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Businessman Warren Buffett has given an upbeat assessment of the US’ ability to withstand crises.
The 89-year-old Buffett spoke at Berkshire Hathaway Inc’s annual meeting in Omaha, Nebraska, which was held virtually for the first time, without shareholders, because of the pandemic. The meeting was streamed by Yahoo Finance.
Saudi Arabia is to isolate an industrial area of the eastern city of Dammam from Sunday, preventing entry and exit until further notice, to curb the spread of coronavirus, the state news agency has said.
Freight shipments will be able to come and go from the area, Dammam Second Industrial City, SPA said, citing an interior ministry official. The decision allows vital factories to operate at a third of their capacity, SPA added.