Russia’s Megafon settles dispute with HP over system failure

MOSCOW – Megafon, Russia’s second biggest mobile phone operator, has reached an out-of-court settlement with U.S. firm Hewlett Packard Enterprise Co HPE.N over system failures in its IT network, the firm told Reuters on Friday. The dispute was settled in July and the lawsuit terminated, a Megafon representative said, but refused to disclose further details. […]

Continue Reading

Exclusive: Vingroup weighs selling school, health units, sources say, as Vietnam’s biggest firm refocuses

HANOI – Vietnam’s Vingroup VIC.HM is considering selling controlling stakes in its medical and education units, two sources with direct knowledge said, although the company said it had made no such plans. Vietnam’s largest listed firm could look for buyers for Vinschool, a private school business, and Vinmec, a chain of private hospitals, the sources […]

Continue Reading

Samsung touts ‘best salesman’ Lee’s role in $6.6 billion Verizon deal as trial looms

SEOUL – As Samsung Electronics’ 005930.KS leader Jay Y. Lee readies for a new trial next month, the tech giant has quietly ramped up a public relations campaign touting Lee’s deal-making expertise including in winning a $6.6 billion contract from Verizon VZ.N. Lauding the Samsung heir as ‘the best salesman’, the firm has over the […]

Continue Reading

Philippines probes 57 persons of interest over Wirecard scandal

MANILA – Philippine authorities are investigating 57 foreign and local “persons of interest” potentially involved in a scandal at German payments firm Wirecard AG WDIG.DE, an official at the country’s anti-money laundering agency said on Friday. The Southeast Asian nation became embroiled in the collapse of Wirecard in June, with the payments firm initially claiming […]

Continue Reading