Warren Buffett piled into the energy sector as he took advantage of “gambling in the market” to pick up established oil and gas players at attractive prices.
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Warren Buffett’s energy bet tops $40 billion, a record for Berkshire Hathaway
World
CNBC’s UK Exchange newsletter: It’s not the 1970s, but the oil shock is still biting hard
A sign saying “Sorry, No Petrol” on the forecourt of a BP service station during a fuel shortage in London on Feb 9, 1971. Evening Standard | Hulton Archive | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch For Britons of a […]
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Lufthansa faces nearly $2 billion in extra fuel costs amid Middle East conflict
A Lufthansa passenger plane lands at Frankfurt Airport The plane flies over the Messeturm. The airline presents its quarterly figures on Wednesday. Picture Alliance | Picture Alliance | Getty Images Germany’s largest airline, Lufthansa reported taking on 1.7 billion euros (nearly $2 billion) in additional fuel costs as the Middle East conflict poses “enormous challenges.” […]
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China hosts Iran’s top diplomat just days ahead of Trump’s high-stakes visit
BEIJING, CHINA – JULY 15: Iran’s Minister of Foreign Affairs Seyed Abbas Araghchi and Russia’s Minister of Foreign Affairs Sergei Lavrov (not seen) hold a meeting on the sidelines of the 2025 meeting of the SCO Council of Foreign Ministers in Beijing, China on July 15, 2025. Russian Ministry of Foreign Affairs | Anadolu | […]
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