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(Reuters) -Warren Buffett took the stage at Berkshire Hathaway’s annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the executives who are designated to eventually succeed him and discussing Berkshire’s opportunities. Greg Abel, 61, designated Buffett’s successor as chief executive in 2021, sat on stage with …

Buffett talks succession and Berkshire’s future at annual meeting Read More »

NEW YORK (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision. “It was 100% my decision, and we’ve sold it all, and we lost quite a bit of money,” Buffett said at Berkshire’s …

Warren Buffett says Berkshire sold entire Paramount stake at a loss Read More »

By Ana Cantero MADRID (Reuters) – Spanish cava producer Freixenet said on Saturday it has reached a deal with unions over its proposal to introduce a “short-time work scheme” for nearly 80% of its workforce due to a drought. The Catalonia-based company said 615 employees will have their working hours reduced between 20% and 50% …

Cava producer Freixenet reaches deal with unions over drought measures Read More »

PARIS (Reuters) – French prosecutors opened an preliminary investigation against TotalEnergies after victims of a jihadist attack in Mozambique in 2021 accused the energy firm of negligence and indirect manslaughter, a lawyer for the plaintiffs said. Islamist insurgents attacked the port city of Palma in March 2021, killing many civilians in areas close to Mozambican …

France investigates TotalEnergies over 2021 Mozambique attack Read More »

PARIS (Reuters) – Creditors have reached an agreement that could rescue tech firm Atos, which secures communications for the French army and is set to manage cybersecurity for this summer’s Paris Olympic Games, La Tribune newspaper reported on Saturday. Atos had given itself until Friday evening to receive refinancing offers. Its financial difficulties had led …

Atos creditors reach deal to rescue debt-laden group, La Tribune says Read More »

OSLO (Reuters) -Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank’s board, the fund manager said on Saturday. Norges Bank Investment Management (NBIM) will also support Barclays’ proposed bonus policy change for so-called material risk takers …

Norway wealth fund to back Barclays CEO, chair at AGM Read More »

By Corina Pons and Ana Cantero MADRID (Reuters) – Spain’s Ferrovial expects to list on Nasdaq around May 9 after concluding a regulatory review for its registration, the construction firm said late on Friday. The builder of toll roads, airports and energy projects said the company had filed an acceleration request before the U.S. SEC …

Spain’s Ferrovial expects Nasdaq listing in early May Read More »

(Reuters) -Ukraine’s central bank introduced its largest wartime currency liberalization measures on Friday aimed at easing restrictions for businesses, more than two years after Russia’s invasion prompted the imposition of tough restrictions. Most of the new provisions take effect on May 4. A package of liberalisation measures had been expected for some time to support …

Ukraine central bank introduces largest wartime currency liberalisation measures Read More »

LONDON (Reuters) – British retail tycoon Mike Ashley’s Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – …

Morgan Stanley, Frasers settle UK lawsuit over $1 billion margin call Read More »