After nearly six decades at the helm, Warren Buffett says he will step down as CEO of Berkshire Hathaway, naming Greg Abel as his successor.
Warren Buffett has announced he will step down as chief executive of Berkshire Hathaway at the end of the year, handing leadership to Vice Chairman Greg Abel.
Buffett, 94, took control of Berkshire Hathaway in 1965 when it was a struggling textile manufacturer. Over the next six decades, he transformed it into a $1.16 trillion conglomerate spanning insurance, energy, consumer goods, and tech.
His surprise decision to step down marks the end of an era. Buffett said he had not given advance notice to board members, making the announcement unexpected even within the company.
Widely regarded as the world’s most successful investor, Buffett built Berkshire into a corporate giant that now owns more than 60 companies, including Geico, Duracell, and Dairy Queen. The firm also holds major stakes in Apple, Coca-Cola, Bank of America, and American Express.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
amsung Electronics announced on Tuesday that co-CEO Han Jong-hee had passed away due to a heart attack, leaving newly appointed CEO Jun Young-hyun in sole charge of the company. Han, 63, had led Samsung since 2022 and was responsible for its consumer electronics and mobile devices division.
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
Intel’s incoming CEO Lip-Bu Tan is reportedly planning a comprehensive restructuring of the company’s manufacturing processes and artificial intelligence strategies—a bold move aimed at reviving the tech giant’s fortunes, according to two people familiar with his plans.
India will dispatch the second shipment of Akash surface-to-air missile systems to Armenia in July, marking continued defense cooperation between the two countries.
Iran is holding indirect negotiations with the United States to reaffirm its right to peaceful nuclear energy, President Masoud Pezeshkian said, adding that Tehran will not yield to pressure or give up its nuclear ambitions for civilian use.
President Donald Trump is set to begin his Middle East tour, visiting Saudi Arabia, Qatar, and the UAE. The trip aims to boost trade and investment, with a focus on energy, defense, and technology deals, including a $1 trillion commitment from Saudi Arabia.
A fragile ceasefire between India and Pakistan, reached on Saturday after the deadliest fighting in decades, largely held on Sunday—even as both countries traded blame and offered conflicting versions of how the truce was brokered.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pope Leo XIV made a surprise visit to the Basilica of Our Lady of Good Counsel in Genazzano. AnewZ covered the event, with journalist Maria Rodriguez Abalde on-site. She witnessed the occasion firsthand and documented key moments. More images and footage will be available soon.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
India will dispatch the second shipment of Akash surface-to-air missile systems to Armenia in July, marking continued defense cooperation between the two countries.
Iran is holding indirect negotiations with the United States to reaffirm its right to peaceful nuclear energy, President Masoud Pezeshkian said, adding that Tehran will not yield to pressure or give up its nuclear ambitions for civilian use.
President Donald Trump is set to begin his Middle East tour, visiting Saudi Arabia, Qatar, and the UAE. The trip aims to boost trade and investment, with a focus on energy, defense, and technology deals, including a $1 trillion commitment from Saudi Arabia.
A fragile ceasefire between India and Pakistan, reached on Saturday after the deadliest fighting in decades, largely held on Sunday—even as both countries traded blame and offered conflicting versions of how the truce was brokered.
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