Warren Buffett says “nothing can stop America.” To put his money where his mouth is and spend some of his $137 billion stash before this crisis is over, he wouldn’t have to look far. If there’s one company that warrants the dealmaker’s attention, it may be Costco Wholesale Corp, a retailer in which Buffett’s Berkshire Hathaway Inc already owns a ...

The many demonstrations on the streets of the US fill with both hope and dread. More Covid-19 cases would kill more people, and African-Americans die disproportionately from the disease. They also suffer a disproportionate financial burden from the economic slowdown caused by the virus. This pandemic really must be brought to an end sooner rather than later. So if you ...

Bloomberg The coronavirus pandemic has left Malaysia’s palm oil industry without enough workers, a shortage that could cost farmers as much as 25% of their annual production — a loss worth about $2.8 billion. Malaysia’s economy relies on palm oil, its most important agricultural commodity, but palm oil needs migrant workers from Indonesia, Bangladesh and India to do jobs locals ...

Bloomberg China, the world’s largest copper consumer, imported less metal and concentrate last month as pandemic-driven lockdowns in overseas mining regions disrupted supplies. Copper concentrate imports were 1.69 million tons in May, down from 2.03 million tons in April and 1.84 million tons a year ago, according to customs data. Unwrought copper and products purchases were 436,031 tons, falling from ...

Bloomberg A group led by Silver Lake Partners agreed to invest another 45.5 billion rupees ($602 million) in Indian conglomerate Reliance Industries Ltd’s digital arm, in the latest vote of confidence in billionaire Mukesh Ambani’s online push. The US private equity firm and its co-investors will hold a 2.1% stake in Reliance’s Jio Platforms unit, according to a Mumbai exchange ...

Bloomberg China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices. Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%. That resulted in a trade surplus of $62.93 billion. The record surplus comes ...

Bloomberg Soybean imports by China rose 27% in May from a year earlier, after crushers increased purchases from Brazil to take advantage of cheap supplies amid strong crush margins. The country shipped in 9.4 million tons in May, compared with 7.4 million tons in the same month last year, and 6.7 million tons in April, according to customs data. Chinese ...

Bloomberg Sun Pharmaceutical Industries Ltd has launched clinical trials of a plant-derived drug it’s developing to treat Covid-19, joining the race to find an effective treatment for the disease that’s killed almost 400,000 people worldwide. India’s largest drugmaker will commence Phase II trials on 210 patients across 12 centers in India and the results are expected by October, according to ...

Bloomberg President Donald Trump’s directive to pull 9,500 troops from Germany hits home hard for friends of America like Edgar Knobloch, whose Bavarian town has been home to US service members for seven decades. Like Chancellor Angela Merkel, the mayor of Grafenwoehr was caught off guard. It’s the latest sign of the US’s deterioration of ties with a loyal ally, ...

Bloomberg India and China agreed to resolve a current border standoff peacefully in line with various bilateral agreements and will keep each other engaged as talks remains deadlocked. “The two sides will continue military and diplomatic engagements to resolve the situation and to ensure peace and tranquility in the border areas,” India’s ministry of external affairs said. A meeting was ...