Latest news with #iOS26Beta2
Time of India
3 days ago
- Business
- Time of India
Reuters account on Twitter restored in India, email from the company says ‘At this time, we are no longer…'
Elon Musk-owned X has restored access to Reuters' official account in India, a day after it had been blocked due to a legal request. The main @Reuters account, followed by over 25 million users globally, was withheld in India on Saturday night. Indian users who tried to access it saw a message saying the account had been withheld 'in response to a legal demand.' However, a spokesperson for the Indian government's Press Information Bureau told Reuters that no government agency had requested the block. The official said they were working with X to resolve the issue. Another account, @ReutersWorld, which was also blocked in India, was restored later Sunday night. Announcing that the ban has now been lifted, Reuters quoted an email from X which said 'At this time, we are no longer withholding access in INDIA to your account'. Why Reuters account was banned in India Official sources told news agency PTI that a request to block Reuters' account was made during Operation Sindoor . The microblogging platform seems to have now acted on that request and blocking Reuters' account in the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Serbia: New Container Houses (Prices May Surprise You) Container House Search Now Undo In an earlier email dated May 16, X had told Reuters: 'It is our policy to notify account holders if we receive a legal request from an authorized entity (such as law enforcement or a government agency) to remove content from their account.' 'In order to comply with X obligations under India's local laws, we have withheld your X account in India under the country's Information Technology Act, 2000; the content remains available elsewhere,' the platform added. X did not specify which content triggered the action, who filed the request, or why it was made. The company noted that users can contact the secretary of India's Information and Broadcasting Ministry for further action. iOS 26 Beta 2 Hands-On: Apple Finally Does It
Time of India
3 days ago
- Business
- Time of India
Bill Gates out of world's 10 richest man list as his net worth falls 30% in 7 days; he is replaced by Microsoft‘s former CEO
Bill Gates has dropped out of the top ten on the world's richest list, with his net worth now calculated as less than that of his former assistant and successor as Microsoft's former CEO, Steve Ballmer. This change comes after a recalculation to reflect Gates' substantial charitable giving. Gates' fortune was reduced by about $52 billion, almost by 30% this week. This recalculation shrank his net worth from over $175 billion to $124 billion, moving him from fifth to twelfth place on the Bloomberg Billionaires Index. Steve Ballmer , with a net worth of $172 billion, replaced Gates in the fifth spot. Gates now also trails Alphabet co-founders Larry Page and Sergey Brin , Nvidia CEO Jensen Huang, and longtime friend and Berkshire Hathaway CEO Warren Buffett in the rankings. Bloomberg stated that it adjusted the appreciation rates used in calculating his wealth to "better reflect Gates' outside charitable giving and the wealth estimate" that Gates provided in a blog post in May. What Bill Gates said in his blog In the blog post, Bill Gates noted that his net worth was $108 billion and committed to donating nearly all of it through the Gates Foundation over the next two decades. He projected that the foundation would spend more than $200 billion before closing by the end of 2045. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo As per the Gates Foundation's website, Gates and his former wife, Melinda French Gates, had contributed a combined total of $60 billion to the foundation by the end of December 2024, while Warren Buffett has donated $43 billion. Gates currently holds about 1% of Microsoft and has received over $60 billion in stock and dividends from the company, Bloomberg reported. The majority of his wealth is now managed by Cascade Investment, a holding firm with interests in real estate, energy, and both private and public companies. As per the report, Ballmer is now wealthier than Gates, which is an unusual feat for a former employee compared to the company's founder. This is largely due to an early compensation deal at Microsoft that transitioned from profit-sharing to equity. Ballmer became CEO in 2000 and left in 2014 with a 4% stake in the company. As Microsoft's stock has surged over the past decade, his wealth has grown significantly. He currently owns the Los Angeles Clippers and once shared about his decision to retain his Microsoft shares while Gates and Paul Allen diversified. iOS 26 Beta 2 Hands-On: Apple Finally Does It AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Business
- Time of India
HPE CEO Antonio Neri comes 'under pressure' from investor with a history of forcing out chief executives
Image credit: LinkedIn Hewlett-Packard Enterprise (HPE) CEO Antonio Neri is reportedly "under pressure" from activist investor Elliott Management, which has a history of forcing out chief executives. Elliott Management 's $1.5 billion stake in HPE, first publicly reported in April, marks a significant investment in the company. Since then, both companies have remained silent regarding any negotiations between them. According to an earlier report by the news agency Reuters, 14 chief executives have been removed from their positions after Elliott acquired a stake in their companies and initiated discussions with their boards. HPE recently saw its stock value decline after failing to identify an error in its inventory pricing. Despite Elliott's investment being known to be a long position and not a short bet against the company, clues regarding demands from HPE are reportedly evident. What HPE said about its relationship with investor Elliott Management In a brief statement to Fortune, HPE said: 'We value the constructive input of all of our shareholders,' however, it didn't mention any specifics. The indication of trouble came in March when HPE released its Q1 earnings, causing its stock to drop nearly 16% in a single day. In a CNBC interview, CEO Antonio Neri acknowledged that the company had miscalculated inventory costs, which negatively impacted profitability and wiped more than $3 billion off HPE's market cap. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it better to shower in the morning or at night? Here's what a microbiologist says CNA Read More Undo 'Near the end of the quarter, we realised that the cost of our inventory was slightly higher than the cost that we had in the pricing. That's on us. That should never happen,' Neri noted. When news emerged that Elliott sought influence over HPE, JPMorgan analyst Samik Chatterjee suggested the firm likely aimed to address HPE's stock valuation gap and improve operational efficiency. He also highlighted HPE's lagging performance, noting it generated $494,000 in revenue per employee, significantly less than Dell's $885,000. HPE shares recently rose after the DOJ dropped its probe into the Juniper Networks acquisition, but the stock is still up only 48% since 2018, well behind the S&P 500's 135% gain. Despite being in the AI era, HPE's performance has lagged, raising concerns about its leadership, with CEO Antonio Neri in charge for seven-half years and the board serving for over a decade, the report notes. While some see a leadership shakeup as overdue, Elliott may instead seek a board seat and push for strategic changes through collaboration rather than a shareholder proxy fight. iOS 26 Beta 2 Hands-On: Apple Finally Does It AI Masterclass for Students. Upskill Young Ones Today!– Join Now
