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Samsung heir Lee Jae-yong jailed for corruption

A court in South Korea has sentenced Samsung’s billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.Mr Lee was accused of bribery in a scandal that also saw the impeachment of South Korea’s former president.The case has gripped the public amid growing anger against South Korea’s biggest …

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'Self-driving' lorries to be tested on UK roads

Media playback is unsupported on your device Small convoys of partially driverless lorries will be tried out on major British roads by the end of next year, the government has announced.A contract has been awarded to the Transport Research Laboratory (TRL) to carry out the tests of vehicle “platoons”.Up …

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Billionaire Samsung heir jailed for five years

The billionaire heir to the Samsung empire has been sentenced to five years in prison after being convicted of offering bribes to South Korea’s former president. Lee Jae-yong was also found guilty by a panel of three judges of embezzlement, hiding assets overseas, concealing profits from criminal acts, and …

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Provident Financial appoints new boss to home credit arm

Troubled doorstep lender Provident Financial has made a management change at its consumer credit division.The firm lost two-thirds of its share value on Tuesday after it issued its second profit warning in three months.Chris Gillespie has been appointed managing director of the home credit business, replacing Andy Parkinson.His task …

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Qantas cruises into second-highest profit on record

Australia’s biggest airline, Qantas Airways, has delivered its second highest profit in its 97-year history.Pre-tax profit came in at A$1.4 billion (£860m; $1.11 bn) for the year to the end of June. The airline’s highest ever profit was delivered the previous year.Although down nearly 9% from that record, Chief …

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'Self-driving' lorry convoys set for UK motorways

The Government has committed £8.1m to finance trials of semi-autonomous “platooning” lorries. Under the scheme, a “platoon leader” driving a heavy goods vehicle will head of a small convoy, with the following trucks, or “drones”, being piloted by computers. The trucks drive closely behind one another and are linked …

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