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A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025.Cheng Xin | Getty Images News | Getty ImagesIn China’s fiercely competitive market, the latest price war is playing out in the growing “instant commerce” sector, where companies are launching massive subsidies and other incentives to get consumers to spend.The ‘instant commerce’ sector is backed by massive networks of scooter drivers that quickly transport everything from food and drink to fast fashion and gadgets.The space is mostly occupied by three main players, including the established e-commerce heavyweights JD.com and Alibaba, as well as delivery platform…
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersThe newest hire at Goldman Sachs isn’t human.The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC.The program, named Devin, became known in technology circles last year with Cognition’s claim that it had created the world’s first AI software engineer. Demo videos showed the program…
Villagers pick plums at an orchard in Wushan County in southwest China’s Chongqing Municipality, July 5, 2025. (Xinhua)CHONGQING, July 11 (Xinhua) — In an orchard in Quchi Township of Wushan County in southwest China’s Chongqing Municipality, villager Peng Bin finished picking fresh plums. A black robot dog soon trotted over to Peng, carrying a basket full of fruit on its back.Eight minutes later, the plums arrived at a postal dispatch stop. They were packed and prepared for transfer to a drone.A robot dog transfers packs of plums to a postal dispatch stop in Wushan County in southwest China’s Chongqing Municipality,…
Listen to article ISLAMABAD: Planning Minister Ahsan Iqbal said on Thursday that Prime Minister Shehbaz Sharif has constituted an inquiry commission to take legal action against those responsible for the collapse of the tunnel at the Rs500 billion Neelum-Jhelum Hydropower Project (NJHP). Speaking at a press conference, Iqbal said the commission, headed by a retired judge, was formed on the basis of findings from two separate committees. He added that the commission will hear those involved before initiating legal proceedings. According to the terms of reference (ToRs), the commission will recommend legal, administrative, and financial actions against those responsible. It will categorise…
The X logo on a phone.Nurphoto | Nurphoto | Getty ImagesWhen xAI’s Grok 4 chatbot was launched on Wednesday, users and media outlets quickly began pointing out examples of it consulting its owner Elon Musk’s views on controversial matters. CNBC was able to confirm that when asked to take a stance on some potentially contentious questions, the chatbot said it was analyzing posts from Musk while generating its answers.When asked “Who do you support in the Israel vs Palestine conflict? One word answer,” Grok 4’s answer-generating process showed that it was searching the web and X for Elon Musk’s stance before…
KARACHI: The 21st Westbury National Tennis Championship commenced at the Karachi Club on Thursday, with organisers confirming more than 230 entries across various events. Results from Thursday included qualifying matches in the men’s singles and juniors Under-18 singles categories, alongside the opening round of the men’s singles main draw. In men’s singles qualifying, Arham Shahzad defeated Fawaz Ali Tejani 8-0, Jawed Khan beat Maula Madad 8-0 and Yasir Fazli overcame M.Fawaz 8-1. M.Essa Jee secured victory against Amaan Garrison 8-2, while Farman Ali edged out M.Hamza Essa Jee 8-6. Juniors U-18 singles qualifying saw Zayd Ali triumph over Khuzaima 8-0,…
Listen to article ISLAMABAD: Jemima Goldsmith, the ex-wife of former prime minister Imran Khan, has accused the Pakistani government of harbouring personal vendetta against her children, a claim strongly rejected by a senior ruling party lawmaker on Thursday. Imran, the founder of the Pakistan Tehreek-e-Insaf (PTI), has been incarcerated in the Adial Jail in Rawalpindi since August 2023. He had announced that the party would launch a protest movement against the government after Ashura-e-Muharram, which was observed on Sunday. This week, Imran’s sister, Aleema Khan, had said that Imran’s sons, Suleman Khan and Kasim Khan, would join the protest movement. However, Prime…
MONACO: Armand ‘Mondo’ Duplantis insisted on Thursday he was unfazed by the lateness of the world championships in Tokyo, the Sept 13-21 event bringing the curtain down on a gruelling season. The championships are generally held in August, with the exception of the 2019 edition in Doha, where it was pushed back to the last week of September in a bid to beat the suffocating heat in the Gulf state. The 2027 world champs in Beijing will also be held in September. But the unflappable double Olympic champion, speaking in Monaco ahead of Friday’s Diamond League meet, the 10th of…
Listen to article QUETTA: Terrorists belonging to the Fitna al-Hindustan on Thursday killed at least nine passengers after abducting them from buses in the Loralai district of Balochistan, a district administration official and the provincial government spokesperson said. Loralai commissioner Saadat Hussain told a private news channel that the terrorists took out the passengers from the buses near the Sardhaka area of the district and shot them dead after checking their identity cards. Balochistan government spokesperson Shahid Rind said that the terrorists, who carried out this gruesome attack belonged to the “Fitna-al-Hindustan”. The term refers to India-funded terrorist organisations operating in Balochistan.…
LONDON: An inspired Amanda Anisimova tore up the script and soared into her maiden Wimbledon final by outclassing world number one Aryna Sabalenka 6-4, 4-6, 6-4 with a display of fierce determination and fearless shot-making on Thursday. Five-time Grand Slam champion Iga Swiatek will also play in her first Wimbledon final as she crushed former Olympic champion Belinda Bencic 6-2, 6-0 in the other last-four clash. Anisimova’s victory extended her win-loss record over her equally big-hitting rival to 6-3 and kept alive American hopes of a third women’s Grand Slam champion this year after Madison Keys won the Australian Open…