BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…
President Trump’s trade war has created chaos for companies around the world, snarling supply chains, sowing uncertainty and muddling their ability to plan for the future. After announcing tariffs that started at 20 percent for nearly all imports from European Union members — and more on other countries — the president has scaled the rate…
Famous investor and Berkshire Hathaway Chairman Warren Buffett announced that he will step down as CEO by the end of this year, with Vice Chairman Greg Abel set to succeed him. Buffett, 94, made the announcement during Berkshire Hathaway’s annual shareholder meeting, adding that he will not sell a single share of Berkshire stock.Buffett’s decision…
President Trump is expected to announce on Thursday that the United States will strike a “comprehensive” trade agreement with Britain. Hours after teasing that an agreement would soon be announced, Mr. Trump said in a social media post that a deal had been reached that would “cement the relationship between the United States and the…
The Indian rupee fell sharply by 84 paise to settle at 85.61 (provisional) against the US dollar on Thursday, as geopolitical tensions between India and Pakistan weighed heavily on the currency.Forex traders noted that investors sought safety in the US dollar due to heightened risk aversion in the domestic markets after Pakistan’s military made attempts…
The mood at Milken As dealmakers descended on the Beverly Hilton hotel in Los Angeles this week for the annual Milken Institute Global Conference, they were laser-focused on one type of deal: trade deals. The threat of an intensifying trade war cast a shadow over the event, Lauren Hirsch reports. Many business giants in attendance…
The Bank of England has cut its main interest rate by 0.25 percentage points to 4.25%, citing concerns over the potential global economic slowdown driven by the trade policies of the Trump administration.The decision announced on Thursday, comes just hours before a widely anticipated US-UK trade deal is expected to be unveiled. President Donald Trump…
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course by a global economy lurching from one crisis to another. On Thursday, British officials appeared to secure a win. The country is set to announce some form of trade deal with the United…
OpenAI appointed Instacart CEO Fidji Simo as its new CEO of applications, company chief Sam Altman announced in a blog post to employees.Altman clarified that he would continue to be the CEO and said that the decision will allow him to increase focus on research, computation, and safety.“Applications brings together a group of existing business…
