Business
Bill Gates Cancels AI Impact Summit Appearance Amid Jeffrey Epstein Scrutiny

Microsoft co-founder Bill Gates has pulled out from the AI Impact Summit, which is set to be held in India.
The abrupt cancellation comes amid heavy scrutiny over his relationship with Jeffrey Epstein.
Bill Gates Cancels Keynote Address
Gates was scheduled to deliver a keynote address at the AI Impact Summit, and he was set to speak after Indian Prime Minister Narendra Modi.
According to The Guardian, The Gates Foundation released a statement announcing the cancellation.
“After careful consideration and to ensure the focus remains on the AI summit’s key priorities, Mr. Gates will not be delivering his keynote address,” the foundation said in its statement.
Scrutiny Over Epstein Ties
The Microsoft co-founder is facing heavy scrutiny over his relationship with the late Epstein. According to ABC News, documents released by the US Department of Justice included emails showing that Epstein had communication with the staff of The Gates Foundation.
Gates previously insisted that whatever relationship he had with Epstein was centered around philanthropy.
Gates likewise expressed regret over knowing Epstein.
The released Epstein files also allege that Gates hid a sexually transmitted disease from his then-wife, Melinda French Gates, after contact with so-called “Russian girls.”
He has denied this claim.
Business
Starmer 'appeasing' big tech firms, says online safety campaigner
Baroness Kidron tells the BBC the PM has being “late to the party” in regulating social media.
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Danone FY 2025 slides: broad-based growth despite currency headwinds

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FTSE 100 today: Index up, pound below $1.35; Anglo American, Aston Martin in focus

FTSE 100 today: Index up, pound below $1.35; Anglo American, Aston Martin in focus
Business
New iPhone Rumored to Feature Variable Aperture Camera
Apple’s iPhone 18 Pro and iPhone 18 Pro Max are shaping up as significant upgrades over the current generation, with leaks pointing to a variable aperture camera system, the powerful A20 Pro processor on a 2nm process, enhanced connectivity via in-house chips and refinements to the display and design. Analysts and supply chain reports suggest these flagship models will debut in September 2026, maintaining Apple’s traditional fall launch timeline while potentially introducing a split release strategy for the broader iPhone 18 lineup.

The iPhone 18 Pro series remains about seven months from announcement, but details from reliable sources like GF Securities analyst Jeff Pu, Ming-Chi Kuo and others have coalesced around several key improvements. These focus on photography versatility, performance efficiency, battery life and modem independence from Qualcomm.
Display and Design Refinements The iPhone 18 Pro is expected to retain a 6.3-inch display, with the Pro Max at approximately 6.9 inches, using advanced LTPO+ OLED technology for smoother refresh rates up to 120Hz and better power management. A smaller Dynamic Island is widely anticipated, achieved by relocating Face ID’s flood illuminator under the screen. This would create a cleaner front view without altering overall dimensions significantly.
External design changes appear minimal. The rear camera module is rumored to mirror the iPhone 17 Pro’s raised “plateau” with a triangular lens arrangement, avoiding drastic shifts. Some leaks suggest a more unified, polished look without two-tone finishes, potentially in new premium colors like coffee brown, purple or burgundy. The build remains aluminum with improved durability, though one report notes possible added weight or thickness for the Pro Max to accommodate larger internals.
Camera System Upgrades Photography stands out as a major focus. The main 48-megapixel Fusion camera on both Pro models is tipped to introduce a variable aperture mechanism—a first for iPhone. This physical adjustment would let users control light intake dynamically, enhancing low-light performance, depth of field control and creative flexibility similar to DSLR lenses. While smartphone sensor size limits extreme benefits, it promises greater versatility in varied lighting.
Additional rumors include a three-layer stacked image sensor (potentially from Samsung, shifting from Sony) for better noise reduction, dynamic range and responsiveness. Telephoto lenses may see aperture improvements for sharper zoomed shots. The ultra-wide and selfie cameras could also receive boosts, supporting advanced computational photography and Apple Intelligence features.
Processor and Performance Powering the devices will be the A20 Pro chip, fabricated on TSMC’s first-generation 2nm process. This node jump from the A19 Pro’s process is expected to deliver around 15% better performance and 30% improved efficiency through higher transistor density. Advanced packaging, possibly Wafer-Level Multi-Chip Module (WMCM), could integrate RAM closer to the CPU, GPU and Neural Engine for faster on-device AI tasks and extended battery life.
RAM is rumored at 12GB across Pro models, supporting more demanding Apple Intelligence capabilities and multitasking.
Connectivity and Battery Enhancements Apple continues its modem transition with the in-house C2 chip replacing Qualcomm components in the Pro lineup. The C2 promises faster 5G speeds, better efficiency, mmWave support in the U.S. and potential satellite features like expanded messaging or internet. Paired with the N2 wireless chip for Wi-Fi 7 and Bluetooth 6, connectivity should see substantial gains.
Battery capacity is tipped to increase, with the Pro Max potentially reaching 5,100-5,200mAh for up to 40 hours of use. Combined with efficiency improvements from the A20 Pro and optimized iOS, endurance could set new benchmarks.
Launch Timeline and Pricing Expectations Apple traditionally unveils flagships in early September, with pre-orders and availability following shortly after. Reports indicate the iPhone 18 Pro, Pro Max and a new foldable model (possibly iPhone Fold) will launch in fall 2026. The standard iPhone 18 and lower-tier variants may shift to spring 2027 due to manufacturing priorities favoring premium devices.
Pricing rumors suggest stability for base models, with no major hikes expected despite rising component costs. The iPhone 18 Pro could start around $1,099 (or equivalent in other markets), maintaining accessibility while offering meaningful upgrades.
As speculation builds, these features position the iPhone 18 Pro series as a compelling evolution rather than revolution, emphasizing refinement in key areas like imaging and efficiency. With Apple’s focus on on-device AI and ecosystem integration, the 2026 flagships aim to solidify leadership in premium smartphones.
Business
Making bread: Tip Top unveils new facility
Western Australians will have more access to Tip Top white sliced bread after the company behind it, Tip Top Bakeries, opened a $130 million state-of-the-art bakery line in Canning Vale.
Business
How AI is Driving Profitable Growth in Southeast Asia
Southeast Asia’s digital economy is experiencing remarkable growth, reaching $11 billion in profitability, a 2.5x increase since 2022.
This dynamism is largely driven by artificial intelligence (AI). The region benefits from a young, digitally-native population eager to adopt AI, strong government support for AI frameworks and R&D investment, and a vibrant ecosystem of innovative startups.
Strategic investments in Generative AI, talent development, AI infrastructure, and a supportive policy environment are crucial for Southeast Asia to become a global AI leader, driving economic transformation and societal progress.
Key Points
- The regional digital economy has achieved a 10x increase in revenue since 2016, with profitability rising from $4 billion in 2022 to $11 billion in 2024.
- Southeast Asia’s population shows a high level of AI readiness, with Singapore, the Philippines, and Malaysia ranking among the top countries globally for AI-related interest and searches.
- Significant capital is flowing into the region, with over $30 billion committed in the first half of 2024 alone to build AI-ready data centers across Malaysia, Thailand, and Singapore.
- Generative AI (GenAI) is delivering rapid commercial value; 70% of regional organizations report a positive return on investment within 12 months of implementation.
- Sector-specific benefits of AI are already visible, including personalized e-commerce recommendations, enhanced travel tools, and accelerated mobile game development.
Southeast Asian organizations are achieving a positive return on investment (ROI) on Generative AI (GenAI) workflows significantly faster than other regions—with 70% reporting positive ROI within 12 months.
The specific regional characteristics that allow for this accelerated success include:
- A Digitally Native and Receptive Population: The region is home to a young, digitally native population that is quick to embrace AI-powered solutions. There is a high volume of AI-related interest, with countries like Singapore, the Philippines, and Malaysia ranking among the top globally for AI-related searches. Crucially, the document notes a regional culture of “acceptance and exploration,” where there is greater interest in the benefits of AI than apprehension regarding its risks.
- Proactive Government Support and Flexible Regulation: Southeast Asian governments are actively fostering AI adoption through:
- National AI Frameworks: Developing clear strategic directions for AI.
- Regulatory Sandboxes: Implementing environments that allow for experimentation and innovation without the constraints of traditional regulation.
- Increased R&D Funding: Directing capital toward research and development.
- Massive Infrastructure Investment: The region is rapidly building the physical foundations necessary for AI. In the first half of 2024 alone, over US$30 billion was committed to building AI-ready data centers in Singapore, Thailand, and Malaysia. This influx of capital facilitates accelerated computing and AI services, which are essential for moving projects from idea to production quickly.
- A Vibrant Ecosystem of Innovators: There is a strong spirit of innovation across both startups and established sectors:
- Startups: Companies like Lytehouse AI, DiMuto, and CarbonSync are applying AI to diverse challenges in security, agriculture, and sustainability.
- Gaming Industry: The region accounts for 12% of all global mobile game downloads, demonstrating a level of technical prowess and creative energy that allows these organizations to use GenAI to lower development costs and expand libraries rapidly.
Generative AI: Transforming Industries and Unlocking New Value
Generative AI (GenAI), capable of producing innovative content and automating intricate tasks, is already showcasing its transformative potential to revolutionize industries and deliver measurable value across the region.
In e-commerce, GenAI powers personalized product recommendations, driving increased customer engagement, higher gross merchandise value (GMV) and larger basket sizes. The travel sector is also benefiting from AI-powered tools that enhance customer satisfaction and drive revenue growth. Similarly, the gaming industry is using GenAI to accelerate game development and build larger game libraries at lower costs, ultimately contributing to increased GMV.
Beyond these specific sectors, artificial intelligence is enhancing broader business functions across all industries. What’s truly remarkable is the speed at which companies in Southeast Asia are realizing value from GenAI.
The report revealed that most organizations can move from an initial idea to production within six months. Impressively, 7 out of 10 organizations in Southeast Asia report a positive return on investment (ROI) attributable to GenAI workflows within 12 months of implementation
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Form 144 MCKESSON CORP For: 20 February

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Business
Aussie shares edge lower after record-breaking week
Australia’s share market has clutched its highest Friday close, as earnings season continues to deliver encouraging results for its large caps.
Business
G Shahid Ur Rehman Drives a New Era of Sustainable and Luxury Intercity Travel in South India
(South India) — The intercity transportation sector in South India is witnessing significant evolution over the past three decades, driven in large measure by the leadership of G Shahid Ur Rehman, the man behind Geepee Travels. Assuming responsibility at a notably young age, he transformed a traditional bus operation into a technologically advanced, customer-centric mobility brand serving thousands of passengers across the region.
Today, the company stands as a benchmark for ultra-luxury, sustainable, safe, and affordable intercity bus travel. It is an achievement shaped by foresight, resilience, and disciplined execution.
Early Leadership and Strategic Transformation
From the beginning of his journey, G Shahid Ur Rehman demonstrated a rare blend of entrepreneurial instinct and operational expertise. Taking charge early in life, he carried out both the responsibilities and complexities of leadership. Under his direction, the organization evolved from a conventional intercity transport operator into a modern mobility enterprise defined by service excellence and operational innovation.
Elevating Passenger Experience with Ultra-Luxury Standards
At a time when affordability and comfort were seen as mutually exclusive, he introduced ultra-luxury coach services. Their primary goal was to redefine passenger expectations. Plush seating, enhanced legroom, refined interiors, superior ride quality, and modern onboard amenities became defining characteristics of the fleet.
These enhancements established new benchmarks within the South Indian intercity bus sector, reinforcing the company’s commitment to accessible premium travel.
Commitment to Safety and Sustainability
Luxury and innovation were complemented by a strong focus on safety and environmental responsibility. Recognizing the growing need for sustainable mobility solutions, Rehman spearheaded initiatives to incorporate fuel-efficient and lower-emission vehicles, integrate advanced safety systems, and enforce rigorous maintenance standards.
By aligning premium services with responsible operations, he demonstrated that sustainability, safety, and affordability can coexist within a single business model.
Leading from the Front
A defining feature of his leadership philosophy is active involvement. Rather than managing from a distance, he remains closely engaged in fleet oversight, service quality, customer experience strategies, and technology implementation. This hands-on approach has fostered a culture of accountability, discipline, and continuous improvement across the organization.
Early Adoption of Digital Transformation
Long before digital transformation became a core industry imperative, G Shahid Ur Rehman recognized its disruptive potential. Through collaborations with aggregators and technology partners, Geepee Travels implemented digital booking platforms, real-time vehicle tracking, automated scheduling systems, and data-driven operational insights.
Online reservations, mobile ticketing, transparent fare structures, and streamlined communication channels significantly enhanced passenger convenience while improving operational efficiency. These forward-looking initiatives ensured that the company remained ahead of evolving market demands.
Navigating Industry Challenges with Resilience
For over thirty years of leadership, he has successfully navigated economic cycles, regulatory reforms, industry disruptions, and shifting consumer expectations. His ability to anticipate change and respond with agility is what is instrumental in sustaining growth and maintaining customer trust during challenging periods.
Affordability has remained central to the company’s philosophy. While many operators positioned themselves exclusively within either budget or premium segments, he adopted a balanced strategy of delivering high-end amenities at competitive pricing. This democratization of luxury expanded access to quality intercity transportation across diverse passenger segments.
Industry Influence and Future Outlook
Industry observers acknowledge that his contributions extend beyond Geepee Travels. By elevating service standards and prioritizing technological integration, he has influenced broader operational benchmarks within the South Indian intercity bus ecosystem.
Looking ahead, he envisions a future shaped by expanded sustainable fleet solutions, deeper technological integration, enhanced passenger analytics, and strategic partnerships designed to strengthen connectivity and operational efficiency. His continued emphasis on green mobility and customer-centric innovation positions the organization for its next phase of growth.
Leadership Beyond Business
Beyond his professional accomplishments, G Shahid Ur Rehman is known as a dedicated wildlife enthusiast and avid cricket follower. Drawing inspiration from nature’s balance and the discipline of sport, he integrates patience, strategic thinking, and long-term vision into his leadership approach.
About Geepee Travels
Geepee Travels is a leading intercity bus operator in South India, recognized for its ultra-luxury fleet, technology-driven operations, and commitment to safe, sustainable, and affordable passenger transportation. Under the leadership of G Shahid Ur Rehman, the company continues to set new benchmarks in regional mobility and customer experience.
Disclaimer –
This article is a work of original content created for public relations and informational purposes only. It may be published across multiple digital platforms with the full knowledge and consent of the author/publisher. All images, logos, and referenced names are the property of their respective owners and used here solely for illustrative or informational purposes. Unauthorized reproduction, distribution, or modification of this article without prior written permission from the original publisher is strictly prohibited. Any resemblance to other content is purely coincidental or used under fair use policy with proper attribution.
Business
Broadcom Stock: AI Capex Panic Is Your Opportunity (NASDAQ:AVGO)
I am a fundamental investor and writer who specializes in forensic analysis of company financials. My research blends deep financial-statement work with industry context to identify both overlooked winners and trends in development. I want the story behind the numbers, not just talking points. My primary sector focus is technology and large caps, and I also cover select consumer and industrial names where market trends create opportunity. My investing approach is long-term and evidence-driven: I prioritize cash-flow sustainability, conservative balance-sheet analysis, and buying with a margin of safety. I bring professional experience in financial advice and formal education in accounting to my research. I write on Seeking Alpha to translate my research into readable, actionable insight so readers can make better, risk-aware decisions. Follow for high-conviction idea write-ups.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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