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• Warren Buffett's Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets Warren Buffett's Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy's natural gas transmission and storage business. Berkshire's energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets. "We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business," Buffett said in a press release on Sunday. The deal is Berkshire's biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was…
• Warren Buffett’s Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets Warren Buffett’s Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy’s natural gas transmission and storage business. Berkshire’s energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets. “We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business,” Buffett said in a press release on Sunday. The deal is Berkshire’s biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was…
• The World Bank abandoned plans to launch a fresh set of pandemic bonds for developing countries after widespread criticism The World Bank has scrapped plans to issue a second set of pandemic bonds for the relief of developing nations suffering from the COVID-19 outbreak, according to the Financial Times. When the coronavirus began to spread around the world in April this year, the bank triggered roughly $133 million in aid to developing nations battered by the outbreak. But its efforts have been met with criticism on grounds that the amount pales in comparison to what is actually needed to limit contagion. The World Bank has previously called these specialized bonds one of its critical tools to facilitate financial lending.…
• Israel's prime minister wants to annex parts of the West Bank, a controversial scheme encouraged by Trump but hated by everyone else. Here's what his plan is. Israeli Prime Minister Benjamin Netanyahu has proposed annexing a significant portion of the West Bank, a disputed landlocked territory both Israelis and Palestinians assert claims to.  In recent discussions, Netanyahu has reportedly floated the idea of annexing 30% of the West Bank, along with other options including "a more symbolic annexation of a small amount of land."  On Tuesday, Netanyahu said he would continue working on the annexation plans "in the coming days." International observers say that Israel's annexation of land in the disputed territory would violate international law. According to The New York Times, Netanyahu is hoping to win…