Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive FCF this year.
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IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the biggest job announcement in the country's multinational sector this year. The U.S. IT software and consultancy services provider, which is one of the largest multinational employers in Ireland with 3k staff, will add roles in research and development, digital sales and consulting.
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Warren Buffett’s Berkshire Hathaway unveiled a big investment in Chubb, resolving a mystery that has intrigued followers of the Omaha, Neb., company. Berkshire’s stake in the insurer was worth $6.7 bn at the end of March, per a regulatory filing made public after the market closed Wednesday. Berkshire amended earlier filings to show it had been building the position in the second half of 2023.
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