Author: i2wtc

ISLAMABAD: Prime Minister Shehbaz Sharif along with Field Marshal Syed Asim Munir separately met with Chinese President Xi Jinping and Russian President Vladimir Putin in Beijing on Tuesday in a move that highlights Pakistan’s carefully crafted approach, seeking mutually beneficial ties with all big powers. Shehbaz is in China where he attended the Shanghai Cooperation Organization (SCO) summit plus. His meeting with President Xi and President Putin, the two powerful leaders in the world, took place in the space of few hours. In the morning, Prime Minister Shehbaz, who was joined by Foreign Minister Ishaq Dar, Interior Minister Mohsin Naqvi,…

Scott Olson | Getty ImagesMacy’s posted second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends.The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share, and revenue between $21.15 billion and $21.45 billion, compared with $21 billion to $21.4 billion.The stock was up more than 10% before the bell.Macy’s had slashed its full-year guidance last quarter and reported uncertainty in sales due to President Donald Trump’s tariffs.”We’re just well-positioned right now for…

DeepL CEO Jaroslaw “Jarek” Kutylowski.DeepLGerman startup DeepL on Wednesday said it was expanding beyond artificial intelligence-powered translation into general AI agents focused on businesses.The term “agent” refers to an AI tool that can carry out tasks in the background in response to user prompts.DeepL Agent is designed to complete “repetitive, time-intensive tasks across a wide variety of functions” according to the company. It can responds to natural langauge commands from a users. DeepL Agent can be used in various teams from human resources to marketing, the company added.Agents or agentic AI have become buzzwords in the technology industry, underscoring how…

RAWALPINDI/BANNU: Security forces killed six Indian-proxy terrorists in a daylong encounter at the Federal Constabulary (FC) Headquarters in the Bannu district of Khyber-Pakhtunkhwa (K-P) on Tuesday, during which six soldiers were also martyred and 19 others sustained injuries, the military and the local police said. The Inter-Services Public Relations (ISPR), the media wing of the military, said in a statement that the terrorists, belonging to Indian proxy Fitna al Khwarij, targeted the FC HQ in Bannu district in early hours of Tuesday in a cowardly terrorist attack. “The Indian sponsored Kharjis attempted to breach the perimeter security, however, their nefarious…

Quantum computing firm IQM says it’s raised $320 million of fresh funding to ramp up investments in technology and commercial growth.The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google and IBM are building in the U.S.Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes). Quantum computers use quantum bits, or “qubits,” which can be zero, one or…

LAHORE: Insisting that sending the teams to India for international events amid heightened political tensions was not possible, Pakistan Hockey Federation (PHF) president Tariq Hussain Bugti on Tuesday said the country will not compete in the Jr World Cup later this year. The event is scheduled to be held in Indian cities of Chennai and Madurai from Nov 28 to Dec 10. Pakistan, primarily due to ongoing political strains with New Delhi particularly after a short yet intense military clash between the nuclear-armed neighbours in May, are not competing in the Asia Cup too which is currently in progress in…

Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.Photo downloaded from OnePay websiteOnePay, the fintech firm majority owned by Walmart, is launching its own branded wireless plan as it seeks to become a one-stop shop for its users, CNBC has learned.OnePay Wireless will be available starting Wednesday in the OnePay app, according to Gigs, the mobile services startup that partnered with the company.The plan costs $35 a month for unlimited 5G data, talk and text on the AT&T network, Gigs said. The plans are activated in-app with…

ISLAMABAD: Pakistan’s trade deficit widened 29% to $6 billion in just two months of this fiscal year due to stagnant exports and a double-digit jump in imports, reflecting early signs of the government’s trade liberalisation policy. The Pakistan Bureau of Statistics (PBS) said on Tuesday that the gap between imports and exports reached $6 billion during the July-August period of this fiscal year. The deficit was $1.4 billion, or 29%, more than the comparative period of the last fiscal year. The $1.4 billion higher deficit in just two months is also much more than the $1 billion loan tranche of…

Australia captain Pat Cummins said he will be doing everything he can to be fit for the first Ashes test in late November, saying it would be “devastating” to miss out on the Perth clash against England. The 32-year-old pace bowler has been ruled out of upcoming white-ball series against New Zealand and India after scans revealed signs of lumbar bone stress in his back. “(I’m) confident we’ll do the rehab right and give it a good crack,” Cummins told reporters in Brisbane on Wednesday. “This far out it’s hard to know, but we’re trying to make sure we’re doing…

QUETTA: At least 14 people were killed and 35 others injured in a powerful explosion near a public rally organised by the Balochistan National Party (BNP) in Quetta on Tuesday. The explosion took place close to the Shahwani Stadium shortly after the conclusion of a gathering held to mark the fourth death anniversary of Sardar Attaullah Mengal. Provincial Health Minister Bakht Muhammad Kakar confirmed the casualties. Also Read: Six soldiers martyred, five terrorists killed in Bannu attack: ISPR According to police officials, initial reports indicate that the explosion targeted BNP chief Akhtar Mengal and his convoy, however, Mengal remained unharmed…