Buffett getting ready to scoop up tumbling market
Berkshire Hathaway Inc.’s cash holdings hit a record $157.2 billion, helped by both higher interest rates and a lack of meaningful deals in which billionaire investor Warren Buffett could put…
Germany seeks to invest in Nigeria’s natural gas
German Chancellor Olaf Scholz says his country is willing to invest in gas and critical minerals in Nigeria, as he started a two-day visit there. Scholz said on Sunday that…
Vanguard finalizes China exit
Vanguard Group Inc. is taking the final steps to pull out of China and shut its presence in the 29 trillion yuan ($4 trillion) mutual fund market. Apparently, Vanguard is…
Maersk to cut at least 10,000 jobs as earnings fall by 80%
A.P. Moller-Maersk A/S, a bellwether for global trade, fell in value after the company said it would cut at least 10,000 jobs to protect its profitability in a shipping market…
Japan’s gas security at risk due to latest US sanctions
US sanctions on a major new Russian liquefied natural gas export plant threaten to jeopardize Japan’s energy security and possibly its relations with Western allies, Bloomberg notes. The US on…
Bankman-Fried convicted, could face 100+ years of prison time
Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of the FTX exchange he owned. For each of the most serious charges, he faces up to…