Samsung executives jailed over destruction of evidence in fraud case December 9, 2019 Eight employees of Samsung affiliates have been found guilty of destroying evidence by a South Korean court, in a case linked to allegations of a $3.9bn accounting fraud suspected to be part of a plot to cement the control of the company’s founding family. Three Samsung Electronics executives were handed jail sentences of up to [...]
Samsung Galaxy S20 Ultra impressions: A groundbreaking camera with a 100x zoom lens February 12, 2020 Cameras have long been the battleground on which top phones have proven themselves. Just look at how the advertising has evolved over the years: televisions and billboards are now plastered with video and photographs shot on Apple, Google and Samsung phones. The physical devices themselves? Almost an afterthought by comparison. Where manufacturers once fought to [...]
LG and General Motors team up to build new $2.1bn battery plant in the US January 25, 2022 LG Chem has announced that its energy division will join forces with General Motors to build a $2.1bn battery plant in the US.
Battery giant LG Energy attracts £59bn in IPO bids as it looks to triple capacity January 11, 2022 South Korean battery maker LG Energy Solution's $10.7bn (£7.9bn) initial public offering (IPO) has received bids worth around $80bn (£59bn) from institutional investors, two sources with direct knowledge of the deal said.
EU to probe Nvidia’s $54bn ARM bid after concessions fail to allay concerns October 12, 2021 US tech company Nvidia’s $54bn bid for British chip designer ARM is set for a prolonged EU antitrust investigation. Concessions offered last week failed to address competition concerns, three people familiar with the matter said. This will be the second setback for the California-based tech firm after the UK’s watchdog warned the deal could damage [...]
In Defence of Capitalism: Why Nokia and MySpace lost their monopolies April 6, 2023 Each week, Dr Rainer Zitelmann mythbusts the arguments against capitalism. This week, it’s the idea that capitalism creates monopolies – but looking at Nokia and MySpace amongst others suggests otherwise In an international survey on popular perceptions of capitalism, which I commissioned for the book In Defence of Capitalism, one of the main criticisms levelled [...]
Planet Crypto: Michelangelo to burn artwork, mint NFTs instead October 28, 2022 After chatting with Damien Hirst about burning NFTs, the Planet Crypto team meet Michelangelo - it's all a bit of fun!
Laws, funds and CEOs: UK tech to see big changes in 2023 December 22, 2022 In 2023, London’s tech sector will see some big changes. From change in Vodafone leadership to the Online Safety Bill, here is a look ahead to the five big City stories to watch out for. Online Safety Bill As part of a move to a safer internet, the UK government is pressing for a comprehensive [...]
FTSE 100 today: London markets set to extend rally; US Fed decision, Apple, Amazon earnings in spotlight April 29, 2024 Asian shares rose alongside their US counterparts, with Hong Kong equities extending a rally for the sixth straight day. The Japanese yen plunged below ¥160, but authorities did not intervene due to the holiday, while oil and gold prices dropped. The focus remained on upcoming earnings reports from tech giants Apple and Amazon, along with the Fed meeting and jobs data.
Diaries of a fund manager: Jack Hsiao on running a multi-billion pound investment giant January 13, 2023 As 2023 gets under way, the spotlight is firmly on the City and on its fund managers. What will be their next move? How and where do they find inflation-busting assets? Are they opting for more risk or playing it safe? City A.M. checked in with fund manager Jack Hsiao, he is a managing director [...]