The giant tech company, Google had unveiled their latest android flagship during an event on October 29th. The company releases two new android phone the Nexus 5X and big-screened Nexus 6P. The event marks the first official gadgets release under the new CEO Sundar Pichai.
Sectors
Rising China spoiling party between the US and Japan
Of late, Japan has been facing a different situation albeit rough weather in the international diplomacy. Japanese Prime Minister Abe Shinzo didn't (couldn't) meet Barack Obama, the US President, this week at the 70th year founding celebrations of the United Nations (UN) held in New York. However, the list of dignitaries that Abe met included Vladimir Putin, Russian President, and Park Geun-hye, South Korea President. Abe participated in a number of meetings and met several important global leaders on the sidelines of the UN celebrations.
Virgin America ties up with Netflix over on-board entertainment streaming
Virgin America, the U.S. based low-fare airline, teamed up with the top Internet TV network, Netflix, to provide a free in-flight streaming of movies and TV shows.
$57 million loan to fund the Renatosu Soma Solar Park
Japan is setting up a 53-megawatt solar powered station to be situated in northern Fukushima. Four lending institutions will back up the project namely Mitsubishi UFJ, Sendai-based 77 Bank which will provide the highest amount of loan of $57 million and other two lenders according to PV Magazine.
Apple launches Apple Music to Chinese consumers
Apple finally announced the launching of Apple Music to Chinese customers. The app comes with a three-month trial. After that, 10 Chinese yuan per month will be charged. iTunes, iBooks, and Movies were also made available.
Latest News
Oklahoma-based energy company, Chesapeake Energy Corp said it had laid off about 15 percent of its employees and citing the low oil price and gas as the main reason for the move. The second-largest natural gas company in the U.S had laid off 740 workers on Tuesday so far.
The leading global auto major Volkswagen, which is reeling under pressure owing to emission tests rigging scandal, has assured that it would replace the deceptive engine software that manipulates results from emission tests. It's estimated that about 11million vehicles sold across the world have been fitted with manipulative engine software. The German automobile company will start informing the owners of 11mn vehicles. It's found that these vehicles emit harmful pollutants 40 times higher than the US environment standards. However, Volkswagen didn't elaborate on the exact time of completion of the process or any compensation to vehicle owners. Volkswagen will submit a plan on technical solutions to regulators and environmental authorities for approval in October.
The 2017 Ford Super Duty model has a series of full-size trucks that will change all that seems to be the flaws of the previous trucks including air bags and colored touchscreens.
Sony's PlayStation is in the top three as the most intimate brands for millennials based on the research done by MBLM. The report will be released on October 6.
Castro knocks out U.S. trade embargo at UN. The Cuban President, Raul Castro spoke Saturday for the first time at the United Nations and salute renewed diplomatic ties with the U.S. as "major progress". However, he knocks out a US trade embargo as the number one hindrance to Cuba's economic development, as reported by MSN News.
Amazon just unveiled their latest gadget, the Amazon Fire HD 10. It is the widest tablet offered by Jeff Bezos's company and it comes with a price tag far cheaper than any other high-end tablet by another manufacturer at $229.
As part of its new strategy, Microsoft Corporation will announce quarterly results under the three new headers based on operating a segment-wise business. The global software major has devised a rearranging system for financial results by restructuring business into three operating segments.
Feeling the heat over the China's economy slowing down, Kobe Steel Ltd has reduced its profit target by 58 percent for its construction machinery unit Kobelco Construction Machinery.
The slump business in the mining industry had led Caterpillar to reduce its revenue expectation for this year. The latest revenue projection is $48 billion which is 25 percent lower compared to the last 4 years. The reduction means not only the company will suffer, but its heavy machinery parts supplier is feeling the effects too.
