South Korea seeks arrest warrant for Samsung heir in merger probe

South Korea seeks arrest warrant for Samsung heir in merger probe
FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool/File Photo SEOUL (Reuters) – South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives, they said on Thursday, in an investigation of... Read More

Asian shares hit two-month high as economic optimism spreads

Asian shares hit two-month high as economic optimism spreads
TOKYO/NEW YORK (Reuters) – Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic. FILE PHOTO: An investor sits next to a stock quotation board at a brokerage office in Beijing, China January 3, 2020. REUTERS/Jason Lee MSCI’s broadest index of Asia-Pacific shares outside Japan... Read More

From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms

From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms
TOKYO (Reuters) – As the coronavirus jolts Japan, the government’s huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash needs. FILE PHOTO: A waitress wearing a protective mask to prevent infection, following the coronavirus disease (COVID-19) outbreak, cleans... Read More

Amid pandemic, investors bet on India’s Jio and its giant-killer playbook

Amid pandemic, investors bet on India’s Jio and its giant-killer playbook
MUMBAI (Reuters) – From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic. FILE PHOTO: Commuters use their mobile phones as they wait at a bus stop with an advertisement of Reliance... Read More

On Raul Castro’s birthday, U.S. threatens Cuba remittances

On Raul Castro’s birthday, U.S. threatens Cuba remittances
WASHINGTON/HAVANA (Reuters) – The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country. FILE PHOTO: U.S. and Cuban flags are seen before a ceremony in Havana, Cuba, December 28, 2017. REUTERS/Alexandre Meneghini Military-owned Fincimex is the main Cuban... Read More

Snapchat removes Trump account from curated promotional section

Snapchat removes Trump account from curated promotional section
SAN FRANCISCO (Reuters) – Snap Inc said it would no longer promote U.S. President Donald Trump’s account in Snapchat’s Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content. “We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover,” the company... Read More

Asian stocks set to extend gains as stimulus fans recovery hopes

Asian stocks set to extend gains as stimulus fans recovery hopes
NEW YORK (Reuters) – Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus. FILE PHOTO: An investor sits next to a stock quotation board at a brokerage office in Beijing, China January 3, 2020. REUTERS/Jason Lee E-mini futures for the S&P 500... Read More

Early Facebook staffers denounce Zuckerberg stance on Trump posts

Early Facebook staffers denounce Zuckerberg stance on Trump posts
SAN FRANCISCO (Reuters) – Nearly three dozen former employees from Facebook’s early days on Wednesday blasted Chief Executive Mark Zuckerberg’s decision not to act against incendiary posts by U.S. President Donald Trump as “cowardly” and a “betrayal” of company ideals. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and... Read More

Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies

Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies
NEW YORK (Reuters) – Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020 after Amazon... Read More