Bloomberg

Disney's succession committee closes in on replacement for CEO Bob Iger

As part of the process, Disney has been seeking shareholder feedback on a new pay package for its next CEO

TikTok seals long-awaited deal to operate in US, averts nationwide ban

The social media company has officially established a US entity with three managing investors: Oracle Corp., private equity firm Silver Lake Management LLC, and Abu Dhabi-based investment company MGX

Zelensky criticises Europe's inaction against Putin during Davos address

Addressing the World Economic Forum in Davos on Thursday, Zelensky accused European rivals of failing to halt Russia's shadow fleet tankers

Silicon Valley pours out lobbying, cash & flattery to win over Trump

Altogether, the biggest tech and AI companies spent $109 million on lobbying last year, topping $100 million for the first time, according to Bloomberg News

Tata to invest $11 billion in AI Innovation City near Navi Mumbai airport

Global demand for data center capacity could more than triple by 2030 to reach an annual level of 219 gigawatts, according to consultancy McKinsey & Co

Air India braces for record $1.6 bn loss after deadly Ahmedabad crash

Losses come on the back of a turbulent year for Indian aviation marked by flier anxiety, flight delays and mass cancellations by rival carrier that has put a spotlight on duopolistic market structure

Flagship Russian crude sinks in China after Indian buyers pull back

In a sign of the overall trend, Russia's oil exports recently fell to the lowest since August, as Moscow faced mounting difficulties in delivering barrels to key buyer India

RBI to focus on rupee's drop pace, not defend levels, as it hits record low

The rupee has been buffeted by equity outflows, with a record $19 billion last year and a further $2.9 billion this month amid valuation concerns, steep US tariffs and delays in a trade deal

Democratic senator assails secret ICE policy to enter homes without warrant

In a letter to Homeland Security Secretary Kristi Noem, Blumenthal said an "anonymous" disclosure to his office revealed a May 12, 2025, memo from US Immigration and Customs Enforcement

Premier League teams no longer dominate football's global rich rankings

English teams have slipped out of the top four of Deloitte's Money League for the first time in 29 years, according to an annual survey of the highest revenue generating football clubs globally

Elizabeth Holmes asks Trump to shorten prison sentence for Theranos fraud

White House is sifting through thousands of clemency requests, including a pardon bid by Archegos Capital Management founder Bill Hwang, who was convicted over the collapse of his $36 bn family office

Trump warns Powell won't be 'very happy' if he stays on at Federal Reserve

The Trump administration has intensified its fight against the current Fed chair, issuing subpoenas hinting at a possible criminal probe into the central bank's renovation of Washington headquarters

TikTok Canada to continue operations as court orders security review

In November 2024, Canada ordered ByteDance Ltd to shut its TikTok Canada subsidiary, but the Federal Court on Wednesday set aside that order following the government's motion in TikTok's appeal

Global water 'bankruptcy' begins as billions face irreversible shortages

Global warming is increasing water demands and makes the natural supply of water less predictable

Paper tossing, winding riffs as Trump recaps first year back in office

For more than 10 minutes, he showed off mugshots of people he said had been arrested, remarking on their alleged crimes

AI boom reshapes jobs, geopolitics and global adoption push at Davos

OpenAI is expanding its efforts to convince global governments to build more data centers and encourage greater usage

EU 'fully prepared' to hit back over Trump's Greenland tariffs, threats

Pointedly, von der Leyen also argued that there was no returning to the world order that Europe spent decades building with US cooperation

ICE makes mistakes, says Trump, but stands by immigration crackdown

Trump admits ICE agents can make mistakes and be rough at times, but insists aggressive immigration enforcement is necessary despite protests and falling public support

JPMorgan UK unit to open branch in GIFT City for equities trading

Dipesh Shah, executive director at IFSCA, confirmed that the regulator had issued a license to JPMorgan Securities earlier this month

BPCL leads push to lock in long-term Middle East crude oil purchases

BPCL, as the company is known, has issued tenders for three grades - Abu Dhabi's Murban, Iraqi Basrah and Oman crude - for delivery from April to March 2027