Warren Buffett donates $3.6 billion of stock to five foundations

New York: Warren Buffett agreed to donate $3.6 billion (Dh13.2 billion) worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. That brings the total amount of stock he’s given the foundations to about $34 billion […]

UK factory slump deepens as PMI drops to lowest since 2013

London: A downturn in UK manufacturing worsened in June as a gauge for the industry dropped to the lowest level since February 2013. IHS Markit’s Purchasing Managers Index for the sector showed a back-to-back contraction for the first time in more than six years. Production and new business returned the worst readings for almost seven […]

US factory activity falls to more than 30-month low

Washington: US manufacturing activity hit more than a 2-1/2-year low in June, with a measure of new orders received by factories tumbling, amid growing anxiety over the escalation in trade tensions between the United States and China. Other data on Monday showed construction spending unexpectedly fell in May as investment in private construction projects dropped […]