Author: i2wtc

United States President Donald Trump has said his long-awaited reciprocal tariffs will be lower than what other countries charge as uncertainty over his biggest trade announcement yet continues to roil global stocks. Speaking at the White House on Monday, Trump said the tariffs he is preparing to announce on Wednesday will be “nicer” than the trade policies of US trading partners. “We are going to be very nice by comparison to what they were. The numbers will be lower than what they have been charging us, and in some cases, maybe substantially lower,” Trump told reporters at the Oval Office.…

Listen to article Prime Minister Shehbaz Sharif has extended Eidul Fitr greetings to the people of Pakistan and leaders across the Muslim world on Monday, while stressing the need for unity, economic revival, and support for oppressed communities in Kashmir and Palestine. In his message, the prime minister acknowledged the ongoing battle against terrorism and paid tribute to Pakistan’s armed forces. “Officers and jawans are sacrificing their lives for restoring law and order,” he said. “Eid teaches us happiness, thankfulness, brotherhood and empathy,” Sharif noted, urging the nation to carry forward the spirit of Ramazan through patience, sacrifice, and adherence to Islamic…

Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersWall Street banks waited a long time for a billion dollar IPO from a U.S. tech company. They’re not making much money from the one they got.The underwriting discount and commissions paid by artificial intelligence infrastructure provider CoreWeave, which hit the Nasdaq on Friday, amounted to just 2.8% of the total proceeds, according to a Monday filing with the Securities and Exchange Commission. That means that of the $1.5 billion…

In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesAnthropic said it will start sweeping physical offices for hidden devices as part of a ramped-up security effort as the artificial intelligence race intensifies.The company, backed by Amazon, published safety and security updates in a blog post on Monday, and said it also plans to establish an executive risk council and build an in-house security team.Anthropic closed its latest funding round earlier this month at a $61.5…

Listen to article A judicial magistrate in Malir on Monday ordered journalist Farhan Mallick’s imprisonment under judicial custody, rejecting the Federal Investigation Agency’s (FIA) request for an extension of his physical remand. Mallick, along with other accused, was presented before the court upon the completion of his initial remand. The magistrate denied further custody and ordered his transfer to Landhi Jail. During the hearing, co-accused Atir told the court that he had never met Mallick before and saw him for the first time in lockup, refuting claims of Mallick’s involvement in an illegal call centre. Mallick’s lawyer, Jibran Nasir, argued that FIA…

Secretary of State Rubio says Beijing ‘broke promises’ to Hong Kong residents, depriving them of their freedoms.The United States has imposed sanctions on six Chinese and Hong Kong officials to punish China for its ongoing crackdown on democracy advocates in the financial hub, which was returned to Chinese rule in 1997. The US Department of State announced the sanctions on Monday. They target prominent figures, including Hong Kong Police Commissioner Raymond Siu Chak-yee and Secretary for Justice Paul Lam for playing a role in efforts to “intimidate, silence and harass 19 pro-democracy activists”. US Secretary of State Marco Rubio said…

White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla’s stock just wrapped up its worst quarter since 2022 and suffered its third-steepest drop in the company’s 15 years on the public market.Shares of the electric vehicle maker plunged 36% in the first three months of the year.The last time Tesla had a worse stretch was at the end of 2022, when the stock cratered 54%. That quarter included CEO Elon Musk’s sale of more…

Chief of Army Staff (COAS) General Syed Asim Munir visited Wana and Dera Ismail Khan, where he celebrated Eid with officers and soldiers stationed along the border, the military’s media wing Inter-Services Public Relations (ISPR) said in a statement. According to ISPR, the army chief commended the unwavering dedication of the troops and their exemplary service to the nation. He also praised the armed forces, law enforcement agencies, and the people of Khyber Pakhtunkhwa for their resilience. “The people of Khyber Pakhtunkhwa have shown immense courage in the fight against terrorism, and our soldiers’ commitment to national defence is a…

The White House has said that it is moving on from recent controversy over the mistaken sharing of war plans on commercial messaging app Signal, declaring that the “case has been closed”. Spokesperson Karoline Leavitt said on Monday that steps had been taken to ensure that the same scenario – which made Jeffrey Goldberg, editor of The Atlantic, privy to a group chat on planned US strikes on Yemen’s Houthis – was not repeated in the future. But she did not elaborate on the measures. Leavitt said the US was “moving forward”, her statement appearing to end speculation that National…

Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip developer Cerebras said Monday that it has obtained clearance from a U.S. committee to sell shares to Group 42, a Microsoft-backed AI company based in the United Arab Emirates.That clearance came from the Committee on Foreign Investment in the United States, or CFIUS, and it’s a key step for Cerebras in its effort to go public. Cerebras competes with Nvidia, whose graphics processing units…