Author: i2wtc
Walmart shares fell roughly 6% in afternoon trading Thursday, as the big-box retailer said profit growth will slow this fiscal year even as sales continue to climb.Walmart said holiday-quarter revenue rose about 4% and e-commerce sales shot up 20% in the U.S., as growth in store pickup and home deliveries and gains with upper-income shoppers boosted results. But its outlook disappointed Wall Street.In the fiscal year ahead, the discounter said it expects net sales to grow 3% to 4% and adjusted operating income to increase between 3.5% to 5.5% on a constant currency basis. The company said that includes a…
Gupta’s ascent to power hands control of the capital city to Prime Minister Modi’s party for the first time in 27 years.A member of India’s ruling Hindu-nationalist party has been sworn in as chief minister of Delhi, handing the party control of the capital for the first time in decades after landslide elections. Rekha Gupta, 50, of Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) was sworn in as the top official of the Indian capital on Thursday, becoming the fourth woman to hold the post of the sprawling megacity of more than 30 million people. “I will faithfully and…
Wang Jianwei (front), a professor at Peking University, displays a Silicon-based photonic quantum chip wafer while posing for photos with his team members in a laboratory of Peking University in Beijing, capital of China, Feb. 18, 2025. Chinese scientists have achieved a major breakthrough in integrated photonic quantum chips by demonstrating the first “continuous-variable” quantum multipartite entanglement and cluster states on the chip. The breakthrough addresses a critical gap in the development of photonic quantum chips and lays the foundation for scalable quantum entanglement, with potential applications in quantum computing and quantum networks. The research, led by scientists from Peking…
Gujjar community faces violence in Ganderbal, J&K in what is not just a land dispute, but a fight for survival. In Jammu and Kashmir Ganderbal District tensions erupted in the remote village of Mamer located in Kangan Tehsil after officials from the Forest Department allegedly assaulted members of Gujjar community who were protesting against the construction of a nursery near the settlement. The tribal community has expressed strong opposition to the project, fearing it would lead to the displacement and loss of vital grazing land that they rely on for their livelihoods. What was intended to be a straightforward environmental…
Despite all beliefs to the contrary, the billionaires who have been seen in President Donald Trump’s orbit since he won the presidency for a second time last November are not mere sycophants to his regime. Former Washington Post political cartoonist Ann Telnaes should know. Last month, Telnaes quit her job after her editor refused to publish what turned out to be her last cartoon for the newspaper. In it, Telnaes drew Amazon and Washington Post owner Jeff Bezos, Los Angeles Times owner Patrick Soon-Shiong, OpenAI billionaire Sam Altman, Meta’s Mark Zuckerberg, and Mickey Mouse (representing media giant Disney/American Broadcasting Company)…
Daniel Craig stars as James Bond in “No Time To Die.”Source: MGMAmazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday.The James Bond films have long been produced by Michael Wilson and Barbara Broccoli, who inherited the control from their father Albert “Cubby” Broccoli. Wilson and Broccoli will now give creative control to MGM Studios, which Amazon acquired for $8.45 billion in 2021.Amazon gained distribution rights to the Bond franchise after the MGM acquisition, but not creative control.As part of the deal, Amazon’s MGM Studios, Wilson and Broccoli…
Coca-Cola is attempting to capitalise on Pakistan hosting its biggest cricket event in nearly 30 years, and steal the spotlight away from the host nation’s official team sponsor Pepsi, by tapping into the country’s love of “tape-ball cricket”. International fixtures were halted in Pakistan after a 2009 attack on the Sri Lankan cricket team bus and only began returning in 2018. Companies in Pakistan are now eyeing the Champions Trophy, which started on Wednesday, as one of the most valuable marketing opportunities in decades. Unable to attach its brand to Pakistan’s national team, who are sponsored by Pepsi, Coca-Cola’s latest…
Friedrich Merz, Union candidate for chancellor and CDU federal chairman, joins the “Quadrell” TV round in the Bundestag election campaign.Michael Kappeler | Picture Alliance | Getty ImagesFriedrich Merz, migration hard-liner and longtime rival of Angela Merkel, is expected to become Germany’s next chancellor. His party the Christian Democratic Union is leading polls alongside its affiliate the Christian Social Union just days before the election.Back in September, Merz was elected as the CDU party’s designated candidate for chancellor in this year’s federal elections, after leading the organization and heading the opposition CDU-CSU parliamentary group since 2022. The CSU is a regional…
Montreal, Canada – Palestinian families are suing the Canadian government over delays in the issuance of visas meant to allow them to escape Israel’s deadly war in Gaza and receive temporary protection in Canada. Filed in the Federal Court of Canada this month, on behalf of 53 Palestinians in the Gaza Strip with family members in Canada, the lawsuit alleges that the country’s special visa programme has been plagued by inefficiencies. Hana Marku, a Toronto lawyer representing the families, said all of her clients submitted a form expressing interest in the visas within the first month of the scheme’s launch…
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCPresident Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes.The jets are years behind schedule. Trump negotiated the $4 billion contract for the aircraft during his first term, and it isn’t clear whether they’ll be ready during his current one. Cost overruns have totaled more than $2 billion to date.Trump advisor Elon Musk is working with Boeing in hopes of delivering the aircraft faster, the manufacturer’s chief executive, Kelly Ortberg, reiterated on…