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Meta will channel between $66 billion and $72 billion into AI infrastructure in 2025, nearly doubling its prior year’s investment, according to its second-quarter earnings report released July 30. The spending will focus on expanding data centres and servers to fuel its artificial intelligence ambitions. The company forecasts a $30 billion increase in capital expenditure … Read more
[ The Pakistan Stock Exchange (PSX) surged on Thursday following the announcement of a trade agreement between Pakistan and the United States, which includes joint development of Pakistan’s oil reserves. The benchmark KSE-100 index gained 1,563.78 points, or 1.13%, during intra-day trading to reach 139,976.03, up from the previous close of 138,412.25. Read: Pakistan, US seal … Read more
The assault came soon after President Trump threatened new sanctions against Moscow if the bloodshed didn’t let up.
Listen to article ISLAMABAD: As the fate of dozens of Pakistan Tehreek-e-Insaf (PTI) lawmakers hangs in the balance, Chief Justice of Pakistan (CJP) Yahya Afridi has taken cognisance of a letter written to him by Opposition Leader Omar Ayub, who urged the country’s top judge to ensure fair trials in the May 9 cases. The CJP opted … Read more
[The flight, which was taking 275 passengers from Salt Lake City to Amsterdam, made an emergency landing in Minneapolis on Wednesday evening, the airline said.
BEIJING: China’s Foreign Minister Wang Yi on Wednesday called for more engagement with the United States, and warned against confrontations between the two global powers, according to a statement from the Chinese foreign ministry. Wang made the comments during a meeting in Beijing with a delegation of US businesses that include executives from Goldman Sachs, … Read more
[Senior officials from both countries say they were still waiting to hear final details on the deals after comments by the U.S. commerce secretary, Howard Lutnick.
BEIRUT: Hezbollah leader Naim Qassem said on Wednesday that those demanding its disarmament were “serving” Israeli goals and accused US envoy Tom Barrack of “intimidating” Lebanon. In a televised address marking the first anniversary of the targeted killing by Israel of senior commander Fuad Shukr, Qassem said “anyone calling today for the surrender of weapons, … Read more
IKARIA: It’s midnight in the Aegean Sea but on the Greek island of Ikaria, in the courtyard of the church of St Elijah, the revelry was barely getting started, reports AFP. Dozens of dancers and scores of onlookers, including many tourists, were attending the local “panigiri”, a folk celebration that is an integral part of … Read more
Listen to article KARACHI: The Pakistani rupee continued to strengthen against the US dollar on Wednesday, appreciating by 0.04% in the inter-bank market. By the end of trading, the rupee closed at 282.95, marking a rise of 10 paisa from the previous day’s close at 283.05. The local currency has benefited from a government crackdown on illegal … Read more