The World Bank abandoned plans to launch a fresh set of pandemic bonds for developing countries after widespread criticism

The World Bank has scrapped plans to issue a second set of pandemic bonds for the relief of developing nations suffering from the COVID-19 outbreak, according to the Financial Times. When the coronavirus began to spread around the world in April this year, the bank triggered roughly $133 million in aid to developing nations battered by the outbreak. But its efforts have been met with criticism on grounds that the amount pales in comparison to what is actually needed to limit contagion. The World Bank has previously called these specialized bonds one of its critical tools to facilitate financial lending. Visit Business Insider’s homepage for more stories. The World Bank… Read More

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Warren Buffett’s Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets

Warren Buffett’s Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy’s natural gas transmission and storage business. Berkshire’s energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets. “We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business,” Buffett said in a press release on Sunday. The deal is Berkshire’s biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was panned for his inactivity during the pandemic. Visit Business Insider’s… Read More

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Israel’s prime minister wants to annex parts of the West Bank, a controversial scheme encouraged by Trump but hated by everyone else. Here’s what his plan is.

Israeli Prime Minister Benjamin Netanyahu has proposed annexing a significant portion of the West Bank, a disputed landlocked territory both Israelis and Palestinians assert claims to. In recent discussions, Netanyahu has reportedly floated the idea of annexing 30% of the West Bank, along with other options including “a more symbolic annexation of a small amount of land.” On Tuesday, Netanyahu said he would continue working on the annexation plans “in the coming days.” International observers say that Israel’s annexation of land in the disputed territory would violate international law. According to The New York Times, Netanyahu is hoping to win the Trump administration’s approval before going ahead with plans, in… Read More

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In the white world of gardeners and farmers, growing food feels like a radical act

An organic food grower based in East Sussex writes of the racism she has experienced in her seven years working with nature. We watched long-tailed tits skip from branch to branch of a holly bush. We paused with held breath, unsure whether they were yet to sense our presence or were paying us no mind. Snub-beaked fluff balls with elegant tails, the rose blush of their bellies visible in brief glimpses afforded by the moments of sunlight breaching the woodland canopy. These woods are all verdure and luminosity. Silhouettes of leaves perform like shadow puppets on the path as we pilgrims pass through gently in holy silence. It is temple,… Read More

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10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say. Sources told Bloomberg and The New York Times that the all-stock deal could be announced as soon as Monday. A group of European digital advertising groups on Friday criticized Apple’s plans to require apps to seek additional permission from users before tracking them across other apps and websites. Apple last week disclosed features in its forthcoming operating system for iPhones and iPads that will require apps to show a pop-up screen before they enable a form of tracking commonly needed to show personalized… Read More

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Here’s an exclusive look at the pitch deck robot startup BotsAndUs used to raise $2.5 million

UK-based robot startup BotsAndUs has raised £2 million ($2.5 million) from VC investors Kindred Capital and Capnamic Ventures. The company secured its first institutional funding round during coronavirus amid an increase in demand and enquiries for its services. “COVID-19 has pushed autonomous tech into spotlight and it’s ready to be deployed in these dynamic areas and we can benefit from it,” BotsAndUs CEO and cofounder Andrei Danescu told Business Insider in an interview. “People have snapped out of their uncertainty with covid and realised the potential of robots which has accelerated everything.” Visit Business Insider’s homepage for more stories. Robotic automation startup BotsAndUs is hoping that the reopening of public… Read More

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