News

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.

Stress test looms for Buffett's Obama support

Sage of Omaha says Wells Fargo is strong, but Treasury may demand more capital

The Oracle of Omaha loses his visionary powers – and feels the heat

A defensive performance in front of shareholders shows even Warren Buffett is not immune to the credit crunch

Trott on the march: is he Buffett's chosen successor?

Banker's exit from Goldmans fuels speculation about Berkshire's future

Buffett admits Berkshire battered but stays bullish

Warren Buffett has told shareholders in Berkshire Hathaway, the holding company of his insurance and asset management firm, that the group has turned in its worst-ever results, adding that investors are "bloodied and confused".

US 'medicine will have unwelcome after-effects' says Buffett

Warren Buffett, the long-celebrated oracle of stock market investing, predicted yesterday that the US economy will remain in a "shambles throughout 2009" and "probably well beyond".

Europe's insurers count the cost of the credit crunch

Swiss Re and Axa book billions of writedowns on investments

Warren Buffet: The secret of the billionaire's success

Stocks plunge, banks implode, currencies teeter...Amid the wreckage of the world financial system, only one man stands tall. So what's Warren Buffett's secret? Sally Ann Lasson finds the answer in his incredible life story

Credit crisis diary: Blue ski thinking

Three cheers for the Pollyannas at Jet Republic, who either haven't realised the world is in economic turmoil or simply don't care. The private jet company – hardly the most recession-proof of sectors – has launched a Ski Card that promises to give clients "easy, hassle-free access to Europe's finest ski resorts". The only problem is their glittering new deal targets a dwindling bunch: those in the City set to pick up bonuses this year. Oops... As the joke runs, for many bankers keeping their job will be their only bonus this year.

Warren Buffett invests $3bn in GE

The giant American conglomerate General Electric is selling $3bn (£1.7bn) of preferred shares to Warren Buffett's investment group Berkshire Hathaway, with another $12bn in common shares going to the public.

Buffett injects $10bn into Goldman Sachs

Warren Buffett, the billionaire investor who foresaw the credit crisis, is investing up to $10bn in the US banking giant Goldman Sachs, in what is interpreted as a powerful signal that he sees long-term value in some battered financial companies.

Market Report: Buffett and Halleys linked to M&S stakebuilding

Speculators focused on Marks & Spencer, the high street retailer which touched an intra-day high of 294.5p, up more than 5 per cent, or 14.5p.

Buffett lunch costs $2.1m, but wisdom is what the fund wants

Zhao Danyang, an investment fund manager from Hong Kong, hopes he will get more than heartburn when he finishes having lunch with Warren Buffett at the famous Smith & Wollensky steakhouse in Manhattan shortly. As well as a very large bill he will need to leave with some newly gained wisdom.

Chinese fund manager wins Warren Buffett lunch

A Chinese fund manager has won a lunch with famed US investor Warren Buffett after bidding $2.11m (£1m) for the opportunity in a charity auction, more than three times what the lunch fetched last year.

Ping An drops out of bidding for RBS's insurance business

Ping An, the Chinese insurer, dropped out of the running to buy Royal Bank of Scotland's insurance business yesterday, leaving five potential buyers for the parent of Direct Line, Churchill and Privilege.

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Pompeii, Capri & the Bay of Naples
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Prices correct as of 15 May 2015
Fifa corruption: The 161-page dossier that exposes the organisation's dark heart

The 161-page dossier that exposes Fifa's dark heart

How did a group of corrupt officials turn football’s governing body into what was, in essence, a criminal enterprise? Chris Green and David Connett reveal all
Mediterranean migrant crisis: 'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves,' says Tripoli PM

Exclusive interview with Tripoli PM Khalifa al-Ghweil

'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves'
Raymond Chandler's Los Angeles: How the author foretold the Californian water crisis

Raymond Chandler's Los Angeles

How the author foretold the Californian water crisis
Chinese artist who posted funny image of President Xi Jinping facing five years in prison as authorities crackdown on dissent in the arts

Art attack

Chinese artist who posted funny image of President Xi Jinping facing five years in prison
Marc Jacobs is putting Cher in the limelight as the face of his latest campaign

Cher is the new face of Marc Jacobs

Alexander Fury explains why designers are turning to august stars to front their lines
Parents of six-year-old who beat leukaemia plan to climb Ben Nevis for cancer charity

'I'm climbing Ben Nevis for my daughter'

Karen Attwood's young daughter Yasmin beat cancer. Now her family is about to take on a new challenge - scaling Ben Nevis to help other children
10 best wedding gift ideas

It's that time of year again... 10 best wedding gift ideas

Forget that fancy toaster, we've gone off-list to find memorable gifts that will last a lifetime
Paul Scholes column: With the Premier League over for another year, here are my end of season awards

Paul Scholes column

With the Premier League over for another year, here are my end of season awards
Heysel disaster 30th anniversary: Liverpool have seen too much tragedy to forget fateful day in Belgium

Liverpool have seen too much tragedy to forget Heysel

Thirty years ago, 39 fans waiting to watch a European Cup final died as a result of a fatal cocktail of circumstances. Ian Herbert looks at how a club dealt with this tragedy
Amir Khan vs Chris Algieri: Khan’s audition for Floyd Mayweather may turn into a no-win situation, says Frank Warren

Khan’s audition for Mayweather may turn into a no-win situation

The Bolton fighter could be damned if he dazzles and damned if he doesn’t against Algieri, the man last seen being decked six times by Pacquiao, says Frank Warren
Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Fifa corruption arrests: All hail the Feds for riding to football's rescue

Fifa corruption arrests

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Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US
Stephen Mangan interview: From posh buffoon to pregnant dad, the actor has quite a range

How Stephen Mangan got his range

Posh buffoon, hapless writer, pregnant dad - Mangan is certainly a versatile actor