The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Shares drop, gold surges as investors scurry for safety

SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East. South Korea put the country on high alert while the number of infections jumped to over 700 and deaths […]

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South Korea Signals Unprecedented Steps to Contain Virus Surge

South Korean President Moon Jae-in signaled the potential for unprecedented steps as the country reeled from a surge in coronavirus cases that triggered travel advisories around the world. The government on Sunday raised the infectious-disease alert to “red,” the highest level, after about a 20-fold surge in confirmed cases over five days. The total is now 602, a majority of […]

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25 Famous People Born on Leap Day

The chances of being born on leap day, Feb. 29, the day that is added in a leap year, are remote — one in about 1,500. It is estimated that there are 187,000 leapers, leapsters, or leaplings (yes, there are names for them) in America today. Among these leaplings are famous rappers, actors, and sports figures who are still among […]

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U.S. Raises Japan Warning; Italy Issues Travel Ban: Virus Update

The U.S. raised its travel warning to Japan -– more evidence of the fear of the coronavirus’s spread and that the window to stop a global pandemic is closing. Iran, Italy and South Korea reported new deaths Saturday. In total, there are some 77,000 cases worldwide, with over 2,300 deaths, almost all in China. South Korea reported 229 new cases, […]

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Buffett calls for more accountability for corporate directors

(Reuters) – Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual letter to Berkshire Hathaway Inc (BRKa.N) shareholders, Buffett said pay for outside directors has “soared” to levels that […]

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The ECB wants to talk to you about inflation. But will it listen?

FRANKFURT/RIYADH (Reuters) – For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet. Now, however, the ECB experts are in for a dose of real life as they meet audiences ranging from students to clergy this year to get their views on inflation and feedback on the central bank’s work, […]

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Buffett defends investments in stocks, which fueled record Berkshire profit

(Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, as the conglomerate struggled to find whole businesses to buy. Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is “100% prepared” for the eventual departures of himself […]

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Buffett defends investments in stocks, which fueled record Berkshire profit

(Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, as the conglomerate struggled to find whole businesses to buy. Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is “100% prepared” for the eventual departures of himself […]

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Boeing Suspends Co-Workers of Pilot at Center of Max Scrutiny

Boeing Co. put three employees who worked with the former chief technical pilot of the 737 Max on administrative leave as a federal grand jury investigates whether he intentionally misled the Federal Aviation Administration about a software system tied to two deadly crashes, people familiar with the matter said. The employees were notified of the action this week, according to […]

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