Samsung Board Chairman to Stay Despite Indictment for Alleged Labour Union Sabotage

Samsung Electronics Co’s said on Friday its chairman of the board, Lee Sang-hoon, will continue in his role despite an indictment for allegedly sabotaging labour union activities. Seoul prosecutors have accused Lee of involvement in a company-wide operation to dismantle a union at Samsung’s after-service unit between 2013 and 2016 when he was chief finance officer. The indictment of Lee and other company officials on Thursday is another headache for the tech giant whose vice chairman Jay Y. Lee, the heir to the Samsung Group, is appealing a conviction for bribery…

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Romanian govt to buy Brancusi sculpture despite failure of subscription

Romania’s government said on Wednesday it would go ahead with the purchase of an acclaimed sculpture by modernist giant Constantin Brancusi despite the failure of a public subscription to raise its share of the price tag. The government announced in May it would contribute 5 million euros to the required 11 million euros ($12 million), hoping to raise the rest from the public by the end of September. The appeal has only brought in about one-fifth of the remaining 6 million needed to buy “Cumintenia Pamantului”, or “The Meekness of…

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