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Samsung heir Lee Jae Yong has been sentenced to two years and six months in prison by a high court in South Korea. The bribery case is a retrial of an earlier one involving the country’s former President Park Geun-hye, who was also jailed for bribery and corruption. Lee has been the de facto head […]

Donald Trump has been suspended from Twitter and Facebook after tweeting to supporters who attacked the US Capitol. In a social media message to protesters he said “I love you” before telling them to go home. He also repeated false claims about election fraud. Twitter said it required the removal of three tweets for “severe […]

Legendary boxer Manny Pacquiao is launching his own payments platform for social media influencers, brands and fans. His company Pac Technologies aims to launch PacPay later this year to make faster and safer cross-border transactions. It will first be rolled out across his native Philippines and then Singapore, with plans to expand across Asia. Now […]

Microsoft has said that its offer to buy the US operations of hugely popular video-sharing app TikTok has been rejected, paving the way for Oracle to make a last-minute bid. US President Donald Trump gave a 15 September deadline for the Chinese-owned app to sell or shut down. The Trump administration claims TikTok and other […]

Tech giant Apple has become the first US company to be valued at $2tn (£1.5tn) on the stock market. It reached the milestone just two years after becoming the world’s first trillion-dollar company in 2018. Its share price hit $467.77 in mid-morning trading in the US on Wednesday to push it over the $2tn mark. […]

The Japanese giant Toshiba has sold its final stake in the personal computer maker Dynabook. It means the firm no longer has a connection with making PCs or laptops. Sharp bought 80% of Toshiba’s personal computing arm in 2018 for $36m (£27m), and has now bought the remaining shares, Toshiba said in a statement. Toshiba’s […]

TikTok is threatening legal action against the US after Donald Trump ordered firms to stop doing business with the Chinese app within 45 days. The company said it was “shocked” by an executive order from the US President outlining the ban. TikTok said it would “pursue all remedies available” to “ensure the rule of law […]

Donald Trump says the government should get a cut from the sale of TikTok’s US unit if an American firm buys it. The US president said he made a demand for a “substantial portion” of the purchase price in a phone call at the weekend with Microsoft’s boss. He also warned he will ban the […]

Africa’s biggest supermarket chain, South African-owned Shoprite, says it is considering pulling out of Nigeria. It said it was looking at selling all “or a majority stake” of its operations in Africa’s most-populous country. Shoprite is the latest South African retailer to look at leaving Nigeria – clothing firm Mr Price announced its exit in […]

WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets. The move comes as parent company Facebook pushes ahead with plans to bring more e-commerce to its platforms. WhatsApp Pay allows users to send money to one another for free or make purchases from small […]


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