Author: i2wtc

The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty ImagesEvery bear market has days like this.The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle of the dot-com crash.During the financial crisis in October 2008, the Nasdaq enjoyed two of its best five days ever. The other two came as the tech bubble was bursting. The index’s sixth-best day since its beginning in 1971 came on March 13, 2020, as the Covid pandemic…

Listen to article The Supreme Court of Pakistan has resumed hearings on a high-profile case that has challenged the legality of trying civilians in military courts, with judges raising serious concerns over due process and judicial independence. A seven-member constitutional bench, led by Justice Aminuddin Khan, was hearing petitions against the military trials of civilians arrested after violent protests. Justices Jamal Khan Mandokhail, Musarrat Hilali, Muhammad Ali Mazhar, Hasan Azhar Rizvi, Naeem Akhtar Afghan, and Shahid Bilal were also part of the bench. Justice Mandokhail questioned how an institution that has acted as a complainant can also preside over the trial. “How…

Charles tells Italy’s parliament that peace is ‘never to be taken for granted’ before a surprise visit to Pope Francis.Pope Francis met privately with King Charles III and Queen Camilla at the Vatican during the royal couple’s four-day state visit to Italy and on the occasion of their 20th wedding anniversary, the Vatican has announced. The British royals’ visit on Wednesday was the pope’s first known meeting since his return to the Vatican after five weeks in hospital for life-threatening double pneumonia. Francis had planned to have an audience with Charles, but the official state visit to the Vatican was…

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesApple shares skyrocketed 15% on Wednesday after President Donald Trump announced a 90-day pause on his administration’s “reciprocal tariffs,” which would have affected the company’s production locations in Vietnam, India and Thailand.The rally added more than $400 billion to Apple’s market cap, which now stands just under $3 trillion. It was Apple’s best day since January 1998, when late founder Steve Jobs was the interim CEO and three years before the company unveiled…

Portable robots are displayed at the tech company UBTECH in Shenzhen, south China’s Guangdong Province, March 26, 2025. (Xinhua/Liu Yongzhen)SHENZHEN, April 9 (Xinhua) — Guangdong’s industrial robot output exceeded 240,000 units in 2024 with a year-on-year increase of 31.2 percent, ranking first in the country for five consecutive years, according to the Department of Industry and Information Technology of Guangdong Province.A staff member synchronizes robot actions at Leju Robotics in Shenzhen, south China’s Guangdong Province, March 27, 2025. (Xinhua/Liu Yongzhen)A staff member adjusts the facial expression of a humanoid robot at the tech company DIGIT in Shenzhen, south China’s Guangdong…

Listen to article Prime Minister Shehbaz Sharif said that reducing electricity tariffs is a key step towards industrial growth and enhancing the global competitiveness of Pakistani products, Express News reported. Speaking during a meeting of the Economic Advisory Council, the PM termed industrial development one of the government’s top priorities. He noted that a cut in power prices would lower production costs, leading to increased output and export potential. “Reducing electricity costs will help local industries lower production expenses, which in turn will enable Pakistani goods to compete internationally,” he said, adding that the credit for securing a reduction in tariffs after…

‘We must move towards recognition, and we will do so in the coming months,’ French president says.President Emmanuel Macron says France could recognise a Palestinian state “in the coming months”. Macron told France 5 television on Wednesday that he aimed to finalise the move at a United Nations conference on the Israel-Palestine conflict, which his country will co-chair with Saudi Arabia in June. “We must move towards recognition, and we will do so in the coming months,” Macron said. “I’m not doing it to please anyone. I’ll do it because at some point it will be right,” he said. Palestine’s…

Alphabet CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk in Warsaw, Poland, on February 13, 2025.Klaudia Radecka | Nurphoto | Getty ImagesGoogle has reversed a policy forbidding employees from discussing its antitrust woes following a settlement with workers. The company sent a notice to U.S. employees last week saying it rescinded “the rule requesting that workers refrain from commenting internally or externally about the on-going antitrust lawsuit filed against Google by the U.S. Department of Justice,” according to correspondence viewed by CNBC.Google settled with the Alphabet Workers Union, which represents company employees and contractors, according to the U.S. National…

Listen to article The Pakistani government has decided to send a high-level delegation to the United States to address the newly imposed 29% tariff on Pakistani goods exported to the US, the Prime Minister’s Office (PMO) confirmed on Wednesday. The decision came after the US imposed heavy tariffs on several nations, including Pakistan, on April 2. A press release issued by the PMO stated that the delegation would be led by key government officials, along with prominent business leaders and exporters, though the specific members of the team were not disclosed. The delegation’s primary objective will be to engage in negotiations with…

Barcelona set sights on Champions League progress with 4-0 home win in quarterfinal first leg against Borussia Dortmund.Barcelona claimed a commanding 4-0 home win over Borussia Dortmund in the first leg of the Champions League quarterfinals. Robert Lewandowski scored twice and Raphinha recorded a goal and an assist on Wednesday, leaving the Catalan club in a strong position to reach the semifinals for the first time since 2019. Lamine Yamal also scored as Barcelona dealt a hammer blow to the German side’s hopes of advancing. The return match is next Tuesday at Dortmund, who were last year’s runners-up in the…