Anglo American has agreed to sell its Australian coking coal business for up to $3.875 billion in cash to UK-based Dhilmar Ltd. The deal includes an upfront payment of $2.3 billion and an earnout of up to $1.575 billion linked to coal prices over five years. This sale marks Anglo's exit from steelmaking coal and is part of its strategy to simplify its portfolio ahead of a planned merger with Canada's Teck. Completion is expected by early 2027, pending regulatory approvals, while Anglo pursues arbitration against Peabody Energy after a previous deal fell through.
Appaloosa, a hedge fund led by David Tepper, sold its entire stakes in Delta Air Lines, American Airlines, and United Airlines during the first quarter of 2026. This move comes as the airline industry faces soaring fuel costs driven by the Iran war, ...
For World Cup 2026, travel brands like Qatar Airways, American Airlines, and Airbnb are transforming fan engagement by focusing on access and movement across the three host countries. Qatar Airways handles international travel with premium packages, ...
