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Guy Hands, founder and chairman of British private equity firm Terra Firma, is leading a management buyout bid for Consolidated Pastoral, a giant Australian cattle company owned by ... Terra Firma.

Why it matters: This seems to be self-dealing out of desperation, not out of greed. Terra Firma has spent more than a year trying to sell Consolidated Pastoral for A$1 billion, but only found interest in select lands — ultimately agreeing to sell off around 40% for A$310 million.

  • Hands now personally wants to buy the rest for over A$600 million, with the help of company management and undisclosed investors that are expected to include some Australian pension funds.

The bottom line: "The new buyout proposal would see Mr Hands and CPC's management take over the remaining 3.5 million hectares of land and 300,000 head of cattle across northern Australia, as well as two feedlots in Indonesia." — Daniel Fitzgerald, ABC

Go deeper

Hispanic Heritage Month: Gracias, México, for color TVs

The patent diagram (left) from Guillermo González Camarena's chromoscopic adapter, and he and the engineer (right inspecting TV equipment around 1955 in Mexico City. Photos: U.S. Patent Office and Instituto Nacional de Antropología e Historia de México

Credit Mexican engineering and entrepreneurship for developments that led to the in color television, oral contraception and finding a way to help mend the ozone layer.

Why it matters: The contributions helped modernize how we could see the world; improve women's health and expand women's roles beyond the home; and identify dangerous emissions and how to reduce them.

Ipsos poll: Support growing for abortion rights in Latin America

Members of feminist groups in Saltillo, Mexico, after the decriminalization of abortion was approved in Coahuila, Mexico. Photo: Antonio Ojeda/Agencia Press South/Getty Images

Support for abortion rights in some Latin American countries has jumped considerably since 2014, with Argentina seeing the biggest shift, an Ipsos poll finds.

The big picture: The view that abortion should be permitted at least under certain circumstances is held by a majority of adults surveyed in Argentina, Brazil, Chile, Colombia, Mexico and Peru.

Biden claims "era of relentless war" is over in first UN speech

Photo: Eduardo Munoz/PoolL/AFP via Getty Images

Addressing the UN General Assembly for the first time since taking office, President Biden laid out his vision for how the U.S. will confront what he characterized as a "decisive" next decade in human history.

Why it matters: In the face of unprecedented global challenges — the pandemic, climate change, rising authoritarianism — Biden made a case for multilateralism, democratic values, the rule of law and empathy for common struggles.