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Buffett talks succession and Berkshire's future at annual meeting May 4, 2024 03:09PM

(Reuters) - Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the executives who are designated to eventually succeed him and discussing Berkshire's opportunities.

Greg Abel, 61, designated Buffett's successor as chief executive in 2021, sat on stage with Buffett.

Here are some remarks during the meeting on... (continue reading...)


Russian Su-25 jet shot down over eastern Ukraine, Zelenskiy says May 4, 2024 02:19PM

KYIV (Reuters) - Ukrainian forces shot down a Russian Su-25 fighter-bomber over the Donetsk region in eastern Ukraine on Saturday, President Volodymyr Zelenskiy said.

"It is important to be very focused these days," he said in his nightly video address. "A special commendation goes to the warriors of the 110th separate mechanised brigade for today taking down another Russian Su-25 in the Donetsk region."

Zelenskiy provided no further... (continue reading...)


Berkshire exec calls wildfire claims against utility 'unfounded' May 4, 2024 12:41PM

NEW YORK (Reuters) - Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top executive said on Saturday.

Greg Abel, who is widely recognised as Buffett's successor and the future Berkshire chief executive, said at Berkshire's annual shareholding meeting that "all the litigation will be challenged" in relation to PacifiCorp [PPWLO.PK].

... (continue reading...)
Sadiq Khan wins re-election as London mayor in further boost for Labour May 4, 2024 12:19PM

By Sachin Ravikumar

LONDON (Reuters) -Sadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing Conservatives in local elections ahead of Britain's national vote later this year.

Khan's victory, his third in a row, was widely expected despite some public anger over knife crime and the Ultra Low Emission Zone (ULEZ), which charges drivers of older,... (continue reading...)


Germany denounces spate of attacks on politicians recalling 'darkest era' of its history May 4, 2024 10:16AM

By Sarah Marsh and Andreas Rinke

BERLIN (Reuters) -German Chancellor Olaf Scholz and European Union leaders denounced on Saturday a recent spate of attacks on politicians in Germany, including one that sent a member of the European Parliament to hospital with serious injuries.

Matthias Ecke, 41, a member of Scholz's Social Democrats (SPD), was hit and kicked on Friday by a group of four people while putting up posters in Dresden, capital of... (continue reading...)


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