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Samsung Flags $5.3 Billion Profit Hit From Note 7 Failure

Samsung Electronics Co Ltd on Friday said it expected to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone. The outlook brings...

Exclusive: Carmakers Forced Back To Bigger Engines In New Emissions Era

Tougher European car emissions tests being introduced in the wake of the Volkswagen (VOWG_p.DE) scandal are about to bring surprising consequences: bigger engines. Carmakers that have spent a decade shrinking engine capacities to meet emissions goals are now being forced...

GE Turns To Chinese Partners To Lift Silk Road Infrastructure Sales

General Electric Co (GE) (GE.N) expects increased partnership with Chinese infrastructure firms along China's 'New Silk Road' which aims to link Asia with Europe and the Middle East to generate a significant jump in third-party country sales. Vice Chairman John...

In Samsung’s Town In Vietnam, Workers Confident Of Riding Out Note 7 Storm

As Samsung Electronics (005930.KS) struggles to salvage its reputation after the safety problems that have beset its flagship Galaxy Note 7 smartphone, the South Korean company can at least bank on an army of Vietnamese workers for support. Tens of...

Verizon Says Yahoo Hack ‘Material,’ Could Affect Deal

Verizon Communications Inc (VZ.N) said on Thursday it has a "reasonable basis" to believe Yahoo Inc's (YHOO.O) massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to...

Serge Aurier: PSG Defender Investigated By Fifa For ‘Throat Slit’ Gesture

Paris St-Germain defender Serge Aurier is being investigated by Fifa after appearing to make a throat-slitting gesture to supporters. Aurier, 23, celebrated an Ivory Coast goal against Mali by turning to the crowd and dragging his hand across his throat. Governing...

Israel Freezes Ties With Unesco For ‘Denying Jewish Holy Sites’

Israel has frozen co-operation with the UN's cultural agency, accusing it of denying Judaism's connections to the religion's holiest sites. Its education minister said a Unesco draft decision concerning Jerusalem "denies history and encourages terror". It comes after the body approved...

Rwanda Begins Zipline Commercial Drone Deliveries

What is being hailed as the world's first commercial regular drone delivery service is beginning drop-offs in Rwanda. The operation uses fixed-wing drones that automatically fly to destinations in the central African nation. They release small packages attached to parachutes without...

Emirate Says Marriage Of ‘Abducted’ 14-year-old To Emir’s Aide Irreversible

BEVERLY HILLS, October 14, (THEWILL) - The Emir of Katsina, Abdulmumini Kabir, has denied the alleged abduction and forceful marriage of 17-year-old Habiba Isyaku. Emir Kabir made the denial during a meeting with the Katsina branch of the Christian Association...

Lawmaker Asks FG To Regulate, Not Destroy Illegal Refineries

BEVERLY HILLS, October 14, (THEWILL) - The member representing Egor/ Ikpoba-Okha constituency of Edo State, Mr Ehiozuwa Agbonayinma has called on the Federal Government to license and regulate illegal refineries in the Niger Delta region rather than destroying them. The...

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