Author: i2wtc

Indian Prime Minister Narendra Modi met with Prime Minister Mark Carney at the G7 summit on Tuesday. Canada’s intelligence agency warns in a new report that the country remains a source of foreign interference. PHOTO: THE CANADIAN PRESS ISLAMABAD: Pakistan on Thursday expressed concern over a long-term uranium supply agreement and nuclear cooperation arrangement concluded between India and Canada during the recent visit of Canadian Prime Minister Mark Carney to New Delhi, warning that such country-specific arrangements risk undermining the global nuclear non-proliferation framework and destabilising the strategic balance in South Asia. The agreement, which includes long-term uranium supply and…

The US Customs and Border Protection (CBP) headquarters in Washington, DC, US, on Wednesday, May 10, 2023.Bloomberg | Bloomberg | Getty ImagesU.S. Customs and Border Protection told a Court of International Trade judge on Friday that it is not currently able to comply with his order to begin refunding reciprocal tariffs imposed last year by President Donald Trump, which the Supreme Court recently ruled are illegal.CBP in the same court filing told Judge Richard Eaton that the total amount of so-called IEEPA tariffs collected as of Wednesday by the agency and estimated duty deposits related to such tariffs “is approximately…

Toyota Motor Corp. vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan, on Tuesday, April 29, 2025. Toru Hanai | Bloomberg | Getty ImagesDETROIT — Toyota Motor, Hyundai Motor and Chinese automakers such as Chery face the most potential impact of non-domestic automakers from the U.S.-Israel war with Iran, according to an analysis by Bernstein.Those international automakers account for roughly a third of sales in the Middle East, according to the report, led by Toyota at 17%, Hyundai at 10% and Chery at 5%. In Iran specifically, Bernstein reports Iranian automakers Iran Khodro and SAIPA…

Marvell shares popped 18% on Friday as the company posted an earnings beat and issued strong guidance, expecting strong artificial intelligence demand to continue.The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2 billion in fourth-quarter revenue, topping a forecast of $2.1 billion.”Look at our results that we’re guiding. Look at our outlook for this year. Look at our outlook for next year. Do you see me blinking? You don’t,” CEO Matt Murphy told analysts on the earnings call.Murphy said…

Araghchi says ready and ‘waiting’ for US invasion; Tehran strike sparks Bahrain refinery blazeSmoke rises above the city skyline in Riyadh, amid the US-Israeli conflict with Iran. Photo: Reuters WASHINGTON: Iran is “waiting for” and prepared to counter any ground invasion by the US military, Foreign Minister Abbas Araghchi said Thursday, as the Middle East war unleashed by US-Israeli attacks on Iran has swelled outwards to Cyprus, Sri Lanka, Turkey and Azerbaijan, and risks drawing more countries into the conflict. Moreover, a spokesperson for the Khatam al-Anbiya Central Headquarters said the aircraft carrier USS Abraham Lincoln was struck by drones…

A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop.Jim Watson | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month as dealers sped to increase inventories amid expectations of a robust spring selling season.Cox Automotive on Friday reported its Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 4% in February compared…

IMF objects to Rs1tr power subsidy. Design: Mohsin Alam ISLAMABAD: The International Monetary Fund (IMF) has objected to Pakistan’s proposal to allocate nearly Rs1 trillion for power subsidies in the next fiscal year, including over Rs500 billion to cover electricity theft and inefficiencies. The continued bleeding of the power sector and mammoth budgetary allocations every year negate the government’s claim that it has improved the sector’s performance during the past two years. Government sources said the Power Division informed the IMF that it may need Rs990 billion in power subsidies for fiscal year 2026-27, starting in July. The amount is…

U.S. President Donald Trump takes questions from the media during a bilateral meeting with German Chancellor Friedrich Merz in the Oval Office of the White House on March 03, 2026 in Washington, DC.Win Mcnamee | Getty ImagesPresident Donald Trump said Friday there would be no deal to end the U.S. war against Iran without an “unconditional surrender” by Iran.The Dow Jones Industrial Average dropped more than 900 points, or nearly 2%, after Trump’s demand, which he made in a post on Truth Social. The S&P 500 and Nasdaq Composite fell 1.6% each.Trump said that it and when Iran surrenders, and after…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. As if this week wasn’t newsy enough, we’re minutes away from February’s jobs report.Stock futures are down this morning after a losing day.Here are five key things investors need to know to start the trading day:1. Ups and downsA trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty ImagesInvestors have been on a roller coaster ride this week, as the U.S.-Iran war rattles markets. Now,…

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has directed chief executive officers of oil marketing companies (OMCs) to ensure uninterrupted supply of petroleum products to retail outlets amid geopolitical concerns over the Middle East conflict. The regulator has warned of strict action against those involved in oil hoarding to pocket money from consumers by creating artificial shortage of fuel. “In view of the prevailing geopolitical situation and potential market sensitivities, all oil marketing companies are directed to ensure uninterrupted supply and smooth distribution of motor spirit (petrol) and high-speed diesel across their retail networks nationwide,” Ogra said in a…