Author: i2wtc

Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system.Jason Redmond | AFP | Getty ImagesMicrosoft said Wednesday that it will stop promoting a consumer subscription for artificial intelligence services and introduced a bundle blending AI features with traditional productivity apps.The software company introduced Copilot Pro at $20 per month in early 2024. Microsoft 365 Family, which allows for up to six users and 6…

Human rights lawyers Imaan Mazari and Hadi Ali Chattha apprised a district and sessions judge on Wednesday that they will be approaching the Islamabad High Court to challenge his court’s proceedings thus far in the controversial tweets case against them. Irked by Mazari and Chattha’s absence yesterday (Tuesday), District and Sessions Judge Muhammad Afzal Majoka had issued non-bailable arrest warrants for Mazari and Chattha. Read: Non-bailable warrants issued for Imaan Mazari Rejecting their request to be excused from the hearing, the court had directed the police to arrest the two and produce them before the court if they failed to…

Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle has laid off more than 100 employees in design-related roles, CNBC has learned.Earlier this week, the company laid off employees within the cloud unit’s “quantitative user experience research” teams and “platform and service experience” teams, as well as some adjacent teams, according to internal documents viewed by CNBC.The roles often focus on using data, surveys and other tools to understand and implement user behaviors that inform product development and design.Google has halved some of the cloud…

President of Microsoft North America Judson Althoff speaks on stage during We Day at KeyArena on April 23, 2015 in Seattle, Washington.Mat Hayward | Getty ImagesMicrosoft’s top-ranking sales leader, Judson Althoff, has been promoted to a bigger role as CEO of the company’s commercial business. Satya Nadella, Microsoft’s CEO, wrote in a memo on Wednesday that marketing and operations will move under Althoff’s organization. Most of Microsoft’s revenue comes from commercial offerings such as productivity software subscriptions and cloud-based Nvidia chips for running artificial intelligence models.”Our success depends on enabling commercial and public sector customers and partners to combine their…

PAKISTAN: It was a choppy day at the Pakistan Stock Exchange (PSX) on Wednesday, as the benchmark KSE-100 Index moved in both directions before ending the session almost flat. The market opened on a strong note, touching an intra-day high of 166,522.61 points. However, confidence remained shaky and gains were short-lived following news circulating that the Asian Development Bank (ADB) kept Pakistan’s growth forecast unchanged at 3% and flagged delays in reforms, while fresh disclosures to the IMF about a $1 billion hit to exports from floods added to concerns. Read: In stellar run, PSX climbs to new high Despite…

The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune.Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece.The company’s first trade comes just as the U.S. government has shut down, meaning the National Flood Insurance Program (NFIP) isn’t accepting applications or processing new claims.”Neptune is open for business,” said Neptune chairman and CEO Trevor Burgess. “We can help the 1,300 people every day who are trying to close on their homes who…

A new BlackRock deal could wisely position the asset manager to capitalize on surging demand for power as the generative AI boom shows no signs of slowing down. The news Global Infrastructure Partners (GIP), the infrastructure fund manager purchased by BlackRock, is nearing a $38 billion deal to acquire renewable power company AES , according to the Financial Times . If this were to happen, it would be one of the largest infrastructure takeovers in history. AES, a prominent utility in the U.S., owns and operates power plants across the globe. The firm has provided energy solutions for the world’s largest…

Pakistan has successfully repaid its $500 million International Bond (Eurobond) that matured on September 30, 2025, in line with all its obligations. Advisor to the Finance Minister Khurram Schehzad announced on X on Wednesday that the Eurobond, issued in 2015 to global investors with a 10-year tenor, was settled on time. Update: 🇵🇰 Pakistan Maintains Steady Debt Servicing, Amid Strengthening Fundamentals and Improving OutlookPakistan’s has successfully repaid its $500mn International Bond (Eurobond) due on 30 Sep 2025 – as scheduled, in line with all its obligations.Issued in 2015 to… — Khurram Schehzad (@kschehzad) October 1, 2025 “This repayment reflects Pakistan’s…

Amazon on Wednesday expanded its private-label grocery lineup with the launch of a new brand aimed at “price-conscious” shoppers, with most products priced under $5.The brand is called Amazon Grocery and includes more than 1,000 items, ranging from dairy, fresh produce, meat and seafood to snacks and baking essentials, the company said in a release. Amazon said the new offering unites its Happy Belly and Amazon Fresh brands under one label.”During a time when consumers are particularly price-conscious, Amazon Grocery delivers more than 1,000 quality grocery items across all categories that don’t compromise on quality or taste – from fresh…

Three police officers were killed and nine others injured in during an attack carried out by armed men belongs to Awami Action Committee in Dhir Kot, Azad Kashmir, Express News reported. Armed men affiliated with the Awami Action Committee on Wednesday opened fire on police personnel, resulting in the casualties. The officers who were killed include Constable Khurshid and Constable Jameel, both from Bagh, and Constable Tahir Rafi from Muzaffarabad. Families of the deceased and injured officers demanded that the government bring the attackers to justice and impose strict penalties. Meanwhile, AJK Prime Minister Chaudhry Anwarul Haq invited the Awami…