Page 3 - Bloomberg

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

Google eyes new chips to speed up AI results, challenging Nvidia

Nvidia's graphics processing units, or GPUs, remain the gold standard for AI, particularly for training more advanced models

Trump says team led by Vance heading to Pakistan for talks with Iran

Trump said the team would include Vance, special envoy Steve Witkoff and the president's son-in-law Jared Kushner

Truckers brace for first diesel price hike in four years amid Iran war

India is among the countries most exposed to the trade upheaval in the West Asia as the conflict extends into an eighth week

Iran war deepens China's dependence on US for niche gas amid supply shocks

Shipments of US ethane are expected to rise to an all-time high of 800,000 tons in April, which would be around 60 per cent higher than the monthly average

Groww faces earnings test after stock surge makes it expensive brokerage

Groww is likely report net income doubled to ₹660 crore in the three months through March from a year earlier, according to analyst estimates

Pakistan juggles mediation role abroad, deepening power crisis at home

Blackouts, LNG shortages and policy lapses hit Pakistan as it hosts key US-Iran talks amid rising energy stress

Traders brace for renewed turmoil as Strait of Hormuz standoff deepens

Iran said it would skip a second round of US-Iran talks in Islamabad this week while the American naval blockade remained in place

Standstill at Strait of Hormuz weighs on US-Iran peace deal hopes

Threatens to deepen the energy crisis roiling the global economy

Crypto hack worth $290 mn triggers DeFi contagion shock across platforms

The attacker siphoned about 116,500 rsETH - a token issued by Kelp DAO that represents "restaked" Ether - by targeting a bridge built using LayerZero

Hormuz tensions, Lebanon clashes undermine Trump peace deal hopes

US military is preparing to board Iran-linked oil tankers and seize commercial ships in international waters in coming days to pressure Iran into reopening the waterway

Pak plunging into darkness as war in Persian Gulf cuts off oil, gas supply

The crunch could not come at a worse time for Pakistan, just as the heat rises ahead of the monsoon season, boosting air conditioner use and power demand

Investors ditch safe havens, turn to riskier debt on US-Iran truce hopes

Investors have also been snatching up junk bonds, although with a preference for the higher-rated end of the spectrum, implying that money managers still see risk ahead

West Asia conflict revives stagflation dangers for global economy

Whether the twin blows affecting growth and inflation seen in purchasing manager indexes after the first month of the Iran conflict intensified during month two will be a key focus

Greek, Indian tankers make U-turn near Hormuz over reopening uncertainty

Greek and Indian tankers had all made their journeys northeast toward Hormuz from waters off Dubai, filled with crude, before they began turning around on Saturday morning

Howard Lutnick shuts down talk of Chinese investment in US auto industry

During recent trade talks between the US and China in Paris, both sides discussed the creation of a board of trade and also touched on the formation of a board of investment