The de facto head of Samsung conglomerate told investigators probing his alleged role in a corruption scandal that South Korean President Park Geun-hye coerced him into contributing funds to entities linked to a friend of hers.
The prospects for accommodation between Donald Trump and China might seem bleak. But there is one reason for optimism: despite all the bluster, both sides have far more to lose than they are letting on.
President Barack Obama took office in the middle of a financial crisis with Corporate America hemorrhaging jobs. He leaves with stocks near record highs and 75 straight months of job creation. Yet his economic legacy is marred by a long run of slow wage growth, low worker productivity and the slowest economic expansion in post-World War II history.
The FTC’s lawsuit against Qualcomm is part of an escalating international regulatory battle that has laid bare tensions between the dominant maker of smartphone chips and some of its biggest customers.
European Central Bank President Mario Draghi said policy makers aren’t convinced a recent pickup in inflation will be sustained, and asked German savers to be patient as they clamor for higher interest rates.