South Korea’s largest K-pop agency Hybe lost over $423 million in market cap after rookie group NewJeans terminated its contract with sub-label ADOR, leading to a 6.97% share plunge. The group cited breach of contract, mistreatment, workplace harassment, and lack of support from the company as reasons for their departure. Hybe has faced challenges with management disputes, legal notices, and declining profits, with NewJeans being a popular group winning accolades and chart entries before their contract termination.
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Shocking scale of phone thefts revealed as police battle surge in e-bike mobile snatchers
Masked phone-snatching gangs utilizing 70mph e-bikes are driving a surge in mobile thefts across the UK, with over 225 phones stolen daily. London is the epicenter of the crime wave, recording 65,600 thefts last year. Home Secretary Yvette Cooper has pledged to crack down on the issue, announcing increased police powers and calling for improved mobile device security measures from tech companies. Full Article
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