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Acquittal for Samsung CEO in Lengthy Fraud Case
A South Korean court has acquitted Samsung CEO Jay Y. Lee in a drawn-out case involving allegations of price manipulation and accounting fraud.
Public prosecutors demanded a five-year prison sentence and a fine of hundreds of…
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Netflix Co-Founder Donates 1.1 Billion to Charity
Netflix co-founder and chairman Reed Hastings has donated $1.1 billion in shares of that company to the Silicon Valley Community Foundation charity.
This foundation provides money for, for example, affordable housing, help for poor…
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The US Will Provide Billions in Support for Chip Makers
The US government will soon provide billions in new subsidies for chip makers such as Intel and the Taiwanese TSMC, reports the American business newspaper The Wall Street Journal (WSJ).
According to chip industry executives, the…
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US Pauses Issuing Permits for LNG Exports
The US government indicated on Friday that it will stop issuing new licenses for the export of liquefied natural gas (LNG). This also includes licenses for the construction of new terminals.
The United States wants to investigate…
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iPhone is the Best-Selling Smartphone in China for the First Time
Apple's iPhone was the best-selling smartphone series in China for the first time last year. The iPhone ranked first in the country regarding shipments in the fourth quarter and throughout 2023.
The American tech group achieved a…
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TikTok Becomes the First to Surpass $10 Billion in In-App Purchases
The popular video app TikTok from the Chinese company ByteDance was the first to surpass $10 billion in so-called in-app purchases in 2023. Total global mobile app revenues reached a new record level in a year when gaming revenues fell.…
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Wall Street is Fluctuating Around Record Levels After a Strong Stock Market Year
The stock markets in New York again showed little movement on Thursday. The American leading indicators fluctuated around new record levels after a solid year on Wall Street.
The mood among American investors has been positive for…
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Shipping Company Hapag-Lloyd: Red Sea Route Still Too Dangerous
The German shipping company Hapag-Lloyd says it still avoids the Red Sea and detours via the Cape of Good Hope even now that a maritime task force is trying to protect ships against attacks by Houthi rebels from Yemen.
This was…
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