Author: i2wtc

The logo of multinational tech company Foxconn (also known as Hon Hai), which is a major manufacturer for Apple products, in Taipei, Taiwan, on April 16, 2025.Anadolu | Anadolu | Getty ImagesFoxconn, a key Nvidia partner in its artificial intelligence buildout, saw its revenue spike 26% year-on-year in November, as demand for servers continued to ramp up amid the AI boom.The Taiwanese company, also known as Hon Hai, is the world’s largest contract electronics manufacturer and makes the servers that hold chips in data centers, as well as assembling Apple’s iPhone. Foxconn on Friday reported “strong growth” year-on-year for its cloud…

Qatar strikes deal to supply gas to other destinations due to thin demand in PakistanCustoms duty on cotton was increased many times in an apparent attempt to appease the disgruntled parliamentarians. PHOTO: FILE ISLAMABAD: The government has claimed that it has been able to save over Rs1,000 billion by diverting 24 liquefied natural gas (LNG) cargoes from Qatar in 2026. Under its reform agenda, the government is also reviewing multiple options to clear a huge circular debt of Rs2.6 trillion in the gas sector. Pakistan and Qatar have struck a deal to divert and ship LNG cargoes to other destinations…

Strategy includes habitat restoration and safer river flows to protect the country’s iconic freshwater species Pakistan, working with WWF-Pakistan and federal and provincial departments, is developing a five-year national strategy to conserve the endangered Indus river dolphin, officials said. The plan, still under consultation, aims to protect the species and restore its riverine habitat through coordinated action across provinces. “The first Indus Dolphin Conservation Action Plan was drawn up in 2011,” said Hammad Naqi, director general of WWF-Pakistan. “Shifts in river ecology and new threats mean the plan needs a comprehensive review and updating.” WWF-Pakistan and the federal and provincial…

The Cloudflare logo appears on a smartphone screen and on the background on computer screen Internal server error in this photo illustration on November 18, 2025 in Lviv, Ukraine.Global Images Ukraine | Global Images Ukraine | Getty ImagesU.S. internet infrastructure company Cloudflare said on Friday it had issued a fix for an issue with its dashboard and related apps.Shares of the company fell as much as 4.5% in premarket trading after global websites went down and Cloudflare said it was investigating.The company issued an update minutes later saying it had “implemented a fix” and was watching for results. Cloudflare shares…

Rolls over deposit till Dec 2026; SBP expects it to contribute to economic growth KARACHI: Saudi Arabia has extended the maturity of its $3 billion deposit placed with the State Bank of Pakistan (SBP) for another year, continuing a financial lifeline that has helped bolster the country’s foreign exchange reserves amid ongoing liquidity challenges. The extension, made through the Saudi Fund for Development (SFD), maintains a facility that has been in place since 2021 and rolled over repeatedly in support of Pakistan’s macroeconomic stability. The deposit, originally due to mature on December 8, 2025, will now remain parked with SBP…

Canadian Summer McIntosh clocked the second-fastest 400m freestyle swim in history on Thursday, touching in 3min 55.37sec to win at the US Open long course meeting in Austin, Texas. McIntosh, winner of three gold medals at the 2024 Paris Olympics and four world titles in Singapore this year, said she was “pumped up” for her first competition since she began training with new coach Bob Bowman in Austin, and it showed. “This was my first race back for the season, my first under Bob, so I was pretty pumped up for it,” McIntosh told streaming service Peacock. “That’s definitely by…

An aerial drone photo shows a flare at a national-level demonstration zone of continental shale oil of Daqing Oilfield in Daqing, northeast China’s Heilongjiang Province, Dec. 4, 2025. Daqing Oilfield, one of China’s largest energy production bases, announced Friday that the yearly output of the shale oil in the demonstration zone has exceeded one million tonnes. (Xinhua/Wang Song)HARBIN, Dec. 5 (Xinhua) — Daqing Oilfield, one of China’s largest energy production bases, announced on Friday that its Gulong shale oil block in northeast China has surpassed one million tonnes in annual output this year, marking the site’s successful transition to scaled…

Taiwan on Thursday announced an immediate one-year ban on the Chinese social media network Xiaohongshu, saying the app posed a risk of fraud. Taiwan’s interior ministry said in a statement that it will block access to Xiaohongshu, also known in English as Rednote, calling it a potential “high-risk area for online shopping fraud.”Authorities linked the platform to about 1,700 fraud cases that caused financial losses of over 247.7 million New Taiwan dollars ($7.9 million) since 2024, the ministry said. The app has over 3 million users on the island, the ministry said.Officials also said that Taiwanese law enforcement agencies face “significant difficulties” obtaining…

His football diplomacy has also risked colliding with his domestic priority of a massive crackdown on immigration. Donald Trump still seems unsure whether to call it soccer or football. But the US president’s aim is truer when using the world’s favorite sport to score diplomatic goals. Trump will try to do so again Friday when he meets the leaders of 2026 World Cup co-hosts Canada and Mexico at the tournament’s draw in Washington. As the first World Cup hosted by three countries simultaneously, it should be a golden opportunity to show North American unity, with the three leaders reportedly set…

All five stakeholders agree on establishing a committee to finalise modalities for increasing provinces shareFlanked by Sindh Chief Minister Murad Ali Shah and K-P Chief Minister Sohail Afridi and others, Finance Minister Muhammad Aurangzeb speaks during a meeting of the National Finance Commission. Photo: Express ISLAMABAD: Sindh on Thursday linked consensus on any new resource distribution formula with deliberations only at the National Finance Commission platform and sought to limit discussions to revenue sharing instead of bringing expenses in the fold amid the Centre’s desire to transfer some of its fiscal obligations. The maiden meeting of the NFC kick started…