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FT News Briefing

A pivotal election for South Africa

May 29, 2024
11:54
Snipd AI
Hess shareholders approve Chevron takeover bid, South Africa's pivotal election, China's tech war dominance. Cyril Ramaphosa's leadership challenges, US-China tech dynamics, AI in business implications
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Podcast summary created with Snipd AI

Quick takeaways

  • HASS shareholders approved Chevron's bid, uncertainty looms with Exxon's response and FTC inquiry.
  • President Ramaphosa faces scrutiny over economic challenges in South Africa's competitive election, highlighting ANC's leadership struggles.

Deep dives

Chevron-HASS Deal Progresses Amid Uncertainty

The deal between Chevron and HASS has been a topic of uncertainty on Wall Street, keeping investors on edge. Although HASS shareholders approved Chevron's bid, the final outcome hinges on Exxon's response and a Federal Trade Commission inquiry.

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