The US$6 billion in government guarantees UBS is seeking would cover the cost of winding down parts of Credit Suisse and potential litigation charges, sources said. Source link
Read More »Buffett’s Berkshire cashes in US$26 million of bet on Chinese EV maker BYD
Warren Buffett’s Berkshire Hathaway trimmed its stake in BYD for the seventh time as the stock slipped more than 39 per cent from its peak in June 2022 and this year’s rally bypassed the EV maker. Source link
Read More »China’s big carmakers lag behind in decarbonisation drive: Greenpeace
Most of China’s top carmakers neither have plans in place to phase out conventional vehicles nor a detailed timetable for their net-zero targets, Greenpeace says. Source link
Read More »US$19 million to eat ‘private steak’ with billionaire Warren Buffett
A wealthy person has bid a whopping US$19 million to eat at a New York steakhouse with Warren Buffett, 91, in his last such auction for San Francisco charity Glide. Source link
Read More »China censors more economists after critical takes on zero-Covid
Online influencers with millions of followers are running afoul of Beijing’s censors by questioning the nation’s controversial strategy to stop the coronavirus. Source link
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