Berkshire takes $3.8 billion Kraft Heinz writedown, profit falls

Berkshire takes $3.8 billion Kraft Heinz writedown, profit falls

Warren Buffett’s Berkshire Hathaway said on Saturday it took a $3.76 billion writedown on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn’t worked out. Berkshire also reported a 4% decline in quarterly operating profit as insurance underwriting premiums fell. The writedown and lower gains from common stocks caused a 59% drop in overall…

Read More
‍Hong Kong Airlines to Launch Melbourne Service

‍Hong Kong Airlines to Launch Melbourne Service

‍HONG KONG — Hong Kong Airlines (HX) will launch nonstop flights from Hong Kong to Melbourne from December 12, 2025. The airline’s Airbus A330-300s will operate the three-per-week service with 24 lie-flat business class seats in a 1-2-1 configuration and 279 economy seats. The launch comes after HX’s recent expansion into Australia, including the return…

Read More
Canadian trade minister says "we're prepared to stick around and do the work needed" after U.S. imposed 35% tariff on goods

Canadian trade minister says “we’re prepared to stick around and do the work needed” after U.S. imposed 35% tariff on goods

Canada-U.S. Trade Minister Dominic LeBlanc said Sunday that “we’re prepared to stick around and do the work needed” despite having left Washington without a new trade deal amid increased tariffs from President Trump. “We believe there’s a great deal of common ground between the United States and Canada in terms of building two strong economies…

Read More