Author: i2wtc

Listen to article KARACHI: The record-eclipsing rally at the Pakistan Stock Exchange (PSX) fizzled out on Tuesday as investors took a breather and booked profits in a large number of equities at higher valuations. The benchmark KSE-100 index shed 562.67 points, or 0.41%, and settled at 135,939.87 at the close of trading. Earlier at the start of the session, the market shot up rapidly and after continuous fluctuations touched the day’s peak at 137,748 before midday. Afterwards, the index began descending gradually, reaching its intra-day low at 135,826 towards the close of trading. Topline Securities, in its report, said that the local…

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty ImagesCoreweave stock climbed more than 9% on Tuesday after the company announced a $6 billion artificial intelligence data center project in Pennsylvania.The commitment includes an initial 100 megawatt data center built in Lancaster, a city about 70 miles west of Philadelphia. The data center will be able to expand to 300 MW.”The demand for high-performance AI compute is relentless,” said CoreWeave CEO Michael Intrator in a release, “and CoreWeave is scaling a cloud purpose-built for AI to meet it…

Workers prepare customers’ orders at the main rice market in Jakarta on July 9, 2025.Bay Ismoyo | AFP | Getty ImagesPresident Donald Trump on Tuesday said he has reached a deal with Indonesia, a week after he threatened to slap a 32% tariff on the southeast Asian country’s U.S. exports.Trump in a Truth Social post called it “great deal, for everybody,” and said it followed direct dealings with Indonesian President Prabowo Subianto.He provided no other information about the purported deal, but said details would follow.Indonesia is one of the United States’ top 25 trade partners, with the two countries trading…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.As private companies like SpaceX and Blue Origin develop reusable rockets and push aspirations for lunar and Martian colonization, real estate investors are dialing in. Some liken it to the early days of the railroads, when entire towns grew up around new lines. One of the biggest plays is…

ISLAMABAD: Interior Minister Mohsin Naqvi has said that starting January 1, 2026, Zaireen will only be allowed to travel to Iraq under officially registered group organisers. Pakistan, Iran and Iraq have agreed to establish a joint working group to streamline travel arrangements for pilgrims, following a trilateral conference of the countries’ interior ministers held in Tehran on Monday. Naqvi, speaking at the meeting, thanked his Iranian counterpart Eskandar Momeni for hosting the conference at Pakistan’s request, highlighting the growing need to address issues faced by pilgrims visiting Iran and Iraq. “Pilgrims travelling to Iraq and Iran are of great importance…

The U.S. Capitol building in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | ReutersIt’s “Crypto Week” in Washington.The cryptocurrency industry is set to notch a major win this week if the House can pass two bills that would set up a long-lobbied-for regulatory framework for digital assets.The stablecoin bill, known as the GENUIS Act, has already passed the Senate and looks set to become the first standalone crypto measure signed into law should the House do the same.But the real prize for the industry is a wider and more complex bill on market structure called the CLARITY Act, which…

Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese, who is on an official visit to China, at the Great Hall of the People in Beijing, capital of China, July 15, 2025. (Xinhua/Huang Jingwen)BEIJING, July 15 (Xinhua) — Chinese President Xi Jinping met with Australian Prime Minister Anthony Albanese in Beijing on Tuesday.Xi once again congratulated Albanese on his re-election. He said that with the joint efforts of both sides, China-Australia relations have emerged from their low point and achieved a turnaround in recent years, bringing tangible benefits to the people of both countries.The most important insight this…

KARACHI: The federal government on Monday invited representatives of all trade bodies for talks after Karachi’s business community and transporters announced a countrywide wheel-jam strike on July 19 in protest against certain budgetary measures introduced through the Finance Act 2025. Speaking at the Overseas Investors Chamber of Commerce and Industry (OICCI) in Karachi, Finance Minister Muhammad Aurangzeb invited all chambers of commerce and trade associations on Tuesday (today) to discuss their concerns over the Finance Act. The minister’s talks offer came after Goods Carrier Association head Malik Shahzad Awan and Karachi Chamber of Commerce and Industry (KCCI) President Javed Bilwani…

Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesSiriusXM, the audio entertainment company that’s long been known as a commercial-free option for in-car radios, is betting on advertising to propel its business.On Tuesday the company launched its first ad-supported subscription plan for car listening called SiriusXM Play. It’s a cheaper option than its long-standing offering and will cost less than $7 each month for in-car and streaming. It features a limited set of commercials on a subset of its music, sports, news and talk show offerings, the company said.SiriusXM is looking to advertising in a similar way as its…

The Pakistan Meteorological Department (PMD) has issued fresh warnings as a powerful monsoon system continues to strengthen, bringing the risk of flash floods, landslides, and urban inundation to major cities and vulnerable hilly regions. The alert, issued on Tuesday morning, spans from the northern districts of Khyber Pakhtunkhwa to southern Punjab and Balochistan. It remains in effect through July 17. “Heavy to very heavy downpours could trigger flash flooding in nullahs and streams, particularly in Chitral, Dir, Swat, Murree, Kohistan, and Rawalpindi,” said Forecasting Officer Dawood Khan. Authorities have flagged the risk of landslides in mountainous regions such as Murree,…