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Volkswagen CEO steps down; US may slap $18B penalty

Volkswagen's manipulation in emission norms is rocking Germany following the latest resignation of CEO Martin Winterkorn. Analysts forecast that the recent developments at Volkswagen will have an impact on business and politics in Europe's largest economy.


Photoshop maker Adobe reported 21 percent quarterly increase in revenue due to more cloud subscription

Photoshop maker Adobe System Inc's quarterly revenue jumped 21 percent, thanks to the better-than-expected increasing number of subscribers to its Creative Cloud software suite. Reuters wrote that Adobe's net income increased to $174.5 million, which is 34 cents per share in the end of the third quarter on August 28. Last year, on the same period, that number was only $44.7, or 9 cents per share. Meanwhile, its revenue went up to $1.22 billion from $1.01 billion.

Microsoft makes Office 2016 available worldwide

New versions of Microsoft Office apps are out. Subscribers to Microsoft's cloud-based subscription service Office 365 may now download the new apps, including Word, Excel, and PowerPoint. Updated versions of Outlook, OneNote, Project, Visio, and Access are also available.

Everything that you needed to know about iPhone 6S Plus

Reviews about the new iPhone 6S are all over the internet, and most are ridiculously impressed with the advancements of the device. From its 3D touch to its iOS9, it seems everything has changed for Apple's flagship device.


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A few years back, 3D printing was fast becoming an alternative option for a more convenient and efficient manufacturing process. Now, the global 3D printing market is already expected to increase to $20.2 billion come 2019. This is based on the 44% annual growth from 2014. One of its emerging common uses is among kids' products.
It's estimated that savings of Americans for retirement is at a whopping $17 billion per annum. But is it in the safe hands. The conflicted financial advice is costing the US citizens billions of dollars.
It's now time for girl power and enough of the gender inequality. What men can do can be done by women as well. Almost half a billion women already joined the world's labor force over the past 30 years, and women now credit more than 40% of workers all around the world. One reason for the additional workforce is the unprecedented fertility reduction in most distinct countries like Bangladesh, Colombia, and the Islamic Republic of Iran together with the female education improvements, according to International Monetary Fund.
Gone is the excitement among Apple Watch users as they cannot install the watchOS 2 on their devices this coming Wednesday. Apple announced that there will be a delay in the release of the much-awaited software because of the bug forcing them to pull out the software update, as reported by Tech Times.
Apple Inc. is preparing the electric car code-named Titan to be shipped in 2019. In fact, the company had already hired 1800 experts to its development team. According to the Wall Street Journal, the Project Titan had been tripled its team to 1800 members by now. Apple is pushing the project as it targets 2019 for the shipment of the electric car. The report said the company has no plans to make the car fully autonomous on its initial launch, though the driverless car is still part of the plan.
Nielsen reported last Thursday that American marketers and media companies should set their eyes on wealthy black American consumers. CNN Money writes that the report is focused on black American, which includes African-Americans and black immigrants, with at least $75,000 annual income. Nielsen's Cheryl Pearson-McNeil, said black in the US has a collective $1.1 trillion in buying power. "You can't ignore that," she said.
Fujifilm released a new instant camera with better feature aiming to get customers excited about instant camera back. The manufacturer still believes that instant camera have a market even after Polaroid had decided to ditch the market back in 2008. With a price tag of only $130, the manufacturer hopes that this camera will bring back the intimacy in a photo.
Close on the heels of his US tour, China President Xi Jinping said Chinese government doesn't hack commercial secrets nor it supports Chinese companies engaged in such activity. In an interview with Wall Street Journal (WSJ), Xi Jinping further said that whether governments or companies, whoever involved in cyber theft should be punished according to the law. China and the US are equally concerned about the cybersecurity. Jinping seeks the cooperation from the US to check cyber espionage. The cyber crime will be a major point for discussion during the meeting between Obama and Jinping.
Recently, Apple has been having problems with the iOS download leaving iPhone devices to crash and Apple fans deeply frustrated. Some were lucky enough to get the new operating system, but others were unfortunate.
Oil prices rose following the indications that stockpiles are declining and drop in drilling activity. The global oil benchmark Brent was up three percent as expectations that less drilling may reduce future oil production and inventories as well. Gasoline futures also surged on renewed demand. US crude's front-month rose 4.5 percent or $2 to end at $46.68 a barrel. Brent rose 3.1 percent and closed at $48.92/barrel. It's learnt that US drillers have called off drilling activity for the past three weeks. It's estimated that the US crude production may drop by 250,000 barrels per day (bpd) the second and fourth quarters this year.
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