Source: Virgin Australia
Josh Gordon will soon play organized football for the first time in two years.
Prince Harry's rare interview with James Corden has been slammed by royal sources as 'unhelpful' thanks to its timing. Find out why here.
Treasurer Josh Frydenberg insists the government is looking at other measures to support a range of industries, including the aviation sector, once the JobKeeper program ends.The JobKeeper wage subsidy is due to finish at the end of March.
Juventus ace Cristiano Ronaldo has added to his Serie A top scorer tally but the champions could only manage a 1-1 draw at mid-table Verona.Portuguese ace Ronaldo netted his 19th goal early of the league season in the second half off Federico Chiesa's low feed but the hosts levelled when Antonin Barak nodded home in the 77th minute.
A high dividend yield is great, but a high dividend yield that's sustainable is even better. One sector where you're likely to find stocks that check all three boxes is real estate, and specifically in real estate investment trusts, or REITs. There are some REITs that currently have dividend yields in excess of 5% that have plenty of room to grow their business for decades to come.
Every Premier League fixture for the 2020/21 season plus confirmed dates and kick-off times
Leading political figures in New York attended a rally in Manhattan Saturday in support of the Asian-American community targeted in random acts of violence recently. (Feb. 27)
A frustrated Owen Farrell joined head coach Eddie Jones in refusing to criticise or lay the blame for England’s Six Nations defeat by Wales on some hugely controversial refereeing decisions. First, the returning Josh Adams touched down in the corner after a quick cross-kick penalty from Dan Biggar, which caught England completely unaware with the water carriers on and the players under the posts after captain Farrell had been told by referee Pascal Gauzere to talk to his team about their repeated infringements. Farrell complained bitterly to Gauzere after that try, saying that England just hadn’t been given enough time to reset.
England coach Eddie Jones tried to make his frustration clear while refusing to criticise referee Pascal Gauzere following the reigning Six Nations champions' 40-24 loss away to Wales on Saturday.
Coach Franco Smith predicted it could take eight years for the young Italy side he is building to be able to compete at the highest level in rugby.
US President Joe Biden on Saturday answered a single question about whether he will punish the Saudi crown prince following the Khashoggi report. (Feb. 27)
(Bloomberg) -- Warren Buffett’s 15-page annual letter to shareholders on Saturday made mention of the pandemic that ravaged the globe in 2020 exactly once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine.Buffett likewise steered clear of politics, despite the contested presidential election and riots at the U.S. Capitol, and never touched on race or inequality even after protests and unrest broke out in cities across the nation last year. He also avoided delving into the competitive deal-making pressures faced by his conglomerate, Berkshire Hathaway Inc., a topic routinely dissected in past year’s letters.“Here you have a company with such a revered leader who’s held in such high regard -- whose opinion matters, who has businesses that were directly impacted by the pandemic, insurance companies that were influenced by global warming and social inflation -- and there was not one word about the pandemic,” Cathy Seifert, an analyst at CFRA Research, said in a phone interview. “That to me was striking. It was tone deaf and it was disappointing.”Buffett, 90, has been unusually quiet since last year’s annual meeting in May amid a multitude of issues facing Americans. His annual letters are often seen as a chance to offer investors help in understanding his thinking on broad topics and market trends, in addition to details on how his conglomerate is faring.But the Berkshire chief executive officer carefully weighs his words, and some topics, such as the pandemic, risk veering into highly controversial political territory, Jim Shanahan, an analyst at Edward D. Jones & Co., said in an interview.“There’s been a lot of comments about the pandemic and the impact on the businesses, but by not saying something in the letter, I think it’s just a way to try and avoid saying something that could be perceived as a political statement, which he’s been less willing to do in recent years,” Shanahan said.A representative for Buffett didn’t immediately respond to a request for comment placed outside routine office hours.Buffett also stayed quiet on topics that are key to his conglomerate, such as the market environment amid a tumultuous year -- and the work of key investing deputies like Todd Combs and Ted Weschler, according to Cole Smead, whose Smead Capital Management oversees investments in Berkshire.“There’s more found by what’s not in the letter,” said Smead, the firm’s president and portfolio manager. “I think just time and time again in this letter were sins of omission.”Here are other key takeaways from Buffett’s letter and Berkshire’s annual report:1. Buffett Relies on Buybacks Instead of DealsBerkshire repurchased a record $24.7 billion of its own stock as Buffett struggled to find better ways to invest his enormous pile of cash.And there’s more where that came from: The conglomerate has continued to buy its own stock since the end of last year, and is likely to keep at it, Buffett said Saturday in his annual letter.“That action increased your ownership in all of Berkshire’s businesses by 5.2% without requiring you to so much as touch your wallet,” Buffett said in the letter, which pointed out that the company “made no sizable acquisitions” in 2020.Berkshire did make a small amount of progress in paring the cash pile, which fell 5% in the fourth quarter to $138.3 billion. Buffett has struggled to keep pace with the flow in recent years as Berkshire threw off cash faster than he could find higher-returning assets to snap up, leading to the surge in share repurchases.2. Apple Is as Valuable to Berkshire as BNSF RailroadBerkshire’s $120 billion investment in Apple Inc. stock has become so valuable that Buffett places it in the same category as the sprawling railroad business he spent a decade building.He began building a stake in the iPhone maker in 2016, and spent just $31.1 billion acquiring it all. The surge in value since then places it among the company’s top three assets, alongside his insurers and BNSF, the U.S. railroad purchase completed in 2010, according to the annual letter.“In certain respects, it’s his kind of business,” said James Armstrong, who manages assets including Berkshire shares as president of Henry H. Armstrong Associates. “It’s very much brand name, it’s global, it’s an absolutely addictive product.”Buffett had always balked at technology investments, saying he didn’t understand the companies well enough. But the rise of deputies including Combs and Weschler has brought Berkshire deep into the sector. In addition to Apple, the conglomerate has built up stakes in Amazon.com Inc., cloud-computing company Snowflake Inc., and Verizon Communications Inc.3. Buffett Concedes Error in $37.2 Billion DealBuffett admitted he made a mistake when he bought Precision Castparts Corp. five years ago for $37.2 billion.“I paid too much for the company,” the billionaire investor said Saturday in his annual letter. “No one misled me in any way -- I was simply too optimistic about PCC’s normalized profit potential.”Berkshire took an almost $11 billion writedown last year that was largely tied to Precision Castparts, the maker of equipment for aerospace and energy industries based in Portland, Oregon.The pandemic was the main culprit. Precision Castparts struggled as demand for flights plummeted, prompting airlines to park their jets and slash their schedules. Less flying means lower demand for replacement parts and new aircraft. Precision slashed its workforce by about 40% last year, according to Berkshire’s annual report.4. Profit Gains Thanks to Railroad, ManufacturersDespite the pandemic’s effects continuing to hit Berkshire’s collection of businesses, the conglomerate posted a near 14% gain in operating earnings in the fourth quarter compared to the same period a year earlier.That was helped by a record quarter for railroad BNSF since its 2010 purchase and one of the best quarters for the manufacturing operations since mid-2019.5. Good-bye Omaha, Hello Los AngelesBerkshire’s annual meeting has for years drawn throngs of Buffett fans to Omaha, Nebraska, where the conglomerate is based. This year, the show is moving to the West Coast.While still virtual because of the pandemic, the annual meeting will be filmed in Los Angeles, the company said Saturday.That will bring the event closer to the home of Buffett’s longtime business partner, Charlie Munger. Buffett and Munger will be joined by two key deputies, Greg Abel and Ajit Jain, who will also field questions.Buffett and Abel, who lives closer to Berkshire’s headquarters, last year faced “a dark arena, 18,000 empty seats and a camera” at the annual meeting, Buffett said in his letter. The 90-year-old billionaire said he expects to do an in-person meeting in 2022.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Myanmar's United Nations envoy in New York vowed to fight on Saturday after the junta fired him for urging countries to use "any means necessary" to reverse a Feb. 1 coup that ousted the nation's elected leader Aung San Suu Kyi. "I decided to fight back as long as I can," Kyaw Moe Tun told Reuters on Saturday. Myanmar state television announced on Saturday that Kyaw Moe Tun had been fired for betraying the country.
After a brief respite, protests have again turned violent in Barcelona as supporters of a Spanish rap artist imprisoned for glorifying domestic terrorist groups and insulting Spain's monarch returned to the streets.Several thousand people marched peacefully on Saturday in the city before small packs spun off and smashed the windows of at least two bank offices and did other property damage.
NDSU, winners of eight of the last nine FCS national championships, was surprisingly knocked off on the road by Southern Illinois.
The NBA has been rocked after veteran Jeremy Lin alleged he had been called 'coronavirus' on court in the past year.
Peyton Manning has been out of the NFL for five years, but his accomplishments are still apparently haunting Tom Brady.
Eddie Jones refused to question two “huge” refereeing decisions in England’s Six Nations defeat by Wales because he said he would be fined, which would mean his dog would go hungry. While England’s discipline saw them concede 14 penalties at the Principality Stadium, referee Pascal Gauzere awarded Wales two controversial first-half tries. The first came when Dan Biggar fired an opportunistic cross-kick penalty to Josh Adams as soon as Gauzere had blown his whistle (with most of England’s players stood under the posts awaiting a short kick at goal), while the second saw Liam Williams cross after Louis Rees-Zammit appeared to knock on.
Pope Francis expects to die in Rome, still the Catholic pontiff, without returning to spend his final days in his native Argentina, according to a new book titled "The Health of Popes."
Both companies have strong track records and solid recent performance, but Duke Realty takes the lead as the better buy.
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