Author: i2wtc

Listen to article State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday that the bank is preparing to launch a pilot project for a digital currency and is finalising legislation to regulate virtual assets, as the country ramps up efforts to modernise its financial system. Central banks globally are exploring the use of digital currencies as interest in blockchain-based payments grows. Pakistan’s move follows similar steps by regulators in China, India, Nigeria and several Gulf states to test or issue digital currencies through controlled pilot programmes. At the Reuters NEXT Asia summit in Singapore, Ahmad said Pakistan was “building up…

The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025.Julian Stratenschulte | Picture Alliance | Getty ImagesAmazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units that are used for artificial intelligence workloads.Nvidia’s GPUs, which have powered the generative AI boom, require massive amounts of energy. That means companies using the processors need additional equipment to cool them down.Amazon considered erecting data centers that could accommodate widespread liquid cooling to make the most…

U.S. President Donald Trump answers questions during a multilateral lunch with African leaders in the State Dining Room of the White House July 9, 2025 in Washington, DC. Win McNamee | Getty ImagesPresident Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports starting Aug. 1, partly in retaliation for the ongoing prosecution of the country’s former president, Jair Bolsonaro.Trump said in a letter that the new tariff — a massive jump from the 10% rate the U.S. imposed on Brazil in early April — is also a response to the “very unfair trade relationship” between…

Astronauts Cai Xuzhe (C), Song Lingdong (R) and Wang Haoze from China’s Shenzhou-19 crewed mission salute during a press conference in Beijing, capital of China, July 9, 2025. The three astronauts met the press on Wednesday, their first public appearance after returning to Earth in April. (Xinhua/Li Yanchen)BEIJING, July 9 (Xinhua) — The three astronauts from China’s Shenzhou-19 crewed mission met the press in Beijing on Wednesday, their first public appearance after returning to Earth in April.Astronauts Cai Xuzhe, Song Lingdong and Wang Haoze are in good physical and mental health and their medical examination results are all normal. Their…

Listen to article ISLAMABAD: The Chinese Air Force Chief on Tuesday praised Pakistan Air Force’s (PAF) exemplary performance in the recent Pakistan-India conflict and expressed interest in learning from PAF’s battle-proven experience in multi-domain operations. Leading a high-level defence delegation led by Lt-Gen Wang Gang, Chief of Staff of People’s Liberation Army Air Force, visited the Air Headquarters in Islamabad to meet Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff. The visit of the top Chinese air force officer came two months after Pakistan shot down six Indian fighter jets, including three highly-advanced French-made Rafale. The story made…

Linda Yaccarino on Wednesday announced she is stepping down as CEO of Elon Musk’s social media site X after two years in the role.Yaccarino’s departure comes one day after Musk’s artificial intelligence chatbot Grok repeatedly made antisemitic comments and referenced Hitler in response to posts about the Texas flooding.Grok is built by Musk’s company xAI, which merged with X in March in an all-stock transaction that values the AI company at $80 billion and the social media company at $33 billion.”When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime…

Reverend Alberto Rojas, Bishop of the Diocese of San Bernardino Ordaining Prelate and Principal Celebrant, leads the Ordination to the Priesthood mass at St. Paul the Apostle Catholic Church in Chino Hills on Saturday, May 20, 2023.Will Lester | Medianews Group | Getty ImagesA Catholic bishop in California has issued a rare decree allowing parishioners to miss Mass due to fears of raids by U.S. Immigration and Customs Enforcement.Bishop Alberto Rojas of the Diocese of San Bernardino wrote that “such fear constitutes a grave inconvenience that may impede the spiritual good of the faithful.”Catholic bishops have occasionally granted Mass exemptions…

Listen to article LAHORE: The Walled City of Lahore Authority (WCLA) has successfully completed 70% of the conservation work on the historic Anarkali Tomb, marking a significant achievement in the preservation of one of Lahore’s most iconic Mughal-era monuments. The restoration project, which commenced in July 2024, is being executed at a cost of Rs124 million. It is expected to be completed by June 2026. According to WCLA officials, the aim of the project is to restore the tomb’s original architectural features while ensuring the structural integrity and long-term preservation of the site. Key components of the restoration work completed so far…

Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week, an event that is often referred to as “summer camp for billionaires.”Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were all pictured entering the lodge.Wednesday’s agenda includes interviews with Amazon CEO Andy Jassy, Treasury Secretary Scott Bessent and IAC Chairman Barry Diller, sources told CNBC’s Julia Boorstin.When he arrived on Tuesday, Altman said he is not concerned about the artificial intelligence talent war and that he would talk to Meta CEO…

Listen to article ISLAMABAD: Pakistan and Turkiye have reaffirmed their commitment to deepen bilateral cooperation across key sectors, including defence, trade, energy, culture, education, and infrastructure, with both countries aiming to boost bilateral trade to $5 billion. “We are aiming to increase our commercial relations to $5 billion by enhancing cooperation in diverse areas, including energy, mining, education, and transportation,” said Turkish Foreign Minister Hakan Fidan during a joint press conference with Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad on Wednesday. Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, had a fruitful and productive meeting with Minister of…