Samsung Family Pays Off $12B Inheritance Tax
Samsung’s family has completed a record 12 trillion KRW inheritance tax payment, the largest in South Korea’s history, as the tech giant’s stock surged alongside the Kospi index.
Business
Spirit Airlines Nearly Finished After 34 Years
Spirit Airlines has begun an orderly wind-down after 34 years in operation, according to a statement from its parent company. The airline has not made a profit since 2019 and cited a sharp rise in oil prices and failed merger attempts as key reasons for its collapse.
GameStop Targets eBay with $56B Unsolicited Bid
GameStop has made an unsolicited $56 billion bid to acquire e-commerce giant eBay, a company with a market value nearly four times higher, according to a report from Al Jazeera.
Nigerian Refinery Accused of Sacking Union Members Key to UK Fuel Plan
A Nigerian refinery accused of sacking workers for joining a union has emerged as key to the UK government’s plan to address a jet fuel shortage, according to The Guardian.
Anthropic launches $1.5B enterprise AI joint venture, excludes from U.S. defense deals
Anthropic announced a $1.5 billion joint venture for enterprise AI services with Blackstone, Hellman & Friedman, and others. The U.S. Ministry of National Defense later revealed it had signed defense contracts with seven AI firms—excluding Anthropic.
Samsung Family Pays Record $12B in Inheritance Tax
According to business industry sources, the Samsung family, including Lee Jae-yong (Jay Y. Lee), his mother Hong Ra-hee, and his sisters Lee Boo-jin and Lee Seo-hyun, finalized the last installment of the inheritance tax
GameStop makes $55.5bn takeover offer for eBay
GameStop has made a $55.5bn unsolicited offer to take over e-commerce firm eBay, according to the BBC.
Berkshire Hathaway cash surges to record $397 billion
Berkshire Hathaway's cash pile surged to a record $397 billion, driven by equity sales and strong insurance underwriting earnings, according to a regulatory filing.
SAG-AFTRA & Studios Reach New Deal: ‘It’s Done’ with AI Protections
SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative four-year agreement, according to Deadline, including AI protections and a significant pension fund contribution.
SAG-AFTRA & Studios Reach New Deal: ‘It’s Done’ with AI Protections
SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative four-year agreement, according to Deadline, including AI protections and a significant pension fund contribution.
Stanley Tucci Married to Felicity Blunt, Sister of Emily Blunt
Stanley Tucci has been married to his 'Devil Wears Prada' costar's sister, Felicity Blunt, for 14 years. The couple's connection began in 2006 during the premiere of 'The Devil Wears Prada,' and they tied the knot in 2012.
May Day Protests Highlight Global Worker Demands
Protesters across the U.S. and South Korea are rallying on May Day to demand better labor rights and economic justice, while Iranians continue to defy the regime’s narrative.
Elon Musk’s latest Tesla pay valued at $158bn – but he can’t pocket it
Elon Musk's controversial Tesla compensation package is now valued at $158 billion, but the CEO remains unable to access the funds due to unmet performance milestones, according to The Tech Buzz.
10 Billion Meals at Risk Due to Iran War
Billions of meals could be lost weekly due to disruptions in fertiliser supply caused by the war in Iran, according to the chief executive of Yara, one of the world's largest fertiliser producers.
Janet Yellen inducted into Women’s Hall of Fame
Janet Yellen, the first woman to lead the Federal Reserve and serve as U.S. Treasury secretary, is set to be inducted into the National Women’s Hall of Fame in 2026. Yellen said the honor makes her feel 'part of that story' of women’s progress in America.