Investor Warren Buffett say's his company sold all its shares? WATCH NOW!

  • May 04, 2020 BST
  • Team Kalkine

Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines. Speaking at the annual shareholders' meeting, Mr. Buffett said "the world has changed" because of the coronavirus. He then said he had been wrong to invest in the airline industry. Mr. Buffett's comments came just hours after Berkshire Hathaway announced a record $50bn (£40bn) net first-quarter loss, Reuters news agency reports.

Students will have to pay full tuition fees of £9,250 this autumn even if universities cannot open and courses are taught online, ministers have said. The government has rejected calls for a financial bailout from vice-chancellors to help them to cope with the coronavirus pandemic. Universities had asked for £2.2 billion extra in research funding to make up for the predicted fall in overseas students in the next academic year.

Businesses will not have to enforce two-meter 'social distancing' rules when coronavirus lockdown eases - as long as they can show they are keeping staff safe. The shape of the 'road map' out of the crippling restrictions has started to emerge, with a leaked draft suggesting it will recognize that keeping gaps between workers is not always possible.


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