South Korean court denies arrest warrant request for Samsung leader June 8, 2020 A court in South Korea has today denied a request for an arrest warrant for Samsung Group heir Jay Y. Lee, after prosecutors sought to charge him with accounting fraud and stock manipulation. Prosecutors had requested an arrest warrant for Lee last week as part of a probe into a controversial 2015 merger of two [...]
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 [...]
Bitcoin’s Price Drops Amid Rumors That Satoshi Moved Coins May 26, 2020 The price of bitcoin (BTC) came close to the $10,000 mark earlier this week but started dropping after blockchain data revealed an early BTC miner moved the rewards it received from a block mined back in 2009. The cryptocurrency has since dropped to $8,780. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week [...]
Former Channel 4 executive launches flexible working creative agency Soursop April 22, 2020 A former Channel 4 and Vice executive has today launched a new creative agency built on a model of flexible and remote working. Soursop will hire staff around the world to work on projects for brands across editorial, advertising, film and TV. The company has secured Samsung and Nike as founding clients and has already [...]
Imagination Technologies boss poised to quit over China Reform raid April 6, 2020 The boss of Imagination Technologies is reportedly on the brink of resigning as a state-owned Chinese company attempts to seize control of the board. Chief executive Ron Black, who has run the firm since December 2018, has signalled his intention to quit in protest at China Reform’s move to appoint four new directors, according to [...]
How coronavirus could cause a global recession February 28, 2020 Covid-19 has dominated news headlines since mid-January. The human and social costs have been heavy, disrupting the normality of life primarily in China but also around the world. Now the recent outbreaks in Italy, Iran and South Korea have ignited fears of a global pandemic, and in response major equity indices have plummeted by nearly [...]
Is the flip-phone making a comeback? February 27, 2020 Cancelled due to coronavirus fears, Mobile World Conference was scheduled to be taking place in Barcelona this week. But despite the cancellation of the conference itself, the event continues to be the industry’s leading stage for product announcements online, with manufacturers who had been primed to reveal new devices instead turning to livestreams and remote [...]
America has few options to take on Huawei in a 5G fight February 25, 2020 Washington has long maintained that Huawei is a national security threat. It says the company is a risk because China could use its equipment to spy on citizens. Huawei has repeatedly denied those accusations. Under Donald Trump’s presidency, the US has sought to convince countries to ban Huawei outright from next-generation mobile networks known as [...]
HP doubles down on share buybacks as it defends against Xerox February 24, 2020 HP said today it would step up efforts to slash costs and buy back stock, as it seeks investor support to defend against a $35bn (£27bn) takeover offer from US printer maker Xerox. The announcement came after Xerox raised its cash-and-stock bid for HP earlier this month by $2 to $24 per share, ahead of [...]
Fund managers snap up luxury brands on coronavirus dip February 23, 2020 Leading fund managers are buying millions of pounds of shares in luxury brands after significant falls triggered by the coronavirus outbreak. Fund manager Nick Train, along with bosses from Rathbone Brothers, Jupiter and BNY Mellon, are taking advantage of the dip according to the Sunday Times. Train, who manages the Lindsell Train UK Equity fund, [...]