Warren Buffett steps down as Berkshire Hathaway CEO after 60 years
Warren Buffett formally stepped down as chief executive officer of Berkshire Hathaway on the final day of 2025, ending a 60-year tenure that reshaped American corporate history. The transition, long anticipated by investors and company insiders, marks the close of one of the most influential leadership runs in global business. At the age of 95, Buffett will remain chairman of the holding company he transformed from a struggling textile firm into a diversified conglomerate valued at more than
Several feared dead after explosion at bar in Swiss ski resort Crans-Montana
Several people are feared dead and multiple others were injured after a powerful explosion struck a popular bar in the luxury Alpine ski resort of Crans-Montana in southwestern Switzerland early Thursday, according to local police. Authorities said the blast occurred during New Year celebrations, when the venue was crowded with revellers welcoming the start of the year. Police in Wallis canton confirmed that the explosion took place at approximately 1:30 a.m. local time at Le Conste
Ohio faces surge in uninsured residents as ACA subsidies expire in 2026
Congress adjourned for the year without renewing enhanced Affordable Care Act subsidies, a decision expected to significantly affect health coverage across Ohio beginning in 2026. State health policy analysts warn that as many as 140,000 Ohio residents could lose insurance coverage as premiums rise sharply following the expiration of the enhanced premium tax credits at the end of 2025. The Affordable Care Act has provided premium tax credits since 2014 to help eligible individuals a
New Year’s Eve and Day transit schedules announced across the tri-state area
Mass transit agencies across the tri-state area have announced special service schedules for New Year’s Eve and New Year’s Day, with adjustments aimed at accommodating holiday celebrations while maintaining essential transportation access. Riders are advised to plan ahead and review schedules carefully, as service levels will vary by mode and day. In New York City, subway service will largely operate on a regular schedule on New Year’s Eve, with additional overnight service on
New Year’s Day 2026 openings: retailers, grocery stores, banks and more
As the calendar turns to a new year, New Year’s Day remains a federal holiday across the United States, bringing widespread closures for government offices, schools, banks and financial markets. At the same time, many major retailers and grocery chains plan to welcome customers on January 1, 2026, often with adjusted hours and post-holiday discounts aimed at clearing older inventory. Shoppers and consumers are encouraged to confirm local schedules in advance, as operating hours can vary by
Illinois ushers in more than 200 new laws for 2026 affecting healthcare, schools and workers
Illinois is set to enter 2026 with sweeping changes to state policy as more than 200 new laws take effect at the start of the year, touching nearly every aspect of daily life. The legislation approved by lawmakers spans healthcare access, workplace protections, public safety, education standards, insurance coverage and the growing role of artificial intelligence, marking one of the most expansive legislative updates in recent years. Several of the most consequential measures focus o
Xi renews vow to reunify Taiwan after China’s largest military drills of the year
Chinese President Xi Jinping used his annual New Year’s Eve address to reaffirm Beijing’s long-standing position on Taiwan, declaring that reunification with the self-governing island was inevitable. Speaking in Beijing on Wednesday, Xi said that bringing Taiwan under China’s control was “a trend of the times” that could not be stopped, reiterating a pledge that has become a central pillar of his leadership. The speech came just one day after the conclusion of large-scale
How science breakthroughs in 2025 reshaped medicine, space research, and climate reality
A century ago, the notion of restoring lost senses or detecting ancient life beyond Earth belonged firmly to science fiction. In 2025, such ideas moved decisively into reality as a series of scientific breakthroughs reshaped long-standing assumptions across medicine, space science, climate research, and artificial intelligence. These advances did not arrive as distant promises or speculative theories, but as working solutions that delivered measurable results and altered how science interacts
Astronauts aboard space station to welcome new year 16 times in orbit
As people across the globe prepare to welcome the New Year with countdowns, fireworks, and celebrations across different time zones, a small group of astronauts orbiting far above Earth will experience the arrival of the new year in a way unlike anyone on the planet. Aboard the International Space Station, astronauts currently in orbit will celebrate the New Year an astonishing 16 times, highlighting the extraordinary reality of life in space and the unique way time is experienced beyond Earth.
Vaishno Devi yatra registration suspended amid New Year rush and safety measures
The Shri Mata Vaishno Devi Shrine Board on Wednesday temporarily suspended registration for the Vaishno Devi pilgrimage following an unprecedented surge of devotees during the New Year period. Officials said the decision was taken as a precautionary measure after crowd density reached critical levels at the Katra
H-1B Visa Fee Case Faces Setback After Court Upholds US Government Decision
A significant legal challenge to the steep increase in H-1B visa fees has suffered a major setback after a US District Court ruled that the federal government acted within its legal authority. The ruling has delivered a blow to business and employer groups that argued the move would restrict access to skilled foreign talent, even as the H-1B visa programme continues to face mounting pressure from stricter regulations and prolonged processing delays across the globe. The decision was i
Eurostar suspends all services after Channel Tunnel power failure during peak holiday travel
Eurostar suspended all of its train services on Tuesday after a power supply failure in the Channel Tunnel forced operations to a halt during one of the busiest travel periods of the year. The disruption came as thousands of passengers were travelling between Christmas and New Year, with services to and from London particularly affected. The sudden suspension triggered widespread delays and uncertainty for travellers relying on high-speed rail connections between the United Kingdom and mainla
Sergey Brin reflects on Google Glass failure and lessons for student innovators
Success stories in technology are often presented as clean narratives of vision, speed and inevitable triumph. An idea is born, a product is launched, and adoption follows. For students and young entrepreneurs trying to understand how innovation truly unfolds, these stories can feel motivating yet incomplete. The more useful insights frequently emerge not from success, but from missteps that expose the limits of confidence, timing and execution. That perspective was at the center of
Jaishankar to attend Khaleda Zia funeral amid shifting India-Bangladesh ties
India’s External Affairs Minister Dr S Jaishankar is scheduled to attend the state funeral of former Bangladesh Prime Minister Begum Khaleda Zia in Dhaka on December 31, marking a significant diplomatic gesture at a time of strained relations between the two neighbouring countries. The decision comes amid heightened political uncertainty in Bangladesh and a broader reassessment of regional alignments in South Asia following last year’s dramatic change of government in Dhaka. Kha
Iran president says nation faces full-scale war with U.S., Israel and Europe
Iranian President Masoud Pezeshkian has said the country is effectively engaged in a full-scale conflict with the United States, Israel and Europe, describing Iran’s current diplomatic and strategic environment as increasingly complex and difficult. His remarks reflect heightened regional tensions following months of military confrontation, economic pressure and stalled diplomacy. In an
High winds and snow blanket Chicago area after severe storms and tornado warnings
Residents across the Chicago metropolitan area awoke Monday morning to snow-covered roads, sharply colder temperatures and powerful winds following the rapid passage of a cold front through northeast Illinois overnight. Wind gusts climbed as high as 60 miles per hour in some locations, creating hazardous travel conditions and significantly reducing visibility during the morning commute. Weather officials issued a wind advisory for the entire Chicago area, while a winter weather advi
Widespread FDA recall hits Minnesota and Indiana stores over sanitation issues
Federal regulators have announced a sweeping recall affecting hundreds of commonly purchased consumer products sold in small grocery stores and markets across parts of the Midwest, citing serious sanitation concerns that may pose a risk to public health. The action follows an inspection of a Minneapolis-based distribution facility that supplies food, medication, and household goods to retailers in Minnesota, Indiana, and neighboring states. According to the Food and Drug Administrat
