Author: i2wtc

Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week, an event that is often referred to as “summer camp for billionaires.”Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were all pictured entering the lodge.Wednesday’s agenda includes interviews with Amazon CEO Andy Jassy, Treasury Secretary Scott Bessent and IAC Chairman Barry Diller, sources told CNBC’s Julia Boorstin.When he arrived on Tuesday, Altman said he is not concerned about the artificial intelligence talent war and that he would talk to Meta CEO…

Listen to article ISLAMABAD: Pakistan and Turkiye have reaffirmed their commitment to deepen bilateral cooperation across key sectors, including defence, trade, energy, culture, education, and infrastructure, with both countries aiming to boost bilateral trade to $5 billion. “We are aiming to increase our commercial relations to $5 billion by enhancing cooperation in diverse areas, including energy, mining, education, and transportation,” said Turkish Foreign Minister Hakan Fidan during a joint press conference with Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad on Wednesday. Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, had a fruitful and productive meeting with Minister of…

A worker sorts packages on Amazon Prime Day in New York on July 8, 2025.Klaus Galiano | Bloomberg | Getty ImagesU.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon’s Prime Day megasale, according to Adobe Analytics.At that level, it marks the “single biggest e-commerce day so far this year,” Adobe said. It also eclipsed total online spending during Thanksgiving last year, when sales on the holiday reached $6.1 billion.Amazon’s Prime Day bargain blitz began on Tuesday and lasts through Friday. The event, first launched in 2015 as a way to hook new…

Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop, manage, and operate the University of Texas’ basketball and entertainment arena in Austin.Leiweke, 68, is accused in the indictment of conspiring with another would-be bidder on UT’s $338 million Moody Center arena project to induce that second company in February 2018 to drop out of the competition with Oak View Group in exchange for receiving lucrative subcontracts at the 15,000-seat arena.Oak View Group CEO Tim Leiweke attends the groundbreaking ceremony for the new University of Texas event…

Listen to article ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday lambasted the Pakistan Bureau of Statistics (PBS) for its failure to timely produce reliable economic and social indicators, as the bureau blamed political turmoil for its inability to timely hold surveys. The proceedings of a meeting held at the Q Block reinforced that the government was making economic decisions based on data, which was 10 years old, and many of the critical official economic numbers were also not reliable, according to officials who attended the meeting. Sources said that the finance minister was perturbed by the delay in having the latest numbers…

Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup’s latest effort to compete in the consumer internet market against companies like Google and Microsoft.Comet will allow users to connect with enterprise applications like Slack and ask complex questions via voice and text, according to a brief demo video Perplexity released on Wednesday.The browser is available to Perplexity Max subscribers, and the company said invite-only access will roll out to a waitlist over the summer. Perplexity Max costs users $200 per month.”We built Comet to let the internet do what it has been begging…

Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he’s been priced out.”Basically, it’s too expensive for me,” Manning told CNBC Sport in an interview. “A 1% stake valued at $10 billion turns into a very big number.” Manning’s comments come as NFL team valuations skyrocket. In CNBC’s Official NFL Team Valuations published in September, the Giants were valued at $7.85 billion, ranking fourth among the league’s 32 teams.In December, the Philadelphia Eagles sold a minority stake in the team at a valuation of $8.3…

The Pakistani entertainment industry was left in shock following the tragic news of actor and model Humaira Asghar Ali’s passing. Gizri Police confirmed on Tuesday that the 35-year-old’s body was discovered in her Karachi apartment, where it had likely remained for nearly 20 days. The grim discovery was made when her landlord, accompanied by a court bailiff and police officers, arrived to execute a court-ordered eviction due to non-payment of rent. Humaira had reportedly stopped paying rent in early 2024, though she had been living in the third-floor flat in Ittehad Commercial area of DHA Phase VI since 2018. The…

President Donald Trump, accompanied by U.S. Secretary of State Marco Rubio (L) and U.S. Defense Secretary Pete Hegseth (R), discusses his decorating of the Cabinet Room during a cabinet meeting at the White House on July 08, 2025 in Washington, DC.Andrew Harnik | Getty ImagesPresident Donald Trump on Wednesday sent letters dictating new U.S. tariff rates on at least seven more countries’ imports, leaning into his aggressive approach to resetting America’s global trade relationships.The latest letters, revealed by Trump via Truth Social screenshots, were sent to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.Trump had…

The death toll from the July Fourth flash flood that ravaged a swath of central Texas Hill Country rose on Tuesday to at least 109, many of them children, as search teams pressed on through mounds of mud-encrusted debris looking for scores of people still missing. According to figures released by Governor Gregg Abbott, authorities were seeking more than 180 people whose fate remained unknown four days after one of the deadliest US flood events in decades. The bulk of fatalities and the search for additional victims were concentrated in Kerr County and the county seat of Kerrville, a town…