Samsung Admits Fire Starting Phones Will Hit Profits

Oct 12, 2016, 12:47 PM

#Samsung has slashed its profit forecasts for the current period by a third because of its fire-prone phones. It scrapped its flagship #note7 model yesterday. Analysts are warning the affair could cost the company as much as 17 billion dollars. Also - speculation is growing that the #OPEC oil cartel's agreement to drive up oil prices is doomed to failure. And Kenya's tourism boss tells us why she's focussing her marketing efforts at home and in East Africa. #DestinationEastAfrica #MagicalKenya #TravelLocal