Author: i2wtc

Fabricio Bloisi, chief executive officer of Prosus NV, during an interview in London, UK, on Monday, Oct. 21, 2024. Bloisi took the reins of South Africa’s Naspers Ltd. and its investment arm Prosus NV in July with a plan to double the value of the 110-year-old group within the next four years. Jose Sarmento Matos | Bloomberg | Getty ImagesIndia will produce a $100 billion tech company in the coming years, the CEO of Prosus told CNBC on Monday, as the firm bets on the country for its next big investment win.Prosus, which is majority owned by South African company…

TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty ImagesAs the U.S. rained bombs and missiles on Iran’s nuclear sites on Saturday — entering the war between Israel and Iran — Beijing appears to be standing firm in its support of its long-standing ally in Tehran.However, its support will be tempered by its limited heft as a peace broker in the…

Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025.StellantisDETROIT — “Mediocrity is not worth the trip.”That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the global automaker. It was a mantra decades in the making, as he spent 25 years climbing through the company’s ranks, starting from a role as a night shift paint shop supervisor in Spain.The quote also referenced late Fiat Chrysler CEO Sergio Marchionne, a mentor of Filosa’s who’s revered…

ISLAMABAD: As the Middle East veers closer to all-out war, Pakistani politicians and notable figures on Sunday lambasted the government’s decision to nominate US President Donald Trump for the 2026 Nobel Peace Prize – just hours after Washington officially entered the Israel-Iran conflict with a thunderous overnight assault. The dramatic escalation came as Trump, in a televised statement, declared that American forces had “obliterated” Iran’s key nuclear facilities in a swift military campaign dubbed ‘Midnight Hammer’. The move jolted an already volatile region and drew sharp condemnation from voices at home and abroad. Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman…

ISLAMABAD: The government has stepped up policy-level efforts to promote electric vehicles in the country, as it offers a wide array of benefits across environmental, economic, public health and industrial development sectors. This was stated by Muhammad Saleem Shaikh, spokesperson for the Ministry of Climate Change and Environmental Coordination on Sunday in the context of the federal government’s New Electric Vehicle Policy (NEVP) launched on Friday. The policy aims to ensure a just and inclusive transition to cleaner mobility, reduce dependency on fossil fuels, stimulate local innovation and create new green jobs, he said. “The Government of Pakistan is stepping…

ARLINGTON, VIRGINIA – JUNE 22: An operational timeline of a strike on Iran is displayed during a news conference with Chairman of the Joint Chiefs of Staff Air Force Gen. Dan Caine and U.S. Defense Secretary Pete Hegseth at the Pentagon on June 22, 2025 in Arlington, Virginia. U.S. President Donald Trump gave an address to the nation last night after three Iranian nuclear facilities were struck by the U.S. military. (Photo by Andrew Harnik/Getty Images)Andrew Harnik | Getty Images News | Getty ImagesThe past 24 hours have been pivotal in the Israel-Iran conflict, with the U.S. entering the war…

UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesHealth plans under major U.S. insurers said Monday they have voluntarily agreed to speed up and reduce prior authorizations – a process that is often a major pain point for patients and providers when getting and administering care.Prior authorization makes providers obtain approval from a patient’s insurance company before they carry out specific services or treatments. Insurers say the process ensures patients receive medically necessary care and allows them to control costs. But patients and providers have slammed prior…

ISLAMABAD: The Energy Ministry has issued orders for uninterrupted power supply throughout the country during Muharram and instructed the distribution companies (DISCOs) to ensure immediate repair or replacement of faulty equipment in their system. Energy Minister Awais Leghari has issued the instructions to the chief executive officers of all Discos, saying that the holy month of Muharram was approaching, when millions of people attend gatherings and processions across the country. “As you are aware, the sacred month of Muharramul Haram is approaching, during which millions of devotees/mourners across Pakistan will participate in Majalis and processions to commemorate the martyrdom of…

LEEDS: Indian wicket-keeper Rishabh Pant watches the ball drop safe after England batter Harry Brook edges it off spinner Ravindra Jadeja during their first Test at Headingley on Sunday.—AFP LEEDS: Harry Brook fell for 99 on his home ground and the brilliant Jasprit Bumrah took five wickets on Sunday to leave the first Test between England and India at Headingley finely poised. England were bowled out for 465 on the third day in reply to India’s first-innings 471. India stretched their lead by the end of the day to 96 at 90-2 thanks to K.L. Rahul’s 47 not out, with…

Cargo ships sail in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic republic’s navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.ATTA KENARE | AFP | Getty ImagesIran may be threatening to close the Strait of Hormuz but experts told CNBC that it’s also the one with the most to lose.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the…