Does every business need a cash pile like Warren Buffett’s?

WARREN BUFFETT must be feeling smug right now. Months before American stockmarkets started sliding from record levels in late February, as investors began to question President Donald Trump’s stewardship of the world’s largest economy, the nonagenarian billionaire was cashing out of equities. In 2024 his industrial conglomerate, Berkshire Hathaway, sold a net $134bn of stocks,…

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Pity American firms in China. Xi Jinping is hitting back

For decades politicians in Washington might have been mistaken for lobbyists for American companies in China. They pushed for the country to be opened up to American banks, planes and fast-food chains. Boeing, an American plane manufacturer, for example, began receiving orders from China just after Richard Nixon visited the country in 1972. Now many…

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Reclaiming the office lunch

When Monica Lewinsky, once an intern at the White House, was cajoled into a lunch date by Linda Tripp, a colleague wearing a wire, she was met by fbi agents and taken to a room in Washington’s Ritz-Carlton Hotel to be interrogated. What seemed like an innocent lunch date was one of the first steps…

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Amazon Spending $13 Billion To Build AI-Powered Data Centers In Australia

Computer servers in a data center. getty Amazon will invest A$20 billion ($13 billion) in the five years through 2029 to build data centers in Australia amid growing demand for cloud computing and artificial intelligence applications. The spending—the biggest investment from a global technology provider in Australia—will hasten AI adoption across the country, boost productivity…

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