SEOUL South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.
CAPE CANAVERAL, Fla. SpaceX plans to launch two paying passengers on a tourist trip around the moon next year using a spaceship under development for NASA astronauts and a heavy-lift rocket yet to be flown, the launch company announced on Monday.
SEOUL South Korea's Samsung Group on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglomerate, following its chief's arrest amid a graft scandal that could bring down President Park Geun-hye.
LONDON Tens of thousands of London private hire drivers could lose their licences due to new English reading and writing requirements, taxi app Uber said on Tuesday at the start of a court battle to halt the plans.
HONG KONG/BARCELONA Staff at China's Huawei Technologies Co Ltd are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets.
BRUSSELS European Union lawmakers will decide on Tuesday whether to lift the EU parliament immunity of France's far-right presidential candidate Marine Le Pen for tweeting pictures of Islamic State violence, an EU official said.
BEIJING Chinese smartphone firm Xiaomi Inc announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales.
Facebook Inc's big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts.
FRANKFURT Music-streaming service SoundCloud launched a budget subscription package on Tuesday, hoping to convert more listeners into paying subscribers and undercutting rivals Apple and Spotify.
NEW YORK Wells Fargo & Co's wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market.