Author: i2wtc
U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersPresident Donald Trump posted on Saturday a cartoon image depicting him firing Federal Reserve Chairman Jerome Powell.The post on Truth Social was an image of himself pointing his finger and shouting “YOU’RE FIRED!” to Powell, who was holding a box with his belongings. Behind them is a depiction of the seal of the Federal Reserve.The image appears to be…
Minister for Planning and Development Ahsan Iqbal has expressed confidence that the next 10 years of CPEC Phase-II will have a transformative impact on the lives of people. Briefing media persons in Beijing after the 14th meeting of Pakistan-China Joint Coordination Committee, he said the CPEC Phase-II, which has formally been launched, will generate employment opportunities and bring about structural changes in Pakistan’s economy, moving it towards becoming a more advanced economy. He was confident that the outcomes of the Joint Coordination Committee meeting would further accelerate cooperation between Pakistan and China. Iqbal said the second phase of CPEC focuses on…
Julian Alvarez struck twice to earn Atletico Madrid an emphatic 5-2 derby victory over La Liga leaders Real Madrid on Saturday, ending their rivals’ perfect start to the season. Xabi Alonso’s side had won all six of their games but Diego Simeone’s Atletico overran them at the Metropolitano stadium. The hosts took the lead through Robin Le Normand. Kylian Mbappe and Arda Guler netted to put Real Madrid in front but Alexander Sorloth levelled for Atletico at the end of a thrilling first half. Alvarez fired in from the penalty spot and then bent home a free-kick. Antoine Griezmann grabbed…
Prime Minister Shehbaz Sharif presided over a meeting via video link from New York to discuss enhancing trade relations between Pakistan and Malaysia. He highlighted the significant potential for growth in bilateral trade and noted that the government is actively taking practical measures to fully leverage these opportunities. He instructed the relevant authorities to develop a viable and actionable plan specifically for exporting Pakistani beef to Malaysia. The Prime Minister’s Office (PMO) stated that PM Shehbaz directed the preparation and submission of a comprehensive roadmap with particular emphasis on boosting Pakistani beef exports to Malaysia. The meeting included an in-depth…
The Federal Investigation Agency has issued the 13th edition of its Red Book of most-wanted human smugglers. The updated list also includes seven women traffickers. Special anti-human smuggling cells have been formed across the country, while Red notices have also been issued for those hiding abroad. According to the Federal Investigation Agency’s (FIA) latest Red Book of most-wanted smugglers and human traffickers, 143 individuals are wanted in various cases. Cases against these traffickers have been registered in FIA’s Anti-Human Trafficking Circles. The CNICs and passports of these most-wanted smugglers have been blacklisted, while Red Notices have also been issued for those who…
Seven-time champions Australia will once again be the team to beat in the Women’s World Cup as eight teams prepare to battle it out for the trophy in India and Sri Lanka. England have won four titles and New Zealand one, while Pakistan, South Africa, Bangladesh, India and Sri Lanka will be bidding for their maiden crown. Australia have a shot at cricket history when the Women’s World Cup, co-hosted by India and Sri Lanka, begins on September 30. The tournament presents the defending champion Australians, who won three consecutive titles from 1978-1988, with the chance to become the first…
Congress MP Shashi Tharoor has criticised the Indian cricket team for refusing to shake hands with Pakistani players during recent Asia Cup matches, calling it a breach of cricket’s spirit. “Once the decision was made so strongly by Pakistan, we should have played in the spirit of the game and we should have shaken hands, done the normal things that were required,” Tharoor told Asian News International. He recalled the 1999 World Cup in Manchester, played at the height of the Kargil conflict. “On the very day when soldiers were dying for our country, we were playing the World Cup…
Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market.”We could actually have a pretty strong growth economy. Your AI story… [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like it to be,” he told CNBC’s “Fast Money” this week. “That’s a dilemma for the Fed.”Zervos, a CNBC contributor, alluded to the central bank’s full employment and price stability mandate.”Imagine a world maybe where we’re [the economy] growing at three and a half or four [percent.]…
At Sost, the last town before you hit Pakistan’s border with China, no containers had passed through the gates for months. Negotiations repeatedly broke down between the government and traders who don’t want to pay taxes to Islamabad. After stopping and starting, their sit-in finally ended on Saturday after the two sides struck a deal, ending paralysis that was costing millions of dollars. Commercial traffic on the Karakoram Highway would return to normal. I am from Sost, which is why I have been following these updates from Karachi where I now live. The trouble started in July but it seemed…
Pakistan men’s captain Salman Ali Agha said on Saturday that he welcomed his players being aggressive on the field ahead of the first-ever final of an Asia Cup between Pakistan and India. Under fire after two comprehensive losses at the hands of India in the ongoing Asia Cup, the Green Shirts proved they were good enough to make it to the tournament’s final when they edged Bangladesh by 11 runs in their last Super Four outing on Thursday and all that matters now for the side are the title honours. Speaking at the pre-match press conference in Dubai, Salman said:…