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Month: March 2022

Berkshire’s $11.6B Alleghany deal expands insurance business

By MICHELLE CHAPMAN and JOSH FUNK AP Business Writers Warren Buffett’s Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately $11.6 billion. The acquisition will expand Berkshire’s already considerable insurance holdings that include brands like Geico auto insurance, and put some of Berkshire’s nearly $147 billion in cash to work.

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UN chief: Don’t let Russia crisis fuel climate destruction

By FRANK JORDANS Associated Press BERLIN (AP) — The head of the United Nations says countries scrambling to replace Russian oil, gas and coal supplies with any available alternative may fuel the world’s “mutually assured destruction” through climate change. U.N. Secretary-General Antonio Guterres said the ‘all-of-the-above’ strategy pursued by major economies to end fossil fuel

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