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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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University Edible Garden, Leeds – a sustainable garden in the centre of the university, passers-by can help themselves to the home-grown produce
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz