Author: i2wtc

Mike Cavanagh, President of Comcast Corporation attends the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. TKevork Djansezian | Getty ImagesComcast’s top brass on Monday pulled the curtain back on the company’s unsuccessful unsuccessful bid for Warner Bros. Discovery, detailing an offer far different from its rival bidders. Mike Cavanagh, Comcast president and soon-to-be co-CEO, walked through the specifics of the proposal —and the company’s thinking — during the UBS Global Media and Communications Conference on Monday, just days after Comcast was knocked out of the bidding war for Warner Bros. Discovery assets. “When…

Thomas Fuller | Lightrocket | Getty ImagesTiger Global Management announced Monday the launch of its latest venture capital fund, Private Investment Partners 17, targeting a raise between about $2 billion and $3 billion, according to a letter to investors viewed by CNBC.The hedge fund wrote that it’s expecting PIP 17 to be similar in “strategy, size and construction” to its earliest vintages and its most recent, PIP 16, which targeted $6 billion but ultimately closed at $2.2 billion.The largest positions in PIP 16 are OpenAI and Waymo.Compared to the megafunds of the early 2020s, the latest target signals a pivot…

An aerial drone photo taken on Dec. 8, 2025 shows a view of Qingdao Port in Qingdao, east China’s Shandong Province. The cargo throughput of Qingdao Port in 2025 surpassed 700 million tonnes on Monday, reaching this milestone 15 days earlier compared to 2024.Qingdao Port has continuously expanded its international logistics network, with nearly 240 routes connecting over 700 ports in over 180 countries and regions worldwide. (Xinhua/Li Ziheng)An aerial drone photo taken on Dec. 8, 2025 shows a view of Qingdao Port in Qingdao, east China’s Shandong Province. The cargo throughput of Qingdao Port in 2025 surpassed 700 million…

With no policy regulating prices for diagnostic tests, patients are forced to rely on labs using unreliable kits KARACHI: As the spread of dengue and malaria once again bedevils people in the port city, diagnostic tests and platelet treatments have become unaffordable for the public. As a result, small laboratories are now conducting tests using low-quality kits that while being light on the pocket produce unreliable results. Hundreds of labs continue operating without registration with inadequately trained staff, which often creates difficulties for patients. Despite the fact that doctors rely heavily on medical test reports when prescribing treatment for vector-borne…

U.S. President Donald Trump poses on the red carpet for the 2025 Kennedy Center Honors at the John F. Kennedy Center for the Performing Arts in Washington, D.C., U.S., December 7, 2025. Jeenah Moon | ReutersPresident Donald Trump expressed skepticism on Sunday night about Netflix’s proposed acquisition of parts of Warner Bros. Discovery, saying the massive deal “could be a problem” because of how much market share Netflix would end up with.Trump also said that he will be involved in the process of approving the deal, which was announced on Friday.The streaming giant Netflix needs regulatory sign-off for its planned…

Wall Street sign in New York with American flag and Christmas tree lights in the background.Mwelsh | Istock | Getty ImagesRising stock markets, a return of merger activity and flowing inheritances helped create 287 new billionaires this year, bringing the global total to over 2,900, according to a new report.Billionaire wealth reached a record $15.8 trillion as of the end of the third quarter, up 13%, according to the UBS Billionaire Ambitions Report 2025. Of the world’s 2,919 billionaires, 2,059 are self-made and 860 inherited their wealth, according to the report.This year marked the second-highest total of newly minted billionaires…

An aerial drone photo taken on Dec. 8, 2025 shows Longtan area of Nanjing Port in Nanjing, east China’s Jiangsu Province. (Photo by Fang Dongxu/Xinhua)BEIJING, Dec. 8 (Xinhua) — China’s foreign trade in goods has sustained strong resilience with steady growth in the first 11 months of 2025 despite external headwinds, official data showed on Monday.China’s total goods imports and exports in yuan-denominated terms rose to 41.21 trillion yuan (about 5.82 trillion U.S. dollars) in the first 11 months of 2025, up 3.6 percent year on year, according to the General Administration of Customs.The growth rate remained flat compared with…

Over 1,500 incidents reported in 2025; 420 terrorists killed as police deploy advanced technology PESHAWAR: Khyber-Pakhtunkhwa experienced a significant surge in terrorism during 2025, with over 500 attacks reported, marking a 50 per cent increase compared to the previous year. According to a detailed security assessment obtained by The Express Tribune, the province faced 1,588 terrorism-related incidents, reflecting a rapidly escalating militant threat across both settled and tribal regions. Despite the rise in attacks, security forces managed to prevent 320 major strikes, while 137 police officers and personnel laid down their lives in the line of duty. The Counter Terrorism…

IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025.Andy Wenstrand | Sxsw Conference & Festivals | Getty ImagesIBM announced Monday that it is acquiring data streaming platform Confluent in a deal worth $11 billion.Shares of Confluent soared 29%. IBM stock climbed about 1%.IBM will pay $31 per share in cash for all of the issued and outstanding common shares of Confluent, according to a release. The transaction is expected to close by the middle of 2026. Shares of Confluent closed at $23.14 on Friday.Tune in at 10:10 a.m. ET as IBM CEO Arvind…

A traveler speaks to an agent at the United Airlines desk at O’Hare International Airport in Chicago, Illinois, on November 25, 2025, ahead of the upcoming Thanksgiving holiday. Kamil Krzaczynski | Afp | Getty ImagesUnited Airlines is joining Delta Air Lines in holding steady its requirements to earn elite frequent flyer status next year after it raised the bar in 2025.Airlines have spent years making it more expensive to get high-tier status, which comes with perks like early boarding, free first-class upgrades (when they’re available), waived baggage fees or even airport lounge access.But hordes of elite travelers in the wake…