Author: i2wtc
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty ImagesGoogle is continuing to put restrictions on remote work, this time with a popular policy called “Work from Anywhere” that was established during the Covid pandemic.The policy has allowed employees to work from a location outside of their main office for up to four weeks per calendar year. According to internal documents viewed by CNBC, working remotely for even a single day will now count for a full week.”Whether you…
People exit the the U.S. Internal Revenue Service (IRS) building in Washington, D.C., on Feb. 20, 2025.Kent Nishimura | ReutersThe IRS on Wednesday said that it was furloughing nearly half of its workforce due to the ongoing government shutdown.About 34,000 IRS workers are being furloughed, according to the tax agency. Another 39,870 employees, representing 53.6% of the workforce, will remain on the job.The furloughs came as the shutdown of federal government operations was in its eighth day, and as dueling funding resolutions that would end the crisis for the sixth time failed to pass in votes by the Senate.”Due to…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty ImagesAMD stock climbed 11% on Wednesday, continuing a massive run since OpenAI announced plans to buy billions of dollars of AI equipment from the chipmaker earlier this week.On Monday, the ChatGPT maker entered into an agreement to potentially own 10% of AMD, based on its stock price and partnership milestones.AMD now has a market cap of $380 billion after climbing 4% on Tuesday and 24%…
A group of vessels attempting to deliver aid to the war-ravaged Gaza Strip was intercepted by Israeli forces in international waters on Wednesday, the coalition behind the convoy said, the second such interception in the past week. The Freedom Flotilla Coalition (FFC) is an international network of pro-Palestinian activist groups that organises civilian maritime missions aimed at breaking Israel’s blockade of Gaza to deliver humanitarian aid to Palestinians in the enclave. The flotilla’s vessels and passengers were safe, had been transferred to an Israeli port and were expected to be deported promptly, Israel’s foreign ministry said in a statement on…
The Pakistan Stock Exchange (PSX) extended its losing streak for a third consecutive session on Wednesday, with the benchmark KSE-100 index witnessing sharp fluctuations throughout the day. Trading opened on a positive note, pushing the index to an intra-day high of 166,947.19. However, selling pressure mounted later, dragging the index to a low of 165,109.84. By the close, the KSE-100 index had dropped 907 points, or 0.55%, to settle at 165,266.75. Read: Philip Morris (Pakistan) to delist from PSX KTrade Securities equity trader Ahmed Sheraz said the decline was driven by investor concerns after the State Bank of Pakistan indicated that…
Lisa Su, CEO of AMD, left, and Jensen Huang, CEO of NvidiaBenoit Tessier | Ritzau Scanpix | Mads Claus Rasmussen | ReutersIn the 1990s, when Intel dominated the PC chip market, the semiconductor maker needed Advanced Micro Devices to exist as a viable No. 2 to help avoid being charged with monopolistic behavior. Almost three decades later, AMD may be serving a similar role for Nvidia, which controls over 90% of the market for graphics processing units used for artificial intelligence workloads. When AMD announced a deal on Monday that involves selling many billions of dollars worth of GPUs to OpenAI, it…
Chimneys stand among the rubble after the passage of the Palisades Fire in Pacific Palisades, California, on Jan. 8, 2025.Agustin Paullier | AFP | Getty ImagesFederal authorities announced Wednesday that they have arrested and charged a Florida man with maliciously starting the deadly Palisades Fire, one of the most destructive blazes in Los Angeles history.Jonathan Rinderknecht, 29, is charged with destruction of property by means of fire, according to a release from the U.S. Attorney’s Office in Los Angeles, which is prosecuting him.Right after allegedly igniting the inferno early New Year’s Day, Rinderknecht “listened to a rap song, which has…
The Hollywood Burbank Airport air traffic control tower stands on October 6, 2025 in Burbank, California. The Federal Aviation Administration (FAA) stated the airport currently has no air traffic controllers in its tower amid the ongoing federal government shutdown. Incoming flights are being delayed for over two hours, with control duties currently being handled by Southern California Terminal Radar Approach Control in San Diego. Mario Tama | Getty ImagesA shortage of air traffic controllers could delay more flights, the Federal Aviation Administration warned on Wednesday, as concerns grow about the impact of the government shutdown on U.S. aviation.About 10,000 flights…
Michael Intrator, co-founder and CEO of CoreWeave participates in an interview on the floor of the New York Stock Exchange in New York on Sept. 22, 2025.Michael Nagle | Bloomberg | Getty ImagesCoreWeave shares rose as much as 8% Wednesday as the artificial intelligence cloud provider announced new tools to help programmers develop AI agents.With the new serverless reinforcement learning service, there’s no need to worry about adding or removing computing power, because it happens automatically.Tests indicated that when developers use CoreWeave’s new service, they can train models faster with 40% lower costs in comparison with running Nvidia H100 graphics…
Prime Minister Shehbaz Sharif has called for expanding Pakistan’s ties with Saudi Arabia beyond defence cooperation, urging a renewed focus on trade, business, and investment. He said the Kingdom was fully prepared to support Pakistan in advancing this shared economic vision. According to Express News, the prime minister hosted a luncheon at the PM House in honour of a high-level Saudi delegation on Wednesday. Following the event, PM Shehbaz spoke to the guests, highlighting the strong and enduring ties between the two countries. “We are gathered here like a family,” said the prime minister, recalling his decades-long political career and…