The merged firm also will sell specialty policies to businesses, as well as life and accident-and-health coverage.

Axis Capital Holdings has agreed to merge with Dublin-headquartered PartnerRe, combining two reinsurers with a total market value of almost $11 billio(...)

Billionaire Jack Ma,  the 50-year-old founder of China’s biggest e-commerce company Alibaba, saw added $25bn to his fortune.  (Photograph: Ashley Pon/Bloomberg)

The richest people on Earth got richer in 2014, adding $92 billion to their collective fortune in the face of falling energy prices and geopolitical t(...)

Duracell a “brilliant move” for Berkshire, analyst says  Photograph: Bloomberg

Warren Buffett’s Berkshire Hathaway said it would buy Procter & Gamble’s Duracell battery unit in a stock swap, taking over a business the billion(...)

Planet Business

Image of the week: Hard Times Tavern Bitter about the budget? Water charges leaving a nasty taste in your mouth? A drink or several at the Hard(...)

Milestone Aviation prospered on the trend towards more marginal locations in exploration industries.

It looks like Richard T Santulli has done it again. Some 30 years ago the US entrepreneur pioneered the concept of time-share or “fractional” leasing(...)

Warren Buffett has admitted his Tesco investment was an error

Billionaire investor Warren Buffett said his investment in Tesco Plc was a “huge mistake,” as the supermarket leader’s share price remains close to a(...)

A policeman works in heavy smog in Harbin, in northeast China’s Heilongjiang province. Photograph: STR/AFP/Getty Images

Breakneck economic growth and widescale urbanisation of recent years has transformed China into the world’s biggest emitter of greenhouse gases, and c(...)

Wang Chuanfu, chairman of BYD, a Chinese electric-car maker partially owned by Warren Buffett’s Berkshire Hathaway, described the  recently introduced  beneficial policies for EVs as “unprecedented”. Photograph: Brent Lewin/Bloomberg

China is considering providing 100 billion yuan (€412 billion) in government funding to build electric-vehicle (EV) charging facilities and spur deman(...)

Berkshire Hathaway chief executive Warren Buffett.  Photograph: Reuters/Rick Wilking

Warren Buffett has defended his involvement in a controversial tax inversion deal that will transfer Burger King’s headquarters to Canada as part o(...)

Burger King Worldwide plans to buy Canadian coffee and doughnut chain Tim Hortons in a deal worth €8.74 billion in cash and stock. Photograph: AP Photo/The Canadian Press, Sean Kilpatrick
Burger King eyes up Tim Hortons

Burger King Worldwide plans to buy Canadian coffee and doughnut chain Tim Hortons in a C$12.64 billion (€8.74 billion) cash-and-stock deal that would (...)