Author: admin@primenews

Samsung chief Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates. The acquittal comes as a major relief to the chairman of Samsung Electronics, who has been embroiled in legal problems for years. Last year, South Korean prosecutors had asked for a five-year jail term for Lee, alleging that he and other executives inflated the stock price of a textile company, Cheil Industries, and devalued a construction and engineering company, Samsung C&T. They alleged that the merger of…

A Chinese-Australian writer has received a suspended death penalty in China, five years after he was detained on espionage charges, according to Australian Foreign Minister Penny Wong. Yang Hengjun, an Australian citizen and democracy activist born in China, was sentenced Monday by a court in Beijing, Wong said in a statement, adding that the Australian government was “appalled” by the sentence. “We understand this can be commuted to life imprisonment after two years if the individual does not commit any serious crimes in the two-year period,” Wang said. “This is harrowing news for Dr Yang, his family and all who have…

Amos Shani Atzmon says he doesn’t blame Palestinians in Gaza for hating Israel right now. “They have really good reasons. When you see cities on fire and are getting bombed … I had one close friend killed in Gaza and I am thinking about the people whose entire families died in bombing,” he said. An Israel Defence Forces (IDF) reservist, Atzmon, 26, was called up just hours after Hamas launched its brutal terror attack on Israel, murdering around 1,200 people and kidnapping 253 others. Israel swiftly retaliated to the October 7 assault with a massive aerial bombardment campaign, followed by…

A new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered. The problem was disclosed in a memo sent to Boeing (BA) employees Sunday by Stan Deal, the head of the company’s commercial aircraft unit. An employee at Boeing supplier Spirit AeroSystems, which makes the fuselages of the 737 Max jets, notified the plane maker that two holes may not have been drilled exactly to Boeing’s requirements, according to Deal’s memo. “While this potential condition is not an immediate flight safety issue and…

Devastating wildfires tearing through swathes of Chile have killed more than 100 people, authorities said Sunday, as they warned that the death toll was set to rise. The Chilean National Disaster Prevention and Response Service said at least 112 people have died so far. Officials also said that 32 bodies have been identified, 38 autopsies have been conducted, and 10 bodies are ready to be delivered to relatives. News agency photographs and footage over the weekend laid bare the trail of destruction wrought in multiple communities by the infernos. Aerial shots from the El Olivar commune showed dozens of vehicles…

Look at the image above. This is how Facebook, or The Facebook as it was then known, looked when Mark Zuckerberg and a handful of friends launched it from their student digs 20 years ago. Since then, the world’s most popular social network has been redesigned dozens of times. But its aim has remained the same: to connect people online. And make mountains of money from advertising. As the platform turns 20, here are four ways Facebook has changed the world. 1. Facebook changed the social media game Other social networks, such as MySpace, existed before Facebook – but Mark…

Gene therapy has transformed the lives of people with a genetic disorder that causes painful and unpredictable swelling attacks. Angiodema, thought to affect 50,000 people worldwide, can be seriously debilitating, affect airways, and occasionally prove fatal. Patients treated with a single dose of gene therapy Crispr-Cas9 showed little sign of further symptoms. The therapy also has big potential as a treatment for other genetic conditions. “It looks as if the single-dose treatment will provide a permanent cure for my hereditary angioedema patients’ very disabling symptoms,” principal investigator Dr Hilary Longhurst, a clinical immunologist at Auckland hospital, said. Angiodema causes swelling…

Tens of thousands of people in China are flocking to the social media account of the US Embassy in Beijing to vent their anger and frustration with the continuing meltdown in the country’s stock market. On Monday, mainland Chinese markets slumped again after their worst weeks in years. The Shanghai Composite Index briefly fell more than 3%, hitting its lowest level in five years. It had pared some losses by noon, but is still down 1.8%. Last week, the index fell 6.2%, its biggest weekly loss since October 2018. The Shenzhen Component Index also tumbled 2.3% in morning trade, following a 8.1% slide last week.…

A new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered. The problem was disclosed in a memo sent to Boeing (BA) employees Sunday by Stan Deal, the head of the company’s commercial aircraft unit. An employee at Boeing supplier Spirit AeroSystems, which makes the fuselages of the 737 Max jets, notified the plane maker that two holes may not have been drilled exactly to Boeing’s requirements, according to Deal’s memo. “While this potential condition is not an immediate flight safety issue and…

Paytm, once the hottest of India’s startups, has seen a stunning fall on the stock market since last week, extending a plunge that has wiped nearly 80% off its value since it went public in the country’s biggest IPO in 2021. Shares of the hugely popular digital payments company have crashed by the daily maximum allowed in Mumbai for three days in a row as of Monday, even though India’s stock markets have been touching new all-time highs. Paytm is down 42% since Wednesday’s close of trading and is almost 32% lower this year. The company has struggled since its…