Author: i2wtc
President Donald Trump’s dealings with Intel and Nvidia amount to a “scattershot method of crony capitalism,” Walter Isaacson said Thursday.”That state capitalism often evolves into crony capitalism, where you have favored companies and industries that pay tribute to the leader, and that is a recipe for not only disaster, but just sort of a corrupt sense of messiness,” he told CNBC’s “Squawk Box.”The Tulane University professor, widely known for his recent Elon Musk biography, argued that this method won’t succeed in reviving American manufacturing.Isaacson’s comments come as the Trump administration wades further into influencing the way companies operate in the…
DARWIN: Maaz Sadaqat’s century powered Pakistan Shaheens to an emphatic 107-run win over Adelaide Strikers in the Top End T20 Series at the DXC Arena in Darwin on Wednesday. This was Shaheens’ third victory in the event, taking their tally to six points from five matches. After electing to bat first, openers Maaz and Yasir Khan provided their team with a solid 149-run partnership. Yasir was dismissed after scoring 51 off 35 balls with the aid of five fours and a six. This was his second half-century of the tournament. Left-hander Maaz was then joined by Abdul Samad and the…
A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025. Al Drago | Bloomberg | Getty ImagesSales of previously owned homes rose 2% in July compared with June to 4.01 million units, on a seasonally adjusted, annualized basis, according to the National Association of realtors. Housing analysts had been expecting a slight decline. Sales were 0.8% higher than July 2024.These sales are counted by closings, so contacts likely signed in May and June, when the average rate on the 30-year fixed mortgage was in decline. That rate exceeded 7%…
Residents of Karachi braced for another spell of torrential rain on Thursday with schools shut and public hospitals operating on minimal staff. Most offices remained shut, barring essential services, with the provincial government urging citizens to avoid commuting and stay home. Power outages continued in various areas of the city. Over 15 people have died in rain-related incidents. Most were deaths by electrocution, while at least three people fell into an open manhole. A case has been registered at Shah Faisal Colony Police Station against K-Electric CEO Syed Moonis Abdullah Alvi, KE IBC Shah Faisal and other officers of the…
Pakistan’s medal hopes remain elusive as the nation’s top shooters missed their marks on Thursday at the Asian Shooting Championships being held in Kazakhstan. Last year, the Green Team had made history, with Kishmala Talat becoming the first Pakistani woman to qualify directly for the Paris 2024 Olympics by bagging a silver medal at the Women’s 10m Air Pistol event. She had also picked up a bronze in the 10m Air Pistol Mixed Team event with compatriot Gulfam Joseph. Pakistan’s experience at the championships so far has been considerably more humbling. In Thursday’s Men’s 10m Air Rifle, Sulaiman Khan finished…
This aerial drone photo taken on Aug. 21, 2025 shows a load testing on the Huajiang Grand Canyon Bridge in southwest China’s Guizhou Province. (Xinhua/Yang Wenbin)GUIYANG, Aug. 21 (Xinhua) — Engineers on Thursday launched a load testing on the Huajiang Grand Canyon Bridge in southwest China’s Guizhou Province, which is set to become the world’s tallest bridge.The suspension bridge has a vertical height of 625 meters from the bridge deck down to the river surface.The 2,890-meter bridge, with a span of 1,420 meters, is also the world’s largest span bridge to be built in a mountainous area.This aerial drone photo…
ISLAMABAD: Chief Justice Yahya Afridi on Wednesday made it clear that the Supreme Court would not allow prolonged adjournments in the bail petitions of PTI founder Imran Khan, being heard in connection with multiple cases linked to the May 9, 2023 violence. A three-member bench led by Chief Justice Afridi, and including Muhammad Shafi Siddiqui and Justice Miangul Hasan Aurangzeb, took up appeals against the Lahore High Court’s (LHC) June 24 decision, in which a bench led by Justice Shahbaz Ali Rizvi had dismissed Imran’s bail applications. During the proceedings, the chief justice observed that the prosecution would first have…
A person holds Google Pixel 10 Pro mobile phones during the ‘Made by Google’ event, organized to introduce the latest additions to Google’s Pixel portfolio of devices, in Brooklyn, New York, U.S., August 20, 2025. Brendan McDermid | ReutersWhile Google made a big splash with its Pixel 10 series of smartphones, it was the software features that were strategically important for the tech giant’s bid to compete with players like OpenAI and Perplexity in consumer AI.As it introduced its latest devices on Wednesday, Alphabet-owned Google showed off a slew of artificial intelligence features that are powered by the firm’s Gemini…
India’s sports ministry on Thursday declared that India and Pakistan would not have any bilateral sporting ties even on neutral venues as per an unprecedented new policy but the cricket team would not be stopped from playing the Asia Cup next month as it is a multi-lateral engagement, the Press Trust of India (PTI) reported. Political tensions between the two nations over the years have cast a shadow over bilateral sporting events, causing major tournaments to hang in the balance. The countries’ teams have previously refused to travel across the border for sporting events, electing to play on neutral ground…
Disney is launching its new ESPN flagship streaming app Thursday, just in time for the football season, bringing customers the full ESPN suite in one place.The entertainment company has been working on the launch of the direct-to-consumer app — which is also named ESPN — for some time. It’s designed to expand access for existing cable subscribers and give sports fans outside the traditional pay TV bundle access to all of ESPN’s content.Tune in at 10 a.m. ET: CNBC’s David Faber interviews Disney CEO Bob Iger and ESPN Chairman Jimmy Pitaro about the launch of the new ESPN streaming app.…