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  • Welcome to The World in 60 Seconds from FirstFT.

  • Shares in Toshiba have had their biggest one-day drop in 40 years.

  • They have concerns about write-downs on the company's US nuclear business.

  • At one point the share price was down 26% despite reports of meetings with the Development Bank of Japan,

  • that can lead to an injection of government funds,

  • unless estimate of the total write-down could be between 5 and 8 billion dollars.

  • A South Korean court has rejected an arrest warrant request for Samsung groups heir apparent and de facto head, Lee Jae-yong.

  • Special prosecutors have accused Samsung of funnelling more than 35 million dollars,

  • to foundations controlled by an 8th president in return for support of a merger.

  • The judge said: "There was not enough evidence to prove the allegations."

  • And Senegalese troops have entered Gambia,

  • as West African leaders implement their pledge to intervene if President Yahya Jammeh refuse to step down.

  • Mr. Jammeh lost in the election in December, but has rejected the result.

  • His term expired at midnight on Wednesday.

  • The president-elect Adama Barrow who fled Senegal in fear of his safety, is due to be sworn in on Thursday.

  • There will be more stories for you at FT.com/FirstFT

Welcome to The World in 60 Seconds from FirstFT.

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B1 INT UK FinancialTimes samsung president rejected barrow share price

Toshiba shares plunge, Samsung scandal | FirstFT

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