Tag: Indonesia
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It’s a big election year around the world. Here’s where the pros are watching
2024 is set to be a major election year, with over 75 countries heading to the polls. The Economist Intelligence Unit says that more than four billion people — or over half of the world’s population — live in countries with elections expected this year. These range from the U.K. and the U.S., to Russia,…
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Santa Claus rally is in trouble, may signal weaker stocks
The Santa Claus rally is in trouble. That’s the tendency for the stock market to rise on the last five days of the old year, and the first two days of the new year — typically good for a gain of 1.3%, and historically the best seven-consecutive-day period of the year. But not so far. With…
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Economy, Gaza war and China ties dominate
Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period…
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SAP to pay more than $230 million to settle bribery charges: DOJ & SEC
Christian Klein, CEO of the software company SAP, stands on the podium looking at his cell phone before the start of the company’s Annual General Meeting. Uwe Anspach | Picture Alliance | Getty Images SAP, the $192 billion German enterprise tech company, will pay more than $230 million to settle investigations into worldwide “recidivist” foreign…
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Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…
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More bodies found after sudden eruption of Indonesia’s Mount Marapi, raising confirmed death toll to 22
Family members carry the body of Muhammad Alfikri, 19, a Mount Marapi eruption victim, in Bandar Buat, Padang, West Sumatra province, Indonesia, December 5, 2023, in this photo taken by Antara Foto. Antara Foto | Via Reuters Rescuers searching the hazardous slopes of Indonesia’s Mount Marapi volcano found 11 more bodies of climbers who were…
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Mount Marapi erupts in Indonesia; no immediate reports of casualties
BUKITTINGGI, Indonesia: On December 2, Mount Marapi in West Sumatra province, Indonesia, erupted, sending hot ash clouds several miles (kilometers) away and spewing white-and-gray ash plumes more than 3,000 meters (9,800 feet) into the air. In a statement at the Marapi monitoring post, Ahmad Rifandi, an official with Indonesia’s Volcanology and Geological Hazard Mitigation Center,…