Tag: United States
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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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Spending and ethics in focus
TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok’s latest venture into e-commerce has emerged at the forefront. For some, it means weighing the convenience of mobile shopping and often low…
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5 things to know before the stock market opens Tuesday, September 5
Here are the most important news items that investors need to start their trading day: 1. Stocks slip Stock futures were slightly lower Tuesday to start the trading week. Futures tied to the Dow Jones Industrial Average were down 8 points, or less than 0.1%. S&P 500 futures slid 0.1%, while Nasdaq 100 futures fell 0.3%. Those moves come after…
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Myanmar won’t be allowed to lead ASEAN in 2026, in blow to generals
Philippine’s President Ferdinand Marcos, Singapore’s Prime Minister Lee Hsien Loong, Thailand’s Permanent Secretary of the Ministry of Foreign Affairs Sarun Charoensuwan, Vietnam’s Prime Minister Pham Minh Chinh, Indonesia’s President Joko Widodo, Laos’ Prime Minister Sonexay Siphandone, Brunei’s Sultan Hassanal Bolkiah, Cambodia’s Prime Minister Hun Manet, Malaysia’s Prime Minister Anwar Ibrahim and East Timor’s Prime Minister…
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Central banks in Asia could soon diverge from the Federal Reserve: Nomura
A food stall in Gwangjang Market in Seoul as South Korea’s central bank is seen to be among the first in the region to cut its benchmark interest rate. Francois Lochon | Gamma-rapho | Getty Images Central banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted. A dovish…
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Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race
Sony Honda Mobility CEO Yasuhide Mizuno speaks at a news conference in Tokyo, on Oct. 13, 2022. Sony and Honda’s joint mobility venture unveiled a new EV prototype in January. Kiyoshi Ota | Bloomberg | Getty Images Japan is gearing up to be a larger player in the EV space by signing a critical minerals…
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Blinken to embark on a high-stakes trip to China
U.S. Secretary of State Antony Blinken speaks at the American Israel Public Affairs Committee annual policy summit on June 5, 2023 in Washington, DC. Chip Somodevilla | Getty Images Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The…
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Electric car sales surged by 55% in 2022 to hit over 10 million: IEA
Electric vehicles from Tesla photographed in China. The world’s second largest economy is a major player when it comes to the sale of electric vehicles. Vcg | Visual China Group | Getty Images Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to…
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Does being a digital nomad save money? It depends on where you go
Sipping a cold pint of beer in Budapest can cost $2. Dinner for two in a pub in Prague? About $22. And a month’s rental for a sleek studio apartment in the center of the Portuguese city of Porto can set you back $650. With these sorts of living costs, it’s no surprise that many are…
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Indonesia says economy is more resilient to absorb inflation shocks
Indonesia is taking steps to make its economy more resilient so it can withstand global shocks like inflation, especially from the United States, said Finance Minister Sri Mulyani Indrawati. As the world’s largest economy, what the U.S. does has strong implications worldwide, including Indonesia, said the minister. To fight inflation, the U.S. has hiked interest…