Day: May 3, 2020

New German Cases Slump; Trump Donor Returns Aid: Virus Update

(Bloomberg) —

Germany added 890 new cases of Covid-19, its lowest daily total since March, while U.S. cases rose faster than their one-week average.

Warren Buffett said Berkshire Hathaway has sold its entire stake in four major airlines as a result of the economic fallout from the virus. Trump donor Monty Bennett, whose hotels won small-business loans to help mitigate the effects of the outbreak, agreed to return the money.

Governments around the world are split into those trying to reopen economies and those implementing harsher controls. Australia continued to relax curbs, with Sydney resuming property auctions, while The Philippines

PM Modi tells ministries: Ensure farm credit is easy, review Essential Commodities Act

Concessional credit flow to strengthen infrastructure, special Kisan Credit Card drive for PM-Kisan beneficiaries and other issues were also discussed

Prime Minister Narendra Modi on Saturday asked the ministries of finance and agriculture and other stakeholders to ensure that farmers indeed have easy access to institutional credit at this juncture and other forms of governmental support, including marketing assistance.

After a review meeting on agriculture held by Modi with the relevant ministries, the government said in a statement: “The focus was on making strategic interventions in the existing marketing eco-system and bringing appropriate reforms in the context of rapid agricultural

Warren Buffett reveals why he hasn’t made any big investment despite sitting on $137 billion cash pile

Warren Buffett suggested that the best way for investors to invest in a growing stock market over a period of time is to put money in the S&P 500 index fund.

Famed investor Warren Buffett is yet to come across an “attractive” company that could potentially be an acquisition target for his Omaha-headquartered Berkshire Hathaway that had $137 billion in cash reserve by the end of March quarter. “We have not done anything, because we don’t see anything that attractive to do,” The company hasn’t made any big purchase since 2016 when it acquired the industrial goods and metal fabrication