Berkshire Hathaway enjoys rebound in profits November 6, 2021 Warren Buffett’s Berkshire Hathaway has extended its rebound from the early stages of the pandemic, with quarterly operating profits rising by 18 per cent to $6.47 billion compared to $5.48 billion in the year-earlier period. This is despite the company hoarding cash and cutting back on some stock holdings. During the third quarter, Berkshire Hathaway [...]
Opposition parties demand investigation into Johnson’s holiday November 6, 2021 Labour and the Liberal Democrats have pushed for an investigation into Prime Minister Boris Johnson’s free use of a a Spanish villa owned by the family of minister Lord Zac Goldsmith. The opposition parties have called on the prime minister to declare his luxury holiday in October in the MPs’ register of interests, which notably [...]
John Major does not hold back as he labels Boris Johnson ‘corrupt’ in unprecedented attack November 6, 2021 Former Prime Minister Sir John Major suggested the Johnson administration was “politically corrupt” over the way it treats Parliament. “I’m afraid that the Government, with their over-large majority, do tend to treat Parliament with contempt. And if that continues, it will end badly,” he told BBC Radio 4’s Today. “They bypass Parliament at will and [...]
Sir John Major slams government’s “shameful” handling of Paterson case November 6, 2021 Former Conservative Prime Minister John Major has criticised the government’s attempts to block the suspension of Owen Paterson for breaking lobbying rules. Speaking to BBC Radio 4, Major said: “I think the way the Government handled that was shameful, wrong and unworthy of this or indeed any government. It also had the effect of trashing [...]
Biden boost: US unemployment falls as 531,000 jobs added in October November 5, 2021 US employment increased more than expected last month as the headwind from the surge in Covid-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum in a boost for Joe biden. Nonfarm payrolls increased by 531,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data [...]
Ex-Carlyle CEO Youngkin wins Virginia governor race November 3, 2021 Glenn Youngkin, a Republican and the former co-chief executive of US private equity group Carlyle, won the Virginia governor’s race last night in a blow to the Democractic party and President Joe Biden, a year ahead of the midterm elections. The political newcomer beat Democrat Terry McAuliffe, a former governor, in an election that attracted [...]
Elon Musk says he’ll sell Tesla stock if the UN can show how he can solve world hunger November 1, 2021 Responding to comments from the United Nations World Food Program (WFP) director, David Beasley, who told CNN that global hunger could be solved a “one-time” payment from some of the world’s wealthiest people, Elon Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links November 1, 2021 Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]
Big Issue founder says Boris Johnson ‘owes’ him for not standing for London mayor October 29, 2021 Big Issue founder Lord Bird says Boris Johnson “owes him” for not standing for London mayor, and he is now calling in the debt from the current Prime Minister to tackle the homeless crisis. Speaking at Westminster, the campaigning independent peer told how Johnson had “jumped in the air” when he turned down a request [...]
Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
