Author: i2wtc

Day 2 of the ASOCIO Digital Summit 2025. Source: @PASHAORG on X Pakistan will host the Asian-Oceanian Computing Industry Organisation Digital Summit in November 2026. Former chairman of the Pakistan Software Houses Association, Muhammad Zohaib Khan, wrote on LinkedIn that “Pakistan has officially won the bid [to host]… This means the technology leadership and delegations of 24 member countries will be arriving in Pakistan”. The Asian-Oceanian Computing Industry Organisation (AOSCIO) Digital Summit brings together policymakers, technology companies and academics from 24 member economies to discuss regional cooperation and the digital economy. Read: PIMEC and the localisation of our maritime economy…

The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise (R-La.) said.”We’ll start the process probably around four, five o’clock. The actual vote on the bill to fund the government will probably come later, around seven o’clock,” the House majority leader told CNBC. “There’ll be, I’m sure, a good, thorough debate, but it’s so important that this gets done.”If the spending bill gets through as planned, it will end an impasse that has lasted more than six weeks, resulting in furloughs for government workers, the closing of all federal…

Anthropic announced plans Wednesday to spend $50 billion on U.S. artificial intelligence infrastructure buildout, starting with custom data centers in Texas and New York.The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack.Fluidstack is an AI cloud platform that supplies large-scale graphics processing unit (GPU) clusters to clients like Meta, Midjourney, and Mistral.Additional sites are expected to follow, with the first locations going live in 2026. The project is expected to create 800 permanent jobs and more than 2,000 construction roles.The investment positions Anthropic as…

The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach.EinrideAutonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check company, valuing it at $1.8 billion.The deal is expected to raise $219 million in gross proceeds, with up to an additional $100 million in PIPE capital from institutional investors, with Einride to begin trading during the first half of 2026.In announcing its plans, the Stockholm, Sweden-based company…

An aerial drone photo taken on Nov. 11, 2025 shows a view of the Cangzhou section of the Grand Canal in Cangzhou City, north China’s Hebei Province. (Xinhua/Mu Yu)CANGZHOU, Nov. 12 (Xinhua) — Connecting Beijing and Hangzhou in east China’s Zhejiang Province, the Grand Canal is the world’s longest artificial waterway.The 216-km Cangzhou section of the Grand Canal runs through Cangzhou City in north China’s Hebei Province, passing through areas such as Wuqiao, Dongguang, and Nanpi. In recent years, Cangzhou has made efforts to build the Grand Canal cultural belt, promoting the integrated development of cultural and tourism industries. An aerial…

Jawwad S Khawaja warns of ‘constitutional collapse’, urges SC to act or risk ‘death of the judiciary’ ISLAMABAD: Former chief justice of Pakistan Jawwad S Khawaja has challenged the proposed 27th Constitutional Amendment before the Supreme Court, warning that it would weaken the state, upset the balance of power and violate the doctrine of separation of powers. The petition comes as the government is pushing the amendment bill through parliament, with alarm bells ringing across the judicial community, now looking to the apex court to act before judicial independence is eroded irretrievably. In a petition filed through his counsel, Khawaja…

Mike Intrator, Chief Executive Officer and founder of CoreWeave, poses for a photo during the company’s Initial Public Offering(IPO) at the Nasdaq headquarters on March 28, 2025 in New York City.Michael M. Santiago | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Chips and dip2. Numbers gameThe U.S. Bureau of Labor Statistics is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.Bill Clark | Getty ImagesWhile the government shutdown could be over…

Oscar Wong | Moment | Getty ImagesU.S. stocks have been on a tear in recent years, largely on the back of euphoria around artificial intelligence. But not everyone has participated in the runup: Stock wealth has largely accrued to the wealthiest U.S. households.Even with recent choppiness, the S&P 500 U.S. stock index is up about 16% over the past year. Total wealth from publicly traded stocks has risen by $8 trillion or so during that time, said Mark Zandi, chief economist at Moody’s.Read more CNBC personal finance coverageThe top 20% wealthiest U.S. households own nearly 93% of all stock —…

Chinese President Xi Jinping and his wife Peng Liyuan pose for a group photo with King Felipe VI of Spain and his wife Queen Letizia in Beijing, capital of China, Nov. 12, 2025. Xi met with King Felipe VI, who is on a state visit to China, at the Great Hall of the People in Beijing on Wednesday. (Xinhua/Huang Jingwen)BEIJING, Nov. 12 (Xinhua) — China is willing to work with Spain to build a more strategically resilient and dynamic comprehensive strategic partnership with greater international influence, Chinese President Xi Jinping said on Wednesday.Xi made the remarks when meeting with King…

Peace Jirga’s declaration will later be presented to federal government, security institutions, Apex Committee The Khyber-Pakhtunkhwa government on Wednesday convened a large-scale Peace Jirga at the provincial assembly to deliberate on restoring stability amid a resurgence of terrorism in the region. The jirga is being held in two sessions. The first session began at 10am. and will continue until noon, followed by the second session after the Zuhr prayers. Ali Asghar Khan said that each political party would be given a chance to speak, with a four-minute limit per address. Efforts are underway to reach a consensus on a joint…