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Archive May 3, 2025

Warren Buffett to retire as Berkshire Hathaway CEO at end of 2025

Warren Buffett, a billionaire investor, will step down as CEO of Berkshire Hathaway at the end of the year.

At the close of 2025, Buffet announced at the group’s annual shareholder meeting that he would step down as CEO, handing over the reins to vice chairman Greg Abel, who had already been tasked with his appointment.

At the meeting in Omaha, Nebraska, Buffett said, “I would still hang around and could conceivably be useful in a few cases. The final word would be what Greg said in terms of operations, in capital deployment, or whatever it may be.”

The board of directors would “unanimously support” his recommendation, he added.

Without Buffett’s intervention, Abel arrived about an hour later to lead a formal Berkshire business meeting. He said, “I just want to say that as we move forward, I couldn’t be more humbled and honoured to be a part of Berkshire.”

Abel, 62, has been in charge of non-insurance operations at the company since 2018, and he was expected to succeed Buffett as CEO in 2021, but it was always assumed he would not succeed him until after Buffett’s passing.

Buffett, 94, has always maintained that he has no plans to retire. He has been referred to as the “Oracle of Omaha” because of his influence in business and financial circles.

His resignation comes at the end of a remarkable 60-year run that saw him transform Berkshire from a failing textile company into a $ 1.16 trillion conglomerate with $300bn in liquid assets.

According to Forbes magazine’s real-time rich list, Buffett’s net worth as of Saturday was $ 168.2 billion. He pledged to continue investing in the business on Saturday.

“I have no intention of selling a Berkshire Hathaway share,” I declare. Buffett remarked, “I will give it away eventually.”

Because I believe Greg’s management will have better chances of keeping every share, he said, “the decision to keep every share is an economic decision.”

Buffett drew attention to the dire consequences of President Donald Trump’s tariffs earlier on Saturday, stating that “trade should not be a weapon” but “there is no denying that trade can be an act of war.”

Renewed Hope Initiative Distances Fubara From Protest At First Lady’s Event

The Rivers State Office of the Renewed Hope Initiative (RHI) has denied claims that suspended Governor Siminalayi Fubara was behind a protest that disrupted a women’s empowerment programme organised by the First Lady, Senator Oluremi Tinubu, in Port Harcourt on Friday.

The incident occurred on Friday during the RHI/Sustainable Development Goals (SDG) Women Empowerment Programme, organised by the Office of the First Lady, Senator Oluremi Tinubu, and held at the EUI Event Centre, GRA, Port Harcourt.

In a statement issued on Saturday and signed by the Rivers State Coordinator of RHI, Mrs Tonye Briggs-Oniyide, the office expressed deep disappointment over what it described as “an unjust attempt to drag Governor Fubara’s name into an unfortunate narrative”.

“The attention of the Rivers State Office of the Renewed Hope Initiative has been drawn to a regrettable and misleading statement issued by the Media Office of the FCT Minister, which unjustly attempts to drag the name of the Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, into an unfortunate narrative.

” The protest was spontaneous and bore no connection to the governor or his administration. To insinuate that Governor Fubara would sabotage a programme he actively supported and funded is not only illogical but patently false, “the statement read.

The Renewed Hope Initiative statement comes hours after the Federal Capital Territory (FCT) Minister Nyesom Wike, through his media office, condemned the walkout at the First Lady’s event as” disturbing and embarrassing”, accusing Fubara’s supporters of orchestrating it.

READ ALSO: Wike Apologises To First Lady Over Rivers Women’s Walkout, Calls Incident ‘ Embarrassing ‘

But the Rivers RHI coordinator clarified that Governor Fubara, who is currently on vacation, had fully supported the planning and hosting of the event — logistically and otherwise — as part of his commitment to the objectives of the Renewed Hope Initiative.

Briggs-Oniyide noted that the programme was progressing smoothly with a large turnout and enthusiastic participation from women across the state, until a disruption occurred during a speech by Mrs Theresa Ibas, wife of the Rivers State Administrator.

According to her, some women in attendance voiced their dissatisfaction, stating they did not recognise Mrs Ibas as their First Lady and expressing their preference for Governor Fubara’s wife, Valerie.

The RHI Rivers office further criticised the comments made by Mr Lere Olayinka, media aide to the FCT Minister, as” deeply misleading “and an attempt to politicise a non-partisan empowerment programme.

” The real mischief lies with external political actors who, rather than acknowledge the suspended Governor’s commitment to women-centred development, have chosen to distort the facts for political gain, “Briggs-Oniyide said.

Shettima, Other African Leaders Attend Nguema’s Inauguration In Gabon

Vice President Kashim Shettima on Saturday represented President Bola Tinubu at the inauguration of Brice Nguema as President of Gabon President.

The inauguration ceremony, which held at the Stade de l’Amitié sino-gabonaise in Libreville, Gabon, saw military parades, marchpast and display of Gabon’s rich cultural heritage.

Vice President Shettima, was joined on the short trip by Chairman, House Committee on Police Affairs, Hon Usman Bello Kumo and the Special Adviser to the President on General Duties (Office of the Vice President), Aliyu Modibbo.

READ ALSO: &nbsp, Presidency Faults Claim Shettima Was Denied Access To Aso Villa

Other African Leaders who attended the event were President Teodoro Nguema of Equatorial Guinea, Paul Kagame of Rwanda, John Mahama of Ghana, Faustin-Archange Touadéra of Central African Republic, Adama Barrow of The Gambia, Julius Maada Bio of Sierra Leone, Félix Tshisekedi of Democratic Republic of Congo, Bassirou Faye of Senegal, and Mahamat Itno of Chad.

Others were Denis Nguesso of the Republic of Congo, Ismaïl Guelleh of Djibouti, Umaro Embaló of Guinea-Bissau and Évariste Ndayishimiye of Burundi among many others.

In his inauguration speech, President Nguema, thanked the Gabonese citizens for their overwhelming support for him, leading to his emergence as a democratically elected President.

He pledged to work hard for the development of Gabon as well as empower the youth in order to secure the future of the nation.

Williams defeats Trump in World Championship semi-final

Images courtesy of Getty
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Mark Williams, the three-time champion, defeated world number one Judd Trump 17-14 to become the oldest player to ever reach a World Championship final.

The Welshman, who turned 50 in March, surpasses Ray Reardon, a 49-year-old who won the title six times and made the 1982 final.

Williams had a 7-3 lead at the start of the match, but his unwavering class showed up as he reined in the 2019 champion to 8-8 on Friday, and he stayed on top of that result for two sessions on Saturday, avenging his 17-16 defeat to Trump in their final-four Crucible thriller in 2022.

I’m not going to lie, I was starting to twitch toward the end. In the final frame, Williams claimed, “I almost missed the black; I did feel a little tension on the back arm.”

“I’m never nervous at any time, but I did during that break.” I’m in a new final, and I’m not sure how I’m doing, to be honest.

Before Trump responded with his 106th birthday campaign, which has resulted in six final appearances, the Welshman returned with the 13-11 lead after taking the first two frames with half-century.

Williams was among the balls when Trump hit a safety shot too thin, so he capitalized with a superb 100 break of his own to take the 16-12 lead at the mid-session interval.

When Williams missed a red in the middle of the left, the 35-year-old Englishman made a 116 clearance to get back to 16-14 to add to his world title starting in 2019.

When he missed a challenging black to the right corner, Williams’ hopes of revival were thwarted, and he scored the famous century of the evening.

“Mark was the more consistent player throughout, and he deserved the victory in the end. No negatives are present; instead, Trump remarked, “I tried my hardest and just ran out of steam.”

You just need to take your hat off to Mark because he was too good over the three days, and I’ll try to improve for the following year, so I’m sure you can take my hat off to him.

In the first left-handed player world championship game, Williams will take on Zhao Xintong from China.

I want my money back, I promise.

Since he insisted that opponents would be “praying” against him in the build-up to the tournament because of his well-known eyesight issues, it has been a remarkable turnaround in fortunes for Williams.

Ding Junhui defeated him 10-3 in the March World Grand Prix and World Open, and he lost to Stuart Bingham and Akani Songsermsawad.

The bookmakers all favored Trump to win this encounter despite his defeat of John Higgins by 13-12 in the Crucible classic.

Trump had arguably been the tournament’s standout athlete, and he had largely displayed a steely resolve to increase his trophy haul in Sheffield.

He would have also become the first player to surpass the £2 million prize money barrier in a single campaign if he had won the blue-riband event, which is a notable example of the excellence he has consistently demonstrated.

Williams will now face one of Snooker’s new players, who is 22 years his junior, who was just two when the Welshman made his debut in the Crucible final in 1999. Despite this, Williams was superior in almost every aspect.

Williams continued, “I came here with not much form, I lost in the first round in the past few tournaments, but I wasn’t really concerned.”

I spent four or five hours working in the club with Lee Walker, Williams’ coach, and Lee [Walker] trying to get some form out of [lenses] and without contacts.

“I tried everything, including varifocals, and contacts, because I really struggled with my eyes during the past couple of tournaments.” Lee chose to decide whether or not I’m playing well and how I’m hitting them, and he said he thought it would be better for me to leave them alone.

No refunds are given for the afternoon session.

Fans were denied refunds earlier on Saturday for what was supposed to be the fourth session of the Ronnie O’Sullivan v. Zhao Xintong semi-final.

There was no competitive action at the Crucible in the afternoon as Zhao won the match 17-7 against the ” Rocket “.

A question-and-answer session with seven-time champion Stephen Hendry and 1997 champion Ken Doherty were substituted for an exhibition featuring Steve Davis and Dennis Taylor, who are both 40 years old after Taylor’s victory in their famous black-ball final.

According to the World Snooker Tour’s (WST) box office policies, it is “unable to provide ticket refunds or exchanges.”

The session’s ticket prices ranged from £121 to £660, including all fees.

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  • Snooker

Britain’s Got Talent fans spot problem with impressions act amid judges’ praise

Judges like Amanda Holden praised impressionist Will Burns’ most recent performance tonight in the live semi-final of the ITV show.

Fans of Britain’s Got Talent suggested earlier tonight that they had spotted a problem with impressionist Will Burns’ performance in his semi-final. He was among the acts who returned to the stage this weekend for a spot in the final.

The second semi-final of the ITV’s new series was broadcast live from the Eventim Apollo in London this evening. Judges Simon Cowell, 65, Amanda Holden, 54, Alesha Dixon, 46, and Bruno Tonioli, 69, were reintroduced to a number of acts who had made it through to this stage of the contest.

Will, 24 – who received a golden buzzer from Ant McPartlin and Dec Donnelly earlier in the series, which sent him through to the semi-finals – was back with more impressions of various celebrities. He impersonated the likes of Paddy McGuinness, Alan Carr and Billy Connolly tonight.

A picture of each celebrity Will was impersonating, or a picture of a show’s logo was projected on a screen behind him during the routine. However, some viewers thought it was unfavorable.

On X, a user wrote that “sharing a large picture that depicts who you are trying to impersonate (failly) is not a good sign.” Another fan remarked, “It’s not necessary to display who they are in the background,” adding that.

A third viewer expressed her appreciation for the courage required to be a comedian on the platform. One of the hardest moves is making people laugh. However, this was lacking in humor and was unfunny. Also, it’s bad to leave a picture of the person you’re impersonating, too, if you have to do so.

Continue reading the article.
Will Burns impersonated the likes of Billy Connolly on Britain’s Got Talent this weekend(Image: ITV/Britains Got Talent)

Someone else remarked, “You’re not really that good mate if you need f*ing great pictures of who you’re impersonating behind you.”

However, some people suggested that Will was not the only person who photographed the celebrities. One fan questioned, “Why do impressionists screen images of their jobs?” If you’re any good, we should know. Another questioned the question, “Why do impressionists always reveal their intentions before acting in a particular way?” We would be able to guess if they were that talented.

The act received praise despite being criticized on social media. Will the impressions were unquestionably brilliant, and people loved it. Another person described the Brynn from Gavin and Stacey as being excellent.

Following Will’s performance in tonight’s semi-final, the BGT judges gave him a lot of praise. Bruno declared to the impressionist, “You nailed it, despite your anxiety.” He continued, “You have talent. You have a great sense of humor. You are able to deliver your messages. You are very precise.

While Alesha stated in her feedback, “Here you are shining on stage. Fantastic content was provided. The performances were fantastic. The audience needs to remain entertained, laughing, and engaged throughout one of the most challenging tasks on this stage. It was put together brilliantly.

Will remarked, “It’s just one seamless monologue.” That’s never how it’s done before. I’ve never seen anything that allows voices to enter other voices. You’re a delight, in my opinion! She continued, “I would love, love, love to see you in the final.”

By the way, Simon said, “You just nailed it.” You absolutely took your three minutes, and I don’t believe you have any other options. That was “seriously, seriously good”!

Next Saturday at 7 p.m., Britain’s Got Talent airs on ITV, STV, ITVX, and STV Player.

Continue reading the article.

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GB beat Poland to seal World Championship promotion

Dean Woolley

On the final day of the competition in Romania, Great Britain defeated Poland 3-0 to advance to the top of the standings of the ice hockey world championship.

With an unbeaten campaign, GB won the World Championship Division I Group A medal, along with victories over Ukraine, Romania, Japan, and Italy.

Josh Waller scored the rebound after Robert Dowd’s saved a shot to give GB the lead for his third tournament goal.

Ollie Betteridge fired the third goal past Poland goalkeeper Tomas Fucik after Dowd added the second goal.

In the third period, GB goalie Ben Bowns saved four crucial saves to seal the victory.

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  • Hockey on ice