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(Bloomberg) — PhosAgro PJSC, Russia’s biggest producer of phosphate fertilizer, is calling for the government to help mitigate potentially billions in losses for the country’s raw-materials producers if Europe introduces a carbon tax.



a close up of a snow covered mountain: Granules of monoammonium phosphate (MAP) sit inside a storage warehouse at the PhosAgro-Cherepovets fertilizer plant, operated by PhosAgro PJSC, in Cherepovets, Russia, on Wednesday, Aug. 9, 2017. Phosphate fertilizer prices may be supported in the 2H by "high season in India, pre-winter buying activity in the Northern hemisphere and risks of further potential production cuts in China," PhosAgro chief executive officer Andrey Guryev said in a statement.


© Bloomberg
Granules of monoammonium phosphate (MAP) sit inside a storage warehouse at the PhosAgro-Cherepovets fertilizer plant, operated by PhosAgro PJSC, in Cherepovets, Russia, on Wednesday, Aug. 9, 2017. Phosphate fertilizer prices may be supported in the 2H by “high season in India, pre-winter buying activity in the Northern hemisphere and risks of further potential production cuts in China,” PhosAgro chief executive officer Andrey Guryev said in a statement.

The European Union is looking at how a potential carbon tax could help meet its 2050 goal of climate neutrality. If imposed, the levy would hit imports, including raw materials and products produced in countries without duties on emissions, such as Russia. The European Commission, the bloc’s executive

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Warren Buffett wearing a suit and tie: Warren Buffett Getty Images


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Warren Buffett Getty Images

  •  Silver Lake is launching a 25-year investment strategy, The Wall Street Journal reported on Tuesday.
  • The private-equity giant is becoming even more like Warren Buffett with its longer investing timeframe.
  • Silver Lake has invested billions of dollars in Twitter, Airbnb, Expedia, and other businesses during the pandemic, similar to how Buffett handed cash to the likes of Goldman Sachs and General Electric during the 2008 financial crisis.
  • The firm has also emulated Buffett by lending money at lofty interest rates and securing equity warrants.
  • Visit Business Insider’s homepage for more stories.

Silver Lake pulled from Warren Buffett’s playbook when it injected cash into ailing companies during the coronavirus crash this year. The private-equity giant is emulating the famed investor once again with the launch of a 25-year investment strategy.

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Abu Dhabi’s sovereign-wealth fund, Mubadala, is acquiring a sub-5% stake in Silver

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