Author: i2wtc

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,…

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesArm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents adjusted vs. 35 cents expectedRevenue: $1.05 billion vs. $1.06 billion expectedThe company said it expects second-quarter revenue in the range between $1.01 billion and $1.11 billion, which was in line with…

German mountaineer Laura Dahlmeier, who went missing two days ago while attempting to scale Gilgit-Baltistan’s Laila Peak (6,096 metres), was confirmed dead on Wednesday, according to officials. Mountains in the north of Pakistan are a popular destination for adventure tourism, with many climbers aiming to summit prestigious peaks such as K2 and Nanga Parbat. However, rough terrain and harsh weather conditions create a challenge, frequently causing deaths and injuries. She was climbing in alpine style with her partner, Marina Eva, also from Germany. Dahlmeier was at an altitude of approximately 5,700m when she was hit by the rock on Monday…

Visitors watch a folk culture performance at Zhangjiajie, central China’s Hunan Province, July 26, 2025. (Photo by Wu Yongbing/Xinhua)CHANGSHA, July 30 (Xinhua) — As sweltering heat waves sweep across China, a recent tourist trend has emerged after dark. In ancient towns and even mountain parks, travelers are escaping the heat and heading out after sunset, boosting “nighttime tourism.”At the famed Tianmen Mountain National Forest Park in Zhangjiajie, central China’s Hunan Province, the iconic 999-step stairway leading to Tianmen Cave is illuminated with kaleidoscopic hues, with the whole mountain drenched in lights, transforming the attraction into a nighttime spectacle.”I came in…

Listen to article LAHORE: The noose around the Opposition in the Punjab Assembly is tightening with each passing day, as the suspension of its MPAs continues in the wake of one incident after another. Outside the assembly, the Opposition’s MPAs and their families are reportedly facing humiliation and harassment by Punjab Police ahead of the planned countrywide protest on August 5 — a concern raised by Deputy Opposition Leader Muhammad Moeenuddin Riaz on the floor of the House. Although the matter regarding the suspension of 26 Opposition MPAs had just been settled a few weeks ago, three more lawmakers have been suspended…

Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesThe $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant’s market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia, which hit $4 trillion for the first time earlier this month. Microsoft reported 18% revenue growth, its fastest rate of expansion in over three…

Athletes will be eligible to compete in the female category for world ranking competitions such as the World Championships only if they clear a one-time gene test in a bid to protect the integrity of women’s sport, World Athletics said on Wednesday. The once-in-a-lifetime test for the SRY gene, which helps in determining biological sex, can be conducted via a cheek swab or blood test. The testing protocol will be overseen by member federations, and the new regulations come into effect on September 1, ahead of the September 13-21 World Athletics Championships in Tokyo. “It is really important in a…

Stranded residents evacuate from Liulimiao Town of Huairou District, Beijing, capital of China, July 30, 2025. Recent torrential rains have inflicted damages to houses and roads in multiple locations in Huairou District. In Liulimiao Town, one of the hardest-hit areas in Huairou, rescue teams are orderly evacuating stranded residents and clearing damaged sites. (Xinhua/Zhang Chenlin)Rescuers transfer a stranded resident in Liulimiao Town of Huairou District, Beijing, capital of China, July 30, 2025. Recent torrential rains have inflicted damages to houses and roads in multiple locations in Huairou District. In Liulimiao Town, one of the hardest-hit areas in Huairou, rescue teams…

Listen to article Iranian President Dr Masoud Pezeshkian is set to visit Pakistan on August 2 (Saturday) for a two-day official trip at the invitation of Prime Minister Shehbaz Sharif, Iran’s state-run IRNA news agency reported on Wednesday. The visit was confirmed by President Pezeshkian’s political adviser, Mehdi Sanai, in a post on X. “Dr Pezeshkian will travel to Pakistan on Saturday evening, August 2, at the invitation of Prime Minister Shehbaz Sharif,” he stated. According to Sanai, President Pezeshkian will hold official meetings with Pakistani leadership and engage in discussions with prominent cultural and business figures during his stay in Islamabad.…

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesFigma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range.The company’s stock will debut on the New York Stock Exchange under the ticker symbol “FIG” on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders.Figma is aiming to take advantage of a public market that has slowly reopened for tech IPOs.…