Author: i2wtc
It wasn’t a traditional pitch meeting. There were no slides, no product demo. There wasn’t even a clear explanation of what the founders were trying to build. But for investor Oren Zeev’s decision-making process, none of that was necessary. “I just liked them, I just wanted to be close to them,” said Zeev. “So I wrote a small check – a ‘relationship investment,’ I called it.”The year was 2013, and Zeev, a former general partner with the venture capital arm of Apax Partners (which now operates primarily as a private equity firm), was working as a de facto angel investor. He…
The U.S. Capitol building, weeks into the continuing U.S. government shutdown, in Washington on Oct. 27, 2025. Kylie Cooper | ReutersBusinesses that contract with the federal government lost $12 billion in the first four weeks of the government shutdown, according to a report from the U.S. Chamber of Commerce released Thursday.The report, which the Chamber is sending to members of Congress, shows that 65,500 small businesses across the United States are losing around $3 billion per week from the shutdown.Companies affected by the shutdown include providers of high-tech machinery, office supplies, and landscaping services, according to the report, which was…
ISLAMABAD: Federal Minister for Interior Mohsin Naqvi held a meeting with Iranian President Dr Masoud Pezeshkian in Tehran on Wednesday, focusing on strengthening bilateral relations and promoting regional stability. During the meeting, both leaders discussed matters of mutual interest, including security cooperation and the evolving situation in the region. Minister Naqvi briefed President Pezeshkian on developments along the Pakistan-Afghanistan border, emphasizing Pakistan’s commitment to peace and dialogue. President Pezeshkian expressed Iran’s willingness to play a “brotherly role” in helping ease tensions between Pakistan and Afghanistan, highlighting Tehran’s interest in fostering regional harmony. Conveying Prime Minister Muhammad Shehbaz Sharif’s message of…
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersMeta Platforms’ stock dropped more than 10% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results.The social media giant lifted its 2025 capital expenditures guidance as it races against competitors to build out advanced AI tools. Meta now expects capex to range between $70 billion and $72 billion, versus prior guidance of $66 billion to $72 billion.CEO Mark Zuckerberg defended the company’s ambitious spending plans during…
Brian Roberts, Chairman and CEO of Comcast, attends the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 9th, 2025. David A. Grogan | CNBCComcast reported earnings Thursday, and it could shed light on how executives view regulators’ attitude toward a potential NBCUniversal-Warner Bros. Discovery merger.Warner Bros. Discovery, the owner of TNT Sports, CNN, HBO, Warner Bros. studio and other media assets, officially put itself up for sale after “receiving interest from multiple parties,” WBD CEO David Zaslav said in a statement last week. CNBC reported Comcast is among the interested parties.Several pundits and analysts…
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year.The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand.CEO Sundar Pichai said the company had a $155 billion backlog for Google Cloud at the end of the quarter.”Looking out to 2026, we expect a significant increase in CapEx,” Chief Financial Officer Anat Ashkenazi told investors on the earnings call Wednesday.Deutsche Bank said in a note that there was “virtually no…
Information Minister Shibli Faraz. SCREENGRAB/FILE ISLAMABAD: The Supreme Court on Wednesday rejected Pakistan Tehreek-e-Insaf (PTI) leader Shibli Faraz’s plea to suspend the schedule for the Senate election on his vacant seat, stating that it would not interfere in the electoral process. Earlier, a special anti-terrorism court (ATC) in Faisalabad had sentenced Faraz and PTI’s Omar Ayub to 10 years in prison each for their alleged role in the May 9, 2023, riots. Following their conviction, the Election Commission of Pakistan (ECP) disqualified Faraz as Senate opposition leader and Ayub as National Assembly opposition leader. Later, both of them challenged their…
Information Minister Shibli Faraz. SCREENGRAB/FILE ISLAMABAD: The Supreme Court on Wednesday rejected Pakistan Tehreek-e-Insaf (PTI) leader Shibli Faraz’s plea to suspend the schedule for the Senate election on his vacant seat, stating that it would not interfere in the electoral process. Earlier, a special anti-terrorism court (ATC) in Faisalabad had sentenced Faraz and PTI’s Omar Ayub to 10 years in prison each for their alleged role in the May 9, 2023, riots. Following their conviction, the Election Commission of Pakistan (ECP) disqualified Faraz as Senate opposition leader and Ayub as National Assembly opposition leader. Later, both of them challenged their…
U.S. President Donald Trump and Chinese President Xi Jinping react as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump and President Xi Jinping reached a trade truce during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.China has agreed to pause for one year the sweeping export controls on rare earths announced on Oct. 9…
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed to grow its broadband customer base. Earlier this year the company outlined initiatives meant to drive broadband growth — the cornerstone of Comcast’s business — as it has faced fraught competition from alternative providers, namely 5G companies. The company, soon to be led by co-CEOs Brian Roberts…