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.
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Volkswagen to fix deceptive engine software in October
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.
Ford's 2017 Super Duty trucks lighter but stronger and more modern
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.
PlayStation is the third most intimate brand for millennials
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
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.
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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.
The recent scandal that Germany faces has revealed the loose sanctions that its government has for the German automobile industry, what with the latter being the nation's poster child with its combined contribution of 413 billion euros revenue from the three biggest carmakers: Volkswagen, BMW, and Daimler in 2014 alone. Whether it is justifiable or not has raised a moral issue argued upon these days with "just how many lives have perished because of this?" as the primary argument.
The new Chief Executive Officer of Volkswagen Matthias Müller, former head of Porsche, has assured investors and customers of thorough probe into the emission cheating scandal, which is creating tremors for the German's leading automaker.
Retail giant H&M is looking forward to boosting its brand awareness throughout China with the opening of majority of its new establishments this year in the country regardless of the global concern over Asia's unstable economy, The Drum reported.
The global effect of climate change is devastating, prompting countries and giant companies to take action in addressing the changes in climate. On Wednesday, nine major companies are expected to take part in a global coalition of firms intent on transitioning to renewable energy. New members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart, and Goldman Sachs. Couples of companies had already reached the target of 100% while others do not expect to do so for several decades but are generally setting assertive interval targets, according to The New York Times.
It's not rocket science to figure out that everything that runs with electricity costs money; exactly how much it costs, however, has just been recently figured out. People these days are not only looking for the best mobile devices; they are also on the lookout for better battery lives. Big Corporations such as Apple has taken an initiative for this. For example, according to MacStories the newly released iPhone 6S and the iPhone 6S Plus and its new iOS 9 have optimized apps and key technologies that help its users have an energy efficient experience. That's because everyone just struggles with battery life and there's no such thing as enough battery.
Google will install public Wi-Fi across 400 railway stations in India. Reports say this would be the largest public Wi-Fi in the country and certainly one of the largest in the world.
IBM is bringing its supercomputer, Watson, to Silicon Valley. The tech giant will open in San Francisco, California an innovation center for Watson, known for defeating human rivals on the TV quiz show, Jeopardy, in 2011.
Facebook introduces the 360-degree video. It is a new feature which will let you roll videos in any angle. The new feature will be accessible first on the web and Android devices.
