Author: i2wtc

American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersDETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea.The South Korean-based automaker is the largest U.S. importer of new vehicles from the country, followed by GM. Both automakers have paid billions of dollars in levies so far this year after President Donald Trump placed 25% tariffs on imported vehicles from South Korea and other countries in the spring. The Trump administration this past week confirmed…

In a market that could soon be topping out, the best investment idea right now is cash, according to Dan Niles, founder of Niles Investment Management. The market moved higher on Wednesday, but Microsoft shares fell after The Information reported the company was slashing software sales quotas tied to artificial intelligence. Microsoft denied the report . Several other AI-related names sank in sympathy. Shares of Alphabet , however, rose nearly 2%. The moves were the latest in the autumn’s volatile AI trade, which started after investors began to grow concerned over sky-high valuations. “The market is starting to go, ‘you…

South African Minister in the Presidency for Planning, Monitoring and Evaluation Maropene Ramokgopa speaks at a promotional event for the English edition of the fifth volume of “Xi Jinping: The Governance of China,” in Johannesburg, South Africa, Dec. 3, 2025. A promotional event was held in Johannesburg, South Africa, on Wednesday for the English edition of the fifth volume of “Xi Jinping: The Governance of China,” drawing around 200 participants. (Xinhua/Chen Wei)JOHANNESBURG, Dec. 3 (Xinhua) — A promotional event was held in Johannesburg, South Africa, on Wednesday for the English edition of the fifth volume of “Xi Jinping: The Governance…

151 countries vote in favour, 11 against, 11 abstain, reaffirming call for just, lasting peace The UN General Assembly has adopted a resolution on the Peaceful Settlement of the Question of Palestine, with an overwhelming 151 member states voting in favour, 11 against, and 11 abstaining, according to a tweet by the UN Media Liaison. The resolution, which reaffirms the need for a comprehensive, just and lasting peace in accordance with international law and relevant UN resolutions, calls for renewed commitment to diplomatic efforts aimed at ending the decades-long conflict. The recorded vote underscores broad international support for a peaceful…

Nvidia CEO Jensen Huang said he met with President Donald Trump on Wednesday and that the two men discussed chip export restrictions, as lawmakers consider a proposal to limit exports of advanced artificial intelligence chips to nations like China. “I’ve said it repeatedly that we support export controls, and that we should ensure that American companies have the best and the most and first,” Huang told reporters on Capitol Hill. Lawmakers were considering including the Guaranteeing Access and Innovation for National Artificial Intelligence Act in a major defense package, known as the National Defense Authorization Act. The GAIN AI Act…

Federal Interior Minister Mohsin Naqvi expresses condolences to families of police officers Three police officers were martyred in a bomb attack targeting a police vehicle in Dera Ismail Khan, Khyber-Pakhtunkhwa. The blast, caused by an improvised explosive device, occurred within the jurisdiction of Paniyala police station. Police told The Express Tribune that ASI Gul Alam, Constable Rafiq, and driver Sakhi Jan were killed in the attack, while another constable, Azad Shah, survived the explosion. Rescue teams and police quickly reached the scene, transferring the bodies of the deceased to a hospital and collecting evidence from the site. After the blast,…

Photo released by the House Oversight Committee Democrats shows the property of Jeffrey Epstein’s private island home on Little St. James.Source: House Oversight Committee DemocratsHouse Democrats on Wednesday revealed new photos and videos from Jeffrey Epstein’s private island in the U.S. Virgin Islands, and revealed that two major banks have handed over records related to the notorious sex offender.The tranche of images was shared by the U.S. Virgin Islands Department of Justice in response to a request from the House Oversight Committee, the panel’s Democratic minority said in a press release. They also received records from JPMorgan Chase and Deutsche…

OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. Kim Kyung-hoon | ReutersOpenAI has entered into a definitive agreement to acquire Neptune, a startup that builds monitoring and de-bugging tools that artificial intelligence companies use as they train models. Neptune and OpenAI have collaborated on a metrics dashboard to help teams that are building foundation models. The companies will work “even more closely together” because of the acquisition, Neptune CEO Piotr Niedźwiedź said in a blog. The startup will wind down its external services in the coming months, Niedźwiedź said. The…

In yet another volatile session, the Pakistan Stock Exchange witnessed a broad-based decline as investor caution dominated trading, pulling the benchmark KSE-100 index lower across major sectors. The market opened on a positive note on Wedneday, briefly lifting the index, but early gains quickly faded as investors trimmed positions in the absence of fresh positive triggers. The benchmark faced persistent fluctuations throughout the day, moving within a narrow range as selling pressure intensified. By midday, the KSE-100 index hovered around 166,313.22, down 1,329.05 points or 0.79%. Selling pressure was visible across key sectors, including automobile assemblers, cement, commercial banks, fertiliser,…

A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.Justin Sullivan | Getty ImagesMicron said on Wednesday that it plans to stop selling memory to consumers to focus on meeting demand for high-powered artificial intelligence chips. “The AI-driven growth in the data center has led to a surge in demand for memory and storage,” Sumit Sadana, Micron business chief, said in a statement. “Micron has made the difficult decision to exit the Crucial consumer business in order to improve supply and support for our larger, strategic customers in faster-growing segments.”Micron’s announcement is…