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Samsung says Q1 operating profits soar nearly tenfold on-year
Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year -- a 931.8 percent increase -- amid recovering chip prices and growing demand. However, the semiconductor market had been predicted to recover this year and grow 11.8 percent, according to industry monitor World Semiconductor Trade Statistics.
Ex-NSA employee who tried to spy for Russia sentenced to 21 years
A cyber specialist who briefly worked at the top secret US National Security Agency (NSA) was sentenced to more than 21 years in prison on Monday for attempting to spy for Russia, the Justice Department said.
US Supreme Court declines to hear Musk appeal over Tesla posts
The US Supreme Court on Monday declined to hear an appeal by Elon Musk of a settlement that requires the billionaire to have some of his social media posts about Tesla pre-approved by a company lawyer. The government agency also required that Musk's social media posts directly related to the business of the electric vehicle company be vetted by a lawyer.
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.
G7 reportedly agrees end date for coal-fired power plants
G7 energy ministers have agreed a time frame for phasing out coal-fired power plants, a British minister said Monday, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable".
Philips settles US sleep machine cases for $1.1 billion
Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal to settle US lawsuits over faulty sleep machines that have dogged the company.
EU says Apple iPad operating system to face stricter rules
The EU on Monday said Apple's operating system for iPads must comply with tougher new rules that Brussels is imposing to rein in the world's biggest digital companies. The commission, the EU's powerful competition regulator, said it named the iPadOS system because it locked users into the iPad operating system.
Tesla wins key China security clearance during Musk visit
Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday.
Blackstone strikes chord with $1.6 bn bid for UK music firm
Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord. "Blackstone appears to have emerged supreme in the bidding war for the Hipgnosis Songs Fund," commented Susannah Streeter, head of money and markets at Hargreaves Lansdown.
AFP
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