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Feelgood Leicester boosting hopes on rebalancing UK economy

The renewed activity of football Premier League is bringing cheer to Leicester city. The flourishing economic activity in the far neglected city is reviving the hopes on rebalancing the UK economy. Economists suggest for enhanced economic activity in East Midlands for rebalancing Britain's economy.

Feb 19, 2016 10:14 AM EST


RediFit, A Tech Startup, Winner of The PowerMoves Miami Demo Day 2016

PowerMoves celebrates Miami Demo Day every year since starting journey in 2014. It helps in transforming tech startup ideas into businesses derived from black women entrepreneurs. This year, RediFit, developer of a tech induced knee sleeves for the athletes useful in avoiding injuries, has won the $25,000 prize.

Feb 19, 2016 10:06 AM EST


InVisage introduces SparkP2 for IoT devices

InVisage unveiled SparkP2 for Internet of Things instruments. The SparkP2 has the potential to arrest 2-megapixel pictures and consumes less power than the traditional silicon cameras.

Feb 19, 2016 9:59 AM EST


Rise of micro VC funding in India as investors focus on early-stage investment

The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.

Feb 19, 2016 9:52 AM EST


Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

Feb 19, 2016 9:45 AM EST


Deflation in steel, other commodities dent Japan's export basket

Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.12 billion), while the imports also fell 18 percent.

Feb 19, 2016 9:37 AM EST


Puma Says Future is Female as Rihanna Draws More Sales

Puma is making a huge come back as sales grew more than anticipated. Rihanna's line of premium designed shoes along with the Fenty collection is drawing more customers boosting the company's once meager sales.

Feb 19, 2016 9:33 AM EST


Facebook Plans to Monetize Messenger; Will Allow Businesses to Send Ads

A leaked document revealed Facebook’s plan to start monetizing on of its fastest-growing and most popular product, the Messenger. The document stated that in the second quarter this year, a new feature would be launched, allowing businesses to send advertisement chats via Messenger.

Feb 19, 2016 9:25 AM EST


Massive cocoa production will revive struggling economy of West Africa

Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.

Feb 19, 2016 9:18 AM EST


Chancellor George Osborne misses approval rating as faith in UK economy slides

Britain is losing its faith in the chancellor George Osborne as he is readying for the annual budget in the midst of global challenges facing the nation's economy. Poor economic conditions prevented the chancellor from achieving his election targets.

Feb 19, 2016 9:13 AM EST


Marijuana Sales Hits Nearly $1 Billion Mark In Colorado

Marijuana sales in Colorado has hit the massive $1 billion mark. After legalization of the cannabis for medicinal and recreational purposes in 2012 the sales has increased by 42 percent over the last year. The state would reportedly use about $35 million of the tax profit for construction of schools.

Feb 16, 2016 7:19 AM EST


Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity

Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.

Feb 16, 2016 7:12 AM EST


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