Ted Weschler, 64, is widely recognized as a value-oriented investor who took on the role of investment manager at Berkshire Hathaway in 2012. His appointment added depth to the company’s investment bench and highlighted the continued emphasis on value-driven, long-term investing at one of the world’s most closely watched investment organizations. Who is Ted Weschler? … Read more
The world’s sovereign wealth funds reached a new high last year, with assets under management totaling $15 trillion. That milestone came during a period when many of these state-owned investors increased their bets on technology and benefited from generally buoyant markets. Why the jump to $15 trillion matters Reaching $15 trillion highlights how influential sovereign … Read more
India’s IT workforce model is changing For decades, India’s large IT services firms have relied on a workforce made up overwhelmingly of full-time employees. That model gave firms control over training, billability and client relationships. Now, some firms are exploring a shift toward engaging gig workers and contractors — a move prompted in part by … Read more
Federal Court Clears Path for States to Challenge HPE’s $14 Billion Juniper Deal A federal judge this week set ground rules that allow a coalition of a dozen states to press a legal challenge to the Justice Department’s approval of Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks. The move brings fresh scrutiny to … Read more
Company says year-end incentive bump was routine, not linked to strike A popular food-delivery platform has clarified that the higher incentives paid to delivery partners on 31 December were part of its routine operational practice and were not connected to an ongoing gig workers’ strike. The company said the move followed normal scheduling and payment … Read more
SoftBank Chief Executive Masayoshi Son has made an “all in” bet on OpenAI as part of a broader push to channel more capital into artificial intelligence and the infrastructure that supports it. This move reflects a clear strategic pivot for SoftBank, reasserting the company’s position at the center of rapid change in the tech landscape. … Read more
Guinea to Contest $28.9 Billion Arbitration Claim by Axis International Guinea has announced it will defend itself against a massive $28.9 billion arbitration claim lodged by Axis International Ltd. The government says it terminated Axis’s bauxite-mining permit because the company violated an industry code. What Happened Axis International, a firm involved in bauxite mining, has … Read more
German prosecutors have agreed to drop a corruption or money-laundering probe into Russian magnate Alisher Usmanov after he consented to pay nearly $12 million. The development closes a chapter in a high-profile investigation and raises questions about how wealthy individuals resolve cross-border legal issues. What prosecutors said Authorities in Germany announced they will discontinue their … Read more
Macquarie Pledges £245 Million More to Support Southern Water Macquarie Asset Management has committed to injecting a further £245 million ($330 million) of equity into Southern Water Ltd. The move forms part of a broader plan intended to strengthen the finances of the UK utility and provide greater stability as it addresses operational and regulatory … Read more
Rainmatter’s stance stands out as VCs pull back from climate-tech Rainmatter’s position on climate-focused investing arrives as a sharper reminder of the mixed track record Indian climate-tech has posted so far. After a period of early optimism, many venture capital funds in India have grown cautious — a response to a sector that has struggled … Read more