Author: i2wtc

Listen to article WASHINGTON: The United States struck a trade deal with Pakistan, US President Donald Trump said on Wednesday, hours after announcing 25% tariffs on imports from India in addition to unspecified “penalty” over New Delhi’s purchases of Russian weapons and energy. Trump said that the deal with Pakistan included joint development of the country’s “massive” oil reserves. The announcement came as talks continue with other nations, including South Korea, ahead of his self-imposed August 1 deadline. “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil…

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty ImagesSamsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won ($3.38 billion), missing expectations, weighed by a 93.8% profit slump in its chip business.While Samsung’s second-quarter operating profit beat its own forecast of around 4.6 trillion won, it was a steep drop from the 10.44 trillion won recorded in the same period last year.The South Korean technology giant posted a quarterly revenue of 74.6 trillion won, up slightly from 74.07 trillion won a year earlier and beating its…

Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance.Christophe Gateau | Picture Alliance | Getty ImagesElon Musk’s tunneling venture, The Boring Company, announced plans earlier this week to build a 10-mile underground loop in Nashville, in coordination with Tennessee Republican Governor Bill Lee, who put out a press release praising the project.Democratic lawmakers in Nashville are demanding answers on the plans, while the state’s Republican leaders have jumped at the chance to…

KARACHI: A five-day pre-series training camp for the Pakistan women’s cricket team begins on Tuesday at the Hanif Mohammad High Performance Centre, as the side looks to fine-tune preparations ahead of their upcoming Twenty20 International series in Ireland, the country’s cricket board announced on Monday. Under the supervision of head coach Mohammad Wasim, the camp will continue till August 2 and focus on skill development in batting, bowling and fielding. Players will also feature in intra-squad T20 practice matches before the team departs for Dublin on August 3. This marks the final phase of preparations following a 27-day conditioning camp…

Listen to article Kasim Khan, son of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, has stated that his father is in “really poor conditions” at Adiala Jail in Rawalpindi, and that he and his brother, Sulaiman Khan, are seeking a possible way out. In an interview with the US media outlet Real America’s Voice, shared on Wednesday, Kasim said that his father is being held in a solitary confinement cell and is allowed only two hours of daylight each day. He further mentioned that they have been unable to speak with their father. Imran has been imprisoned since August 2023, currently serving a…

BASSETERRE: Australia completed a 5-0 sweep of the West Indies in their Twenty20 international series with Ben Dwarshuis’s bowling paving the way for a three-wicket victory in Basseterre, Saint Kitts on Monday. Mitchell Owen top-scored for Australia with 37 off 17 balls, while Cameron Green (32), Tim David (30) and Aaron Hardie (28 not out) all made valuable contributions as the visitors reached their target of 171 with 18 balls to spare. The win sealed the first T20 series sweep by an Australian men’s team in the West Indies, and saw them end the tour with a perfect 8-0 record…

Listen to article Students arrested from Quaid-e-Azam University hostels were transferred to the Bakshi Khana (judicial lockup) at the local court premises on Tuesday, but their lawyers have reportedly been denied access to meet them. Lawyers representing the students, including advocates Imaan Mazari and Hadi Ali Chattha attempted to meet the detained students at the lockup but were stopped at the gate by police officials. “Our two lawyers must be allowed to meet the detainees, or they should be brought before the court,” the lawyers demanded at the scene. SHO Mian Imran, present on-site, responded, “I’ll try to arrange your meeting.” The…

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty ImagesQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading.Here’s how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations:Earnings per share: $2.77 adjusted versus $2.71 expectedRevenue: $10.37 billion versus $10.35 billion expectedIn the current quarter, Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings…

SINGAPORE: Katie Ledecky claimed a sixth 1,500 metres freestyle title and a record-extending 22nd world championships gold medal in Singapore on Tuesday as Romanian rocket David Popovici added the men’s 200 crown to his Paris Olympic triumph. There was also gold for Australia’s backstroke queen Kaylee McKeown, who foiled American rival Regan Smith once again to claim the 100 title in a thriller, while South Africa’s Pieter Coetze clinched the men’s race. Unbeaten in the 1,500 since the age of 13, world record holder Ledecky came home ahead of Italian Simona Quadarella with Australian Lani Pallister winning bronze at the…

Listen to article KARACHI: The Pakistan Stock Exchange (PSX) witnessed a mixed session on Wednesday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) policy rate announcement. However, late-session buying lifted the benchmark KSE-100 index by nearly 450 points. The index fluctuated between the intra-day high of 139,018.88 and low of 137,658.81. It closed with a gain of 447.43 points, or 0.32%, at 138,412.25. Sentiment shifted in the latter half of the session after the SBP unexpectedly maintained its benchmark policy rate, defying market expectations of a 50-basis-point cut. The decision triggered a broad-based rally in the banking sector,…