How US-China talks differ from any other trade deal

Washington: Chinese Vice Premier Liu He goes to Washington for trade talks on Thursday and Friday, setting up a last-ditch bid for progress toward a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by US President Donald Trump. US officials have accused China of reneging in the past week on […]

Billionaire Warren Buffett gives new hint about his successor

Omaha: Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand. The world’s third-richest man also said at his company’s annual shareholder meeting that its recent investment in Amazon was not a shift in strategy to focus on Silicon […]

Siemens says it will cut more than 10,000 jobs, and losses

FRANKFURT – German industrial equipment maker Siemens says it will cut some 10,000 jobs in a major restructuring that will involve spinning off its oil, gas and power generation business and creating new areas of growth. News of the moves to increase profitability and address the struggling power business sent the company’s share price up […]