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Warren Buffett is stepping down as chair of Berkshire Hathaway after six decades leading the conglomerate. His son Howard, 71, will assume the chairmanship while Buffett remains as chair emeritus.
The Conservative Party pledged to restore tax-free shopping for non-EU tourists, reversing a 2021 decision. The party argues the move would boost competitiveness and attract additional international spending to the UK.
Starbucks baristas report health insurance premiums surging by 30% or more starting in October, forcing some workers to consider dropping coverage or seeking additional employment.
UK consumer confidence fell to a three-month low in September amid concerns about rising mortgage rates and job insecurity, according to an S&P Global survey ahead of the government’s upcoming budget announcement.
A new automotive analyst report predicts Chinese cars will not enter the U.S. market by 2030 due to tariffs and political resistance, while hybrid vehicles are expected to surge to 34% market share.
American Airlines reports that 30% of its seats generate half its revenue, prompting the airline and competitors to reconfigure planes with more premium cabins to capitalize on higher-spending passengers.
