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Exiting Buffett plans to hold on to Berkshire stock for now
Exiting Buffett plans to hold on to Berkshire stock for now
by  AFP

Warren Buffett on Monday confirmed plans to step down as Berkshire Hathaway CEO at year's end, but said he will keep a "significant amount" of shares in the company for now. Buffett announced in May he would step down at the end of 2025, a plan met with dismay by rank-and-file investors in Berkshire and beyond who admire the folksy investor.

Bank of England seeks to 'build trust' in stablecoins
Bank of England seeks to 'build trust' in stablecoins
by  AFP

The Bank of England said Monday it aims to "build trust" in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. "Our objective remains to support innovation and build trust in this emerging form of money."

China suspends 'special port fees' on US vessels
China suspends 'special port fees' on US vessels
by  AFP

China said Monday it would suspend for one year "special port fees" on US vessels "simultaneously" with Washington's pause on levies targeting Chinese ships, as a fragile trade truce between the superpowers continues to take shape.

From Club Med to Beverly Hills: Assinie, the Ivorian Riviera
From Club Med to Beverly Hills: Assinie, the Ivorian Riviera
by  AFP

Locals in Assinie reminisce about the old days when the now-shuttered Club Med in southeastern Ivory Coast provided jobs aplenty. The fishing village's former Club Med even provided the backdrop for the 1978 cult French comedy film "Les Bronzes" ("French Fried Vacation"), which satirically skewered resort vacations.