FT News Briefing

Will investors buy Anglo American’s break-up plan?

May 15, 2024

10:27

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US encouraging Arab states to join postwar force in Gaza, Anglo American plans breakup to avoid £34bn BHP bid, US raises tariffs on Chinese imports, Singapore's new PM faces challenges

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Quick takeaways

US and Arab states considering multinational force in Gaza post-war to stabilize region temporarily

Anglo American plans breakup to create shareholder value and address critical industry issues like copper scarcity for energy transition

Deep dives

US and Arab States Discussing Multinational Force in Gaza

The US and some Arab states are considering deploying a multinational force in Gaza post-war in order to stabilize the region temporarily until a more credible Palestinian security group can take over. Countries like Egypt, the UAE, and Morocco are involved in talks, with a condition that includes having American troops participate, a point on which President Joe Biden disagrees. While some Israeli officials support the idea, Prime Minister Benjamin Netanyahu is resisting it.

Introduction

2min

Anglo American's Proposed Breakup Plan and Value Creation Strategy

2min

Strategic Moves in the Mining Industry and Singapore's Leadership Transition

5min

Singapore's People's Action Party Faces Electoral Challenges

3min

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out.

Mentioned in this podcast:

US encouraging Arab states to join multinational postwar force in Gaza

Anglo American plans break-up to thwart £34bn BHP bid

US sharply raises tariffs on Chinese EVs and semiconductor imports

Lawrence Wong, Singapore’s next PM faces an ever trickier balancing act

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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