Author: i2wtc

Amazon ‘s latest round of layoffs may help the bottom line, but CNBC’s Jim Cramer encouraged investors to keep their eyes on what really matters. That would be Amazon Web Services. The e-commerce and cloud giant said Tuesday it will cut 14,000 corporate jobs, or about 4% of the total corporate and tech workforce, to invest in other higher-priority areas such as generative AI. The company employs roughly 1.5 million people around the world. Most of those positions are warehouse jobs. “The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy,…

Ombudsperson directed university to take steps to establish a Standing Inquiry CommitteeFUUAST. PHOTO: FACEBOOK Pakistan’s Federal Ombudsperson for Protection against Harassment (FOSPAH) has declared remarks made by the Vice-Chancellor of the Federal Urdu University, Dr Zabta Khan Shinwari, as discriminatory, stating that comments suggesting “women above the age of 35 face hormonal issues” constitute gender bias. The judgment, delivered by Federal Ombudsperson Fauzia Viqar, found the Vice Chancellor of the Federal Urdu University of Arts, Science and Technology (FUUAST), Dr Zabta Khan Shinwari, guilty of workplace harassment for repeatedly making gender-stereotypical and disparaging remarks about women faculty members. The petitioner, a…

Apple CEO Tim Cook greets customer at the Fifth Avenue Apple Store on new product launch day on September 19, 2025 in New York City. Michael M. Santiago | Getty ImagesApple and Microsoft shares rose on Tuesday, pushing the companies over a market cap of $4 trillion.Both companies are still behind Nvidia, which is the world’s most valuable company with a market cap of over $4.6 trillion. Microsoft previously hit the $4 trillion benchmark in July.Microsoft stock climbed about 3% on news that the company finalized a 27% stake in OpenAI’s for-profit business. The company has backed the ChatGPT maker…

Signage at the Microsoft campus in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty ImagesMicrosoft’s GitHub unit on Tuesday announced Agent HQ, a new “mission control” interface that will allow software developers to manage coding agents from multiple vendors on a single platform. An artificial intelligence agent is a tool that can independently complete tasks on behalf of a user. Several companies, including GitHub, have built and released popular agents that are specifically designed for programming. Developers have a range of new capabilities at their fingertips because of these agents, but it can require a…

‘Without embedding justice into climate policies, solutions risk perpetuating systemic inequalities’Slogans are projected by Greenpeace activists onto Brazil’s National Congress to urge COP30 negotiators to protect forests and the Amazon as part of efforts to combat the climate crisis, in Brasilia, Brazil, October 11, 2025. PHOTO: REUTERS Experts at a pre-COP30 dialogue in Karachi have urged the global community to recognise justice, culture, and ethics as essential pillars of climate action alongside technology and finance. Naqsh, a women-led social impact consultancy, hosted Pakistan’s Global Ethical Stocktake (GES) Dialogue at the Faculty of Arts and Sciences, Aga Khan University, in collaboration…

Visitors at Nokia (Nokia is a Finnish telecom, IT, and electronics company) Pavilion during the India Mobile Congress 2025 exhibition at Yashobhoomi. Pradeep Gaur | SOPA Images | Lightrocket | Getty ImagesNokia announced on Tuesday that Nvidia is taking a $1 billion stake in the networking company, the latest partnership for the artificial intelligence chipmaker.Nokia shares soared 26% higher following the news.Nokia will issue over 166 million new shares and will use the proceeds to fund its plans for AI and other general corporate purposes.The two companies also struck a strategic partnership to work together to develop next-generation 6G cellular…

“SNAP/EBT Food Stamp Benefits Accepted” is displayed on a screen inside a Family Dollar Stores Inc. store in Chicago, Illinois.Daniel Acker | Bloomberg | Getty ImagesA group of more than two dozen states sued the Trump administration on Tuesday, seeking to maintain funding of so-called SNAP benefits during the ongoing federal government shutdown.The suit was filed four days after the Trump administration said it would not use emergency funding to maintain benefits during the shutdown from the Supplemental Nutrition Assistance Program, which provides food stamps to more than 40 million Americans.The U.S. Department of Agriculture has said that SNAP benefits…

Misha Zaitzeff and Vik Ghei, founders of HoldCo Asset Management, at their Fort Lauderdale, Florida, offices.Courtesy: HoldCoAmerican banks have found an unlikely pair of adversaries in Vik Ghei and Misha Zaitzeff.Since July, the nine-person hedge fund they run from Fort Lauderdale, Florida, called HoldCo, has challenged lenders with more than $200 billion in combined assets, demanding that they take swift action or face public campaigns to overthrow their boards and fire their CEOs.The fund notched a victory this month after Comerica, under pressure from HoldCo, agreed to sell itself to rival Fifth Third for $10.9 billion in the biggest bank…

Ombudsperson orders transfer of assets under Enforcement of Women’s Property Rights Act 2020 The Federal Ombudsperson Secretariat for Protection against Harassment (FOSPAH) has ruled in favour of a woman who was deprived of her share in jointly acquired property worth Rs110 million by her former husband. The verdict affirms a woman’s right to equal ownership of assets purchased during marriage, marking a significant step forward in Pakistan’s legal and moral pursuit of gender equality. Issued under the Enforcement of Women’s Property Rights Act 2020, the ombudsperson ordered the transfer of assets valued at around Rs110 million — an apartment in…

[The stream is slated to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.]Nvidia CEO Jensen Huang will deliver a keynote speech from Washington at 12 p.m. ET Tuesday for the company’s second GTC conference this year.Although the event is typically held in San Jose, California, Huang said during the keynote pregame that the conference was moved to the capital so that President Donald Trump could attend. Trump, however, was unable to attend due to his five-day Asian tour to Malaysia, Japan and South Korea.Trump is expected to meet…