Author: i2wtc

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersTesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 trillion worth of stock over the next decade.There’s little mystery to the outcome.The electric vehicle company has suggested that shareholders approve the plan. Between Musk’s substantial ownership and a hefty base of retail investors who almost always vote with the CEO, the numbers are difficult for the…

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025.Jeenah Moon | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Investment firms of ultra-rich families have scaled back their deal-making throughout 2025, and the last quarter of the year is not off to a promising start. In October, family offices made 51 direct investments, down 63% on an annual basis, according to data provided…

Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, hears a work report on the building of the Hainan Free Trade Port (FTP) and delivers an important speech in Sanya, south China’s Hainan Province, Nov. 6, 2025. (Xinhua/Xie Huanchi)SANYA, Nov. 6 (Xinhua) — Chinese President Xi Jinping on Thursday stressed adopting high standards for building the Hainan Free Trade Port (FTP).Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks when hearing a…

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023.Mike Blake | ReutersEli Lilly on Thursday said it will start late-stage trials on its experimental amylin obesity drug next month after it showed encouraging results in a mid-stage study.The highest dose of the weekly injection, called eloralintide, helped patients with obesity or who are overweight lose 20.1% of their body weight on average at 48 weeks. The results support the pharmaceutical giant’s efforts to bring next-generation treatments to the blockbuster weight loss drug market, and solidify its dominance in the segment. The data bolsters Eli Lilly’s chances of…

Upcoming dialogue is a follow-up to earlier talks that produced a last-minute interim deal 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 Pakistan and the Afghan Taliban regime are set to hold crucial talks in Istanbul amid heightened tensions following deadly border clashes and Pakistan’s growing frustration over continued cross-border attacks by the banned Tehreek-e-Taliban Pakistan. Pakistani delegation led by Director General of Inter-Services Intelligence (ISI) and National Security Advisor Lt Gen Asim Malik…

ISLAMABAD: Pakistan and Germany on Wednesday successfully concluded the bilateral negotiations on development cooperation in Islamabad, as Germany announced a new financial and technical commitment to the tune of €114 million for the period of 2025-26. The development package focuses on key areas as climate and energy (just transition), sustainable economic development and vocational training, and social protection. The negotiations were co-chaired by Muhammad Humair Karim, Secretary, Ministry of Economic Affairs and Christine Toetzke, Director-General of the Federal Ministry for Economic Cooperation and Development (BMZ). Ina Lepel, Ambassador of Germany to Pakistan, and Saqlain Syeda, Ambassador of Pakistan to Germany,…

Jensen Huang attends a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace in London, Brirain, Nov. 5, 2025. Yui Mok | Via ReutersNvidia CEO Jensen Huang reportedly told the Financial Times on Wednesday that “China is going to win the AI race,” only to release a notably softer statement soon after. The prolific tech leader was speaking on the sidelines of the FT’s Future of AI Summit, where he warned that China would beat the U.S. in artificial intelligence thanks to lower energy costs and looser regulations.The comments, which CNBC could not verify independently, would represent…

President Asif Ali Zardari speaks with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani during a meeting in Doha. Photo: INP ISLAMABAD: President Asif Ali Zardari, on Wednesday, emphasised the importance of expanding cooperation between Pakistan and Qatar in joint exercises, defence technology and exchange of expertise, noting that such initiatives would further enhance regional peace and stability. He underscored the close and historic ties between Pakistan and Qatar, particularly in the field of defence and security cooperation. The president expressed satisfaction over the existing collaboration between the armed forces of the two countries in training, capacity building and defence…

An aerial drone photo taken on Sept. 3, 2025 shows a China-Europe freight train entering a rail port in Erenhot, north China’s Inner Mongolia Autonomous Region. (Photo by Guo Pengjie/Xinhua)HOHHOT, Nov. 6 (Xinhua) — During the 14th Five-Year Plan period (2021-2025), the number of China-Europe freight trains passing through the Erenhot Port, the largest land port between China and Mongolia, has exceeded 15,000, according to Hohhot Customs in north China’s Inner Mongolia Autonomous Region.As the sole transit port for the “middle corridor” of the China-Europe freight train network, Erenhot now operates 74 routes connecting over 140 cities and stations across…

China expanded its market access by reducing tariffs to 7.3%, increasing free trade partners to 308th China International Import Expo (CIIE) kicked off in Shanghai on November 05. Photo: China Xinhua News/X Chinese Premier Li Qiang reaffirmed that China will continue to pursue high-quality growth and promote high-standard opening up, pledging new contributions to the stability and recovery of the global economy. Premier Li made these remarks on Wednesday in his keynote address at the opening ceremony of the 8th China International Import Expo (CIIE) and the Hongqiao International Economic Forum in Shanghai, according to Xinhua news agency. This year’s…