Author: i2wtc

DPM assures Senate bill will follow due process; Consultations with all allies to precede legislationDeputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar. Photo: SCREENGRAB ISLAMABAD: Deputy Prime Minister and Leader of the House Ishaq Dar assured the Senate on Tuesday that the proposed 27th constitutional amendment was a government’s initiative and it would be introduced only after thorough consultation with coalition partners. The House met with Senator Manzoor Ahmad in the chair, as Chairman Senate Yusuf Raza Gilani is currently acting as President, while the Deputy Chairman was unavailable. After procedural matters were taken up, the session witnessed…

Zohran Mamdani, Democratic candidate for mayor speaks during a press conference celebrating his primary victory with leaders and members of the city’s labor unions on July 2, 2025 in New York.Angela Weiss | Afp | Getty ImagesDemocrats made a clean sweep in the three biggest contested elections in the United States on Tuesday night.The winners include Zohran Mamdani, a Muslim and self-described democratic socialist who will become the next mayor of New York City, according to NBC News projections.In New Jersey, Mikie Sherrill is projected to become the next governor.And in Virginia, Abigail Spanberger will become the state’s first female…

Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July.Picture Alliance | Picture Alliance | Getty ImagesNvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup ecosystem.The U.S. chipmaker has joined the India Deep Tech Alliance (IDTA) — a group of private equity and venture capital investors pledging $2 billion for deep tech investments — as a founding member. Deep tech startups are an umbrella term for emerging companies in semiconductors, space, AI,…

AMD CEO Lisa Su speaks at a Senate Commerce, Science, and Transportation Committee hearing in Washington on May 8, 2025. The leaders of some of the biggest technology and artificial intelligence companies will go to Congress on Thursday with a wish list of sorts that at its top has doing away with regulation they say inhibits their firms’ growth and by default, sends business to China.Nathan Howard | Bloomberg | Getty ImagesAdvanced Micro Devices reported fiscal third-quarter results that exceeded Wall Street expectations, but gave margin guidance was inline with estimates. The stock fell almost 5% in extended trading.Here’s how…

Households bear expensive LNG import costs as industries abandon high-cost fuel but govt reliance persists After decades of reliance on imported and local fossil fuels, Pakistan is shifting towards cheaper and cleaner choices. In FY24, shrinking energy supplies and declining consumption defined Pakistan’s energy story. Weak demand and rising fuel costs are driving a gradual move away from fossil fuel dependence. Economic pressures reshape energy use The Pakistan Energy Market Review (PEMR) 2025 by Renewables First reveals that Pakistan’s primary energy supplies declined for the second consecutive year in FY24, while final energy consumption dropped sharply due to affordability constraints…

Jared Isaacman, U.S. President Donald Trump’s nominee to be administrator of the National Aeronautics and Space Administration (NASA) testifies during a Senate Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 9, 2025. Ken Cedeno | ReutersPresident Donald Trump has renominated Jared Isaacman to run NASA after pulling his prior nomination months ago due to what the president called a “thorough review of prior associations.””Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead…

DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with Volkswagen and its software and services business.Here’s what Wall Street expected, based on average analysts’ estimates compiled by LSEG:Loss per share: 65 cents adjusted vs. a loss of 72 cents expectedRevenue: $1.56 billion vs. $1.5 billion expectedRivian stock was up more than 3% in extended trading Tuesday, after closing down 5.2% at $12.50 per share. The stock is off roughly 6% this year.Regarding its gross profit, which is closely watched by investors, the…

Barrister Gohar expresses concerns over 27th Constitutional Amendment, urges need for consensus The founder of Pakistan Tehreek-e-Insaf, Imran Khan, has stated that there will be no negotiations with the government or the establishment, emphasising that any discussions will be conducted solely through Mahmood Khan Achakzai, the leader of the opposition alliance. Following a meeting of the party founder with Dr Uzma Khan and Aleema Khan on Tuesday, Dr Uzma spoke to the media and revealed that she had provided Imran with the latest updates. She quoted him as saying that talks with the government were not possible. “What negotiations can there…

Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come, another so-called crypto winter (a prolonged bear market in cryptocurrencies) that the market wrestles with every time digital currencies sell off hard in a short period of time.But Bitwise chief investment officer Matt Hougan says that while the retail investor is in “max desperation” mode, he sees that as a reason to bet that a bottoming in crypto prices may materialize sooner rather than later. With Wall Street institutional investor and financial advisor support for bitcoin, and growth in crypto ETFs,…

Voters cast their ballots at a polling station at the Ida Lee Recreation Center in Leesburg, Virginia, US, on Tuesday, Nov. 4, 2025. Graeme Sloan | Bloomberg | Getty ImagesIn Virginia’s closely watched gubernatorial race, Democrats appear to have benefited from a small but decisive bloc of voters who harbor unfavorable views of both major political parties, according to NBC News exit polls.That Democratic advantage there among disaffected voters mirrors trends seen in other contests Tuesday, including the New Jersey governor’s race and the New York City mayoral election, NBC reported.In Virginia, 41% of voters said that they had a…