Saudi Arabia relieves crown prince, replaces him with Mohammad Bin Salman, state news agency says

Saudi Arabia has relieved Muhammad bin Nayef as crown prince, replacing him with Mohammad bin Salman, a royal decree published by state news agency SPA reported. Bin Salman, 31, has been his country’s defense minister and deputy crown prince, and was credited...

Li Ka-shing says his elder son Victor will be his successor in principle

“Arrangement for the group’s business has been well prepared. They (Victor and Richard) have their own businesses,” he told the media outside his home in Clearwater Bay in Hong Kong on Wednesday morning. “My medical check up shows that...

Toshiba taps consortium as preferred bidder for memory business sale

Troubled Japanese conglomerate Toshiba on Wednesday announced it has selected a consortium led by the public-private Innovation Network Corporation of Japan as a preferred bidder for its prized memory chip business. The consortium consists of the INCJ, Bain Capital...