BHP rekindles pursuit of Anglo American with new approach

BHP has made a renewed bid approach to acquire Anglo American, as reported by Bloomberg News. This development indicates BHP's ongoing interest in expanding its influence in the mining sector, particularly amidst fluctuating market conditions.

Jersey has been identified as a tax haven that facilitated the movement of wealth from oligarchs like Roman Abramovich into the West, with the UK government's tacit approval prior to Russia's invasion of Ukraine. Court documents reveal that the island's financial secrecy has played a significant role in attracting these individuals over decades.

An increase in property down valuations, particularly in London and the south-east, is causing significant disruptions in the housing market, with some homes being valued at 10% or more below the agreed sale price. Mortgage experts warn that this trend is 'turning deals and lives upside down.'

Clifford Chance, a leading law firm, is cutting approximately 50 back-office roles in London, representing a 10% reduction in its business services staff. The firm cites the increased use of artificial intelligence as a key factor in this decision. Additionally, PwC has indicated that AI may lead to fewer hiring opportunities within their organization as well.