Warren Buffett’s Berkshire Hathaway dumps Visa and Mastercard stock and buys $1bn in Bitcoin fintech Nubank February 16, 2022 Berkshire Hathaway, Warren Buffett’s investment vehicle, has reportedly ditched more than $3bn in stock in payment processor giants Visa and Mastercard. According to a securities filing in the U.S., dated 14 February, the investment giant has sold $1.8bn in Visa shares and $1.3bn in Mastercard stock. At the same time, the company increased its participation [...]
Elon Musk makes £4.2bn in charitable donations in 2021 amid Tesla uncertainty February 15, 2022 Eccentric entrepreneur Elon Musk donated $5.7bn (£4.2bn) worth of Tesla shares last year, making him the second-biggest philanthropic of the year according to a new security filing. According to this document, the Tesla boss donated 5,044,000 shares to an unnamed charity. If this filing is correct, this puts the South African-born businessman just behind Bill [...]
See for yourself: Videos show Russian army closing in on Ukraine border amid warning invasion may start tomorrow February 15, 2022 The build-up of Russian armed forces approaching the Ukrainian border is in full swing, according to various media reports overnight. This includes submarines, landing ships in the Black Sea as well as tanks and howitzers, according to CNN. The news channel geolocated and authenticated a range of social media videos. A number of videos were [...]
Studio Retail Group preparing to call in administrators in blow for largest shareholder Mike Ashley’s Fraser Group February 14, 2022 Online value retailer Studio Retail Group, whose largest shareholder is Mike Ashley’s Frasers Group, is posed to call in administrators. The Accrington-based firm said it had not been able to reach agreement with its UK lenders for additional funding it needed. Studio Retail had requested a short-term loan of £25m to fund surplus stockholding which [...]
Metropolitan Police Federation turns against London Mayor saying it has ‘no faith’ in him following Cressida Dick’s resignation February 14, 2022 The Metropolitan Police Federation, which represents more than 31,000 officers in London, has said it has “no faith” in London Mayor Sadiq Khan following the resignation of Dame Cressida Dick last week. Ken Marsh, chairman of the federation, said: “We have let the Mayor’s office know in no uncertain terms how our brave and diligent [...]
Biden: US citizens should leave Ukraine February 11, 2022 US President Joe Biden has advised American citizens living in Ukraine to leave the country immediately, amid growing fears of a Russian invasion.
Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]
Tesla recalls 26,000 cars over software error while it braces for harassment lawsuit February 9, 2022 Tesla can’t seem to catch a break these days, as it was forced to recall more than 26,000 cars over a software error, while bracing for a potential racism and harassment lawsuit. According to the US agency in charge of automotive safety standards, software errors could cause a valve in the heat pump to open [...]
Partygate dying down: Boris Johnson heading to PMQs after tinkering top team as PM tries to regain grip on power February 9, 2022 Prime Minister Boris Johnson will face MPs after tinkering with his top team as he looks to stave off a confidence vote and lay the foundations for the next election battle. After months of being dogged by partygate allegations and a fresh controversy over his Jimmy Savile remarks, the Prime Minister opted to embark on [...]
Boris Johnson faces calls to apologise over Jimmy Savile smear from own party after Starmer abuse February 8, 2022 Tory MPs are urging Prime Minister Boris Johnson to apologise for the Jimmy Savile smear he levelled at Sir Keir Starmer after police had to rescue the Labour leader from a mob. Sir Keir was bundled into a police car for protection near Parliament on Monday as he faced baseless allegations of “protecting paedophiles” and [...]