Author: i2wtc

Zohran Mamdani has won the race to lead the largest city in the United States, New York City, capping a heated contest that grabbed the world’s attention. His victory in the mayoral election on Tuesday marks a historic moment for the city of more than 8.4 million people, an economic and cultural powerhouse with international prominence. Mamdani will be the first Muslim, the first person of South Asian descent and the first person born in Africa to lead the city. Zohran Mamdani delivered a defiant victory speech in Brooklyn on Tuesday night after defeating former governor Andrew Cuomo in the…

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesDETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship Gravity SUV.The company, for a second consecutive quarter, also cut the high end of its annual production guidance to around 18,000 vehicles from a previous forecast of between 18,000 and 20,000 units. Its original target for this year was 20,000 units. It also reduced the low end…

Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersQualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: $3.00 adjusted vs. $2.88 expectedRevenue: $11.27 billion vs. $10.79 billion expectedRevenue rose 10% from $10.24 billion a year earlier, Qualcomm said in a statement. Due to an income tax expense, the company recorded a net loss of $3.12 billion, or $2.89 a share, after reporting net income a year earlier…

* The 8th China International Import Expo (CIIE), the world’s first national-level exposition dedicated to imports, opened in Shanghai on Wednesday, showcasing China’s firm commitment to global cooperation, which injects much-needed certainty and stability into the global economy.* According to Vice Commerce Minister Sheng Qiuping, China has been the world’s second-largest import market for 16 consecutive years, with its goods and service imports set to top 15 trillion U.S. dollars during the 14th Five-Year Plan period (2021-2025).* Today, the CIIE has evolved from a platform for showcasing results into a magnet for global resources and a hub for building substantial…

Qatar expresses pride in Pakistan’s achievements, agrees to expand cooperation in defence, agriculture President Asif Ali Zardari met with the Emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, in Doha, where both leaders reaffirmed their resolve to strengthen the historic ties between Pakistan and Qatar. The Emir of Qatar said that his country takes great pride in Pakistan and its achievements. He lauded the role of the Pakistani community in Qatar, expressing a desire to see their numbers grow further. President Zardari conveyed the good wishes of the government and people of Pakistan to the Emir and praised Qatar’s…

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025.Kyle Grillot | Bloomberg | Getty ImagesWith OpenAI’s recent release of its AI browser, the historic level of capital expenditures being made in the current AI arms race may accelerate even further, if that is possible. From the reciprocal, and some have said circular, nature of hundreds of billions in commitments in investment, tied to future chip purchases, to the extent to which GDP growth is reliant on this boom, some have said this…

Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty’s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday.E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion and $1.57 billion, implying 18% to 20% sales growth. That’s far below the $1.65 billion analysts were expecting, according to LSEG. In an interview with CNBC, CEO Tarang Amin said Rhode, which the company acquired earlier this year in a blockbuster $1 billion deal, is expected to…

Clara Shih, who’s now head of business AI at Meta., speaks during the 2024 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesHubSpot announced on Wednesday that Clara Shih, Meta’s head of business AI, has been added to the software company’s Board of Directors.Shih joined Meta last year to lead its artificial intelligence product team, which develops AI tools for businesses, like its digital assistant dubbed Business AI, which debuted last month. She was previously CEO of Salesforce AI. While parts of the tech universe are seeing a big bump…

Nepra officials warned Gepco over the illegal installation of Advanced Metering Infrastructure (AMI) on small meters. They said that the company was installing AMI without approval of the regulator and even without data backup. Photo: file ISLAMABAD: Power distribution companies (DISCOs) have sought the imposition of fixed charges on solar net metering in an apparent move to recover losses. In terms of fixed charges on electricity units exported by net metering users to the extent of transmission and distribution charges, the National Electric Power Regulatory Authority (Nepra) may impose such a levy, said Multan Electric Power Company (Mepco) and Gujranwala…

Elon Musk, CEO of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on March 13, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesTesla sold just 750 electric vehicles in Germany for October 2025, less than half of what it sold a year ago, according to data out Wednesday from the country’s federal transport authority, known as KBA.In October last year, Tesla sold 1,607 EVs in Germany.KBA data shows 434,627 new battery electric vehicles year to date, the KBA data said, up nearly 40% from the same period last year. Of those EVs, 15,595 were Teslas, a decline of 50%…