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Samsung Group chief charged with bribery, corporate nerve center dismantled

SEOUL South Korean prosecutors charged Samsung Group [SARG.UL] 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. | Video

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EU needs common approach on testing banks' cyber-risks: Dombrovskis

BRUSSELS European Union countries should test bank defenses against cyber-attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial products.

Cybersecurity 6:40am EST

SAP CEO McDermott overtakes Daimler's Zetsche in 2016 pay

FRANKFURT SAP Chief Executive Bill McDermott's total pay last year jumped to 15.6 million euros ($16.5 million), overtaking that of Daimler CEO Dieter Zetsche, Germany's best-paid company executive in 2015.

Germany 7:01am EST

Huawei staff fear cuts as smartphone profits disappoint

HONG KONG/BARCELONA Staff at China's Huawei Technologies Co Ltd [HWT.UL] 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.

4:16am EST

Cyber attackers target Singapore Defence Ministry, but no secrets found

SINGAPORE Cyber attackers have stolen basic personal data from about 850 Singapore national servicemen and employees in a possible attempt to access official secrets, the Defence Ministry said on Tuesday.

World, 2:20am EST

Samsung SDI says Samsung Elec's head of memory business chosen as new CEO

SEOUL South Korea's Samsung SDI Co Ltd said on Tuesday that Jun Young-hyun, the head of memory business at Samsung Electronics Co Ltd, has been chosen as its new CEO.

12:43am EST

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