manus: the top line is that jay y. leelement and bribery on a sportscenter front. if you want to understand what is at risk for jay y. lee here, the prosecutors have demanded a prison term of 12 years. they have accused him, in line of the charges for embezzlement and bribery and hiding assets overseas. they see those could deserve anything up to 12 years. the top line is he is guilty of embezzlement and bribery on a sportscenter front. rather specific. anna: if you wonder why so much mention of sports and korea,cing, in south samsung tonight they had soft favors. sought they're often asked to give funds for charity and sporting events and jay y. lee said he was scolded by park for not doing enough to support the sport. that is why sport is at the center. manus: a line coming through that say donations to the foundation were not abroad. you're looking at live pictures of the courthouse where these verdicts are being handed down. just to give you a sense of the power of this company. samsung and its affiliates command nearl

the trial of jay y. lee reaches .ts conclusion friday jay y. denies corruption, accused of funneling millions of dollars in return for government favors here it his defense has been that he was not involved in decision-making at samsung. that case has not hurt the company, posting record profit in the launch of the new galaxy eight smartphone. petrochina passing on the benefits of higher energy prices, paying shareholders its entire half-year net income, worth almost $2 billion and raises expectations. estimates, income dew point billion dollars. dollarsw point billion -- $2.4 billion. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thank you for that. pretty low that we will hear market moving news out of jackson hole. traders will be watching closely indeed. let's head to wyoming. kathleen hays is standing by for us. a scenic backdrop indeed. what question are central bankers trying to answer? arehe big question they trying to answer and everyone would like the

jay y. leeentenced to five years in prison, rosalind chin has been outside the courthouse following the very latest news lines as they come down. rosalind, good morning. it looks like five years in prison on graft charges. his father was in this courthouse in 2008'something of a family history here. not just family history, many leaders have found themselves in front of the judge on different misdemeanors over the years. the key question is, he has been of the 12 years prosecutors looked for, he has been sentenced to five years in prison. he can't get a suspended sentence because three years or less is what modifies to get a suspended sentence. he does have to serve some jail time but most likely, his lawyers will appeal this verdict. he has been found guilty of embezzlement, perjury and bribery. --r other samsung in executives in that court have been found guilty. two got four years and others were suspended sentences. the court found him guilty of currying favor, giving money bribes in order t

so jay y lee has in de facto boss of this company in that time.se the other thing is, this trial raises the wider questions about these chaebols and the way that south korea does is this? that is right. samsung is hugely important to south korea. 0utside, it is mostly known for samsung's electronics, smartphones and appliances. but it is also involved in construction, shipbuilding, even a samsung amusement park. it accou nts a samsung amusement park. it accounts for about one of the economy. it is dominated, the economy, by these large family run conglomerates. in the past there have in many accusations against the bosses of these groups, but even when they are convicted they are given a pardon by the government, because there has been fear that there could be an economic impact. however, now there is a new government in power. resident moon jae—in has said he will take on the conglomerates. —— president. the government has said that it is hoping fro strong verdict today, and they are hoping that will send a strong message to large conglomerates,

emily: so, if he is convicted, jay y. leerticular, do you expect he would actually serve time? troy: part of it will depend on how long the sentence is. if it's less than three years, the sentence could be suspended, in which case he may not spend another day in jail. if it's longer than three years, it can't be suspended. that being said, in the past, you had presidents who would the head of conglomerates who went to jail. moon jae-in has been different. this case is proximate to him becoming president. he has also put forward a different vision for growing the economy, more government led than conglomerate led. emily: it's interesting that this is climaxing the same week that samsung is unveiling they the note 8 phone, weeks before apple unveils its newest iphone. what do you make of the timing of all of this? david: that's probably more or less entirely coincidental, but i will say that i think samsung's future rides far more on how the note 8 is received than on what happens at the trial, on balance. the evidence for the

so this is jay y lee. what is the outlook?ny new lines just yet, but it is an ongoing trial, and as you say, but closing argument is taking place this morning. it has been dubbed the trial of the century, involving the country's former president, the acting boss of samsung, as you mentioned, jay y lee, and of course the president's friend. south korean prosecutors are holding their closing arguments in the trial against him, and he has been denying bribery and embezzlement charges, but he is accused of offering nearly $40 million to the president and her friend in exchange for government support of a merger of two samsung subsidiaries. mr lee could face up to five years in prison if he is found guilty, even longer if he is also convicted on the embezzlement charges. many bosses of these conglomerates have been accused or even charged with bribery in the past but it is very, very unusual to see a founding family member of such a massive company being indicted. ok, for now, thank you very much indeed. around the globe, caesarean

if jay y. leened on all charges, prosecutors will appeal and are can be an impact on the cost be perhaps in the next trading session. back to you. we have more on samsung in a moment. we will meet the author of samsung electronics. that is coming up next. yvonne: later we will dig deeper into the latest qantas results from ceo alan joyce. you'll be joining us in a half hour. you do not want to miss that interview. lots of big lance ahead. -- lots of big plans ahead. this is bloomberg. ♪ ♪ this is daybreak: asia asia, i am yvonne man in hong kong. betty: i'm betty liu in new york. we have heard time and again from various investors and analysts that this trial will not have pacific impact on samsung itself on the business of the stock prices. it is really more commentary on south korea. i thought i would bring up this chart. thank goodness it does not have an impact on samsung itself 45,ause look at chart 44 which shows you how stocks are reliant on samsung's performance. at the costrket cap be is a

that is where jay y. lee was. is why i do not think we will see an impact on the individual businesses and why shakeups would take a long time. emily: jay y. lee has said he will appeal. will he go to jail? will the sentence be suspended? >> it is longer than three years, and three years is the longest suspended system available. samsung is the biggest company in the group that contributes the majority of earnings for the group and south korea. he has been in jail. they have not allowed him out on bail. he had nothing to do with the running of samsung for months, and record profits and earnings. emily: do you think this will have zero impact? bob: i think it will. it is the nature of how the company is structured and how isolated the top groups are. a lot of this case was about them being able to maintain control over some of the smaller pieces so they could have a large voting right for the whole thing. as far as the individual businesses, there is nothing that is going to change. we have not seen any impact on t

jay y. lee. he is accused of authorizing the payment of millions of dollars to a confidant of toppled president park geun-hye in return for political favors. park is also in detention, accused of abuse of power. she has refused to testify. venezuela's opposition dominated legislature -- the national assembly has rebuffed nicolas maduro by refusing to recognize the trees from his new constitutional assembly. lawmakers voted to ignore the decision to face the prosecutor with a loyalist and create a truth commission. been givenamily has virtually unlimited authority. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am ramy inocencio. this is bloomberg. betty: thank you. for more on the fed and the officials' dovish comments on inflation, i want to bring in kathleen hays,. -- bring in kathleen hays. kathleen: bullard made it clear that inflation is too weak. here is what he said earlier today. "recent inflation data has called into questio

before his arrest, jay y lee was gearing up to take over samsung.e's now accused of bribing the country's former president and could face more than a decade injail. we will have the details. also in the programme, turning off the taps with 50 dollar oil the new normal, are we in line for another cut in production? opec meets today. asian markets are rising strongly off the back of that in good jobs news from the us. this is what europe is doing in the first half hour of trading. fuelling demand for more gas. we speak to the head of one of the world's oldest private exploration firms about keeping the lights on around the globe. and as new york based company wework annoucne a $500m expansion in asia — let us know what do you love or hate about your office. tweet using the hashtag bbcbizlive. they very warm welcome. a lot to get through, including things you like or maybe do not like about the state of your office with the news that wework is expanding. prosecutors in south korea are demanding a twelve—year prison sentence for the heir to the samsung

♪ rishaad: samsung down, markets reacting to the jailing of jay y. lee. sident moon in his plans to reform? >> opinions are split. jay y. lee is appealing. it is a harsh sentence for a top conglomerate leader. rishaad: they asked for 12. >> they went midway to send a message, but at the same time, it is not that much time. any sentence of more than three years cannot the suspended -- cannot be suspended. one management group saying the government will push harder if the economic conditions improve. global investors saying it sends a strong message. does show the government is better than in some other places, japan for example. theasset manager saying one case one have an impact on reform. it is a milestone along the way to actually getting some change, to loosening the grip of conglomerates and south korea. grip has been long entrenched, and they are huge employers in an economy that is export-led, and that is important to consider when trying to bring about a lot of change. where does this vertically samsung? downme some shares slightly -- samsung shares

they started looking at jay y. lee and his involvement in all of this. on at samsung, the alleged bribery to curry favor and political favors, and the guilty verdict does imply she might be more likely to be found not guilty of some of those charges. last month he refused to testify at her trial, saying he had his own corruption trial. but they could be linked like this. that trial will wrap sometime later this year. there was hundreds of thousands of people marching last year that believe the sentiment that brought her to be impeached in the first place, and we saw on friday and saturday thousands took to the streets. this time in support of park geun-hye. it is her benefit and the crowds up in big numbers in south korea -- that has gotten the crowds out in big numbers in south korea. haidi: has there been anything done to reduce corruption? rosalind: there has been divided opinion on how this might proceed after the samsung verdict. resulty it is a token from the minister. he will not be able to take his foot off the pedal. he came in promising there w

samsung's heir, jay y. lee has been sentenced to five years in prison for his role in a corruption scandal that rocked all of south korea chery kang is with us. five years is less than the 12 years the prosecution was recommending and hoping for. what's the reaction in seoul >> as far as the immediate reaction that we see, outside the court's complex, some protesters actually calling on the court to release jay y. lee. so certainly a divided sentiment here but i will have to note that's a small minority of south korean population so, yes, as far as samsung's reaction is concerned, samsung's lawyer or i should say jay w. lee's lawyers are saying that they are planning to appeal, saying they cannot accept today's verdict. this is a lower court's verdict. we'll have to see if this makes it to the higher court and the supreme court. so we could be looking at this case being prolonged, drawn out to at least through the first half of next year. but as far as samsung electronics official statement is concerned, it won

during a six—month trial, jay y lee was accused of giving inappropriate donations to a friend of the that helped trigger her dismissal from office. mr lee has pleaded not guilty. yogita limaye reports from seoul. to the korean people it was bigger than watergate, any other kind of national scandal that happened in any other part of the world. the trial involving jae—yong lee is perhaps one of the most closely watched here in south korea and around the world. he's the de facto boss of one of the world's biggest companies, samsung, and he's involved in a massive corruption scandal that saw mass protests involving hundreds of thousands of people on the streets. the former president, park geun—hye was impeached... and mr lee is facing trial because he's accused of paying bribes, of making donations to non—government organisations which were run by miss park's friend in return for government support for a merger that would eventually allow him to become the head of samsung after this father's death. samsung is huge in south korea. the company accounts for 15% of all sales that take place

for the past six—months jay y lee has been on trial accused of making inappropriate donations to a friendk geun—hye, a charge that helped trigger her impeachment and dismissal from office. mr lee has pleaded not guilty. the bbc‘s yogita limaye told me samsung is far more than an electronics company. it dominates south korea's economy. this company accounts for nearly one fifth of the economy here. it's a huge group, a global technology giant, and that's why this verdict is being watched so closely. but it's also not asked about this one company. large conglomerates dominate the economy here. there have been accusations of corruption against the heads of many of these companies. in the past, even when they've been convicted, they've been pardoned because the government said there would be an economic impact on the country if they go to jail. so it is very significant if we get a strong sentence today and if he is found guilty because now they are the new government, which won elections, saying it will clean up corruption and there will be no more pardons for the head. this is only the star

after six months in court, a verdict is due on bribery and corruption charges against samsung boss jay y leee billionaire denies all wrongdoing. plus, the flying kangaroo bounces back! near record profits for qantas this year despite cut—throat competition. the boss says it's a vindication of his turnaround plan. hello, and welcome to bbc news. there were sensational scenes in thailand when the supreme court was forced to postpone its verdict in the trial of the former prime minister, yingluck shinawatra, after she failed to appear in court. thejudges in bangkok then issued a warrant for her arrest, saying they didn't believe her claim to be ill. her lawyer says she might not even be in the country. ms yingluck faces up to 10 years injail in a criminal negligence case focused on a rice subsidy scheme. we can speak to karishma vaswani, who joins us from bangkok. we'll come back to that story in a moment. forecasters in the united states are expecting a major hurricane to hit the coast of louisiana and texas on friday night. hurricane harvey has sustained winds of up to 140km/h. they're expect

but jay y. lee's lawyers said they cannot accept the ruling and said they plan to appeal >> just a quick question, for those of us who are not as familiar with the corporate culture there. we know about tim cook and the influence he has on apple. how big of an impact will this have on the company? what sort of role does he have and reputation, i'm watching shares get hit a bit on this news >> yeah. i think the stock did move because of this rational that it was more severe than what the tradition holds in terms of south korean court ruling. at least for chiefs here as far as his role at samsung electronicsor samsung group overall is concerned, he's a vice chairman but the son of the so-called owner, chairman of samsung group. and, yes, he only has less than a percent in terms of shares of samsung electronics. but he's considered the de facto leader of this electronics giant, meaning that he would hold the key in terms of making key multibillion dollar strategic decisions, just as we think of tim cook

jay y. leeorruption verdict with implications beyond samsung. >> welcome to "daybreak asia" from bloomberg's global headquarters. it is just after 8:00 p.m., gasoline surges as harvey s, shutting 10% of capacity. ago, thenews moments bydochs have been out did cbs to buy the 10 network. ♪ of jacksonrecap hole, not a lot of headline grabbing lines when it came to policy from janet yellen and mario draghi. that led to this rise in the euro because mario draghi did not talk down the currency as some were expecting. it raises this contrarian call that hsbc morgan stanley has for.calling mario draghi was grilled by reporters, let's talk about onicy and where are we inflation? he said inflation is still going the other way. the euro-pound, we hit the 92 level against the pound for the euro in more than he year. morgan stanley saying the euro could rise to 102 against the pound. their call of to 101 by the end of this year, so more and more people are giving attention to this cross in particular. >> tha

if jay y lee gets a strong sentence today, they are saying it will be a strong message to the large conglomerates0k. watching the verdict due later in the afternoon in the hour. a major overhaul of qantas has paid off. in the last two hours, they posted their second—best profit ever, slightly ahead of a nalyst profit ever, slightly ahead of analyst estimates. it cut staff by more than 5000 and reduced costs by $2 billion to achieve that higher efficiency. i asked an analyst how the company plans to hold on to those gains. you have raised the right points. this is the first step in becoming future proof. it is not cost savings, it is about setting the stage for being successful in the stage for being successful in the future. it comes from a cost basis. what is yet to be found out is whether they can drive a premium against other carriers. that can only come through better service quality, high value, and taking values into the international market from their national market. there is speculation from unnamed sources they may also announce today along with their result is what could we the longest

jay y. lee is given five years for bribery.is bloomberg. ♪ ♪ this is "bloomberg surveillance." has been sentenced to five years in prison after being found guilty of perjury, embezzlement, and bribery. his lawyer says he will appeal. is it what was expected? rosalind: they got five years. they would looking for 12 years. -- they were looking for 12 years. we grabbed one of the people coming out of the verdict room earlier and asked what they felt about this verdict, the sentencing that was given. she said she thought it was rather liked cap -- rather light . at the same time, we have protesters outside who are saying they believe that jay y. lee is innocent and that he should be freed. park geun-hye was involved in this scandalous love. we heard from her just a few minutes ago. and theung ruling when government business collusion. government business collusion in south korea has been an ongoing issue for many years now. it may go toward some steps in helping president known in pushing forward -- president mood in pushing forwar

jay y. by jay y.ically a lie lee and the four other codefendants who were samsung executives.e proved there is a lot of discrepancy between what they were saying before and what they were saying now. it is really up to the judge whether it is going to see the testimony from the defendants as valid enough to say that samsung is not guilty. , so wet a legal expert will have to be keeping our eyes closely on the case tomorrow. yvonne: certainly will be a big day for you as well. sam cam, our tech editor from seoul. chinese appliance maker my day up is betting big on automation calling -- following its purchase of a robot company. it is aiming to become the market leader in industrial robotics. speaking to bloomberg's tom mackenzie, the senior vice president says the opportunities are huge. industrial is the big push right now, especially for industries. i think that is a huge demand for the robotics application. we want to be the world leader. it takes time, but i think we can do it. tom: your business is obviously growing quickly, but the number of employees is reducing because

samsung's fact robust jay y. lee rejected accusations that he okayed the payment of bribes to south koreanf the president in return for support in a key merger. has been in detention in february as part of an investigation into corporate influence and a government earlier this year. doubling, lifted by investments and revaluations, the equivalent of $425 million, than theling, 97% more same time frame a year ago. dropping 12%, mainly on a lower contribution from projects in singapore, essentially partially offset by developments in china. moving to the downside in singapore by .8%. we will talk to the chief executive later in the program. 12:30 in sydney. the dow jones at a record and tim cook within reach of a performance bonus worth $44 million. ,e will collect 280,000 shares the total shareholder return of her three years beats two thirds of the s&p 500. hislans to donate most of fortune to charity after paying for his cousin's college tuition. 8%, 7.4% in up over the after-hours session, the company burning throu

billionaire samsung boss jay y lee's corruption trial reaches a conclusion as he awaits a court verdict million on the powerball.

after six months in court, a verdict is due on bribery and corruption charges against samsung boss jay y lee

jay y lee was accused of making inappropriate donations worth around $6 million to the close confidantformer president park in exchange for government favours. those accusations also helped trigger the dismissal of the president from office. the foreign secretary boris johnson president from office. the foreign secretary borisjohnson has said a us presidential visit to britain is more likely in 2018 than this year. previously he has said he sees no reason to rescind the invitation to donald trump for a state visit although no date had been fixed and all mention of the trip was left out of the queen's speech. radical action is needed to help integrate immigrants into radical action is needed to help integrate immigrants into society, according to a group of mps. in a new report, the all—party—parliamentary group on ‘social integration‘ warns that the immigration debate has become polarised. it's renewing calls for the government to make english lessons compulsory. the home office says it already funds community cohesion projects, including some focused on language. women who've left the

billionaire samsung boss jay y lee's corruption trial reaches a conclusion as he awaits a court verdictkerfrom massachusetts, scoops $758 million on the powerball.

still to come on the programme: a verdict later for the head of samsung jay y lee following a six—monthatest there also on the programme: the narwhal as the sea ice retreats in the arctic, scientists are learning more about the creature they call the unicorn of the sea. he's the first african—american to accept the presidential nomination of a major party, and he accepts exactly 45 years ago to the day that martin luther king declared, "i have a dream." as darkness falls tonight, an unfamiliar light will appear in the south—eastern sky. an orange, glowing disc that's brighter than anything save the moon — our neighbouring planet, mars. there is no doubt that this election is an important milestone in the birth of east timor as the world's newest nation. it'll take months, and billions of dollars to re pair what katrina achieved injust hours. three weeks is the longest the great clock has been off duty in 117 years, so it was with great satisfaction that clockmaker john vernon swung the pendulum to set the clock going again. this is newsday on the bbc. i'm sharanjit leyl in singapore. i'

the billionaire boss of the samsung electronics empire, jay y lee, has been jailed for five years.south korea's government, embezzlement and perjury. here, a suspected international drugs dealer has appeared before magistrates in westminster to face extradition to the united states. muhammad asif hafeez, also known as the sultan, is wanted there for importing heroin and methamphetamine. a former rock star, who's beenjailed for multiple cases of child abuse, could have been caught years earlier if the police had investigated him properly. ian watkins, the lead singer of the band lostprophets, was sentenced to 29 years in prison, four years ago. but an investigation by the independent police complaints commission found that south wales police missed a series of opportunities to stop him. the united nations says air strikes in yemen by the saudi—led coalition have killed more than 40 civilians in the past week, the united nations says air strikes in yemen by the saudi—led coalition have killed more than 40 civilians in the past week, including many children. the latest hit a residenti

jay y the. -- jay y. lee.uestion that over some period of time that he will ascend into this role. the question is whether he will be able to do it in the short term, or if it will take a bit more time. emily: a bit more time means years? how long? : there has been criticism by the prosecutors that they have not been able to produce a smoking gun that has connected lee to the prosecutions. the question is whether the court will determine if this is going to go forward. .mily: fascinating peter ahlstrom, thanks so much. that does it for this edition of "bloomberg technology." be sure to tune into "daybreak: asia" tomorrow night for my exclusive interview with square ceo jack dorsey. ♪ is this a phone? or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can s

in a scandal that has already toppled a south korean president, jay y lee was found guilty of makingate donations worth around six million dollars in exchange for government favours. 0ur correspondent in the south korean capital seoul, yogita limaye, reports. jae—yong lee is one of the most powerful businessmen in the world. now he's facing a jail sentence that is among the longest ever given to a top executive in south korea. mr lee has been found guilty of paying bribes to the previous government here. his lawyers say they will go to a higher court. translation: as a lawyer, i cannot accept any of the legaljudgment, or the fact—finding in the ruling. we will make an appeal immediately and we are confident the ruling will be overturned. the case is part of a major corruption scandal which erupted in south korea late last year and evoked public anger. tens of thousands came out on the streets. and that triggered the removal of the country's president park geun—hye. she was accused of allowing her close friend to accept donations from south korea's large conglomerates in return for go

jay y lee, the de facto head of the $300 billion business empire — and grandson of the founder — hasenced to five years in jail. his lawyers say he will appeal. so what exactly did he do? it started with this — $36 million donated by samsung to organisations linked to former south korean president park geun—hye. she was removed from office and is also facing corruption charges. back in 2015 the samsung conglomerate was undergoing restructuring, with a controversial merger of two of its businesses. prosecutors argued the aim was to boost mr lee's personal power over the company, which he's been running since his father became ill in 2014. the deal needed shareholder backing from the national pension fund, which is run by the south korean government. prosecutors argued the donations were bribes to win that vital support. the affair has once again raised concerns about south korea's business culture — and the huge family—owned conglomerates known as ‘chaebols‘. they've long been seen as too cosily linked to government — and not sufficiently transparent in their dealings. they are also v

jay y. leeenied corruption charges when he took the stand for the first time. he rejected accusations he okayed the payment of bribes to a confident of president park in exchange for a part in a key merger. he has been detained since february as part of a widespread investigation into corporate influence in government that brought park down earlier this year. of former prime minister is they wereinisters -- acquitted with the court saying they could not be sure certain injuries suffered were inflicted by the police. they were accused of authorizing unnecessary force to clear protests outside the national assembly. hong kong lawmakers visited the site of a high-speed rail line linking the city to mainland china. it will run from hong kong to shenzhen and cost almost 11 billion u.s. dollars. it is controversial because of a cold location area -- co- location terminal where china can enforce its laws in hong kong. global news 24 hours a day, powered by more than 2700 journalists and analysts in mor

the announcement comes days after the court sentenced jay y. leefive years in prison for his role in a bribery scandal. amazon is spinning its first day as the owner of whole foods cutting prices by as much as 43%. march found items can be seen with orange signs with the old and new prices listed. the amazon echo is also foranged though -- on sale $99.99. joining us from new york, jason mak and olivia zaleski, who went to whole foods this morning checking out prices. what did you see? >> lots of price cuts. we saw them on bananas, lean beef, peanut butter was a big one. emily: avocados? >> they were down about $1. my favorite, organic rotisserie chicken, was down about $5. a huge price cut. emily: was a crowded? >> it was really crowded. i talked to people who said they held off to go monday to get big savings. emily: interesting you would see amazon echos in the stores. do you think people will be buying these while they are grocery shopping? >> buying the echos? possibly. i think the echo was the first successful entry into the living room. we ar

in a scandal that has already toppled a south korean president jay y. lee there is flash photography in our report from yogita limaye. it's a week since the terror attacks in barcelona and on the costa brava which killed 15 people. the initial unity between the spanish government in madrid and the autonomous government in catalonia, which wants to hold a referendum on independence in a months time, has been replaced with finger—pointing — over which police force missed information about the terrorist plot. tom burridge reports from catalonia. still bustling. tourists and locals on las ramblas paying their respects. in the town where the attackers lived, a father, brahim aallaa, insisting he never saw any sign that two of his boys were planning to kill. one of his sons looking relaxed here, shopping. hours later, said aallaa and those alongside him would attack tourists in a coastal resort. the football pitch they used to play on. opposite, the family house of the ramblas van driver younes abouyaaqoub. some of those who knew the men didn't want to go on came

jay y lee was found guilty of making inappropriate donations worth around six million dollars, in exchangeo be delivered in her trial for criminal negligence. ms yingluck faces up to ten years in jail over a rice subsidy scheme that paid farmers up to 50% more than market prices. the scheme lost the government billions of pounds. so how are you spending your bank holiday weekend ? wild camping — pitching a tent on lonely mountain tops, away from the holiday crowds — is growing in popularity. but a minority of wild campers are being accused of trashing the landscape they‘re supposed to love. national trust wardens in the lake district say some of the campers are treating the land as if it were a pop festival site, leaving rubbish and sometimes complete sets of camping equipment. dave guest has the story. wild camping is all about getting far away from civilisation and far closer to nature. it is about going and spending the night high on the hills away from civilisation, where from other people and spending that night with nature and the starters in a very that night with nature under the s

billionaire's jay y. leen sentenced to five years in prison after being found guilty of perjury, embezzlement and bribery. his lawyer has said they will appeal. >> appeal. >> he has been found guilty of embezzlement, perjury and bribery.court, samsung executive founduilty, too. the other two got suspended sentences. the court found him guilty of currying favors, giving money, bribes in order to consolidate his power in samsung. we heard just a few minutes ago from the spokesperson of the current president who said the y hope the samsung ruling would end government business collusion. ♪ ♪ julie: welcome back to "bloomberg best." i am julie hyman. as theresa may tries to negotiate the brexit, it has been slow going. economic path forward is not too clear. while visiting canada, the irish prime minister spoke with bloomberg about his frustration with the process. >> you get the sense the eu is pleased with the progress it has seen so far? >> no. i think i would be right to say on behalf of the european governmen

. >> billionaire samsung heir, jay y. leen sentenced to five years in prison after being found guilty of perjury, embezzlement and bribery. his lawyer has said they will appeal. >> he has been found to be of embezzlement, perjury, and bribery. four other executives in the court with him were also found guilty. the other two got suspended sentences. essentially the court found him , guilty of currying favors, giving money, bribes in order to consolidate his power in samsung. you heard just a few minutes ago from the current president who said that it helps the samsung ruling would end government business collusion. ♪ ♪ julie: welcome back to "bloomberg best." i'm julie hyman. as prime minister theresa may tries to negotiate the brexit, it has been slow going. the economic path forward is none too clear. while visiting canada this week irish prime minister spoke , frankly with bloomberg television about his frustrations with the process. >> do you get the sense that the e.u. is pleased with the progress it has seen so far? >> n

anna: despite this, jay y. lee on trial, samson's ability to sell hardware and remains profit remains intact. elstrom.s more, peter great to have you on the program. tell us about the new phone. the note eight had its debut overnight in new york. they had quite a fair in the city. they shut off the new phone. it is bigger than the past versions. it is 6.3 inches across diagonally. they pioneered this idol of big phones. they pushed the market with the note well before market did. it has been a success. there was the fiasco last year with the battery problems in the note seven. there was talk about scrapping the note brand because it was such a problem. they decided to keep it intact. they came out with a note eight and their message is not so subtly that they feel if they fix these problems -- they fixed these problems. they feel like they will be strong demand. manus: what about the effect in regard to the competition? apple is expected to deliver their phone ahead of thanksgiving. where are we? peter: this is a v

in a scandal that has already toppled a south korean president, jay y. leeations worth around $6 million in exchange for government favours. there is flash photography in our report from yogita limaye. jae—yong lee is one of the most powerful businessmen in the world. now he's facing a jail sentence that is among the longest ever given to a top executive in south korea. mr lee, has been found guilty of paying bribes to the previous government here. his lawyers say they will go to a higher court. translation: as a lawyer, i cannot accept any of the legaljudgment, or the fact—finding in the ruling. we will make an appeal immediately and we are confident the ruling will be overturned. the case is part of a major corruption scandal which erupted in south korea late last year and evoked public anger. tens of thousands came out on the streets. and that triggered the removal of the country's president park geun—hye. and that triggered the removal of the country's president park geun—hye. she was accused of allowing her close friend to accept donations from south ko

. >>> breaking overnight, a south korean court sentenced jay y. lee to five years in prison.ang joins us from seoul with more. chery? >> reporter: thank you very much, melissa. he is facing five charges including bribery. he has been found guilty on all accounts the prosecution was seeking 12 years of jail time for jay w. lee. but i think the reduced sentencing by the lower court today can be explained by the fact that certain elements have not been recognized. but the court and the judge reading out his ruling said he was shocked to see this kind of cozy relationship between political and corporate circles in the country still existed as far as reaction is concerned, samsung electronics did not come out with an official statement one official told me that this is about jay y. lee and his personal he'll case. so samsung is not coming out with reaction here his lawyers did say in their immediate reaction saying they cannot accept this ruling and that they plan to appeal there was a political corruption scandal thatgripped the country since late last year a publicuproar that ev

also, friday shaping up as a history,ay in samsung the verdict and the corruption trial of jay y. leetention since february, accused of bribing a presidential confidant to win favors. prosecutors had asked for 12 years. the guilty verdict could have wide ramifications for the family-run conglomerate. it has not hurt the stock price. it continues to be in the green. >> indeed. incredible, right? that is it. market coverage continues next. standby for bloomberg markets. this is bloomberg. ♪ ♪ >> this is "bloomberg markets: asia." haidi: china drives against risk, new rules on overseas investments. day,scue soaring on a down full-year profit doubled on high prices and lower costs. the u.s. and korea launch military drills.

the billionaire head of south korea's samsung, jay y. lee, that have dominated the country's economy for over 60 years. but has the case made any difference to the company or its products? a surprising assessment. this time like genuine importing the galaxy exploding, a terrible product recall and disaster for the company then we had news that the boss being arrested, so you would have thought arrested, so you would have thought a terrible year. no such story because it has gone from strength to strength, record profits, more profits in the quarter than apple recently. which is quite some achievement and its share price hits record highs. some four out of five uk companies are complaining that the cost of employing staff are making it harder to invest in their businesses. the british chambers of commerce have been surveying members and they found that there are three things making life harder — pensions auto—enrolment, the national living wage and the apprenticeship levy, and they told the government they must not have any more costs thrust