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Warren Buffett To Step Down, Greg Abel To Be New Berkshire Hathaway CEO
Warren Buffett, who built Berkshire Hathaway into a business valued at over $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.
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Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
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Google’s Pichai Says US Fix Is ‘De Facto’ Spinoff of Search
Alphabet CEO Sundar Pichai told a judge that the DoJ's plan to share Google's search data with rivals would be a “de facto” divestiture of the company’s search engine. Pichai was called to testify as part of a three-week trial aimed at determining how Google should restore competition to online search.
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Apple Dealt Stinging Court Defeat on App Store Sales Commissions
Apple violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace, a federal judge said.
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Xi Is Trying To Turn World Against US As Trump Cuts Deals
President Xi Jinping's diplomats are fanning out across the world with a clear message for countries cutting deals with Donald Trump: The US is a bully that can't be trusted.
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Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
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Only Google Can Run Chrome, Company’s Browser Chief Tells Judge
Google Chrome's general manager Parisa Tabriz testified before a Washington federal court on Friday as part of the Justice Department’s antitrust case that accuses Google of monopolising the web search market. Tabriz told the court that Google is the only company that can offer the level of features and functionality that its popular Chrome web b...
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Tesla Refunds Early India Bookings Signaling Entry Is Near
Tesla is refunding the years-old bookings since the older generation of the Model 3 is being discontinued. The move suggests a clearing of the decks before new models are officially launched in India, following years of hesitation due to high import duties.
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China Greenlights 10 New Nuclear Reactors, Cementing Clean Energy Push
China's State Council approved 10 new reactors on Sunday in a vote of confidence for nuclear power to remain central to the nation's clean energy transition.
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
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Nintendo Switch 2 Keeps Up Fast Pace With US Pre-Order Sellout
Nintendo's new Switch 2 console maintained strong momentum toward its summer release. Concerns about the price, $150 (roughly Rs. 12,816) higher than the predecessor Switch, and a gloomy macroeconomic outlook have not dampened consumer enthusiasm for the long-awaited gadget.
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China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
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Harvard Seeks To Sell $1 Billion In Private Equity Stakes, Says Report
Harvard University's endowment is in advanced talks to sell private equity fund interests totaling about $1 billion amid financial uncertainty and President Donald Trump's threats to cut federal funding, according to Bloomberg News on Thursday.
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Google Chrome Worth ‘Upwards of $50 Billion,’ Browser Rival Says
Google’s Chrome web browser could be sold for as much as $50 billion (roughly Rs. 4,26,756 crore), estimates CEO of rival search engine, DuckDuckGo. Weinberg, who said the estimate was “back-of-the-envelope” math based on Chrome’s user base, testified as part of a three-week hearing in the DOJ’s case against Alphabet’s Google to determi...
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Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
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Warren Buffett To Step Down, Greg Abel To Be New Berkshire Hathaway CEO
Warren Buffett, who built Berkshire Hathaway into a business valued at over $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.
-
Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
-
Google’s Pichai Says US Fix Is ‘De Facto’ Spinoff of Search
Alphabet CEO Sundar Pichai told a judge that the DoJ's plan to share Google's search data with rivals would be a “de facto” divestiture of the company’s search engine. Pichai was called to testify as part of a three-week trial aimed at determining how Google should restore competition to online search.
-
Apple Dealt Stinging Court Defeat on App Store Sales Commissions
Apple violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace, a federal judge said.
-
Xi Is Trying To Turn World Against US As Trump Cuts Deals
President Xi Jinping's diplomats are fanning out across the world with a clear message for countries cutting deals with Donald Trump: The US is a bully that can't be trusted.
-
Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
-
Only Google Can Run Chrome, Company’s Browser Chief Tells Judge
Google Chrome's general manager Parisa Tabriz testified before a Washington federal court on Friday as part of the Justice Department’s antitrust case that accuses Google of monopolising the web search market. Tabriz told the court that Google is the only company that can offer the level of features and functionality that its popular Chrome web b...
-
Tesla Refunds Early India Bookings Signaling Entry Is Near
Tesla is refunding the years-old bookings since the older generation of the Model 3 is being discontinued. The move suggests a clearing of the decks before new models are officially launched in India, following years of hesitation due to high import duties.
-
China Greenlights 10 New Nuclear Reactors, Cementing Clean Energy Push
China's State Council approved 10 new reactors on Sunday in a vote of confidence for nuclear power to remain central to the nation's clean energy transition.
-
Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
-
Nintendo Switch 2 Keeps Up Fast Pace With US Pre-Order Sellout
Nintendo's new Switch 2 console maintained strong momentum toward its summer release. Concerns about the price, $150 (roughly Rs. 12,816) higher than the predecessor Switch, and a gloomy macroeconomic outlook have not dampened consumer enthusiasm for the long-awaited gadget.
-
China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
-
Harvard Seeks To Sell $1 Billion In Private Equity Stakes, Says Report
Harvard University's endowment is in advanced talks to sell private equity fund interests totaling about $1 billion amid financial uncertainty and President Donald Trump's threats to cut federal funding, according to Bloomberg News on Thursday.
-
Google Chrome Worth ‘Upwards of $50 Billion,’ Browser Rival Says
Google’s Chrome web browser could be sold for as much as $50 billion (roughly Rs. 4,26,756 crore), estimates CEO of rival search engine, DuckDuckGo. Weinberg, who said the estimate was “back-of-the-envelope” math based on Chrome’s user base, testified as part of a three-week hearing in the DOJ’s case against Alphabet’s Google to determi...
-
Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
