BHP Group Ltd. has made an approach to acquire rival Anglo American Plc, according to people familiar with the matter, though the offer has already been rebuffed as inadequate. Any renewed pursuit would mark one of the mining industry’s biggest takeover attempts in years, potentially reshaping the global commodities landscape.
In China, Alibaba Group Holding Ltd. is chalking up early wins with the relaunch of its Qwen AI app, which has surpassed 10 million downloads in its first week—another sign of intensifying competition among the country’s tech giants in consumer-facing AI.
Diplomatic efforts around the war in Ukraine are also accelerating, as stakeholders race to refine a 28-point US-drafted peace framework in hopes of making it acceptable to all parties involved, people close to the talks said.
Saudi Aramco is preparing to raise as much as $10 billion through asset sales, Bloomberg reported, as the world’s largest oil producer seeks to bolster its balance sheet and fund diversification efforts.
Fintech heavyweight Revolut Ltd. has raised fresh capital at a valuation of roughly $75 billion—up sharply from $45 billion in its prior funding round—cementing its status as Europe’s most valuable startup and underscoring renewed investor appetite for high-growth digital finance platforms.
European equities edged 0.2% higher, lifted by gains in Germany and Spain, while France lagged. With Japanese markets closed for a holiday, Hong Kong’s Hang Seng advanced nearly 2%. US equity futures pointed to modest gains ahead of the open.
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