EPA called the software "defeat device" that conceals the true emissions only during testing and therefore when the cars are on the road they emit as much as 40 times the level of pollutants allowed under clean air rules making sure public health is protected, Giles said.
Regions
Canadian bank sectors expected to boost payouts in 2016
Dividend stocks are investors favourite during the economic uncertainty. Dividends signal a strong performance by the company and it also allows investors to make some return on investment during the tough time.
Alibaba and Suning Partnership Could Change China's E-commerce Domination
China e-commerce industry is worth $2.1 trillion in 2014 with the number of users growing by 31.4 percent as reported by China E-Commerce Research Center (CERC). Out of the total amount, $450 billion comes from the online retail business alone. Current market players in the e-commerce are Alibaba, JD.com, and Suning Commerce.
Google to unveil two new products on 29th September
Google is sending media invitation for its event this coming 29th September. The event "a Morning Conversation about Some New Treats from Google" is expected to unveil new hardware produced by the company. News has been circulating that the company will unveil new Chromecast and new Nexus phone at the event.
Jessica Alba's The Honest Company grants a 16-week paid maternity leave to its employees
Jessica Alba's The Honest Company will offer paid parental leave starting next year. Mothers would be entitled to 16 weeks maternity leave and fathers could access leave for 8 weeks. Paternity leave also comes with another 8-week extension without pay.
Latest News
The newly-elected Labour Party leader Jeremy Corbyn warns supporters that "Brexit" could become a reality as early as next year. Corbyn, who is currently against the move for Britain to exit EU said that the talk between EU-UK in Brussels right now will determine the future of the country.
Taiwan's Hon Hai Precision Industry Co has offered bid to acquire the LCD business of Sharp Corporation. However, the bidding details were not revealed. Without confirming on its plans to offload LCD business or received any bid offer, Sharp Corp continues to explore several options for reviving the trouble-prone liquid panel display business. Sharp has also asked Apple Inc for funding support. Sharp Corp has sought a $1.9-billion revival package from the banks and decided to slash 5,000 jobs as part of the cost-cutting measures. The intense competition in LCD screens for smartphones from Asian companies is taking a toll on Sharp Corp's business.
The closure of the US Export-Import Bank (EXIM) charter is forcing the US companies to explore business options overseas. Major aerospace companies, which have been benefiting from export financing and other encouraging schemes from EXIM, are in favor of shifting out of the US. General Electric (GE) has already firmed up to its plan to set up $400-million turboprop engine in Europe. Aerospace Industries Association (AIA), the largest US aerospace trade group, expresses concerns that many aviation companies are losing their competitiveness in the absence of support from EXIM. However, conservative Republicans are against EXIM charter as it's confined to only three major companies.
Snapchat just released the latest update of their product today. According to the announcement, the four years old company releases its first in-app purchase feature for their 'Replays' along with a new face effect lenses. The 'Replays' feature is only available for US users for the time being.
The federal court ordered Samsung to halt older version of its smartphones for breaching Apple's patent. It was found that Samsung was guilty of copyright infringement filed by Apple. But the features included in the case were no longer used by Samsung.
The debt-ridden Island Puerto Rico has opted for value-added tax (VAT) as a measure to enhance revenues for the government. The new VAT structure will come into force starting1 April 2016.
US tech giant Google may not be paying taxes to Britain, but according to its latest report, it is contributing a great deal to UK's economy through the digital revenue made by local businesses in that nation through the search engine.
Right after Apple announced its new Apple TV, Amazon unleashed on September 17 its new Fire TV set-top box version, along with its Fire TV Stick HDMI dongle, and its new Fire TV Gaming Edition.
Falling in lines of Bank of America (BoA) and Citigroup Inc, the US banking major JPMogran Chase & Co has also indicated the possible drop in the revenues for the third quarter ending September. The high volatile trading during August shrunk the trading volume of the investment banking arm of JPMorgan Chase. Since the bank's strategy of not to lose money restricted the bank from speculative trading during the August crash. JPMorgan Chase also sees China's economic slowdown as a speed breaker, but not a devastating thing if the world's second largest economy is growing at five percent. JPMorgan has decided to implement an expansion plan for strengthening retail operations.
