Author: i2wtc

JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC.The banks declined to comment to CNBC. Apple did not immediately respond to CNBC’s request for comment.Negotiations between JPMorgan and Apple have progressed as earlier contenders for the card including American Express, Synchrony and Barclays have fallen to the side, said the people, who declined to be identified speaking about the agreement.A deal for JPMorgan to take over the Apple Card and its huge book of loans would further…

Deputy Prime Minister and Foreign Minister Ishaq Dar has reaffirmed Pakistan’s unwavering support for Palestine’s right to an independent state, emphasising the importance of the pre-1967 borders. Speaking at the United Nations High-Level International Conference on “The Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution” in New York, Dar highlighted his nation’s long-standing stance on the Palestinian issue. “For over 75 years, the Palestinian people have endured occupation, displacement, and the denial of their fundamental rights,” said Dar, addressing the assembled diplomats and officials. Statement by Senator Mohammad Ishaq Dar*Deputy Prime Minister/Foreign Minister of…

A Nike and Athleta store.Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty ImagesGap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger, who has spent more than 20 years at Nike, is the third CEO hired to helm Athleta in the last two years as the women’s athleisure brand’s sales decline. She’ll replace Chris Blakeslee, the former Alo Yoga executive who was hired to replace Mary Beth Laughton in 2023. Under…

Listen to article ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) has denied media reports suggesting that party founder Imran Khan barred his sons from travelling to Pakistan, calling such claims factually incorrect and taken out of context. The party’s central secretary for information, Sheikh Waqas Akram, dismissed the reports on Tuesday, terming them misleading and urged journalists, particularly those reporting from Adiala Jail, to refrain from selectively quoting the former prime minister. “The news circulating in the media regarding Imran Khan’s children is completely false. Khan has not at all prevented his children from coming to Pakistan,” said Akram in a post on X.…

Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup DeepSeek, Meta released a new version of its Llama family of AI models that disappointed third-party developers, according to people familiar with the matter. The reaction was so bad that CEO Mark Zuckerberg decided to spend billions of dollars to revamp the company’s AI unit, and…

US President Donald Trump (R) and Apple CEO Tim Cook (2nd L), with Senior Advisor to the President Ivanka Trump (L) and Treasury Secretary Steven Mnuchin, tour the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.Mandel Ngan | AFP | Getty ImagesFaced with intensifying pressure from President Donald Trump to bring more jobs to the U.S., Apple is opening a manufacturing program in downtown Detroit.The Apple Manufacturing Academy, which is being administered by Michigan State University, will offer workshops on manufacturing and artificial intelligence to small and medium-sized businesses when it…

As companies lean into value offerings and buzzy beverages to lure price-sensitive consumers, Starbucks is doubling down on its plans to get back to basics by leaning into hospitality at its cafes.The coffee giant aims to stand out on guest experience in a cutthroat consumer environment as it tries to boost lackluster sales.Last week, the company began training baristas on its new “Green Apron Service” program as part of CEO Brian Niccol’s “Back to Starbucks” plans, which have emphasized friendlier cafes and a human touch like Sharpie drawings on cups. Green Apron Service builds on that, relying on warm and…

Two kids play at a resettlement site in a local middle school in Miyun District, Beijing, capital of China, July 29, 2025. All-out disaster relief and rescue operations are underway in Beijing as intense rainstorms hit the city.As of 9 p.m. Monday, a total of 16,934 people from 189 villages in the district have been relocated.At 8 p.m. Monday, the Beijing municipal flood control headquarters activated the highest level of its citywide flood-control emergency response mechanism. (Xinhua/Ju Huanzong)A doctor (R) treats a resident’s wound at a resettlement site in a local middle school in Miyun District, Beijing, capital of China,…

ISLAMABAD: The Supreme Court has struck down a Sindh government circular that denied pension entitlement to a daughter who was divorced after the death of her pensioner father. “We find that the circular, which imposes restrictions unsupported by the Act or the Rules, is void ab initio, unconstitutional, and of no legal effect. The timing of the pensioner’s death cannot lawfully be used to extinguish a surviving daughter’s right to claim pension,” reads the 10-page judgement authored by Justice Ayesha Malik, as the court dismissed the Sindh government’s appeal. A division bench of the apex court, led by Justice Muhammad…

Cash App’s new Pools feature lets users set a group funding goal, name the pool, and invite contributors.Courtesy: Cash AppCash App is going on the offensive in peer-to-peer payments.The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It’s the company’s first major P2P product launch in nearly two years.”This is the first time we’re going into out-of-network payments with Pools,” said Owen Jennings, Block’s head of business, referring to the feature’s ability to accept contributions via Apple Pay or Google Pay from people who aren’t on Cash App.Pools allows users to…