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Olympics tech partner Atos posts huge loss
Olympics tech partner Atos posts huge loss
Business and Economy
by  AFP

Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas. The first-half loss is largely due to a depreciation of assets totalling 1.5 billion euros.

South Korea union pickets outside Samsung chairman's house
South Korea union pickets outside Samsung chairman's house
Technology
by  AFP

Leaders of a South Korean union representing tens of thousands of workers at Samsung Electronics staged a protest Thursday outside the house of the company's chairman and heir, after fresh negotiations failed. Union executives gathered on Thursday outside Samsung Chairman Lee Jae-yong's house, holding pickets that read "Samsung Electronics' strike, Lee Jae-yong should be accountable".

Weak yen helps Toyota compensate for Japan problems
Weak yen helps Toyota compensate for Japan problems
Business and Economy
by  AFP

Toyota reported a modest rise in first-quarter net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market. Toyota last year reported record bumper results, with net profit doubling to 4.94 trillion yen and revenues soaring by a fifth to 45.1 trillion yen, helped by strong sales of hybrid vehicles.