(Reuters) -Warren Buffett ended years of speculation about his successor as chief executive of Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s non-insurance businesses, would take over if he were no longer in charge.FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska […]

Slideshow ( 2 images )PHNOM PENH (Reuters) – Cambodia registered a record 841 new coronavirus cases on Monday but Prime Minister Hun Sen ordered the end to a blanket lockdown in the capital Phnom Penh and said there would be only be lockdowns in areas where infections have surged. The Southeast Asian nation has recorded one of the world’s smallest […]

The futures traded higher on Monday, the first trading day of a new month. While earnings are still coming in, 60% of the S&P 500 earnings have been posted, with an incredible 85% of the companies beating analyst estimates. The biggest data point this week will be Friday’s release of the April payroll numbers, and estimates across Wall Street range […]

Slideshow ( 2 images )LONDON (Reuters) – Foreign ministers of the G7 rich countries gather in London on Monday for their first in-person meeting since the COVID-19 pandemic began, with British host Dominic Raab opening with talks with U.S. Secretary of State Antony Blinken. The week is billed by Britain, which holds the group’s rotating presidency, as a chance to […]

FILE PHOTO: A woman uses a computer keyboard in this photo illustration taken in Sydney June 23, 2011. REUTERS/Tim Wimborne/File PhotoZURICH (Reuters) – Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed. Online […]

FILE PHOTO: General view of the “Landungsbruecken”, a landing pier for ferries and tourist boats at the harbor, during a lockdown, amid the coronavirus disease (COVID-19) pandemic in Hamburg, Germany April 24, 2021. Picture taken April 24, 2021. REUTERS/Fabian BimmerFRANKFURT (Reuters) – Stable new COVID-19 infection numbers in Germany are fuelling hopes that intensive care units won’t be overburdened, the […]

LAS VEGAS — To Mike Anger in Midland, Michigan, a $100 round-trip airline flight and $260 for five nights at a Las Vegas hotel made it too easy to say yes. “How could I turn that down?” the 39-year-old electrician asked, holding a tall vodka drink, basking in 90-degree temperatures, and soaking in the sights of street entertainers and tourists […]

(Reuters) – Berkshire Hathaway Inc on Saturday defended its $8 billion proposal to build natural gas plants in Texas to help reduce the threat of devastating blackouts such as those in February.Slideshow ( 2 images )“When you look at the power sector (in Texas), it fundamentally let the citizens down,” Greg Abel, a Berkshire vice chairman and previously chief executive […]