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Buffett’s China car bet rakes in $1.3bn in a decade

Bloomberg How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago. On September 26, 2008, Berkshire Hathaway Inc. agreed to buy what is now equivalent to 24.59 percent of BYD Co.’s Hong Kong-traded stock. Those shares in what is now China’s biggest maker of alternative-energy vehicles have soared ...

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Trump plans trade talks with Japan including cars

Bloomberg President Donald Trump on Wednesday plans to announce a framework for bilateral trade talks with Japanese Prime Minister Shinzo Abe, three people familiar with the matter said. The negotiations are likely to focus on the trade in automobiles, according to one the people, who spoke on condition of anonymity about private deliberations. Both leaders are in New York this ...

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Google, Facebook & Twitter agree to fight fake news in EU

Bloomberg Alphabet’s Google, Facebook Inc., Twitter Inc. and other tech and advertising companies have committed to implementing new measures and investing in new technologies to fight the spread of hoax news online in Europe, according to a draft of the agreement. The group, an ad-hoc alliance that includes Mozilla Corp. and advertising business organisations, is set to present its code ...

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