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Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Business Diary: The Beeb's sly dig at Osborne

Revenge for the miserly licence fee settlement awarded to it by the Government? BBC News 24's live coverage of George Osborne's spending review statement in the Commons yesterday was interrupted by an inadvertent switch ofpictures back to the studio. The feed from Parliament was restored in time for Mr Osborne to formally announce the details of the BBC settlement, but it was hardly a respectful response.

Buffett, Ballmer: US economy to avoid double dip

Business titans line up to challenge gloomy reports on America's prospects

David Prosser: Connaught's catalogue of woe began at home

Outlook The problems of Connaught have prompted warnings that many more companies may be pushed over the edge by public-sector spending cuts. But while the private sector inevitably will take a hit as the Government pares spending, to blame the demise of Connaught on austerity measures would be to let the company off the hook far too easily.

Warren Buffett's 'business gene' built an empire that changed history

As he celebrates his 80th birthday, Warren Buffett shows no sign of slowing down. Stephen Foley looks at the secret behind the philanthropist's global success

Warren Buffett plots bid for RBS's Direct Line division

Warren Buffett, "the Sage of Omaha" who turns 80 today, is one of the bidders seeking to buy Royal Bank of Scotland's Direct Line insurance business at a knock-down price. The European Union is forcing RBS, the state-controlled bank, to sell the division as punishment for taking public money during the financial crisis.

Leading article: Just giving

The United States has proportionately more billionaires than Britain, in part because the income gap there is even wider than it is here. But that is no excuse for not embracing the idea of "The Giving Pledge", pioneered by champion investor Warren Buffett and the Microsoft founder, Bill Gates. It was launched barely two months ago, and there are already almost 40 American billionaires signed up to dispensing at least half of their fortunes, either during their lifetimes or after death. In this age of austerity, there seems to have been something in the Buffett-Gates challenge that appealed to the country's super-rich.

Billionaires to give away half their fortune

More than 30 US billionaires pledged today to give away at least 50 per cent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.

Stephen Foley: Berkshire Hathaway's sensational new guru

US Outlook: So it is "foregone conclusion" that Li Lu, Tiananmen Square student protest leader-turned-millionaire hedge fund manager, will be one of Warren Buffett's successors at Berkshire Hathaway, according to the Oracle of Omaha's right-hand man, Charlie Munger. Mr Li's good-but-not-great investment performance to date is supplemented with an appropriately sensational life story, plus obvious intellectual prowess.

The Sage's Son: What became of the Buffett billions?

When the super-investor, Warren Buffett, gave a chunk of his fortune to his son, Howard, there was one proviso: it had to be spent on charitable projects. Paola Totaro goes on the road with the billionaire philanthropist

Warren Buffett gives away more of his fortune

Warren Buffett, the world's third richest man, has announced a donation of $1.9bn (£1.25bn) worth of shares to charitable foundations.

Buffett to face grilling over investment in ratings agency

Warren Buffett has one of the bigger claims to having predicted the credit crisis, describing credit derivatives as "financial weapons of mass destruction" as long ago as 2002, but when he testifies before the commission investigating the crisis this morning he will not be playing his familiar role of avuncular investment oracle.

David Prosser: It's time for Government to keep its word and get banks lending again

Outlook: The cost of mortgage funding in the current low interest rate environment continuesto squeeze all life out of margins in this business

Sage of Omaha's fans ponder a future without Buffett

The Berkshire Hathaway shareholders' meeting had its funny moments, but a serious question was in the air

Charlie Munger: Savvy investor who makes up Buffett's roaring double act

Charlie Munger, the vice-chairman of Berkshire Hathaway, has long been billed as the supporting role in an extremely successful double act with Warren Buffett, but he has a huge following in the investor community in his own right. Mr Buffett has said in the past: "He's got a real fan club, but for good reason. I'm a member, too."

I would not want job of tackling British debt, says Buffett

Warren Buffett, the billionaire investor known as the Oracle of Omaha, said he doesn't envy the winner of the UK general election, who will be faced with the need to make "politically very unpopular" decisions to cut the deficit. Speaking after his annual shareholder meeting, at which he dispensed nuggets of business wit and wisdom to a crowd of 40,000 faithful, Mr Buffett warned the next occupant of No 10 to fear the bond market, which could turn against the UK if public spending is not brought back into balance over the long term.

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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam