BHP Drops $60 Billion Anglo-American Deal Due to Market Instability and Regulatory Challenges
- China's Zhao Leji urged NZ economic ties in green energy/digital sectors during landmark visit, aligning with Beijing's five-year plan. - BHP abruptly canceled $60B Anglo-American merger due to volatile markets and regulatory hurdles, reversing 2024 proposal. - Modi praised G20 outcomes as global cooperation milestone, highlighting bilateral engagements with Japan/Italy leaders. - Snapchat introduced bank-linked age verification in Australia to comply with social media restrictions ahead of fines. - Cryp
During a historic visit, Zhao Leji, China's third-highest official, advocated for deeper economic ties with New Zealand, highlighting green energy, digital technology, and infrastructure as priority sectors for cooperation
Elsewhere, global financial markets responded to a significant corporate development as
In Asia, Indian Prime Minister Narendra Modi
Separately, in Australia, regulators saw Snapchat (SNAP) roll out a bank-integrated age verification feature to meet upcoming social media regulations
Cryptocurrency markets experienced renewed volatility as Strategy, a Bitcoin-centric company, joined others in urging a boycott of JP Morgan over proposed changes to the MSCI index
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