Author: i2wtc

U.S. Secretary of Commerce Howard Lutnick speaks during an interview with CNBC on the floor at the New York Stock Exchange on Sept. 11, 2025.Brendan McDermid | ReutersCommerce Secretary Howard Lutnick said Thursday that the U.S. will equally share profits with Japan from projects funded by the Asian country through its tariff deal until the initial investment is recouped.Tokyo agreed to earmark $550 billion for investment in American-based projects selected by the U.S. government as part of a deal finalized last week. President Donald Trump said Japan will now face 15% baseline tariffs and some sector-specific levies under the two…

The hearing on a petition to remove Baloch Yakjehti Committee (BYC) leader Mahrung Baloch’s name from the Exit Control List (ECL) turned intense on Thursday, with a verbal altercation breaking out between Islamabad High Court (IHC) Chief Justice Sardar Sarfraz Dogar and the petitioner’s counsel, advocate Imaan Mazari. You should keep your mouth shut and stay within the limits of respect,” said CJ Dogar, irked by prior remarks made by Mazari apparently outside the scope of the case. He referred to her calling him a “dictator” and declined to issue any directives on the matter at hand. During the hearing,…

Safra A. Catz, CEO of Oracle, on Oct. 7, 2024.Marco Bello | ReutersOracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company’s upcoming growth is coming from a single client: OpenAI.The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had “signed four multi-billion-dollar contracts with three different customers” in the latest quarter. The company’s remaining performance obligation, a measure of contracted revenue that has not yet been recognized,…

Former Brazilian president Jair Bolsonaro was convicted by a Supreme Court majority on Thursday of plotting a coup to remain in power after losing the 2022 election, a powerful blow to the populist far-right movement he created.The presumptive ruling by a majority of a panel of five justices in Brazil’s Supreme Court makes Bolsonaro the first former president in the country’s history to be convicted for attacking democracy.”This criminal case is almost a meeting between Brazil and its past, its present, and its future,” Justice Carmen Lucia said before she voted to convict Bolsonaro of attempting a coup, a reference…

Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via ReutersA version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Tesla said it needed to incentivize CEO Elon Musk with a record-breaking pay package in order to compete with his private companies, according to a proxy the company filed last week.The filing outlines a share award that could be worth…

Prime Minister Shehbaz Sharif on Thursday condemned an Israeli strike on Doha as a “blatant violation” of Qatar’s sovereignty and international law, pledging Pakistan’s full solidarity with the Gulf state and calling for unity in the Muslim world. During an official visit to express support after Tuesday’s attack, PM Shehbaz met Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and conveyed “Pakistan’s strongest condemnation” of what he called Israel’s “brazen aggression” in the Middle East. He also offered condolences for the loss of life and prayed for the recovery of the injured. Prime Minister of Pakistan, Muhammad Shehbaz Sharif during his…

Skipper Litton Das top-scored with 59 as Bangladesh beat a spirited Hong Kong by seven wickets in their first match of the Asia Cup on Thursday. Hong Kong posted 143-7 after Nizakat Khan made 42 in the T20 meeting in Abu Dhabi, where the minnows were invited to bat first. Bangladesh lost two early wickets in their chase to raise Hong Kong’s hopes of an upset, but Litton put on a stand of 95 with Towhid Hridoy, who made an unbeaten 35, to reach 144-3 in 17.4 overs. Litton reached his 50 in 33 balls but fell to medium-pace bowler…

Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025.Victor J. Blue | Bloomberg | Getty ImagesParamount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter.Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings.Shares of Warner Bros. Discovery soared more than 25% on Thursday after an initial report from the the Wall Street Journal that the recently merged Paramount…

In this photo illustration a virtual friend is seen on the screen of an iPhone on April 30, 2020, in Arlington, Virginia.Olivier Douliery | AFP | Getty ImagesThe Federal Trade Commission on Thursday announced it is issuing orders to seven companies including OpenAI, Alphabet, Meta, xAI and Snap to understand how their artificial intelligence chatbots potentially negatively affect children and teenagers.The federal agency said AI chatbots may be used to simulate human-like communication and intrapersonal relationships with users, and that it wants to understand what steps these companies have taken to “evaluate the safety of these chatbots when acting as…

Detainees board a bus, during a raid by federal agents where about 300 South Koreans were among 475 people arrested at the site of a $4.3 billion project by Hyundai Motor and LG Energy Solution to build batteries for electric cars in Ellabell, Georgia, U.S. September 4, 2025 in a still image taken from a video. U.s. Immigration And Customs Enf | Via ReutersA plane carrying hundreds of workers who were detained in a U.S. immigration raid at a Hyundai-LG Energy Solution battery plant in Georgia last week departed American airspace on Thursday, bound for South Korea.More than 300 Koreans…