Author: i2wtc
CNBC’s Jim Cramer said Thursday that OpenAI reminds him of the kind of speculation and leveraged, aggressive bets that caused the 1990s dot-com bubble to burst. “OpenAI is 2000 in a nutshell,” Cramer said on “Squawk on the Street,” comparing the current everything-AI-mentality to the everything-internet that got the market in trouble roughly 25 years ago. The Nasdaq seemed unstoppable in the late 1990s, reaching all-time highs in March 2000. When it all came apart, the tech-heavy index lost nearly 80% over roughly 2½ years, bottoming in October 2022. The Nasdaq took about 15 years to return to record highs.…
Chinese President Xi Jinping and his wife Peng Liyuan pose for photos with French President Emmanuel Macron and his wife Brigitte Macron ahead of talks between the two leaders in Beijing, capital of China, Dec. 4, 2025. Xi held talks with Macron, who is on a state visit to China, at the Great Hall of the People in Beijing on Thursday. (Xinhua/Huang Jingwen)BEIJING, Dec. 4 (Xinhua) — China and France should seize opportunities and expand the scope of cooperation, Chinese President Xi Jinping said while holding talks with visiting French President Emmanuel Macron in Beijing on Thursday.As both independent, visionary…
KARACHI: Rising temperatures driven by climate change are pushing thousands of Karachi’s textile and garment workers into dangerous heat exposure, where employees describe fainting, dehydration, headaches and physical collapse inside factories that lack basic cooling, ventilation or medical support. A new investigative report by Climate Rights International (CRI) – “They Don’t See What Heat Does to Our Bodies”: Climate Change, Labour Rights, and the Cost of Fashion in Karachi, Pakistan – warns that many workplaces grow hotter than the temperature outside, especially during peak summer months, when machinery, fabric and body heat compound to create suffocating indoor conditions. Factories interviewed…
Kazi Salahuddin, the long-serving president of the South Asian Football Federation, has for long envisaged a club championship for the region. His long-cherished dream of his is on the cusp of reality but perhaps even he wouldn’t have thought that women footballers from the region would beat their male counterparts to it. However, with the strides the women’s game has made in South Asia, it is instead the SAFF Women’s Club Championship, which kicks off in Nepal from Friday, that will herald the start of a tournament for clubs in the region. “I believe this was the right time to…
A surveillance photo released by the FBI shows a person in Washington, U.S., January 6, 2021. The FBI issued a notice, which features this surveillance photo, requesting information on person(s) responsible for pipe bombs left at the Republican National Committee (RNC) and Democratic National Committee (DNC) headquarters.FBI | ReutersThe FBI on Thursday morning arrested a suspect believed to have planted pipe bombs outside the Republican and Democratic party headquarters prior to the Jan. 6, 2021, Capitol riot, MS NOW reported.The arrest is a massive breakthrough in the nearly five-year federal investigation into who placed the bombs, which did not detonate.The…
General views of the Warner Bros water tower on the Warner Brothers studio lot on June 24, 2022 in Burbank, California.Aaronp/bauer-griffin | Gc Images | Getty ImagesWith more than a century of some of the most popular film and television content, it’s no wonder why Paramount Skydance, Comcast and Netflix are bidding for Warner Bros. Discovery’s assets.Paramount made an initial offer in September to acquire Warner Bros. Discovery, leading WBD, which months earlier had announced plans to split itself into two companies, to officially explore a sale process.WBD’s plans mirrored those of Comcast — separating out its cable networks from…
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday made a pitch for a new regional body to replace the long-dormant South Asian Association for Regional Cooperation (SAARC). Speaking at the opening session of the 5th Islamabad Conclave hosted by the Institute of Strategic Studies Islamabad (ISSI), Dar warned that South Asia could no longer afford to remain trapped in “zero-sum mindsets, political fragmentation and dysfunctional regional architecture”. He said Pakistan sought “open and inclusive regionalism” and signalled support for emerging multilateral platforms outside SAARC. Dar said earlier this year Pakistan, Bangladesh and China established a trilateral mechanism…
Justin Tallis | Afp | Getty ImagesBitcoin’s more than 30% drop from its record high underscores the volatility that has come to characterize the cryptocurrency.Moves from previous cycles not only show how the current price swings are all part of bitcoin’s normal operating pattern but also how they may often precede a rally, according to figures compiled by CoinDesk Data for CNBC.Bitcoin, the world’s largest cryptocurrency, dropped to a low of around $80,000 late last month before staging a rally and falling again this week. When bitcoin dropped to under $81,000, that represented an approximately 36% fall from its all-time…
Chinese President Xi Jinping addresses the closing ceremony of the seventh meeting of China-France Business Council in Beijing, capital of China, Dec. 4, 2025. Xi and French President Emmanuel Macron attended and addressed the closing ceremony in Beijing on Thursday. (Xinhua/Xie Huanchi)BEIJING, Dec. 4 (Xinhua) — Chinese President Xi Jinping and French President Emmanuel Macron attended and addressed the closing ceremony of the seventh meeting of China-France Business Council on Thursday in Beijing.Xi noted that the two sides should respond to uncertainties in today’s world with the stability of China-France relations.Xi called on both sides to continuously expand new areas…
Human Settlement Dept warns of legal action against corrupt officials, land grabbersTown planner says capital lags behind in framing policy; offers alternative solution to katchi abadis. PHOTO: FILE KARACHI: Following the recovery of a huge cache of narcotics from the residence of an Excise and Taxation Department official just days ago, a new scandal has surfaced, implicating personnel from another government department in the illegal occupation of land in the metropolis. In a public notice issued by the regional director of the Sindh Human Settlement Department (formerly known as Katchi Abadis), it transpired that police officers and Anti-Encroachment Force personnel…