Economy

Mr Buffett, 86, said that Berkshire was getting ready for tax cuts promised by President Trump and that he was ready to stump up $15 billion for Kraft Heinz's botched $143 billion Unilever bid. "We want you to understand what you own", he said, and "there are just a million things that are of minor importance" at Berkshire, whose market value is about $411 billion.
  • Pirates bolt after Navy warship zeroes in on

    Pirates bolt after Navy warship zeroes in on

    Economy

    The Indian ship, which was at that time 30 nautical miles east of the reported position, immediately responded to the distress call, they said. The Gulf of Aden is one of the busiest sea routes of the world. "Apart from the assault rifle, a loaded magazine was seized from one of the dhows", a Navy spokesperson said. While the weapon and ammunition were confiscated to prevent future illegal misuse, the men were allowed to go after the search.
  • Indian Navy foils piracy attempt in Gulf of Aden

    Indian Navy foils piracy attempt in Gulf of Aden

    Economy

    Indian Navy's MARCOS, with support of an armed helicopter from the ship investigated the dhows and their skiffs by conducting board and search operations. Indian Navy's two frontline warships, INS Mumbai and INS Tarkash were part of the operation while the Chinese Navy had deployed missile frigate Yulin.
  • Gulf states 'offer Israel normalised ties for peace concessions'

    Economy

    Indian media reported in March that "contrary to expectations that Modi would include Palestine in his itinerary too, like many ministers did in the past, he will be traveling only to Israel". India has assured Palestine help to build its economy and support the development and capacity-building efforts. Abbas, who is one four-day visit here till May 17, is visiting India for fifth time.
  • Motorist who mowed down Times Square pedestrians due in court

    Motorist who mowed down Times Square pedestrians due in court

    Economy

    The vehicle appeared to catch fire, as smoke was seen coming up from it. Police said 23 people were struck, including an 18-year-old tourist from MI who died. He was arrested on charges of driving while intoxicated in 2008 and 2015, police Commissioner James O'Neill said. Rojas enlisted in 2011 and served aboard the U.S.S.
  • Saudi, US sign deals 'in excess of $380 billion': Saudi FM

    Economy

    US Secretary of State Rex Tillerson hinted on Saturday that he was open to direct talks with Iran in the future. Speaking at a joint news conference with his Saudi counterpart in Riyadh, Tillerson also said that Washington intends to intensify its efforts to deter Tehran in Syrian and Yemen, countries in which Washington and Tehran side with opposing sides.
  • Oil heads for 2nd week of gains as output cut extension expected

    Oil heads for 2nd week of gains as output cut extension expected

    Economy

    Non-OPEC producers, including Russian Federation, also agreed to cut their output by another, roughly 600,000 barrels a day. Since the start of March, the Brent price has swung from more than $56 a barrel to less than $47 as opinion swayed over whether cuts by the Organization of the Petroleum Exporting Countries and other producers will offset rising USA output.
  • THE HIGHLIGHTS: Warren Buffett talks about investing, technology, risks, and mistakes

    THE HIGHLIGHTS: Warren Buffett talks about investing, technology, risks, and mistakes

    Economy

    Buffett says Wells Fargo didn't act promptly when it discovered the problem. Yet Buffett and Munger stood by Wells Fargo and other Berkshire investments, including United Airlines and Coca-Cola. Buffett plans to play bridge with shareholders at Borsheims. He also highlighted the leaders at the various insurance units. Even the world's most famous investor, also known as the Oracle of Omaha, has regrets.
  • Trump Faces Diplomatic Hurdles During Visit to Holy Land

    Trump Faces Diplomatic Hurdles During Visit to Holy Land

    Economy

    Concerns have also been raised over Trump's sharing of intelligence with Russian Federation said to have originally come from Israel. Perhaps the most sensitive is what Trump ends up saying - or not saying - about a promise he made during the election campaign to move the USA embassy from Tel Aviv to Jerusalem.
  • Weather officials: More than a dozen tornadoes Friday across Kansas

    Weather officials: More than a dozen tornadoes Friday across Kansas

    Economy

    Governor Scott Walker has declared a state of emergency in three northwest Wisconsin counties damaged by a strong tornado on Tuesday, which killed on person and left dozens more homeless. The Tulsa and Oklahoma City metropolitan areas are in the "enhanced", or middle category, for severe weather, according to the prediction center.
  • Saudis Welcome Trump With Gold Medal, Receive Arms Package

    Saudis Welcome Trump With Gold Medal, Receive Arms Package

    Economy

    RIYADH , Saudi Arabia (AP) - Even as his administration fights for its travel ban from several Muslim-majority countries, President Donald Trump is using the nation that is home to Islam's holiest site as a backdrop to call for Muslim unity in the fight against terrorism.