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Intel reduces manufacturing plans, aims to trim workforce by a third

Intel has revealed that it will scale back on its manufacturing projects, including halting or delaying key initiatives in Germany and Poland. The company, under the leadership of new CEO Lip-Bu Tan, has taken steps to reduce inefficiencies by reevaluating its expansion plans, as reported by TechCrunch. In its second-quarter earnings report, Intel confirmed that … Read more

Pakistan condemns Israel’s ‘unlawful’ West Bank sovereignty claim

Listen to article French President Emmanuel Macron announced that France will formally recognise a Palestinian state during a United Nations meeting in September, becoming the most powerful European country to do so, AFP reported on Friday. At least 142 countries now recognise or have declared intentions to recognise Palestinian statehood, according to an AFP tally. However, the … Read more

Dar-Rubio talks to focus on regional tensions

Listen to article ISLAMABAD: Foreign Minister Ishaq Dar and US Secretary of State Marco Rubio are set to hold talks in Washington on Friday, the Foreign Office confirmed, saying bilateral ties, regional and international issues as well as India-Pakistan relationship would top the agenda. “I can confirm that the meeting is scheduled for tomorrow, and the entire … Read more

US quits Gaza truce talks

JERUSALEM: The United States joined Israel on Thursday in pulling its negotiators from Gaza ceasefire talks, with special envoy Steve Witkoff blaming Hamas for failing to reach a deal and saying Washington would “consider alternative options”. Israeli Prime Minister Benjamin Netanyahu said earlier his government was still seeking a ceasefire despite recalling its negotiators from … Read more

S&P upgrades credit rating to B-

[ Listen to article ISLAMABAD: Standard & Poor’s (S&P) credit rating agency on Thursday upgraded Pakistan’s rating by a notch to B negative, which is better than the previous standing but still two positions below investment grade. The revision was made due to the implementation of reforms and a reduction in sovereign default risks. S&P Global Ratings … Read more