Buffett’s bet on Japan
Billionaire Warren Buffett’s Berkshire Hathaway has released details of its further investments. In the last 12 months, it has purchased roughly 5% stakes in the five largest Japanese trading companies, Itochu, Marubeni, Mitsubishi, Mitsui & Co. and Sumitomo. The total value of the investment exceeded six billion dollars after the shares of Buffett-co-owned companies rose by five percent on Monday morning.
Veolia is interested in buying a stake in a competitor Suez
The French water and energy company Veolia is offering 2.9 billion euros (75.7 billion crowns) for the purchase of a 29.9 percent stake in the smaller competitor Suez from the gas and electricity company Engie. If successful, Veolia will make a formal bid for the rest of the company, said CEO Antoine Frérot. According to him, the value of Suez, including the debt, is around 20 billion euros.
The sale of TikToku must be sanctified by China
The events surrounding the possible sale of American business around the Chinese TikTok application are further complicated. Beijing said the activities of ByteDance, the operator of a popular social network, could not be sold without the consent of the Chinese government.
Turkey threatens Greece
Tensions between Turkey and Greece are growing. Ankara warned the Greeks that their military presence on the island of Kastellorizo near the Turkish Riviera violated the 1947 peace agreement.
Ankara responded to photos published in the local press depicting Greek soldiers on their way to the island. However, according to a Bloomberg source, it was a routine rotation of a previously settled crew on the island.
Hunger is no less serious than COVID-19
By the end of the year, more people in the world could starve to death each day than COVID-19. The fight against the coronavirus pandemic has disrupted food supply networks as well as reduced the purchasing power of the population. As many as 130 million people could start starving, Bloomberg estimates. Today, more than 5,000 people die every day on COVID-19.