Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.
In a statement, the company says it has made a "final decision" to stop making its star product. It comes in the wake of reports of devices spontaneously catching fire.
Samsung halts production and sales of the Galaxy Note 7 and urges users to turn off the device amid renewed reports of fires.
News comes after reports of fires in replacement devices. Sources have not specified if specific problems identified or when production was halted.
A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a US plane on Wednesday.
Eight firefighters have been killed in a major fire in Moscow, according to Russia’s Emergencies Ministry.
Police say thousands of people fled a migrant camp on the Greek island of Lesbos on Monday night.
Arsonists are being blamed for a trail of destruction on the doorstep of Marseille.
A model of the 1666 City of London has been set ablaze on the Thames to commemorate the great Fire of that year that destroyed nearly 80% of the capital.
A floating model of 17th century London was set alight on the 350th anniversary of the Great Fire of London, on Sunday evening.
Locals in the town of Nejapa in El Salvador have gathered, to hurl fireballs at one another in honour of a huge volcanic eruption in 1922 which forced all of the residents to abandon the…
More than 70 tents were destroyed by fire in the refugee camp of Yahayawa, near the northern Iraqi city of Kirkuk, but no one was injured, the United Nations’ refugee agency UNHCR…
At least 17 migrant workers died after a fire broke out at a Moscow warehouse on Saturday morning, Russian authorities said.
Firefighters in Southern California have been gaining ground against a wildfire in a mountain pass that has forced tens of thousands of people to flee their…
More than 500 passengers and crew evacuated from a burning ship about a mile off Puerto Rico’s north coast, with many requiring medical care, though there were no reported fatalities or life-threateni
Wildfires continue to rage across Portugal. Thousands of firefighters have been battling at least 300 blazes. Twelve of those have been classified as major or large.
A fire in a bar in Rouen, France, has left at least 13 people dead and six injured, one seriously, according to Interior Minister Bernard Cazeneuve.
Seven people have been detained in Indonesia in connection with fires at a number of Buddhist temples in the north of Sumatra island.
Burning for more than three days, the Sand Fire in California has grown to cover more than 13,000 hectares.
A tour bus carrying people from China has crashed on a highway in Taiwan, killing all 26 people on board according to local media reports.
In the south of France, 3,000 holidaymakers in Torreilles were evacuated on Wednesday after strong winds whipped up a wildfire and more than 20 bungalows were…
A body has reportedly been found in the rubble of a fire at a chemical plant on the outskirts of Lyon, in south eastern France.
More than 70 refugees have been injured and hundreds left without shelter after a huge fire and clashes broke out at a detention centre in Greece between Pakistani and Afghan…
At least 17 schoolgirls have been killed in a fire that ripped through a dormitory in northern Thailand.