Author: i2wtc

This photo taken on Oct. 29, 2025 shows the opening ceremony of the “2025 Forum on the Development of Xizang, China” in Nyingchi City, southwest China’s Xizang Autonomous Region. The forum held here on Wednesday brought together officials and experts from across the world to share insights and expertise for the region’s sustained progress. (Xinhua/Jiang Fan)LHASA, Oct. 29 (Xinhua) — More than 400 government officials, diplomats, experts from various fields, and enterprise and media representatives from 44 countries and regions gathered on Wednesday in southwest China’s Xizang Autonomous Region to share their insights and expertise for the region’s sustained progress.The…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg is sounding a familiar tune when it comes to artificial intelligence: better to invest too much than too little.On his company’s third-quarter earnings call on Wednesday, Zuckerberg addressed Meta’s hefty spending this year, most notably its $14.3 billion investment in Scale AI as part of a plan to overhaul the AI unit, now known as Superintelligence Labs.Some skeptics worry that the spending from Meta and…

The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.Ore Huiying | Bloomberg | Getty ImagesEli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials of the blockbuster injection at direct-to-consumer prices through retail locations for the first time. The announcement comes as Eli Lilly works to maintain its dominance over rival Novo Nordisk in the booming market for a class of obesity and diabetes drugs called GLP-1s. It also comes as the…

AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up to the hype, but many remain optimistic on the long-term view. CNBC surveyed fund managers to find out what they think makes a bubble — and whether the signs are there today. Expectations vs. reality Blue Whale Growth Fund Chief Investment Officer Stephen Yiu says…

The Supreme Court rejected Pakistan Tehreek-e-Insaf leader Shibli Faraz’s plea to suspend the Senate election for his vacated seat on Wednesday, ruling that it would not intervene in the electoral process. A five-member constitutional bench, headed by Justice Aminuddin Khan, heard the case. The Supreme Court (SC) set aside the Peshawar High Court’s (PHC) earlier decision to indefinitely adjourn the matter and directed it to hear both parties and decide the pending petition on merit. A special anti-terrorism court (ATC) in Faisalabad had earlier sentenced Pakistan Tehreek-e-Insaf (PTI) leaders Shibli Faraz and Omar Ayub to 10 years in prison each…

U.S. Food and Drug Administration Commissioner Marty Makary speaks during a press conference alongside U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, discussing administration plans to lower drug costs, at the Department of Health and Human Services in Washington, D.C., U.S., Oct. 29, 2025. Annabelle Gordon | ReutersThe Food and Drug Administration on Wednesday said it will take steps to speed up the process of developing generic versions of complex biological drugs, in a bid to increase cheaper competition for expensive medicines and lower drug costs for…

Asif accuses Taliban of dragging Afghanistan into new conflict to protect rule, wartime economy’Poisonous’ statements by Afghan officials hint at growing discord within Taliban leadership: Asif Defence Minister Khawaja Asif has warned that, if necessary, Pakistan could defeat the Taliban regime and set an example for the world. Commenting on the failed talks in Istanbul, Khawaja Asif said the Afghan Taliban regime had repeatedly sought negotiations with Pakistan through “brotherly countries”, and Pakistan had accepted the offer in the interest of peace. He added that some “poisonous” statements by Afghan officials suggested growing discord and duplicity within the Taliban leadership,…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 flipped between positive and negative Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was not a foregone conclusion. Powell’s comments came during his post-Fed meeting news conference and after central bankers decided to reduce rates by a quarter-point for the second time this year. There were two dissenters: Fed Gov. Stephen Miran voted for a half-point cut, while Kansas…

Chinese President Xi Jinping and U.S. President Donald TrumpSergey Bobylev | Kent Nishimura | ReutersA high-stakes meeting between President Donald Trump and Chinese President Xi Jinping could yield a breakthrough in the quarrelsome trade relationship between the two economic superpowers.But while both the Trump administration and Beijing are projecting optimism ahead of the sit-down, specifics about the summit remain unclear — and some experts are skeptical of the White House’s confidence.Phil Luck, director of the economics program at the Center for Strategic and International Studies, said he was expecting an outcome that is “relatively minor, relatively vague” and “not awe…

A man holds a sign reading “SNAP Feeds Families,” as food aid benefits will be suspended starting November 1 amid the ongoing U.S. government shutdown, during “A Rally for SNAP” on the steps of the Massachusetts Statehouse in Boston, Massachusetts, U.S., October 28, 2025. Brian Snyder | ReutersNearly 42 million Americans are days away from missing their monthly food stamp check as the government shutdown enters its 28th day.The Trump administration has said funds for the Supplemental Nutrition Assistance Program, or SNAP, will not be distributed if the federal government is still shut down on Nov. 1. With little movement…