Business

India's junior minister for communications and information technology Killi Kruparani's announcement of a probe in the domestic operations of Chinese company Huawei Technologies is the latest development of the region's attempt to stave of potential threats to the country's national security.

According to court insiders, US fund manager Michael Carsley's company Aloga Ltd had dropped its case to pursue A$28 million or $25 million from collapsed horse betting club Edge.

The Seoul High Court rejected the appeal made by Lee Maeng Hee on the wealth of his brother, Samsung Electronics Co Chairman Lee Kun Hee. The High Court said the elder Lee, as well as four other family members who have filed claims on Chairman Lee's wealth, failed to provide proof for their claims.