Economy
BHP launches $38.8 billion takeover bid for rival Anglo American
Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector. Its longtime rival Anglo American has a market value of about $36 billion.
The Myanmar 'water brothers' salvaging shipwrecks on the tide
Diving into the darkness of the Yangon River, Than Nyunt starts another murky sortie in his months-long mission to salvage a sunken ship using the power of the moon. He says he has salvaged around 40 ships, from cargo boats to passenger ferries, since he started diving over four decades ago.
Asian markets mixed as global rally stalls, eyes on yen
Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far. Tech titans Microsoft and Alphabet are due to report later in the day.
Tough times for Argentine factories as consumers penny-pinch
Argentina's factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods. In February, Argentina's economic activity slumped for a fourth straight month as self-described "anarcho-capitalist" President Javier Milei's budget-slashing plans took hold.
Car giants vie for EV crown at Beijing's Auto China show
Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad. Beijing's Auto China show, which lasts until May 4, will see dozens of firms square off in a bid to draw customers at one of the country's biggest car shows.
Strong fleet sales offset electric losses at Ford
Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.
Mass cancellations loom despite French air union cancelling strike
Hundreds of flights were cancelled at French airports Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay.
We're working on a blueprint to support the apprenticeship style of trading, says FG
The Nigerian government said that it will develop a scheme to replicate the Igbo apprenticeship style of trade across the country to create and transfer wealth.
France's Casino supermarket chain to axe up to 3,200 jobs
French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky. That ended with the arrival in March of Kretinsky at the head of a group of main creditors who oversaw a debt restructuring deal.
Economy
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