International News
BHP Drops Pursuit of Anglo American as Focus Shifts to Internal Growth
BHP Group has officially withdrawn from its renewed bid to acquire Anglo American — the parent company of De Beers — ending the latest chapter in a long-running takeover saga.
In a statement released Monday, the Melbourne-based mining giant said that although merging with Anglo American would have delivered “strong strategic advantages,” it now plans to prioritize the significant opportunities within its own organic growth pipeline.
This marks BHP’s second failed attempt to buy Anglo after last year’s offer, which preceded Anglo American’s decision to pursue a merger with Canada’s Teck Resources. Shareholders of both companies are slated to vote on that deal on December 9.
Despite the upcoming merger, Anglo American has reaffirmed its intention to divest De Beers, a strategy it says will remain unchanged under the new combined entity.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
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US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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International News17 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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National News11 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
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National News11 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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New Premises12 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
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