ECB President LAGARDE said she hopes legislation for a digital euro will be completed this year.

UK transport minister said last week's disruption was completely unacceptable and the government must urgently determine why the fault was not identified and fixed before it caused widespread disruption. The minister said ensuring national infrastructure is resilient and adapted for future demands is vital.

Warren Buffett, 96, said in a shareholder letter he will relinquish the chairmanship of Berkshire Hathaway (BRK.A, BRK.B) and become honorary chairman effective immediately, while remaining a board member. Under the company’s long-standing succession plan, Howard Buffett will succeed him as chairman; Susan Decker will remain lead independent director. The move follows Greg Abel’s promotion to CEO about nine months ago, when Buffett retained the chairman role.