Author: i2wtc

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.Laure Andrillon | ReutersIntel on Thursday announced its new PC chips slated to debut in laptops next year as the chipmaker battles to turn around its struggling business.The company said the new Panther Lake processor is made with its 18A technology and is the most advanced node made on U.S. soil.The new generation of chips will be made at Intel’s Fab 52 facility in Arizona, which the company said is now fully operational and set to ramp production.”The United States has…

Ferrero North America is planning to spend more than $100 million on marketing campaigns tied to the Super Bowl and World Cup next year.The sports push comes as the confectioner’s parent company drives further into the United States through acquisitions and investments in domestic production. Ferrero, which was founded in Italy but is now based in Luxembourg, entered North America nearly a half century ago, but the company only really started investing in the market over the past decade.In July, Ferrero bought cereal maker WK Kellogg for $3.1 billion, the latest in a deal spree that included snapping up Nestle’s…

ISLAMABAD: In a development poised to reshape Pakistan’s digital future, Amazon’s Project Kuiper plans to offer satellite broadband services in the country by the end of 2026. The information was shared in a press release issued by the Ministry of Information Technology and Telecommunication on October 9, following a high-level meeting between the Federal Minister for IT and Telecommunication Shaza Fatima Khawaja and a delegation from Project Kuiper. This project is designed to deliver high-speed, low-latency broadband through a constellation of Low Earth Orbit (LEO) satellites. With up to 3,236 satellites planned, the system aims to reach underserved and remote regions that have…

FILE PHOTO: Cans of Pepsi are seen at the PepsiCo Walkers factory in Leicester, Britain, August 14, 2024. Hollie Adams | ReutersPepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America.Shares rose nearly 2% in premarket trading.Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.29 adjusted vs. $2.26 expectedRevenue: $23.94 billion vs. $23.83 billion expectedPepsi reported third-quarter net income attributable to the company of $2.6 billion, or $1.90 per share, down…

The CEO of AI data firm Snowflake isn’t letting the stock market distract him from ambitions to become “one of the great technology companies in this world,” he told CNBC.The company — a cloud data storage platform — made history when it became the largest-ever software IPO when it went public five years ago, and its share price is currently rallying amid an AI boom.However, as investors flock to AI-related companies, fears of a bubble have emerged, leaving the market keen to distinguish between hype and reality in a bid to avoid being burned in the event of a pull-back.   “You don’t…

Pakistan’s remittance inflows rose by 11.3% year-on-year to reach $3.2 billion in September 2025, according to data compiled by KTrade Research. On a month-on-month basis, inflows recorded a modest 1.46% increase. The uptick was largely driven by a 2.6% rise in remittances from GCC countries, which bolstered overall inflows during the month. In contrast, remittances from the UK slipped by 1.9% month-on-month, reflecting softer seasonal trends. The Pakistani rupee appreciated by 0.15% MoM, closing at Rs281.21 per US dollar as of October 8, 2025, despite a 1.43% rise in the US Dollar Index (DXY), according to KTrade. Analysts attributed the…

Thomas Kurian CEO of Google Cloud, speaks at the Google Cloud Next conference in Las Vegas on April 8, 2025.Candice Ward | Google Cloud | Getty ImagesGoogle is taking another shot at selling businesses on artificial intelligence agents by introducing subscriptions featuring agents that perform specific work tasks.Gemini Enterprise targets large organizations, starting at a monthly fee of $30 per person. Gemini Business, for smaller clients, costs $21 per person each month. The offerings enable corporate workers to build agents that draw on data from Box, Microsoft and Salesforce products.Premade Google agents for software development, data science and customer engagement…

A Delta Air Lines Airbus A220 airplane prepares to takeoff at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 10, 2025. Saul Loeb | Afp | Getty ImagesDelta Air Lines CEO Ed Bastian told CNBC that the carrier’s operation is running smoothly despite the federal government shutdown, but if it goes another 10 days that could change.More than 13,000 U.S. flights were delayed this week, some of them due to shortages of air traffic controllers, raising concerns about strains on the country’s aviation industry during the shutdown.Transportation Secretary Sean Duffy warned Monday that the Federal Aviation Administration is seeing a…

Prime Minister Shehbaz Sharif said on Thursday the announcement of an “agreement” that will bring an end to the genocide in Gaza is a historic opportunity to secure lasting peace in the Middle East. In a post on X, the premier praised US President Donald Trump’s leadership for steering months-long negotiations to this stage, calling it a reflection of his “unwavering commitment to world peace”. The announcement of an agreement that will bring an end to the genocide in Gaza is a historic opportunity to secure lasting peace in the Middle East.President Trump’s leadership throughout the process of dialogue and…

Jeffrey Epstein in 2004.Rick Friedman | Corbis News | Getty ImagesA top House Democrat asked four major bank CEOs to share a slew of financial records related to Jeffrey Epstein, pushing forward an investigation into the notorious sex predator, after the lawmaker’s effort to subpoena the banks for the documents was blocked by Republicans.House Judiciary Committee ranking member Jamie Raskin, D-Md., in letters to the CEOs obtained by CNBC, asked how Epstein and his co-conspirators could have conducted a reported $1.5 billion in suspicious transactions “for years without ever being caught.”The letters were sent on Wednesday to JPMorgan Chase CEO…