Author: i2wtc
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersTesla CEO Elon Musk says the company will likely need to build a “gigantic” semiconductor fabrication plant to keep up with its artificial intelligence and robotics ambitions.”One of the things I’m trying to figure out is — how do we make enough chips?” Musk said at Tesla’s annual shareholders meeting Thursday.Tesla currently relies on contract chipmakers Taiwan Semiconductor Manufacturing Company and Samsung Electronics to produce its chip designs and Musk said he was also considering working with Intel. “But even when…
Defence Minister Khawaja Muhammad Asif and Afghan Defence Minister Mullah Mohammad Yaqoob Mujahid shake hands following the signing of a ceasefire agreement mediated by Qatar and Turkey in Doha on October 19. Photo: Reuters Top intelligence officials from Pakistan and the Afghan Taliban regime began a crucial round of talks in Istanbul on Thursday, aimed at finding a workable plan to end terrorist attacks emanating from across the border. Mediated by Türkiye and Qatar, the talks continued for over eight hours till the filing of this report. There were both direct sessions and some held indirectly through mediators, according to…
MDCAT examinations, Dow Univeristy, Karachi Sindh October 26 2025 Photo: Our Correspondent Education Testing Council, the testing entity of the Higher Education Commission, Pakistan, has postponed the Law Admission Test, which was scheduled for November 9, 2025, in Quetta, Balochistan in view of the prevailing law and order situation. The new date for LAT will be announced in due course. LAT has been postponed in the wake of the Government of Balochistan’s decision to impose Section 144 in District Quetta for a period of 15 days. Separately in Punjab, the decision to extend Section 144 aims to maintain law and…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersShares of Japan’s SoftBank Group resumed their slide on Friday, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.The group, which holds a wide range of AI investments across infrastructure, semiconductor, and application companies, saw shares drop more than 8%.This comes after SoftBank gained nearly 3% in the previous session, having plunged 10% on Wednesday to clock its worst day since April. It stares at about $53 billion market cap wipeout this week…
Traders works on the floor of the New York Stock Exchange. NYSE October’s job losses in the U.S. were nearly twice as high as a month earlier — the steepest for any October since 2003, data from outplacement firm Challenger, Gray & Christmas showed.The technology sector was the hardest hit, with 33,281 cuts, almost six times September’s total.Being laid off is an awful feeling — and it must feel bitterly ironic to work in a field that’s developing the very technology making you redundant.One person spared both redundancy fears and existential doubt is Tesla CEO Elon Musk, who just had…
Judge Afzal Majoka adjourns hearing until Saturday as Mazari seeks time to appoint counsel Human Rights lawyer and social activist Imaan Mazari and her husband Hadi Ali Chattha. Photo File The Additional District and Sessions Court on Thursday heard the case against human rights lawyer Imaan Mazari and activist Hadi Ali Chattha over their controversial tweets. The hearing was conducted by Additional District and Sessions Judge Afzal Majoka. Both Mazari and Chattha appeared before the court, where Advocate Samiullah Wazir submitted the power of attorney on behalf of Chattha. During the proceedings, the court canceled the non-bailable arrest warrants earlier…
Visitors view an extra support guidewire of Medtronic, which made its global debut during the 8th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 6, 2025. (Xinhua/Fang Zhe)BEIJING, Nov. 7 (Xinhua) — China has set its development priorities and policy directions for the next five years, and the world’s second-largest economy will bring new opportunities for shared growth with global partners and investors.In recent years, there has been increasing talk of Chinese opportunities among investors, analysts and entrepreneurs. Indeed, along with a pivotal shift from high-speed economic growth to high-quality development, driven by factors including more emphasis on…
The Pakistan Stock Exchange (PSX) fell modestly on Thursday as investors remained cautious owing to the dearth of major positive cues that could revive interest and build confidence.At close, the benchmark KSE-100 index posted a decline of 481.40 points, or 0.30%, to settle at 159,096.79. In a major news report, the global indices provider MSCI announced the results of its latest review, where it made changes in global indices constituents, effective from the market close on November 24, 2025. Arif Habib Limited (AHL), in its report, mentioned that Pakistan’s market outperformed the MSCI Frontier Markets Index by 14.6% in fiscal…
Shares of Take-Two Interactive Software sank 7% during after-hours trading on Thursday after Rockstar Games announced a further delay in the release of Grand Theft Auto VI to November 2026.”We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve,” the company said in a post.The game, which is one of the most anticipated video games currently in production, is set to launch Nov. 19, 2026.The first trailer for the game was…
Peloton on Thursday posted its second profitable quarter in a row as it released strong guidance for the crucial holiday shopping season, banking on its relaunched product assortment to drive growth. The connected fitness company posted a surprise net income of $13.9 million in the three months ended Sept. 30, compared with a loss of $900,000 a year earlier. For the current quarter, Peloton’s strongest for hardware sales, the company is expecting revenue to be between $665 million and $685 million, a slight increase from the year-ago period and largely better than Wall Street expectations of $665 million, according to LSEG. Peloton also…