast. He used his shirt as a tourniquet on…
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025.Jamie Kelter Davis | Bloomberg | Getty ImagesPresident Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately. “‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.Trump claimed that there is currently “virtually No Inflation” in the U.S., and that costs for energy and “most…