Author: i2wtc

Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multiyear effort to rein in costs.In a blog post, the company wrote that the layoffs are being carried out to help make the company leaner and less bureaucratic, while it looks to invest in “our biggest bets” including generative artificial intelligence.”This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before (in existing market segments and altogether new ones),” Beth Galetti, senior vice president of people experience…

Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines.The company said total net revenue increased 8.1% year-over-year.Here’s how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 70 cents adjusted vs. 43 cents expectedRevenue: $3.12 billion vs. $3.02 billion expectedWayfair shares climbed 10% in premarket trading.For the period ended Sept. 30, Wayfair reported a net loss of $99 million, or 76 cents per share, compared to a loss of $74 million,…

A drone photo taken on Oct. 27, 2025 shows farmers harvesting rice in a field in Fengnan District of Tangshan City, north China’s Hebei Province. The rice harvest season has arrived in Tangshan City, where farmers are seizing the good weather to accelerate harvesting. (Xinhua/Yang Shiyao)A farmer harvests rice in a field in Fengnan District of Tangshan City, north China’s Hebei Province, Oct. 27, 2025. The rice harvest season has arrived in Tangshan City, where farmers are seizing the good weather to accelerate harvesting. (Xinhua/Yang Shiyao)An aerial drone photo taken on Oct. 27, 2025 shows a farmer harvesting rice in…

Airlink Communication will open Pakistan’s first Apple-authorised reseller store by the end of 2025. The company plans to launch the outlet in Dolmen Mall, Lahore, and will operate it under official reseller authorisation. This store will not be an Apple-owned flagship, but it will offer a premium retail experience built around Apple’s product lineup. Airlink recently became a premium partner of GNEXT Technologies, Apple’s authorised distributor in Pakistan. Through this partnership, the company will retail iPhones, iPads, MacBooks, Apple Watches and genuine accessories. Apple products continue to attract strong demand in Pakistan due to performance, software support and status value,…

The Grok AI logo is seen displayed on a smartphone with the Wikipedia logo in the background. Sopa Images | Lightrocket | Getty ImagesElon Musk launched an early version of an AI-powered encyclopedia called ‘Grokipedia’ on Monday, with its website temporarily crashing before coming back online hours later. The new AI service, named after xAI’s large language model Grok, has been promoted by Musk as an improved and less biased version of the popular free and web-based Wikipedia. The Tesla and SpaceX CEO announced last month that he was working on a Wikipedia rival after a suggestion from David Sacks, a fellow…

A UPS worker pushes a cart in New York, US, on Monday, Oct. 27, 2025.Michael Nagle | Bloomberg | Getty ImagesUnited Parcel Service on Tuesday reported earnings that topped Wall Street’s estimates ahead of its busy holiday season.Shares of the package delivery giant surged 10% in premarket trading.Here’s how the company performed in its third quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:Earnings per share: $1.74 adjusted vs. $1.30 expectedRevenue: $21.4 billion vs. $20.83 billion expectedFor the period ended Sept. 30, the company reported net income of $1.31 billion, or $1.55 per…

Microsoft co-founder Bill Gates, who wrote a book in 2021 titled, “How to Avoid a Climate Disaster,” now says leaders need to shift their approach to climate change.In a letter published Tuesday ahead of next week’s COP30 U.N. climate summit, Gates argued that too many resources are focused on emissions and the environment, and that more money should go toward “improving lives” and curbing disease and poverty.”… Climate is super important but has to be considered in terms of overall human welfare,” Gates told CNBC’s Andrew Ross Sorkin in an exclusive interview. “I didn’t pick that position because everybody agrees…

Volunteers make dumplings together with elderly people in Gaobei Village of Shibing County, Qiandongnan Miao and Dong Autonomous Prefecture, southwest China’s Guizhou Province, Oct. 27, 2025. A series of activities were held across the country to mark China’s Chongyang Festival, which will fall on Oct. 29 this year. Also known as Seniors’ Day in China nowadays, it highlights the public’s care for elderly people. (Photo by Tai Shengzhi/Xinhua)Volunteers chat with elderly people at a nursing home in Zhanggezhuang Village of Zunhua City, north China’s Hebei Province, Oct. 28, 2025. A series of activities were held across the country to mark…

Pakistan’s economy expands 3% in FY25, up from 2.6% in FY24, projects 3% growth in FY26 The World Bank. Photo: file Pakistan’s economy is projected to grow by 3% in the fiscal year ending June 2026 as recent floods continue to weigh on growth prospects. According to a report by the World Bank, the growth rate mirrors FY25, when the economy expanded by 3%, up from 2.6% in FY24, reflecting a rebound in industrial activity and services. “Pakistan’s recent floods have imposed significant human costs and economic losses, dampening growth prospects, and adding pressure on macroeconomic stability,” said Bolormaa Amgaabazar,…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesMeta’s AI app has seen a major jolt in downloads since launching its Vibes feed of AI-generated videos, giving investors a glimpse of the company’s artificial intelligence strategy ahead of Wednesday’s third-quarter earnings.Since releasing Vibes on Sept. 25, the Meta AI app’s downloads on both iOS and Android are up 56% month-to-month to a total of 3.9 million downloads as of…