Tag: Investors
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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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TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business
TikTok’s logo is displayed on a mobile phone screen in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Images TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two…
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Southeast Asia looks to renewable power for energy security
The floating solar photovoltaic power plant by EDPR Sunseap Group, a unit of Energias de Portugal SA, in Woodlands, in Singapore, on Wednesday, Dec. 7, 2022. Bryan van der Beek | Bloomberg | Getty Images Southeast Asia is home to some of the world’s fastest-growing economies. As energy demand grows, the region is turning to…
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Cocoa farmers face mounting challenges as El Nino rages on
A woman spreads cocoa beans during the sun-drying process in the backyard of her house in Asikasu, Ghana on December 19, 2020. Cristina Aldehuela | Afp | Getty Images El Nino is here to stay — and that’s bad news for cocoa crops which are highly sensitive to weather changes. Frequent extreme weather events caused…
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Oil prices fall ahead of more central bank steers on interest rates
This aerial photo shows the Enping 15-1 oil platform 200 km southwest of Shenzhen, south China, May 31, 2023. Mao Siqian | Xinhua News Agency | Getty Images Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and…