Business

Jay Y. Lee has been arrested over his alleged role in a corruption scandal

Samsung chief arrested in corruption investigation

The de facto leader of Samsung, Lee Jae-yong, was arrested Friday on bribery charges, a dramatic turn in South Korea's decades-old struggle to end collusive ties between the government and powerful family-controlled conglomerates.

Wall Street jumps to record on 'phenomenal' tax hopes

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US stocks jumped to another record, a key index of global sharemarkets hit a 20-month high and crude rallied as investors continued to bask in the afterglow of President Donald Trump's promise of "phenomenal" tax reform.

Salud! Tequila billionaires reap windfall from Cuervo float

The Beckmanns have capitalised on investors' bullish view of the Mexico City-based company despite growing tensions over ...

Juan Francisco Beckmann Vidal and Juan Domingo Beckmann - the heirs to the family that controls tequila giant Jose Cuervo - are seeing their net worth soar a day after the company carried out Mexico's biggest IPO in more than three years.

Billions spent, a 99% failure rate and no 'magic bullet'

Late last year, Eli Lilly shared disappointing results of a late-stage clinical trial of its experimental drug ...

Despite a 99 per cent failure rate and a recent setback, Alzheimer's researchers are plowing ahead with hundreds of experiments - and a boost in US federal money - to try to crack a deadly disease that has flummoxed them for decades.

Top US retailer drops Ivanka Trump brand

 Ivanka Trump, daughter of President-elect Donald Trump, features with her siblings in the promotional video for Trump ...

US luxury department store chain is winding down its relationship with the controversial Ivanka Trump brand after boycott threats and concerns about the first daughter's conflicts of interest.

Snapchat parent kicks off $3.9b IPO

Young power couple: Co-founder and chief executive of Snapchat, Evan Spiegel, and supermodel Miranda Kerr got engaged ...

Snap, maker of Snapchat, has file documents for its sharemarket float, the first social media IPO since Twitter three years ago. It could turn its boss Evan Spiegel and supermodel fiancee Miranda Kerr into one of the world's richest young couples.