Author: i2wtc
Apple CEO Tim Cook, left, and President Donald Trump speak to the press during a tour of the Flextronics computer manufacturing facility in Austin, Texas, where Apple’s Mac Pros are assembled, Nov. 20, 2019.Mandel Ngan | AFP | Getty ImagesApple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the tech giant in the U.S.The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.With the new…
People walk by a Claire’s store on December 11, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty ImagesTween retailer Claire’s filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its business and stave off liquidation. The mall-based boutique, long known for its ear piercing services and eclectic mix of jewelry and accessories, is staring down about $500 million in debt, rising competition and an evolving retail landscape that’s made it harder than ever to grow a business profitably. “This decision is difficult, but a necessary one. Increased competition,…
Listen to article ISLAMABAD: Pakistan has rejected the “baseless and unfounded” claim of Ukrainian President Volodymyr Zelenskyy that Pakistani nationals were fighting as mercenaries in the ongoing conflict between Ukraine and Russia. In a statement issued by the Ministry of Foreign Affairs on Tuesday, the Pakistani government said it had not been approached formally by Ukrainian authorities, nor had it received any verifiable evidence to support such allegations. “The Government of Pakistan categorically rejects the baseless and unfounded allegations of the involvement of Pakistani nationals in the conflict in Ukraine,” the statement read. “Government of Pakistan shall take up this matter with…
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018.Chris Wattie | ReutersShopify shares soared 20% Wednesday after the company topped analysts’ estimates for the second quarter, and gave rosy guidance for the third quarter.Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents adj. vs. 29 centsRevenue: $2.68 billion vs. $2.55 billionSecond-quarter sales surged 31% year over year to $2.68 billion, an acceleration from a year ago, when revenue expanded roughly 20%.The Canadian e-commerce company also offered third-quarter guidance that surpassed expectations. Shopify said it expects…
Pakistan women’s captain Fatima Sana won the toss and elected to bowl in the first Twenty20 International (T20I) against Ireland on Wednesday. The team will look to kickstart a packed international calendar — featuring two white-ball World Cups — with a winning performance as they take on Ireland in the opening fixture of a three-match T20I series scheduled from August 6-10 at the Clontarf Cricket Club Ground in Dublin. This will be the fifth bilateral T20I series between the two sides. The record so far stands even, with both Pakistan and Ireland having won two series each. However, the overall…
US President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Modi will try to rekindle his bromance with DonalJim Watson | AFP | Getty ImagesThe White House announced Wednesday that it is imposing an additional 25% tariff on India, bringing the total levies against the major United States trading partner to 50%.”I find that the Government of India is currently directly or indirectly importing Russian Federation oil,” President Donald Trump said in an executive order.”Accordingly, and as consistent with applicable law, articles of India…
Foot Locker and Dick’s Sporting Good stores.ReutersSen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting Goods’ proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition. The missive, sent Tuesday evening, asks the agencies to “closely scrutinize” the $2.4 billion merger and “block the deal” if they determine it violates antitrust laws. Warren, D-Mass., argues in the letter, which was seen by CNBC, that the tie-up could create a duopoly in sneakers and other athletic shoes between the combined companies and its…
An aerial drone photo shows a bullet train running on China-Laos Railway in Jinghong City, southwest China’s Yunnan Province, Feb. 22, 2025. (Photo by Li Yunsheng/Xinhua)KUNMING, Aug. 6 (Xinhua) — The China-Laos Railway has transported over 14 million tonnes of import and export goods, amounting to more than 60 billion yuan (about 8.4 billion U.S. dollars), since its opening in December 2021, according to Kunming Customs on Wednesday.The railway’s cross-border freight volume exceeded 3.43 million tonnes with a value surpassing 15.4 billion yuan in the first seven months this year, up 6 percent and 41 percent year on year respectively,…
Listen to article ISLAMABAD: Prime Minister Shehbaz Sharif has ordered the abolition of Pakistan Revenue Automation Limited (PRAL) within six months, the nation’s tax data storeroom, in a challenging move that may create more problems than providing any urgent solution due to its backbone status in the tax system. Government officials told The Express Tribune that the premier issued instructions last month that PRAL should be scrapped and replaced with a new and modern organisation. PRAL had been established over three decades ago as a private limited company, fully owned by the Federal Board of Revenue (FBR). Taxpayers file their returns and…
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersShares of Advanced Micro Devices slumped more than 5% after the chipmaker’s earnings fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.The Santa Clara, California-based company reported adjusted earnings of 48 cents per share, falling short of the 49 cents per share expected by analysts polled by LSEG.CEO Lisa Su singled out the hit from U.S. controls on artificial intelligence chips…