Tag: Economy

Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Class A Report), run by billionaire Warren Buffet, suffered a loss during the first quarter as the economy weakened due to the ongoing global pandemic, supply chain bottlenecks and high inflation rates. The company reported on Saturday net earnings at $5.46 billion, which plummeted by 53%…

The crypto market has not been at its best since the year.  Volatility has never been so high. After months of falling coin prices starting with bitcoin, the king of crypto, a slight rebound followed.  But since then the prices of digital currencies have been zigzagging, unable to exceed certain symbolic thresholds. Bitcoin, for example,…

© Reuters. FILE PHOTO: People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS/Tingshu Wang By Kevin Yao and Julie Zhu BEIJING/HONG KONG (Reuters) -China signalled an easing of its crackdown on the once-freewheeling tech sector on Friday…

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System, on Capitol Hill in Washington, U.S., April 6, 2022. REUTERS/Tom Brenner/File Photo By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral…

© Reuters. FILE PHOTO: The flags of the United States and the United Kingdom stand after bi-lateral photo between U.S. Secretary of State Rex Tillerson and British Foreign Minister Boris Johnson was cancelled at the State Department in Washington, U.S. March 22, 201 By Huw Jones LONDON (Reuters) -Britain should move further and faster in…

Elon Musk has been everywhere for several weeks.  The billionaire is set to acquire Twitter  (TWTR) – Get Twitter, Inc. Report, its primary communications network for which he made a $44 billion bid on April 14.  This offer, at a price of $54.20 per Twitter share, was accepted by the board of directors of the social…

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo By Uditha and Jayasinghe COLOMBO (Reuters) -The World Bank has agreed to provide Sri Lanka with $600 million in financial…

© Reuters. FILE PHOTO: Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar/File Photo (Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International…

2/2 © Reuters. FILE PHOTO – Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar 2/2 By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka…

2/2 © Reuters. Indonesian Finance Minister Sri Mulyani Indrawati answers questions during an interview at the World Bank in Washington, U.S., April 22, 2022. REUTERS/Evelyn Hockstein 2/2 By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Indonesian Finance Minister Sri Mulyani Indrawati on Friday joined a growing chorus of officials calling for reforms aimed at…