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Warren Buffett Says That The World Depends on US and China For Progress

"The US and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long time," Buffett said.

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It is a better idea than spending that money on other companies which have the disadvantage of not being Apple, he added.
Warren Buffett, US billionaire and investor, wikimedia commons

US billionaire investor Warren Buffett said on Saturday that the world depends on the US and China for progress, dismissing concerns that the two countries’ trade tensions could potentially escalate into a trade war.

Buffett, chairman and CEO of Berkshire Hathaway, made the remarks in response to a Chinese investor’s question about US-China trade relations at the Berkshire Hathaway’s annual shareholders meeting, Xinhua reported.

“The US and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long time,” Buffett said.

US billionaire investor Warren Buffett said on Saturday that the world depends on the US and China for progress, dismissing concerns that the two countries' trade tensions could potentially escalate into a trade war.
US-China Meeting, wikimedia commons

“We have a lot of common interests, and like any two big economic entities, there are times when there’ll be tensions, but it is a win-win situation when the world trades,” the investor said.

Both Democrats and Republicans in the US believe in the benefits of free trade, he said.

The benefits of free trade are huge, and the world is dependent on it in a major way for its progress, Buffett said.

Also Read: Trump Wants Everything in America as He Promotes ‘America First’

The investor also implied that he is willing to invest more in China this year.

He is turning 88 this August, and eight, he said, is a very lucky number in China. This could be the time to acquire something in China, Buffett said.

Berkshire Hathaway currently has a stake in China’s automobile manufacturer BYD. Buffett said the investment “has being doing so well lately”. (IANS)

 

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Google Gives Up on US Carriers, will Roll Out its Own RCS Chat System

Plus, you'll get better group chats, with the ability to name groups, add and remove people to and from groups, and see if people haven't seen the latest messages

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Google, US, RCS
With RCS on Android, when you and your friends message each other with new chat features, you can chat over Wi-Fi or mobile data, send and receive high-resolution photos and videos, and see if people have received your latest messages. Pixabay

Tired of dilly-dallying at the end of US telecom carriers, Google has announced to roll out its own Rich Communication Services (RCS) on Android that will replace the traditional SMS text messaging with more useful chat features.

“To make your conversations more seamless, we’ve worked on upgrading traditional SMS text messaging with more useful chat features, powered by RCS (Rich Communication Services),” Google said in a statement on Thursday.

With RCS on Android, when you and your friends message each other with new chat features, you can chat over Wi-Fi or mobile data, send and receive high-resolution photos and videos, and see if people have received your latest messages.

“Plus, you’ll get better group chats, with the ability to name groups, add and remove people to and from groups, and see if people haven’t seen the latest messages,” informed Google.

Google, US, RCS
To make your conversations more seamless, we’ve worked on upgrading traditional SMS text messaging with more useful chat features, powered by RCS (Rich Communication Services). Pixabay

Earlier this year, Google enabled the ability for anyone in the UK, France, and Mexico to get chat features in Messages.

Users of Google’s app will eventually see a notification to “Do more with Messages,” and then they’ll be able to “enable chat features” which is RCS.

Chat features are already available for some in Google Messages, and are being broadly rolled out in the US.

“If you already have Messages, you’ll also be prompted to enable chat features in the coming weeks. If you don’t have Messages, you can download it on the Play Store. We expect this service to be broadly available in the US by the end of year,” said the company.

Also Read- India Second to US in Demanding Facebook User Data, Requests Up by 37%

Google said it is committed to working with its partners, including carriers and device makers, to provide a consistent and interoperable experience for everyone on Android.

RCS is a communication protocol between mobile telephone carriers and between phone and carrier, aiming at replacing SMS messages with a text-message system that is richer and can transmit in-call multimedia. (IANS)