Author: i2wtc

President Donald Trump and Chinese President Xi Jinping are likely to speak this week, a senior White House official told CNBC on Monday.The expected discussion follows a series of flare-ups between Washington and Beijing that threaten to derail a tentative trade agreement that the two economic superpowers reached just weeks earlier.The two leaders could speak one-on-one “very soon,” though probably not today, the official said on condition of anonymity.U.S. market indexes opened lower on Monday morning, as investors responded to the increasingly confrontational tone of public messages between the U.S. and China.Trade between the countries — who rely heavily on…

Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | Afp | Getty ImagesByron Allen is putting his broadcast TV stations up for sale.Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.In a news release, Allen said the company has invested more than $1 billion into acquiring the stations over…

People are seen at a cinema in Xicheng District of Beijing, capital of China, Feb. 3, 2025. (Xinhua/Cai Yang)BEIJING, June 2 (Xinhua) — As of 12:47 p.m. on Monday, China’s box office revenue for the 2025 Dragon Boat Festival holiday had surpassed 400 million yuan (about 55.67 million U.S. dollars), a significant increase compared to the same period last year, according to box office tracker Maoyan.The summer blockbuster “Mission: Impossible — The Final Reckoning,” the eighth installment in the long-running Hollywood action franchise, leads the holiday box office chart. As of 12:47 p.m., the film had grossed about 165.31 million…

Iraqi authorities have opened an investigation into a mass die-off of fish in the country’s central and southern marshlands, the latest in a series of such incidents in recent years. One possible cause for the devastation is a shortage of oxygen, triggered by low water flow, increased evaporation and rising temperatures driven by climate change, according to officials and environmental activists. Another is the use of chemicals by fishermen. “We have received several citizens’ complaints,” said Jamal Abd Zeid, chief environmental officer for the Najaf governorate, which stretches from central to southern Iraq, adding that a technical inspection team had…

Vcg | Visual China Group | Getty ImagesShares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.Nvidia-backed CoreWeave climbed more than 7% following the announcement.Financial terms of the two agreements were not provided, but Applied Digital said it expects $7 billion in total revenue over the approximately 15-year period.”Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure,” said Applied Digital CEO Wes Cummins in a release announcing the news.CoreWeave will provide AI…

The International Cricket Council (ICC) on Monday announced dates and venues for the 2025 Women’s Cricket World Cup, with Pakistan set to play its matches in Sri Lanka. A press release issued today said the 13th edition of the eight-member tournament would run from September 30 to November 2. The five stadiums being used include India’s Chinnaswamy Stadium (Bengaluru), ACA Stadium (Guwahati), Holkar Stadium (Indore) and ACA-VDCA Stadium (Visakhapatnam), and Sri Lanka’s R Premadasa Stadium (Colombo). India will host the World Cup after 12 years and play against Bangladesh in the opening match in Bengaluru. The venues for the knockouts…

Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals.”As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior to that July 9 time frame,” Faulkender said on CNBC’s “Squawk Box.”President Donald Trump on April 9 paused his reciprocal tariffs on most U.S. trade partners for 90-days, pushing implementation of the steep levies to early July.At the time, the Trump administration said they were aiming…

Kids have fun along the seashore of a resort in Ganyu District of Lianyungang City, east China’s Jiangsu Province, June 1, 2025. People enjoy the 3-day holiday of the Dragon Boat Festival, also called Duanwu Festival which falls on May 31 this year, via various activities across the country. (Photo by Si Wei/Xinhua)Visitors view an exhibit at the exhibition “This is the Shang” at the Grand Canal Museum of Beijing in Beijing, capital of China, June 2, 2025. People enjoy the 3-day holiday of the Dragon Boat Festival, also called Duanwu Festival which falls on May 31 this year, via…

Listen to article ISLAMABAD: Just two weeks ago, we witnessed a groundbreaking milestone for Digital Pakistan. After years of effort, the country’s largest mobile network operator (MNO) successfully cleared all regulatory hurdles to transfer ownership of its mobile towers to a specialised tower company. Traditionally, MNOs worldwide built and owned their own towers, which they did not share with their competitors. However, around two decades ago, MNOs began to realise that the capital expenditure required to develop proprietary tower infrastructure was both substantial and largely unnecessary. At the same time, as many mobile towers sprouted all over the place, the competitive edge…

Kyiv, Ukraine – Any description of Ukraine’s attacks on Russia’s fleet of strategic bombers could leave one scrambling for superlatives. Forty-one planes – including supersonic Tu-22M long-range bombers, Tu-95 flying fortresses and A-50 early warning warplanes – were hit and damaged on Sunday on four airfields, including ones in the Arctic and Siberia, Ukrainian authorities and intelligence said. Moscow did not comment on the damage to the planes but confirmed that the airfields were hit by “Ukrainian terrorist attacks”. Videos posted by the Ukrainian Security Service (SBU), which planned and carried out the operation, which was called The Spiderweb, showed…