Business
Samsung chief Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates. The acquittal comes as a major relief to the chairman of Samsung Electronics, who has been embroiled…
On February 4, 2004, a Harvard University undergrad named Mark Zuckerberg introduced TheFacebook.com, a social networking site for his fellow students. Twenty years after its launch, social media giant Facebook continues to show unprecedented staying power after burying early competitors like MySpace and Friendster and establishing a distinct foothold in…
As with many Target trips, Nevada US history teacher Tierra Espy left the store with more items than she intended to buy on Sunday. She added a magnetic activity book about iconic Civil Rights leaders to her cart, in time for Black History Month, she told CNN in a phone…
For the first time, an advertising company that worked on Purdue Pharma’s OxyContin account has settled a lawsuit that accused it of falsely marketing opioids as safe. Publicis, a French marketing company, agreed to pay $350 million within the next two months and will not take on any more opioid…
Stay informed with free updatesSimply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox.India’s surging stock market is fuelling a rush of initial public offerings, but some investors are becoming worried about the poor performance of many of Mumbai’s listings. Investors and analysts…
Disney is banning password sharing on its streaming services, following in the footsteps of competitor Netflix. In an email to Hulu subscribers on Wednesday, the company said it would start “adding limitations on sharing your account outside of your household” beginning March 14. Hulu’s user agreement, along with the agreements…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If you have ever wondered what the corporate equivalent of tattooing the words “love” and “hate” on the knuckles of each fist would look like, The Pokémon Company has the answer.In a…
Samsung posted its fourth straight quarter of slumping profits on Wednesday, capping off a dismal year that also saw it lose its crown as the world’s top smartphone maker. The South Korean tech giant posted a 35% drop in profit on Wednesday, in a sign of how demand for consumer…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investor buzz about Big Tech’s financial gains from generative artificial intelligence was damped Tuesday as Microsoft and Google warned of more large costs this year in the arms race to develop cutting-edge…
Amazon Prime’s new drama series “Expats,” starring Nicole Kidman, is currently unavailable to watch in Hong Kong despite being set and partly filmed in the city. The drama largely centers around Kidman’s character, Margaret, an American living in Hong Kong in 2014, when months-long pro-democracy protests swept the city —…