Tuesday, June 10
Billionaire investor Warren Buffett has long steered clear of Silicon Valley’s flashiest trends. But as he prepares to step down as chief executive of Berkshire Hathaway later this year, the investment firm he built is now deeply exposed to the engine driving today’s technology boom: artificial intelligence.Apple and Amazon, two companies at the heart of the AI race, together account for roughly 22% of Berkshire’s $282 billion equity portfolio, or about $62 billion in market value. The stakes underscore a subtle but meaningful shift in the strategy of an empire once defined by railroads, banks, and insurance firms.Apple’s weight remains, even after a pullbackApple, with its $3 trillion valuation, remains Berkshire’s largest stock holding by far, making up 21.6% of the total portf
Jindal Saw on Monday approved the incorporation of a step-down subsidiary in the UAE and entered into joint venture (JV) agreements to establish two new companies in Saudi Arabia.The new UAE subsidiary will focus on setting up a pipe manufacturing facility with a capacity of 300,000 tons per annum (TPA) in Abu Dhabi. This facility aims to cater primarily to the oil and gas sector across the MENA region.In Saudi Arabia, Jindal Saw Holdings FZE, a subsidiary of Jindal Saw, has partnered with Buhur for Investment Company LLC to launch a helically spiral welded (HSAW) pipe project. Additionally, a JV with RAX United Industrial Company will establish a ductile iron pipe manufacturing unit, further strengthening the company’s footprint in the iron and steel industry in Saudi Arabia.All necessa
London: Reigning champions Australia face South Africa in the World Test Championship final at Lord's starting Wednesday amid a chorus of criticism over the competition's format.Wisden, cricket's 'bible', was scathing in its assessment, with editor Lawrence Booth writing in this year's edition that the WTC is a "shambles masquerading as a showpiece".Meanwhile, former England captain Michael Atherton said "everyone knows the WTC in its present guise is flawed".One fundamental problem is that political tensions mean India and Pakistan, two of cricket's leading nations, have not played a Test against each other since 2007.The nine-nation WTC is further skewed because the teams are not being required to face each other or to play the same number of matches, unlike most sports leagues. Countri
