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Charles T. Munger, who quit a well-established law career to be Warren E. Buffett’s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died on Tuesday in California, where he lived. He was 99. His death, at a hospital, was announced by Berkshire …
If you have not used one of your Google accounts for a long time, you might want to this week. Inactive accounts will start vanishing on Dec. 1. Google announced in May that it would start deleting accounts that had been idle for two years and said the policy would begin in December. That means …
Saudi Arabia won the bid to host the World Expo 2030 in a landslide on Tuesday, delivering a triumph to Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, as he seeks to reshape the authoritarian country’s international image — and his own. The vote was held by the Bureau International des Expositions in …
OpenAI has ChatGPT. Google has the Bard chatbot. Microsoft has its Copilots. On Tuesday, Amazon joined the chatbot race and announced an artificial intelligence assistant of its own: Amazon Q. The chatbot, developed by Amazon’s cloud computing division, is focused on workplaces and not intended for consumers. Amazon Q aims to help employees with daily …
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New …
Shein aims to win over Wall Street and Washington In filing confidentially for an initial public offering, Shein, the ultrafast-fashion retailer, is showing ambition on two fronts. The company and its underwriters are betting that investors will be more receptive to I.P.O.s, even though high-profile market debuts this fall largely fizzled out. Shein is also …
When Vietnam was awarded a multibillion-dollar deal by a group of nine wealthy nations last year to work on reducing its use of coal, it agreed to regularly consult with nongovernmental organizations. Instead, the government has arrested several prominent environmentalists from those organizations who shaped policies that helped secure the funding, prompting concerns over sending …
Tesla sued Sweden’s Transport Agency on Monday over a strike by postal workers that has blocked delivery of license plates for Tesla cars, the latest escalation of a widening battle between Sweden’s labor unions and the U.S. manufacturer of electric vehicles. A month ago, mechanics at seven Tesla-owned repair shops in Sweden walked off their …
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New …
Shein, the ultrafast-fashion retailer founded in China more than a decade ago, has filed confidentially for an initial public offering in the United States, according to a person familiar with the plans for the deal, who was not authorized to speak publicly about it. Some companies keep their paperwork for an initial public offering temporarily …