News
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Motor racing-GM says Cadillac F1 project not affected by auto tariff hit
By Matthew Majendie MIAMI, May 3 (Reuters) - Reduced profit expectations and a potential $5 billion hit from automotive tariffs will not affect Cadillac's Formula One debut next season, General Motors President Mark Reuss said on Saturday.Cadillac's parent company GM cut its 2025 profit ...Reuters
Sat, May 3
Motor racing-Disco helmets and blue Ferraris; F1 gets into Miami groove
By Matthew MajendieMIAMI, May 3 (Reuters) - Formula One teams are no strangers to revamping car liveries for the American races, and the drivers for changing helmet designs, but there are some colourful changes for this weekend's Miami Grand Prix.Perhaps the most head-turning facelift is the tr...Reuters
Sat, May 3
QUOTES-Buffett's quotes from Berkshire meeting: Trade, opportunities, United States
May 3 (Reuters) - Warren Buffett presided over his 60th Berkshire Hathaway BRKa.N shareholder meeting on Saturday, giving views on everything from trade to investment opportunities for the conglomerate.Here are some quotes from Buffett: ON TRADE: "Balanced trade is good for the world... Trade ca...Reuters
Sat, May 3
Badminton-Holders China to face South Korea in Sudirman Cup final
XIAMEN, May 3 (Reuters) - Defending champions China advanced to the final of badminton's Sudirman Cup with an unassailable 3-0 lead over Japan on Saturday, setting up a final clash with South Korea as the hosts close in on a record-extending 14th title.The Koreans, who are four-times champions, ...Reuters
Sat, May 3
Trump posts AI-generated photo of himself as pope
By Andrea Shalal WEST PALM BEACH, Florida, May 2 (Reuters) - President Donald Trump posted an AI-generated photo showing himself as the pope ahead of this week's gathering of cardinals to choose a new leader of the 1.4-billion-strong Catholic Church, and just days after he joked he would "...Reuters
Sat, May 3
Australia's Albanese claims election victory, riding anti-Trump wave
'This is a win for the ages,' Labor treasurer saysOpposition leader Dutton loses seat, concedes defeatHis party, once poll leaders, dogged by Trump comparisonsCost-of-living and Trump policies key voter issues Live coverage of the election By Kirsty Needham, Alasdair Pal and Chri...Reuters
Sat, May 3
Berkshire's Jain says Geico has made "rapid strides"
By Jonathan StempelMay 3 (Reuters) - Berkshire Hathaway's BRKa.N Geico car insurance unit has made progress in upgrading its technology to better match rates with risk, Berkshire Vice Chairman Ajit Jain said on Saturday.Jain, who has day-to-day oversight of Berkshire's insurance operations, ...Reuters
Sat, May 3
Rubio congratulates Australia's Albanese on election victory
May 3 (Reuters) - U.S. Secretary of State Marco Rubio congratulated Australian Prime Minister Anthony Albanese on his election victory on Saturday, and said the United States looked forward to deepening the bilateral relationship."The United States looks forward to deepening its relationship wi...Reuters
Sat, May 3
NEWSMAKER-Who is Australian election winner Anthony Albanese?
Offered voters stability as Trump's tariffs hitBoosted US defence cooperation, steadied China tiesFailure of Indigenous referendum was a setbackBy Kirsty Needham SYDNEY, May 3 (Reuters) - Australia's Anthony Albanese, who claimed a historic second term as prime minister on Saturday, is a ...Reuters
Sat, May 3
California wildfire losses of $1.1 billion hit Berkshire Hathaway underwriting results
SoCal wildfire losses totaled $1.1 billion ($770 million in P&C reinsurance; $300 million in primary)Pre-tax UW earnings drop from $3.33 billion to $1.72 billionNet UW earnings down from $2.60 billion to $1.34 billionBH Primary Group and BH Reinsurance Group fall to underwriting lossesBH Primary...Reuters
Sat, May 3
Berkshire endorses Japanese trading houses, could hold them 'forever'
By Jonathan Stempel OMAHA, Nebraska, May 3 (Reuters) - Warren Buffett on Saturday gave a full-throated endorsement to the five Japanese trading houses in which his conglomerate Berkshire Hathaway BRKa.N has invested. Buffett spoke at Berkshire's annual shareholder meeting in Omah...Reuters
Sat, May 3
Athletics-Duplantis falls short of record, Tinch scorches in hurdles
Duplantis fails in attempt at 6.28m Tinch clocks 12.87 seconds in high hurdles Simbine, Battle win again in sprints SHAOXING, China, May 3 (Reuters) - Armand Duplantis dominated the pole vault but was unable to improve his world record and American Cordell Tinch became the fourth fastest high hur...Reuters
Sat, May 3
Wildfires dent Berkshire's profit; cash soars to $347.7 billion
By Jonathan Stempel and Carolina MandlOMAHA, Nebraska/NEW YORK, May 3 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N on Saturday posted a lower operating profit in the first quarter, dented by insurance losses from wildfires and foreign currency changes, while its cash stake grew to a re...Reuters
Sat, May 3
Ukraine says it shot down Russian fighter jet from sea drone for first time
KYIV, May 3 (Reuters) - Ukraine destroyed a Russian Su-30 fighter jet using a missile fired from a seaborne drone, Ukraine's GUR military intelligence agency said on Saturday, in what it said was the world's first downing of a combat plane by a maritime drone.Its statement on social media sa...Reuters
Sat, May 3
Magnitude 6.0 quake hits Indonesia's Sulawesi region, no tsunami potential - Geophysics Agency
May 3 (Reuters) - A magnitude 6.0 earthquake struck Indonesia's Sulawesi region on Saturday, Indonesia's Meteorology, Climatology and Geophysics Agency reported on the X platform, adding that there was no potential for a tsunami.The European Mediterranean Seismological Centre (EMSC) estimate...Reuters
Sat, May 3
Kremlin calls Ukrainian response to Putin's ceasefire offer ambiguous, calls for clarity
MOSCOW, May 3 (Reuters) - The Kremlin said on Saturday it wanted a definitive response from Ukraine to Russian President Vladimir Putin's offer of a three-day ceasefire next week, criticising the reaction so far as ambiguous and historically wrong. Putin on Monday declared a three-day cea...Reuters
Sat, May 3
Berkshire Hathaway Says Cash Stake At March 31 $347.7 Billion
May 3 (Reuters) - Berkshire Hathaway Inc BRKa.N:BERKSHIRE HATHAWAY: CASH STAKE AT MARCH 31: $347.7 BILLIONBERKSHIRE HATHAWAY: CONDUCTED NO STOCK REPURCHASES IN Q1BERKSHIRE HATHAWAY: BOUGHT $3.18 BILLION AND SOLD $4.68 BILLION OF STOCKS IN Q1BERKSHIRE HATHAWAY: CURRENT ACCIDENT YEAR INCURRED LOSSES F...Reuters
Sat, May 3
Australia opposition leader Dutton loses seat in shock vote defeat
By Alasdair Pal SYDNEY, May 3 (Reuters) - Australia's opposition leader Peter Dutton said on Saturday he had lost his own parliamentary seat as he conceded his conservative Liberals had been defeated in national elections by the incumbent Labor Party.Dutton said the results was historic f...Reuters
Sat, May 3
