Tuesday, October 4

Tag: DEPT

Jeff Bezos fund to push for Africa land restoration around U.N. climate summit

Jeff Bezos fund to push for Africa land restoration around U.N. climate summit

News
Oct 4 (Reuters) - Billionaire Jeff Bezos's environmental fund is seeking to build a coalition with African and European countries around this year's U.N. climate summit to add heft to land restoration efforts, its top official told Reuters.As next month's COP27 in Egypt approaches, the Bezos Earth Fund is championing a cause to begin reversing deforestation and land degradation on 100 million hectares in Africa by 2030, said Andrew Steer, the philanthropic organization's chief executive. The so-called AFR100 initiative is led by some African Union countries."African farmers are suffering appallingly from climate change," Steer said during the Reuters IMPACT conference in a session recorded last week. Restoration's goal would be reducing carbon in the atmosphere and "better incomes for f...
Tencent shifts focus to majority deals, overseas gaming assets for growth-sources

Tencent shifts focus to majority deals, overseas gaming assets for growth-sources

News
HONG KONG, Oct 1 (Reuters) - Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said.Tencent Holding Ltd (0700.HK) has for years invested in hundreds of up-and-coming businesses, mainly in the onshore market. It has typically acquired minority stakes and stayed invested as a passive financial investor.However, it is now aggressively seeking to own majority or even controlling stakes in overseas targets, notably in gaming assets in Europe, the four people with direct knowledge of the matter told Reuters.Register now for FREE unlimited access to Reuters.comRegisterThe shift comes as the world's...