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New York — Warren Buffett’s Berkshire Hathaway has announced its biggest acquisition in three years, with plans to buy OxyChem, the chemical arm of Occidental, for $9.7 billion in cash. The deal, revealed Thursday, marks Buffett’s largest purchase since the $11.6 billion acquisition of insurer Alleghany in 2022. It also comes as the 95-year-old investor…
Tesla CEO Elon Musk has set a new record, becoming the first individual in history to achieve a net worth of more than $500 billion. According to Forbes’ Billionaires Index, his fortune briefly touched $500.1 billion on Wednesday before dipping slightly to just over $499 billion. The surge in Musk’s wealth is tied not only…
The White House says mass layoffs of federal workers will begin within two days if the government shutdown continues, raising fears for nearly 750,000 employees and billions in lost economic output. The shutdown began after Democrats and Republicans failed to reach a spending deal before the deadline, with both sides locked in a bitter blame…
China has introduced a new “K visa” program intended to bring in foreign scientists, engineers, and technology professionals to boost innovation. The visa offers perks like long-term residency and tax incentives to attract talent. However, the plan has sparked criticism among local citizens and online communities. Some argue it could benefit foreign experts while sidelining…
