Author: i2wtc

Torrential monsoon rains and subsequent flooding have inflicted serious damage on India’s border fence along the Pakistan frontier, officials and local residents on both sides report. Initial assessments suggest that approximately 110 kilometres of the fence have been affected, with nearly 90 Border Security Force (BSF) posts submerged. Once visible as a continuous line of light from the air at night, the lighting along the fence has gone dark in numerous stretches due to damage or submersion. According to local resident Gurwinder Singh, citing Indian authorities, the flooding resulted from the sudden release of water from the Thien Dam, along…

Rebecca SlaughterLeah Millis | ReutersPresident Donald Trump on Thursday asked the Supreme Court to allow him to fire Federal Trade Commission commissioner Rebecca Slaughter, who lower courts ordered reinstated after he terminated her.Trump wants the Supreme Court to pause her reinstatement as he appeals the case.”President Trump acted lawfully when he removed Rebecca Slaughter from the FTC,” White House spokesman Kush Desai said in a statement.”Indeed, the Supreme Court has twice in the last few months confirmed the President’s authority to remove the heads of executive agencies,” Desai said. “We look forward to being vindicated for a third time —…

U.S. Health and Human Services Secretary Robert F. Kennedy Jr., testifies before a Senate Finance Committee hearing on President Donald Trump’s 2026 health care agenda, on Capitol Hill in Washington, D.C., U.S., September 4, 2025. Jonathan Ernst | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. doubled down on false claims about vaccines and claimed he isn’t limiting access to Covid shots during his Senate testimony on Thursday, as senators grilled him on his sweeping changes to immunization policy and federal health agencies.Kennedy said he supports a statement made by a newly appointed member of a key government vaccine…

Bret Taylor, chairman of the board of directors of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.David A. Grogan | CNBCBret Taylor’s artificial intelligence startup Sierra has just joined an exclusive club: The company sports a new $10 billion valuation after raising $350 million in fresh capital.Sierra is one of just a handful of AI startups, including OpenAI, Anthropic, xAI, Safe Superintelligence and Thinking Machines that are valued at or above $10 billion. Investors are pouring money into this competitive group of…

Ford’s redesigned three-row Expedition SUV is seeing explosive growth.The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It’s sold 61,022 of the vehicles so far this year, a 13.1% increase from the same period in 2024.The Expedition is outperforming Ford’s sales overall. In total, the company’s August sales were up 3.9% from the same month last year.While the Expedition only made up about 5% of sales in August, Ford’s profit engine for decades has been large trucks and SUVs.It also has a…

Investors should be more thoughtful in how they diversify their portfolios these days, according to BlackRock’s new fall outlook . Many portfolios relying on traditional constructions have become riskier, thanks to a heightened uncertainty and the shift in the relationship between stocks and bonds, said Gargi Chaudhuri, chief investment and portfolio strategist at BlackRock. The typical balanced portfolio consists of 60% stocks and 40% fixed income. It also tends to rely on U.S. assets, she noted. “Correlations that have been very prevalent in the marketplace for decades are not as reliable as they once might have been,” Chaudhuri said in…

KARACHI: President Xi Jinping urged world nations to “eliminate the root cause of war and prevent historical tragedies from recurring” as China held a massive military parade in central Beijing on Wednesday to mark the 80th anniversary of its victory in World War II. This was only the second military parade of its kind since 2015, held to mark the hard-won victory in what China calls the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. In his speech delivered before the parade, Xi described the victory as China’s first complete triumph over foreign aggression in…

New York Attorney General Letitia James holds a press conference following a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York State for three years, in the Manhattan borough of New York City, U.S., February 16, 2024. David Dee Delgado | ReutersRead more CNBC politics coverageEngoron ruled that Trump and other defendants overstated the purported value of real estate assets owned by the Trump Organization to inflate Trump’s net worth. In turn, those bogus valuations helped Trump’s company get better terms on loans and other financial benefits, the…

Paramount Pictures studio lot at 5555 Melrose Ave. on Wednesday, June 5, 2024 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Getty ImagesDavid Ellison continues to put his stamp on Paramount after its acquisition by Skydance.The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting January 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition can seek a buyout starting Thursday and until Sept. 15.”To achieve what we’ve set out to do – and to…

Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, holds talks with Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s Republic of Korea, at the Great Hall of the People in Beijing, capital of China, Sept. 4, 2025. Kim Jong Un is in China for commemorations marking the 80th anniversary of the victory in the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War. (Xinhua/Huang Jingwen)BEIJING, Sept. 4 (Xinhua) — The top leaders of China and the…