Business

Jay Y. Lee, vice president of Samsung, will be released on bail on Friday. Politicians, public opinion and businesses alike fear that Samsung will miss out on opportunities if the CEO cannot manage.   Jay Y. Lee is currently serving a prison sentence for, among other things, bribery and embezzlement. He bribed a good friend of the former Korean president. Getting and keeping Lee in jail proves difficult. In August 2017, the man was given a five-year sentence, of which he served one year before the sentence itself was suspended and subsequently reduced. He has been behind bars since January but is now released on bail. The reason for this is remarkable. Lee has repaid the embezzled amounts but can also count on broad public and political support. For example, Reuters says that lobb...

During a so-called earnings call from Tesla, Elon Musk lashed out at Apple. The CEO denounced the closed system of the fruit brand, which he described as a 'walled garden', and criticized Apple's use of cobalt. According to news channel CNBC.   When discussion arose during the call about plans to allow Tesla competitors also to access Tesla's electric vehicle charging network, Musk noted that the company does not want to create a "walled garden" to thwart others, citing the strategy that Apple uses for its App Store: a mandatory commission for those who want to sell their software through the Store, knowing that this is the only (because official and safe) way to install apps on an iPhone or iPad. "We want to emphasize that our (Tesla, ed.) main concern is to support the emergence ...

Netflix hired a manager to help develop video games. The streaming service should be able to offer playable games before the end of the year.   In addition to series, documentaries and films, Netflix will also offer video games. The streaming service has announced the arrival of Mike Verdu as head of game development on the platform. He previously worked at games company Electronic Arts (EA) and was responsible for video games at Facebook. The first video games should be playable on Netflix before the end of next year, reports Bloomberg news agency from the mouth of an insider. But, the company does not plan to increase the price for a subscription, the source said. For Netflix, it is essential to tap into new markets. The company is still the market leader in streaming series and...

Hundreds of e-cigarette retailers and importers fear a huge drop in their sales. Acvoda, the consumer organization for e-cigarette users, reports this. From July 1, 2022, flavoured electronic cigarettes will be banned.   The trade association Esigbond thinks that the sector will miss out on around 200 million euros in turnover and that 800 jobs will disappear. It has been agreed in the National Prevention Agreement to strive for a smoke-free generation by 2040. "To achieve that, we must now do what we can to ensure that as many children as possible grow up in a smoke-free and tobacco-free environment," said outgoing State Secretary Paul Blokhuis. (Public health) earlier. E-cigarettes come in all kinds of flavours, such as apple pie, wine gum or mojito. When the ban comes into effe...