Warren Buffett's company Berkshire Hathaway has seen a growth of $2 billion in its profit in the second quarter. The company was not able to do well in the first quarter because of extreme weather conditions that hampered Berkshire's railroad operations. The profit earned by the company during the same period last year was $4.5 billion. But this year, the company earned nearly $6.4 billion in the second quarter, which is a rise of nearly $2 Billion.

Millions of people in South Sudan are at risk of catastrophic levels of hunger and suffering as the political crisis-hit citizens of the country are not able to return to their homes and plant crops, Oxfam International has warned.

The European Union’s statistics agency, Eurostat, reported on Wednesday that there was stagnancy in Europe’s labor market in November. But a ray of hope was offered by the retail sector, as surge was seen in sales during that period. But when it come to unemployment rate is concerned in Europe, it is 12.1%, which is a record high.

According to a latest report, the new Finance Minister Michael Spindelegger has recently confessed that Austria is about to target a structural budget deficit of about 1.5% of economic output next year. This will be done according to the Finance Minister in order to work towards a balanced and well as objective budget in 2016.