Reuters reported that Warren Buffett announced plans to give away more of his fortune after his death by converting $1.14 billion worth of shares in Berkshire Hathaway to donate to foundations, putting him ahead of the competition in philanthropy. This move showcases Buffett’s commitment to charitable giving and highlights his significant impact on the business and finance sector in the Americas. The decision to donate such a substantial amount of shares underscores the importance of corporate social responsibility and sets a precedent for other wealthy individuals to follow suit.
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Daniel Křetínský £5.3bn bid for Royal Mail owner to get greenlight from UK government
The UK government has approved Czech billionaire Daniel Křetínský's £5.3bn takeover of Royal Mail, with a "golden share" retained by the government for governance. Křetínský's EP Group will uphold commitments including maintaining UK operations and meeting delivery obligations. This decision comes after Royal Mail was fined £10.5mn for failing to meet performance targets, highlighting the challenges faced by Křetínský in modernizing the postal service. Full Article
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