A drone that can carry people will begin “regular operations” in Dubai from July, the head of the city’s Roads and Transportation Agency has announced at the World Government Summit.
Crisis Deepens as Nissan Issues Fresh Profit Warning Again
The woes of the Japanese car giant looks to have deepened by the newly issued profit warning by Nissan while it seeks to recover from Carlos Ghosn’s arrest
The firm had second cut in its forecast within few months by downgrading its projection for net profit in the fiscal year to March 2019 from 410-billion yen ($3.7-billion) to 319-billion yen.
Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company’s own corporate governance.
Reasons for the downgrade are:
“the adverse operating environment facing the company during the fourth quarter, and the impact of recent corporate issues on sales.”
“additional expenses arising from the implementation of a warranty extension campaign covering certain vehicles sold in the US market.”
The profit warning came as ex-chairman Ghosn awaits his fate after prosecutors hit him with a fourth set of charges over alleged financial misconduct.
In February, Nissan already slashed its full-year forecast, as it revealed that nine-month net profit had dropped 45 percent — a decline the firm blamed on rising raw material costs and foreign exchange difficulties.
It was forced to downgrade its net profit forecast for the fiscal year to March to 410 billion-yen, compared to 500-billion yen earlier.
Burkina Faso Enhance Army with New Cobra Armoured Vehicles
The Burkinabe Army paraded four Otokar Cobra armoured personnel carriers (APCs) during Burkina Faso’s 11 December Independence Day parade in Manga, making it the latest known user of the Turkish-made vehicle.
A Burkinabe military source told newsmen that an undisclosed number of Cobras have been delivered since September, with several currently deployed in the East Region, where counter-terrorist operations are ongoing.
The source added that the first Cobras are operated by Commando Infantry Regiments (RIC) of the Burkinabe Army, but additional vehicles are expected to be delivered to the Combined Regiments (RIA). Burkina fields two such units, which combine armoured cavalry squadrons and motorised infantry companies.
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