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Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

Warren Buffett may have sold his airline stakes and spent more than $20 billion on stock buybacks last quarter, Chris Bloomstran, head of Semper Augustus Investments, told Business Insider.The billionaire investor and Berkshire Hathaway boss probably hasn't bought many other stocks, and might struggle to strike bailout deals in the face of government aid and fierce competition, Bloomstran said.Berkshire wouldn't hesitate to splurge $100 billion on Buffett's long-awaited "elephant-sized acquisition.""They would absolutely do it if the right elephant came along," Bloomstran said.Visit Business Insider's homepage for more stories.Warren Buffett has been silent as stock markets roil and oil prices plunge, fueling speculation about what he's up to.The famed investor and Berkshire Hathaway boss




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Montana Brown issues stark warning to fame-hungry Love Island hopefuls

The reality star, 24, spoke candidly to former TOWIE star and Tings Magazine founder Vas J Morgan for his I Am Enough campaign




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Coronation Street star warns soap could go 'off air' unless filming recommences by June

Coronation Street star Andy Whyment has warned the soap could go 'off air' unless filming recommences by June after production was halted amid the coronavirus pandemic.




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Jessica Mauboy attends Wharf4Ward in a sequin mini dress and flaunts 1.5ct engagement ring

She recently confirmed her engagement to boyfriend Themeli Magripilis during their romantic holiday in Greece. 




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Tornado rips up warehouse and sends debris flying as 60 workers cower inside factory in Greece

A violent whirlwind hit Kalamata, Greece, on Monday, causing serious damage to local buildings, including the Papadimitriou factory which produces vinegar and olive oil.




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Turkey shoots down two Syrian war planes and destroys 100 tanks as it launches military offensive

Turkey shot down two Syrian army planes and rendered its Nayrab airbase, outside Aleppo, unusable in attacks today that escalated tensions between Ankara and Damascus.




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LARISA BROWN: Thousands of refugees pouring towards Greece is a crisis that cannot be ignored

LARISA BROWN: The gateway to Greece and the EU for migrants encouraged to leave by Turkey's regime is a short walk across no man's land. But they cannot advance any further.




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Kim Kardashian during Justice Project documentary gains freedom for Momolu Stewart

The 39-year-old reality star helped gain the freedom of convicted killer Momolu Stewart during her Justice Project documentary that aired Sunday on Oxygen.




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India's Defence forces say 'thank you' to "Corona warriors" with a flypast, flower petals, music and more

A number of aircraft of Indian Air Force conducted a fly past over different parts spanning the length and breadth of the country today (May 3) as a tribute to the frontline staff ⁠— doctors, nurses, sanitation workers, police and others ⁠— dealing with the COVID-19 pandeminc in India. This flying activity was combined along with the training activity of the Indian Air Force and opportunity flight for transport aircraft and helicopters who are involved in moving supplies related to COVID-19 task, a government statement said. Watch the video here: Courtesy: The state-run broadcaster Doordarshan.From the King George's Medical University (KGMU) in Lucknow to Rajiv Gandhi Government Hospital in Chennai to Thiruvananthapuram General Hospital in Kerala, the IAF aircrafts showered flower petals




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One more ward decleared containment zone in Ahmedabad on 3rd May

Ahmedabad, May 3 () One more ward of Ahmedabad city was declared as a COVID-19 containment zone on Sunday, taking the total number of such wards here to 10, a senior civic official said. The Ahmedabad Municipal Corporation is taking steps to ensure lockdown rules are strictly followed in these affected areas to contain the spread of coronavirus, he said.The Maninagar ward in south Ahmedabad is the latest to be added in the list of containment zones, the official said.The COVID-19 figures in Ahmedabad till Saturday are as follows: Total cases-3,543, deaths-184, active cases-2,815, discharged-525, total samples tested-30,166 (at the rate of 5,000 samples per million), the official said.Ahmedabad has been declared a red zone by the Centre, and the state government will decide on the lockdown




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When Warren Buffett feels 'fear', global markets quake

"Fear is the most contagious disease you can imagine. It makes the virus look like a piker," Warren Buffett, Chairman and CEO of Berkshire Hathaway, said.Buffet's net worth is an estimated $72 billion, and his investment firm has a cash pile of $137 billion.Buffett's view, and it is hard to disagree with it, the worst of the coronavirus impact on the global economy and markets may not be over yet."Fear is the most contagious disease you can imagine. It makes the virus look like a piker," Warren Buffett, Chairman and CEO of Berkshire Hathaway, and more importantly an iconic investor said. "I don’t believe anybody knows what the market is going to do tomorrow, next week, next month, next year,” he added.The words are from a man whose net worth is an estimated $72 billion, and his investment




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AIIMS chief dampens the government’s celebration of ‘a flatter curve’⁠— warns that next 4-6 weeks are crucial in the fight against COVID-19

IANS“While the lockdown has helped in flattening the curve, the curve has not shown a downward trend. That is a cause for concern,” Guleria told The Indian Express.He also believes “the next four to six weeks will be very, very important because the lockdown cannot be there forever. The ideal, the dream would be to have zero cases.”Guleria believes “we are better prepared than we were before”, but the pandemic has to be “fought at the community level, not the hospital level.”Lav Aggarwal, the spokesperson, the Ministry of Health and Family Welfare, highlighted the fact that for the first time since the outbreak, India’s COVID-19 cases are doubling every 12 days. Which is a huge improvement since before lockdown began coronavirus cases were doubling every 3.2 days as of March 24. However, the




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When Piyush Pandey paid tribute to Irrfan Khan, Pushpa Joshi, Atmaram and Asha Bhende, stalwarts we lost in the last few years

In our latest episode of BTS with Insiders, Piyush Pandey, Chief Creative Officer Worldwide, Ogilvy, talks about four actors, Irrfan Khan, Pushpa Joshi, Atmaram Bhende and Asha Bhende, would are no longer with us but who created magic in some campaigns created by the ad guru.Pandey shares some stories from each of the three ads, while also making an appeal to younger creative professionals to be open to identifying new actors.Last week we collectively grieved the loss of two stalwarts who made a huge impact on Indian cinema, Irrfan Khan and Rishi Kapoor. When I reached out to Piyush Pandey, Chief Creative Officer Worldwide, Ogilvy, for our weekly chat show, BTS with Insiders, we initially wanted to talk about three ads that he had worked on over the course of his career that he held close




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For every ₹100 spent on petrol and diesel in India, ₹70 goes towards taxes

The Indian government increased the excise duty on petrol and diesel by ₹10 and ₹13 per litre respectively, hoping to mop up ₹1.6 lakh crore this year.As a result of this, tax on petrol and diesel comprises of 70% of the total price per litreWith the crude oil prices at historically low levels, this could help the government reduce the fiscal deficit at a time when the economy has come to a standstill due to the nationwide lockdown.Amid the falling crude prices, the cash-strapped Indian government has increased the excise duty on petrol and diesel by ₹10 and ₹13 per litre respectively. The increase in excise duty has now taken the tax component in the auto fuels to almost 70% and with this, the government hopes to mop up ₹1.6 lakh crore this year.Various state governments across the country




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Cognizant CEO Brian Humphries warns of a tough 2020— plans to hire 20,000 freshers this year

The tech major expects a $50 million to $70 million hit in the ongoing quarter due to the ransomware attack.The management projected margins to remain below 16-17% in 2020. Cognizant shares are down 17.80% from the recent peak on February 6. They have under-performed the Nasdaq which is down 0.66% year to date. IT major Cognizant has reported a 16.7% drop in its March quarter net income at $367 million, and said it expects a challenging demand environment throughout 2020 amid the coronavirus pandemic. Cognizant follows January-December as financial year. Its net profit was at $441 million in the March 2019 quarter.In 2020, the company plans to continue investments in developing digital skills and wants to hire about 20,000 entry-level hires to adjust the employee cost structure. 41% of the




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India’s government debt could mount to 81% of GDP by 2024 even at the pre-COVID rate of growth, warns Moody’s

Moody's Investors Service said India’s Baa2 negative rating is unlikely to improve given the economic shock triggered by the coronavirus outbreak.However, the report noted that the COVID-19 crisis has only exacerbated the impact of some of India’s existing evils.The $2.7 trillion economy, the seventh largest in the world, is riddled by low household income, high government debt, and weak policy reforms and implementation.Moody's Investors Service said India’s Baa2 negative rating ⁠— while cutting growth estimate for the year to 0.2% ⁠— down from our previous forecast of 2.5%. is unlikely to improve given the economic shock triggered by the coronavirus outbreak. Over the next five years, India’s government debt could be as high as 81% of the country’s gross domestic product, it said.However,




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Anthony Hopkins nailed Drake's 'Tootsie Slide' and challenged Arnold Schwarzenegger and Sylvester Stallone to do the same

Anthony Hopkins joined TikTok to perform Drake's viral "Tootsie Slide" dance.At 82, he shows age is just a number.He then challenged Arnold Schwarzenegger and Sylvester Stallone to do the same.Visit Insider's homepage for more stories.Anthony Hopkins acts, paints, plays the piano, and dances to viral challenges.On Thursday, the 82-year-old "Westworld" actor proved that age has no limits by sharing a TikTok video of himself performing Drake's catchy "Tootsie Slide" dance.—Anthony Hopkins (@AnthonyHopkins) May 7, 2020Look at these moves. 75636480That's not all. Hopkins then challenged Arnold Schwarzenegger and Sylvester Stallone to do the same, quoting some of their biggest movie lines from "Terminator" and "Rocky."Neither of them have responded yet, but you can't say no to Hannibal Lecter,




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The Cognizant Maze ransomware saga will show its full impact for many months to come

Cognizant first-quarter earnings were in the green but worst is yet to come with the full impact of the ransomware attack on its systems to be reflected in the coming quarters.Management explained that there are multiple costs — including legal and consulting — associated with the investigation. Even now, Cognizant expects that it will take at least until the end of the month to completely restore its systems.Cognizant’s first-quarter earnings were in the green, up by 3.5% in constant currency terms, but the shadow of the Maze ransomware attack on the company’s network still looms large. “We do anticipate the revenue and corresponding margin impact to be in the range of $50 to $70 million for the quarter [Q2],” said Cognizant’s Chief Financial Officer (CFO) Karen McLoughlin during the earnings




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'The war had been a total war': Queen Elizabeth II, in a special VE Day message, draws similarities between WWII and the coronavirus pandemic

Britain's Queen Elizabeth II on Friday offered a message in honor of the 75th anniversary of Victory in Europe Day (VE Day).The 93-year-old monarch spoke of the parallels between the Second World War that left more than 50 million dead, and the ongoing efforts to battle the coronavirus."The war had been a total war: it had affected everyone, and no one was immune from its impact," she said.Visit Business Insider's homepage for more stories.Britain's Queen Elizabeth II on Friday offered a tribute and a message of hope in honor of the 75th anniversary of Victory in Europe Day (VE Day).In a video message, the 93-year-old monarch drew a parallel between the Second World War that left more than 50 million dead, and the ongoing efforts to battle the coronavirus.VE Day is remembered as the day when




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Lisa Wilkinson shows off her unusual hack to keep warm while in London for the royal wedding

Lisa Wilkinson has shown off her hack to keep warm while reporting from London.




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Wayne Brady has an awkward exchange with Waleed Aly on The Project

King of improv Wayne Brady, 46, recently landed Down Under for his 2018 world tour.




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Logie Awards 2018: Sylvia Jeffreys dons a blue sequinned bustier gown

The  32-year-old simply stunned on the red carpet as one of the first guests to arrive at the The Star on the Gold Coast.




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Shane Warne doubles down on Waleed Aly calling him ‘arrogant cretin’

Cricket great Shane Warne's verbal attack on Waleed Aly after he was announced as a potential AFL consultant is the latest chapter in a long running feud.




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Angela Bishop reveals the story behind that awkward encounter with Hollywood star John Travolta

Entertainment journalist Angela Bishop has described her awkward encounter with Hollywood actor John Travolta at 2018's G'Day USA gala as one of her 'worst red carpet moments'.




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Zendaya puts on leggy display in sultry green dress as she oozes Poison Ivy vibes at Emmy Awards

The talented 23-year-old actress channeled the comic book supervillian in a sultry green look as she walked the red carpet Sunday at the 71st Primetime Emmy Awards.




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A$AP Rocky sparks up a suspicious looking cigarette while emerging from British Fashion Awards bash

While posing boldly for cameras, he sparked up the roll-up cigarette and put on a typically trendy display just hours after walking the red carpet with Rihanna




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Strictly's Emma Weymouth dazzles in sequinned dress at British Fashion Awards

Viscountess Emma Weymouth partied the night away at Rihanna's Fenty bash on Monday night, hosted at London's Laylow after the British Fashion Awards 2019.




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British Fashion Awards 2019: Rihanna proves she is the queen of the red carpet in mint green

She is always one to make a statement on the red carpet. And the star definitely had all eyes on her when she stepped out on Monday night to attend the British Fashion Awards




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British Fashion Awards 2019: Rihanna leads Fenty party departures

Rihanna was keeping the party going after the main event, leading the celebrity departures as she left her Fenty after-party at private members' club Laylow in London on Monday evening.




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Rihanna dances with pal Jahleel Weaver after British Fashion Awards win... before dropping the award

The Rude Boy artist was accompanied to the awards show by friend and collaborator Jahleel Weaver, who she recently thanked on Instagram, crediting him as her 'gusband' (gay husband).