Samsung heir back in prison for bribery scandal January 18, 2021 Samsung heir Lee Jae Yong has been sentenced to two and a half years in prison by a high court in South Korea on Monday. Lee, 52, was found guilty of bribing an associate of former president Park Geun-hye and jailed for five years in 2017 but was released after 12 months. The Supreme Court [...]
Samsung tycoon’s family to sell off art as it faces $11bn inheritance tax bill April 28, 2021 The family of Samsung’s late chairman Lee Kun-hee will donate a vast art collection as it faces a $10.8bn (£7.7bn) inheritance tax bill on his estate following his death last year. Lee, who is credited with transforming the South Korean company into the world’s largest smartphone and memory chip maker, died in October at the [...]
The 90s called: Flip phones forecast to be worth near $50bn by 2027 as analysts watch for an Apple model August 1, 2023 Foldable smartphones are sparking a renaissance of the iconic flip phone from the 90s, with the market forecast to be worth nearly £50bn in the next four years. According to Expert Market Research, the foldable smartphone market reached almost $16.5bn (£12.8bn) in 2022 and is expected to soar to $60bn (£46.6bn) by 2028. Global foldable [...]
London tech firm unveils first UK smartphone in five years March 23, 2022 London-based tech firm Nothing has announced plans to launch the first UK smartphone in five years as it looks to challenge the dominance of Apple and Samsung.
FTSE 100 today: London stocks brace for muted trading amid risk-averse sentiment; all eyes on US jobs data for guidance April 5, 2024 Wall Street's sharp decline led to a ripple effect, with Asian stocks following suit. Meanwhile, oil prices surged amid escalating Middle East tensions, while gold pulled back. All eyes now turn to the US jobs report and U.K. housing prices for further market direction.
New Google Pixel 8 phones suggest step forward, say analysts October 4, 2023 A trickle of leaks and teasers had already primed expectations for Google’s launch of its new Pixel 8 and Pixel 8 Pro phones, as well as Pixel Watch 2 and Pixel Buds Pro. At an event live-streamed from New York on Wednesday, the tech giant said its new Pixel phones have brighter screens, upgraded cameras [...]
Google ploughs $1.5 billion into crypto and blockchain companies August 21, 2022 Google has been quietly shovelling a massive $1.5 billion into cryptocurrency and blockchain companies for almost a year.
UK culture sec urges Olympic partners like Coca-Cola and Visa to back Russia athlete ban March 11, 2023 The UK’s culture secretary has written to sponsors of the Olympics including Coca-Cola and Visa urging them to back a ban on Russian and Belorussian athletes. Lucy Frazer addressed the letter to the CEOs of the International Olympic Committee’s (IOC) Worldwide Partners, which include Coca-Cola, Intel, Samsung and Visa. The letter to CEOs comes after [...]
Decision looms on second arrest of Samsung boss on fraud allegations June 8, 2020 A South Korean court is expected to rule today on whether to arrest Samsung Group leader Jay Y. Lee on new allegations including accounting fraud and stock manipulation, two years after completing his last jail sentence. Prosecutors requested an arrest warrant for Lee last week as part of a probe into a controversial 2015 merger [...]
Samsung wins $6.6bn US 5G tech deal as Huawei tensions simmer September 7, 2020 Samsung Electronics today said it has won a $6.6bn deal with telecoms giant Verizon to provide wireless communications equipment for 5G in the US. The South Korean electronics magnate is benefiting from a gap in the market left by Chinese rival Huawei, analysts have said, which is banned from working with US companies by the [...]