Bloomberg

Apple's Cook says he's 'healthy'; new CEO Ternus promises AI products

"I'm excited to continue my journey at Apple as executive chairman," said Cook, 65. I am healthy. My energy is high, and I plan to be in this new role for a long time

Apple outgoing CEO Tim Cook takes on crucial new role of global ambassador

Apple said that Cook's work will include engaging policymakers around the world

Apple's new CEO John Ternus faces challenge of retaining top talent

As Ternus assesses his management team, there's a broader concern. Another wave of longstanding executives could retire around the same time, and he'll have to find new ones

UK, France convene fresh summit of military planners on Hormuz reopening

Planners from more than 30 countries will participate in the talks in a two-day conference in north London, which will "advance military plans to reopen the Strait

Gates Foundation reviews Jeffrey Epstein ties as founder faces scrutiny

The external review will also examine 'current policies for vetting and developing new philanthropic partnerships', the organization said in a statement posted online

Top oil traders warn Hormuz closure risks global recession, demand hit

The vital energy channel has been largely closed to non-Iranian shipping since war began at the end of February, choking off hundreds of millions of barrels of supply

Stocks extend losses as Vance trip on hold fuels Iran talks uncertainty

The standoff threatens to deepen a global energy crunch, with flows through the vital Strait of Hormuz remaining at a virtual standstill

US Fed nominee Warsh says he'll 'absolutely not' be Trump's stock puppet

Warsh was responding to a question from Senator John Kennedy of Louisiana about whether he would be a "sock puppet" for the president. "Absolutely not," Warsh responded

Apple bets new CEO John Ternus will bring back Jobs-era decisiveness

Apple also is betting that Ternus has a more decisive leadership style, something closer to that of co-founder Steve Jobs

Rupee falls 0.4% to 93.49 per dollar as RBI eases derivative curbs

Governor Sanjay Malhotra had signaled on April 8 that the measures would not remain "forever," signaling a temporary approach

IMO prepares evacuation plan for hundreds of ships stuck in Persian Gulf

The plan can only be put into action when there are clear signs of de-escalation, according to Secretary General Arsenio Dominguez

Apple CEO Tim Cook's record of success: Some numerical highlights

The outgoing CEO Tim Cook, who'll stay on as executive chairman, built up an unprecedented record of success over his tenure

Trump signals no truce extension with Iran on eve of scheduled peace talks

Trump said in an interview on Monday that the ceasefire expires on Wednesday evening in Washington and he is 'not going to be rushed into making a bad deal'

Apple to focus hardware team into five key areas under Johny Srouji

The change aims to simplify the structure of his organisation, which will add thousands of employees and responsibility over the engineering of the iPhone, iPad, Apple Watch and other products

Banks dangle 30% raises for dealmakers to meet IPO demand in India

Firms are looking to increase the total number of positions by 15% to 20%, according to estimates by the executive search firms Sheffield Haworth and Native, compared with last year's growth of 18%

Read memos from Apple's Tim Cook and John Ternus on CEO transition

Cook, who took the CEO role from co-founder Steve Jobs in 2011, will stay with the company as executive chairman after the transition set to take place on Sept 1

Amazon to invest another $5 bn in Anthropic as part of $100 bn cloud deal

Anthropic, which makes the Claude chatbot and coding tool, plans to spend more than $100 billion over the next 10 years on Amazon's cloud technologies and chips

Japan removes most restrictions on weapon exports in historic policy shift

Japanse PM Sanae Takaichi approved changes to defence export rules that will create a larger market for companies in the arms business

Apple CEO Tim Cook to step down, John Ternus to take over on Sep 1

Ternus, 50, has served as head of hardware engineering since 2021 and spent 25 years focused on product development at the iPhone maker

India expands Russian insurer list as Iran conflict disrupts oil flows

Some 11 Russian insurers that are not members of so-called P&I Clubs are now allowed to provide the services, up from eight last month