Samsung Electronics will invest €16.3bn in South Korea to extend its lead in memory chips and next-generation smartphone displays. This will create half a million jobs.

CATHOLICS worldwide celebrated the beatification of the late Pope John Paul II, with the faithful jamming into churches to pray and witness on giant television screens the Vatican ceremony that brought him one step closer to possible sainthood.

Operations at Kia Motors’ main factory were returning to normal today after workers at the South Korean carmaker urged their colleagues at Kia subcontractors to end a lengthy strike, the company said.