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Chinese media hits back at Trump’s fentanyl claim

Bloomberg The latest tariff move by the US has “seriously breached” the truce that Presidents Donald Trump and Xi Jinping agreed in Japan in late June and isn’t doing any good to trade talks, according to a People’s Daily commentary. “It deviates from the correct track and is not conducive to solving the problem,” the paper, mouthpiece of the Communist ...

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India plans to cut coal imports by a third over next five years

Bloomberg India’s coal ministry is preparing a plan to cut imports of the fuel by at least a third over the next five years, counting on an increase in domestic production and a jump in renewable output, according to people familiar with the plan. Imports are seen falling to below 150 million tons by the year ending March 2024, down ...

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Berkshire cash pile hits record $122 billion as profits increase

Bloomberg Warren Buffett’s distaste for overpaying is winning out over his frustration with sitting on a lot of cash. With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. Buffett spent last year building a massive stake in Apple Inc. and ...

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