BBB Ep 36 - Oil again drops sharply because Russia beating sanctions; BHP profit boom highlights Anglo's coal blunder; WeWork 2.0; US retailers up, ho..

Russian oil is getting through to users despite Western sanctions, a reality that's starting to dawn on the market and analysts with Barclays yesterday joined Goldman Sachs in sharply dropping its oil price forecast. A record dividend declaration by BHP in its annual results released yesterday highlighted Anglo American's coal blunder. The 26% bottom line surge at 'The Big Australian' was solely due to the higher contribution from its booming coal interests - Anglo bowed to ESG-driven pressure to offload its coal assets through JSE listed ten-bagger Thungela. Also in this episode, quarterlies from US retailers surprise on the upside; lower US housing starts show the market is cooling; and venture capital legend Marc Andreessen invests $350m into the latest business idea floated by WeWork founder Adam Neumann, confirming an unlikely comeback by the Israeli serial entrepreneur.Not much Good at all about De Lille’s Public Works shambles How world sees SA: What happened to Mandela’s dream?The chickens are coming home to roost for Pfizer Learn more about your ad choices. Visit megaphone.fm/adchoices