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Brazilian middle class struggles as economy drops

The ongoing recession in Brazil's economy is resulting in many job cuts. This is impacting the new middle class section in more negative way. Many middle class families are slashing their spending plans and this in turn affecting the retail sales in the economy. Earlier, commodities-driven boom graduated millions of poor people into new middle class status. But, the latest recession is giving tough time to middle class Brazilians.

Oct 13, 2015 9:17 PM EDT


Ferrari needs better strategy to attract more investors

Ahead of Ferrari initial public offering, analysts are concern that the company will not be able to give a great return in the long run. However, the company's chairman is optimistic that the brand will be able to grow better after its IPO.

Oct 13, 2015 9:07 PM EDT


Xiaomi Mi4c's specifications similar to Google Nexus 5X

Chinese smartphone manufacturer, Xiaomi released a mid-range smartphone today with specification equals to the latest Nexus 5X. However, the smartphone is only available for the Chinese market.

Oct 13, 2015 9:00 PM EDT


Ex-JPMorgan banker may become Barclays' CEO

Barclays Plc may appoint Jes Staley as its new CEO. The UK's third largtest bank is expected to make announcement within two weeks. Staley is former banker at JPMorgan Chase. Antony Jenkins, previous CEO, was fired by the bank in July as he lost support from non-executive directors.

Oct 13, 2015 8:54 PM EDT


$1.68-tn M&As in 2015 nearing dotcom-driven 2000's $1.73-tn record mark

The mergers and acquisitions (M&As) this year so far stand at $1.68trillion and this is near to previous record level of $1.73tn registered in dotcom-driven year 2000. The latest acquisition deal announced by Dell to buy EMC for $67bn is the biggest deal for technology sector.

Oct 13, 2015 8:50 PM EDT


German broadcaster buys Swedish travel firm for $267mn

German broadcaster ProSiebenSat.1 has acquired Swedish online travel agency Etraveli Holding AB for Euro235million ($267mn) from private equity (PE) firm Segulah IV LP. The acquisition deal for ProSiebenSat.1 is its biggest investment in the global e-Commerce. The German broadcaster will expand its digital operations globally following the acquisition. ProSiebenSat.1 is planning to expand beyond TV business.

Oct 13, 2015 8:42 PM EDT


Lawton Michigan Wine Makers Suffers Vineyard Crop Damage after Winters' Severe Freezing Temperature

Local wine makers at Lawton Michigan had been experiencing vineyard crop damage as the winter season hits this year. The harvest grapfruits crops decreased due to the severe freezing temperature.

Oct 13, 2015 9:27 AM EDT


Top Five Food Heaven in Saskatoon City, Saskatchewan,

Canada's prairie province Saskatchewan has a lot of restaurants to boasts. The capital city of Saskatchewan, the Saskatoon city has some of the food heaven that food travelers will enjoy.

Oct 13, 2015 8:41 AM EDT


New Hampshire Local Businesses Undergo a Program for Tourism Promotion

The state of New Hampshire will make another effort to boost up their state economy by promoting more French-Canadian tourism. The local businesses will be undergo a program called, "Bienvenue New Hampshire", that will teach them to create a "Quebec business friendly" environment in New Hampshire.

Oct 13, 2015 8:36 AM EDT


Dell reach a deal for the biggest tech acquisition deal ever

announces that the company will acquire EMC Corp for $67 billion. The deal according to a source is the biggest acquisition ever recorded for a tech company.

Oct 13, 2015 8:33 AM EDT


Ultimate Surf Holiday: Transforming the Meaning of “Surfing” in Sri Lanka

Surfing is now ongoing in south Sri Lanka. The new adventures, uncrowded waves, new frontiers, undiscovered seas, and surfing campaigns await surfers.

Oct 13, 2015 7:35 AM EDT


Top 5 luxurious in-flight meals ranked, Air New Zealand grabs the number one spot

Tourists had dentified sorts of the airline industry in first class and even economy type. A lot of them had had already identified the best meals in top 5 first class flights.

Oct 13, 2015 7:19 AM EDT


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