Author: i2wtc
Nawaf Salam’s government wins the backing of 95 lawmakers in the 128-seat parliament.Lebanon’s new government has won a confidence vote in parliament, following a speech by Prime Minister Nawaf Salam promising to push for economic reforms and to start negotiations with the International Monetary Fund. Salam’s government won the backing of 95 lawmakers in the 128-seat chamber late on Wednesday. Lebanon’s political landscape has been overturned since Hezbollah, long a dominant player in Lebanese politics, was badly pummeled in last year’s war with Israel. The new government’s policy statement, as such, did not include language used in previous years that…
Twitter co-founder Evan Williams speaks during the Web Summit 2018 in Lisbon, Portugal, on Nov. 8, 2018.Pedro Fiúza | Nurphoto | Getty ImagesObvious Ventures, the venture capital firm co-founded by Twitter’s Evan Williams, has filed to raise $400 million for its latest fund, according to a regulatory filing.The filing for Obvious Ventures V was made public with the U.S. Securities and Exchange Commission on Tuesday and indicates that it is an initial notice. The firm raised its most recent fund in 2022, when it brought in about $355 million, according to PitchBook data, short of its $400 million target.A spokesperson…
An aerial drone photo taken on Feb. 25, 2025 shows tourists visiting the Harbin Ice-Snow World in Harbin, northeast China’s Heilongjiang Province. (Xinhua/Wang Song)HARBIN, Feb. 26 (Xinhua) — Harbin Ice-Snow World, the world’s largest ice-and-snow theme park, officially closed its 26th edition on Wednesday evening in the city of Harbin, capital of China’s northernmost Heilongjiang Province, attracting a record-breaking 3.56 million tourist visits, said the park’s operator.This year’s attendance surpassed the previous edition by 31.4 percent, jumping from 2.71 million visits, according to data from the Harbin Ice and Snow World Co., Ltd.Known as China’s “Ice City,” Harbin is the…
Listen to article The International Monetary Fund (IMF) has rejected Pakistan’s proposed sales tax exemption on electric vehicles (EVs), insisting that the tax rates should remain in line with standard policies, Express News reported on Wednesday. According to sources, the global lender raised objections to tax concessions under the country’s EV policy, particularly the exemption on the local sale of electric vehicle components. The Ministry of Industries and Production had recommended the tax relief to boost EV adoption, but the IMF opposed the move, arguing that sales tax on raw materials for EVs should not be waived. Pakistan and the IMF are…
The new plants will be built in the US over the next five years and create 3,000 jobs for skilled workers.Eli Lilly plans to spend at least $27bn to build four new manufacturing plants in the United States, the drugmaker has said as it grapples with the threat of drug import duties from the Trump administration. The new plants will be built over the next five years and are expected to create more than 3,000 jobs for skilled workers like engineers and scientists as well as 10,000 construction jobs, the company said at a Washington news conference on Wednesday. Lilly said…
The Instacart logo is seen on a smartphone and on a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesInstacart’s stock had its worst day on record, slumping 12% after the grocery delivery company posted a fourth-quarter revenue miss and offered light guidance for the current period.Prior to Wednesday’s move, the stock’s biggest one-day slump came in November, when it dropped 11%.Instacart reported fourth-quarter revenue of $883 million, falling short of the $891 million average analyst estimate, according to LSEG. The company said it anticipates adjusted earnings of between $220 million and $230 million for the first quarter,…
From riverbanks to rickshaw-backs, Jhulelal’s legacy flows through Sindh — fluid, sacred, and, always in flux. Saint veneration and devotional music are enduring mediums through which time-honoured, interfaith spiritual legacies are celebrated and preserved. The ancient Sindh region in particular – where the restless River Indus runs into the Arabian Sea – is a bastion of Islamic mysticism, with its Sufi shrines and accompanying devotional practices drawing seekers from all walks of life. The language of devotion is not confined to the altars of Pakistan’s various places of worship, however – you find divine invocations in every corner of this…
Salesforce CEO Marc Benioff appears at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts’ estimates. The stock price decreased 2% in extended trading.Here’s how the company did in relation to LSEG consensus:Earnings per share: $2.78 adjusted vs. $2.61 expectedRevenue: $9.99 billion vs. $10.04 billion expectedRevenue increased 7.6% from a year ago in the quarter that ended Jan. 31, according to a statement. Net income rose to $1.71 billion, or $1.75 per share, from $1.45 billion, or…
Eli Lilly on Wednesday said it will invest at least $27 billion to build four new manufacturing sites in the U.S., as demand for its blockbuster weight loss and diabetes injections soars and the company develops new drugs for other conditions.It comes as drugmakers and companies across different industries work to build goodwill with President Donald Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains. He has threatened companies — and pharmaceutical businesses in particular — with tariffs if they do not manufacture products in the U.S.Eli Lilly made the announcement at an event…
At 17, Lamine Yamal has already won the Euros, tormented world-class defenders, and shown why he’s football’s future. In case you haven’t noticed yet, Lamine Yamal is built differently. The young prodigy has even found his name on Cristiano Ronaldo’s lips. When asked about Yamal, Ronaldo himself admitted: “I see huge potential, great talent. He’s doing something even newer than Messi. I believe he’s going to be the best of this new generation.” That is high praise from one of the greatest footballers of all time, and Yamal is proving every word right with his performances on the pitch. A…