Author: i2wtc

Chinese President Xi Jinping meets with Russian Prime Minister Mikhail Mishustin at the Great Hall of the People in Beijing, capital of China, Nov. 4, 2025. (Xinhua/Li Xiang)BEIJING, Nov. 4 (Xinhua) — Chinese President Xi Jinping met with Russian Prime Minister Mikhail Mishustin on Tuesday in Beijing, calling for enhanced cooperation on multiple fronts and better synergy of development strategies.Xi said that since the beginning of this year, China and Russia have steadfastly navigated a turbulent external environment with great composure, aiming for higher-level and higher-quality development goals. He added that maintaining, consolidating and advancing bilateral relations is a strategic…

BANNU/ RAWALPINDI: Security forces on Monday killed three terrorists belonging to Fitna al-Khawarij in two separate operations in North Waziristan and Tank districts, as five police personnel were injured the same day in an armed attack on the North Waziristan district police officer’s (DPO) convoy near Bannu, officials said. The incidents come amid the continuing terror threat in Khyber- Pakhtunkhwa’s border belt, where cross-border infiltration attempts and targeted assaults on security personnel have intensified in recent months. The DPO narrowly escaped the attack, which occurred amid heightened security operations across K-P. According to Bannu Regional Police Officer (RPO) Sajjad Khan,…

HONG KONG, CHINA – 2025/03/01: In this photo illustration, Artificial intelligence (AI) apps of perplexity, DeepSeek and ChatGPT are seen on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesAs companies pour billions into artificial intelligence, HSBC CEO Georges Elhedery on Tuesday warned of a mismatch between investments and revenues.Speaking at the Global Financial Leaders’ Investment Summit in Hong Kong, Elhedery said the scale of investment poses a conundrum for companies: while the computing power for AI is essential, current revenue profiles may not justify such massive spending.Morgan Stanley in July estimated that over the next five years, global data…

Whether or not markets are getting ahead of themselves over artificial intelligence is a hot topic for investors right now.Last week, billionaire investor Ray Dalio said his personal “bubble indicator” was relatively high, while Federal Reserve Chair Jerome Powell described the AI boom as “different” from the dotcom bubble.For Magnus Grimeland, founder of Singapore-based venture capital firm Antler, it’s clear the market is not overheating. “I definitely don’t think we’re in a bubble,” he told CNBC’s “Beyond the Valley” podcast, listing several reasons.The speed at which AI is being adopted by businesses is notable compared to other tech shifts, Grimeland…

Proposals include creation of constitutional court, Changes in Article 160(3)A, Article 243 on cardsPakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari addresses a media briefing at the UN Headquarters in New York, US on June 3, 2025. SCREENGRAB ISLAMABAD: The federal government has set in motion the process for the 27th Constitutional Amendment, proposing significant changes to various articles of the Constitution, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari revealed on Monday. His statement followed a recent meeting with Prime Minister Shehbaz Sharif, which has triggered intense debate among political circles across the country, where the proposed constitutional changes…

Country is emerging as a reliable partner at the global level, says defence minister at a seminar in IslamabadDefence Minister Khawaja Muhammad Asif during an interview. Photo: Reuters Defence Minister Khawaja Asif has said that Pakistan’s foreign policy has entered a new phase and that the country’s relations with the United States, China, Saudi Arabia and the United Arab Emirates are improving. Addressing a seminar organised by the Institute of Regional Studies in Islamabad on Monday, he said Pakistan is now emerging as a reliable partner on the global stage and that Pakistan’s relations with Saudi Arabia have now entered a new era,…

Alex Karp, Palantir CEO, joins CNBC’s ‘Squawk on the Street’ on June 5, 2025. CNBCPalantir CEO Alex Karp took on a familiar target during the company’s earnings call on Monday: His critics.”Please turn on the conventional television and see how unhappy those that didn’t invest in us are,” Karp said, after the data analytics company reported better-than-expected third-quarter results. “Enjoy, get some popcorn, they’re crying. We are every day making this company better and we’re doing it for this nation, for allied countries.”Palantir shares are up 25-fold in the past three years, lifting its market cap to over $490 billion…

Finance, energy and IT ministers, along with FBR chairman, address a joint press conference in IslamabadScreen grab shows Minister of Energy and Finance Minister in a press briefing. PHOTO: SCREEN GRAB/ EXPRESS Top cabinet ministers have announced a series of far-reaching reforms in the areas of taxation, energy, privatisation, and digital governance aimed at stabilising Pakistan’s economy and improving state efficiency. Finance Minister Muhammad Aurangzeb, alongside Federal Ministers Awais Leghari and Shaza Fatima Khawaja, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, and Finance Secretary, addressed a joint press conference in Islamabad on Monday. Langrial reported a significant increase…

CFOTO | Future Publishing | Getty Images The “everything store” might have secured its biggest customer yet.On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure.On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree as it looks to secure resources to run its power-hungry artificial intelligence models.On the other, OpenAI’s turn to Amazon shows that the firm is diversifying from its reliance on Microsoft, which had been its exclusive cloud services provider until this year. That could suggest OpenAI is getting…

KARACHI: The Pakistan Stock Exchange extended its bullish momentum on Monday, continuing last week’s rally with a session of positive consolidation. The benchmark KSE-100 Index gained 1,172 points, or 0.72%, to close at 162,803. The market opened on a strong note, driven by sustained investor optimism, and touched an intraday high of 163,935 points—up 2,303 points or 1.43%—before mild profit-taking pared some early gains, said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. On the economic front, October 2025 inflation rose to 6.2% year-on-year, the highest since October 2024, compared to 5.6% in September. The increase was attributed…