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Berkshire’s airline bet to stem from faith in Parker’s call

  Bloomberg Warren Buffett once quipped that a ‘farsighted capitalist’ should have shot down Orville Wright at Kitty Hawk to spare investors all the losses they would suffer on airlines in the decades after the birth of flight. That’s why it was a surprise when, in November, the billionaire’s Berkshire Hathaway Inc. disclosed investments in the four largest US carriers: ...

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Refugees in Indonesia protest slow ‘UN resettlement’

  JAKARTA / AP Asylum seekers who have been in Indonesia for years rallied in the capital on Monday urging the UN refugee agency to speed up the process of resettling them in third countries. Dozens of people from war-torn nations including Afghanistan, Iraq, Sudan and Somalia called on the UNHCR to accelerate their resettlement, expressing concerns that they could ...

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Germany’s Merkel, Bavarian allies seek pre-election unity

  BERLIN / AP Chancellor Angela Merkel is meeting her Bavarian conservative allies in a show of unity following a long-running argument over migrant policy, setting the scene for a joint campaign for German elections in September. Bavaria’s Christian Social Union has dominated its southeastern state for decades and is traditionally an important source of national election votes for the ...

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