Berkshire Hathaway earnings 2024 Q2

The UK government has approved Czech billionaire Daniel Křetínský's £5.3bn takeover of Royal Mail, with a "golden share" retained by the government for governance. Křetínský's EP Group will uphold commitments including maintaining UK operations and meeting delivery obligations. This decision comes after Royal Mail was fined £10.5mn for failing to meet performance targets, highlighting the challenges faced by Křetínský in modernizing the postal service. Full Article

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Roula Khalaf, Editor of the FT, highlights the potential benefits of implementing a digital identity system in Britain, citing examples from countries like Estonia, Australia, Singapore, and Italy. The system could streamline public services, reduce fraud, and improve tax collection, although there are concerns about data privacy and technology challenges. Despite opposition and past failures, proponents argue that a well-designed digital ID could enhance efficiency, security, and economic gains for the UK. Full Article

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Blue Whale Growth, managed by Stephen Yiu, has reduced exposure to major US tech companies like Microsoft due to concerns over their hefty investments in AI infrastructure. Yiu has aggressively sold shares in Microsoft, pushing it out of the top 10 holdings for the first time since 2017. Blue Whale has seen success, returning 24% this year, with a significant stake in Nvidia and concerns over the financial performances of other Magnificent Seven tech giants...

Multiple sightings of drones along the US east coast, particularly in New Jersey, Maryland, and Virginia, have raised concerns and frustration towards the federal government's response, with authorities denying evidence of malicious activity. Despite over 5,000 tips received by the FBI, only a few leads have been identified, leading to dissatisfaction from state officials. Federal regulations on civilian drone use are limited, with violations being common, making it challenging for local authorities to intervene, as...