Author: i2wtc
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023.Bunee TomlinsonZipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones, expanded its service to the Dallas area on Tuesday through a partnership with Walmart.In Mesquite, Texas, about 15 miles east of Dallas, Walmart customers can sign up to receive orders within 30 minutes, delivered on Zipline’s newest unmanned aerial vehicles, known as P2 Zips.The drones are capable of carrying up to eight pounds worth of cargo within a 10-mile…
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 basis points Tuesday to 6.85%, according to Mortgage News Daily, fully erasing the decline from last week.Much like the stock market, the bond market has been on a roller coaster over the last week, and mortgage rates are along for the ride.Last week the 30-year fixed rate…
Listen to article ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said that the reforms in maritime and energy sectors would boost trade, reduce costs, and unlock Pakistan’s economic potential. The prime minister made these remarks while chairing a high-level meeting to review progress on the government’s wide-ranging reforms in the maritime sector. He emphasized that comprehensive efforts were underway to transform country’s port infrastructure, streamline customs operations, and strengthen the country’s maritime economy for long-term national benefit. He hailed the task force on maritime reforms for its diligent work and praised their efforts in preparing a comprehensive set of recommendations that aim…
The next German government, likely to be led by the centre-right CDU, is expected to be tougher on migration.Germany has suspended the admission of refugees through a United Nations programme, according to a document seen by the Reuters news agency, as a new conservative-led coalition government prepares to take office. Reuters reported on Tuesday that the Federal Ministry of the Interior had made the decision as negotiations between the centre-right Christian Democrats (CDU) and the centre-left Social Democrats (SPD) continue, with both sides likely to agree on a tougher migration and asylum policy. The German dpa news agency also reported…
Glen Tullman, chairman and chief executive officer at Livongo Health Inc., speaks during the 2015 Bloomberg Technology Conference in San Francisco, California, U.S., on Tuesday, June 16, 2015.David Paul Morris | Bloomberg | Getty ImagesDigital health startup Transcarent on Tuesday announced it completed its acquisition of Accolade in a deal valued at roughly $621 million. Transcarent first announced the acquisition in January, and the company said it has received all necessary shareholder and regulatory approvals to carry out the transaction. Accolade shareholders received $7.03 per share in cash, and its common stock will no longer trade on the Nasdaq, according to a release.”Adding Accolade’s people…
Traders work on the floor of the New York Stock Exchange in New York, the United States, April 3, 2025. (Xinhua/Liu Yanan)* Investors have lost trillions of dollars since the U.S. tariff announcement on Wednesday.* The aggressive tariffs that triggered the global stock market plunge have drawn widespread criticism of the U.S. government, amid fear and fury across the globe.* JPMorgan Chase CEO Jamie Dimon warned on Monday, “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession.”WASHINGTON, April 8 (Xinhua) — Major stock indexes across the globe plunged sharply on…
Listen to article US President Donald Trump said on Monday that he wants to see the war in Gaza come to an end soon, as he hosted Israeli Prime Minister Benjamin Netanyahu at the White House. “I’d like to see the war stop,” Trump said when asked about his campaign pledge to end the conflict. “And I think the war will stop at some point, that won’t be in the too-distant future.” The Oval Office meeting marked their first face-to-face since Netanyahu returned to Washington amid international pressure over the growing death toll in Gaza. Israeli onslaught on Gaza has killed more than 50,700…
Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders.Nvidia led the Magnificent Seven group’s gains, rallying about 7%. Meta Platforms, Amazon, Tesla, Apple and Microsoft jumped at least 4% each. Alphabet rose about 3%.The sector is coming off a wild trading session after speculation that the White House could potentially delay tariffs fueled volatile swings. Alphabet, Meta Platforms, Amazon and Nvidia finished higher, while Apple, Microsoft and Tesla posted losses.Trump’s wide-sweeping tariff plans have sparked violent turbulence over the last three trading sessions. Trading…
Listen to article ISLAMABAD: Pakistan and Denmark on Monday reaffirmed their commitment to boosting global trade competitiveness through a $2 billion partnership aimed at modernising Pakistan’s maritime infrastructure, improving port operations, and promoting sustainable practices. The commitment was reiterated during a meeting between Federal Minister for Maritime Affairs Junaid Anwar Chaudhry and Danish Ambassador Jakob Linulf. According to an official press statement, the two sides agreed to expedite implementation of a Memorandum of Understanding (MoU) signed last year, with Danish shipping giant AP MollerMaersk leading the investment drive. The discussions focused on upgrading logistics infrastructure and integrating green maritime technologies such as…
Politicians and economists say President Donald Trump’s “Liberation Day” tariff rollout amounted to a historic tax increase in the United States. “Donald Trump just imposed the largest tax hike in our lifetime,” Democratic California Governor Gavin Newsom posted on X on April 2. Other Democratic politicians made similar claims, including Illinois Governor JB Pritzker, US Senator Chuck Schumer, and US Representative Jared Moskowitz, while Republican Mike Pence called it “the largest peacetime tax hike in US history”. It is clear the change under the April 2 plan is historic. The global tariffs Trump announced target almost every country the US…