B.C. serial killer Robert Pickton attacked in prison
British Columbia serial killer Robert Pickton was attacked in a Quebec prison Sunday in what officials described as a "major assault."
Japanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production.
Nissan Motor Co. reported Thursday that its April-June net profit totaled 47.1 billion yen (US$349 million), down from 114.5 billion yen in the same period of 2021. That change marks a 59% drop. Quarterly sales rose 6% 2.14 trillion yen ($15.9 billion).
Soaring raw material costs also hurt profitability, according to the manufacturer based in the port city of Yokohama.
Nissan posted a profit in the last fiscal year ended in March for the first time in three years.
The brand image of Nissan, allied with Renault SA of France, has suffered after its star executive Carlos Ghosn was arrested in Japan on various financial misconduct charges in 2018.
Ghosn, who led the alliance for two decades, says he is innocent, pointing to a coup within the automaker's ranks as behind the allegations. He jumped bail in December 2019, and is now in Lebanon.
Nissan reiterated in its earnings report Thursday that Ghosn used company money for "personal benefit," including purchases of residences, and payments to family members, gifts and donations it said were improper.
The shortage of semiconductors because of COVID-19 restrictions in various nations has hurt not only Nissan but the entire auto industry.
Chief Operating Officer Ashwani Gupta said Nissan will invest to "build resilience," restructuring supply chains and inventory levels so that demand can be better met. But Gupta warned the chips-shortage crisis wasn't going to be fixed for some time.
He said soaring raw material costs must also be addressed, noting Nissan was "moving forward with cautious optimism." The cheap yen will serve as a "tailwind," Gupta said. A declining yen boosts the value of Japanese manufacturers' overseas earnings.
Nissan, which makes the Leaf electric cars, Rogue sport utility vehicles and Infiniti luxury models, expects its production volumes to recover in the months ahead.
It's forecasting a net profit for the fiscal year ending in March next year of 150 billion yen ($1.1 billion), down 30% on year.
"In the first quarter, the business environment remained more challenging than expected. We believe our progress in this environment is proof that Nissan's business foundation has been steadily strengthened," said Chief Executive Makoto Uchida.
Japan's top automaker, Toyota Motor Corp., reports earnings next week.
British Columbia serial killer Robert Pickton was attacked in a Quebec prison Sunday in what officials described as a "major assault."
Donald Trump's lawyers rested their defence Tuesday without the former president taking the witness stand in his New York hush money trial.
One passenger was killed and 30 injured after a Singapore Airlines SIAL.SI flight from London hit severe turbulence en route on Tuesday, forcing it to make an emergency landing in Bangkok, officials and the airline said.
Anything is possible this week, as far as Canada's weather is concerned, with forecasts ranging from scorching heat in some parts of the country to rain and snow in others.
Canada's annual inflation rate slowed to a three-year low of 2.7 per cent in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.
Riley Keough, the granddaughter of Elvis Presley, is fighting plans to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll's former home as collateral was not repaid.
Donald Trump's reelection campaign called 'The Apprentice,' a film about the former U.S. president in the 1980s, 'pure fiction' and vowed legal action following its premiere at the Cannes Film Festival. But director Ali Abbasi is offering to privately screen the film for Trump.
Nestle NESN.S will market a new, US$5 line of frozen pizzas and protein-enriched pastas in the United States which it says it designed specifically for people taking drugs such as Wegovy or Ozempic for weight loss.
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
For those who go to their local libraries often, they know there’s much more to their library than just borrowing books. Local libraries in Atlantic Canada are now renting out a broader range of items for people.
Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
2b Theatre recently moved into the old Video Difference building, seeking to transform it into an artistic hub, meeting space, and temporary housing unit for visiting performers in Halifax.
A B.C. woman says her service dog pulled her from a lake moments before she had a seizure, saving her life.
A Starbucks fan — whose name is Winter — is visiting Canada on a purposeful journey that began with a random idea at one of the coffee chain's stores in Texas.
Members of Piapot First Nation, students from the University of Winnipeg and various other professionals are learning new techniques that will hopefully be used for ground searches of potential unmarked grave sites in the future.
ALS patient Mathew Brown said he’s hopeful for future ALS patients after news this week of research at Western University of a potential cure for ALS.