Bloomberg Business

An Oil Tanker Ablaze in the South China Sea Is a Global Problem

Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil tanker Pablo ripped off its deck like a sardine can and began a fire that sent dark plumes of smoke into the sky.

Senate Republicans Say No to Any Clean Debt-Limit Increase

A group of 43 Senate Republicans including Minority Leader Mitch McConnell said they’d oppose allowing a vote on legislation increasing the US debt limit with no strings attached, saying “substantive spending and budget reforms” must be part of the package.

Ukraine Latest: Russia Says Ballistic Missiles Downed in Crimea

Ukraine’s air force commander said the military’s air defense intercepted a hypersonic Kh-47 “Kinzhal” missile, one of Russia’s most modern weapons, fired during a night attack on May 4, with the aid of a US Patriot defense system.

Berkshire Won’t Offer to Control Occidental, Buffett Says

Berkshire Hathaway Inc. won’t make an offer for full control of Occidental Petroleum Corp., Warren Buffett said Saturday, tempering speculation he was seeking to own the energy producer after spending months snapping up its shares.

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