Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

AT&T team up with Intel to test drone technology and adds 4G LTE on drones connectivity. The companies will showcase their work in Barcelona, Spain at the Mobile World Congress trade show.

Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equity capital commitments, Monument Group Inc. is to serve again as exclusive placement agent.

Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Piramal has infused $50 million into Montane Ventures will mobiles $150 million additionally from external resources.

Russia's leading oil producer, Rosneft has proposed investing another $500 million in Venezuela's state-owned Petroleos de Venezuela SA, to increase their stake from the original 16.7%. The proposition has come at a time when the country has declared an economic emergency after oil prices dropped to an alarming $24 a barrel.

Punjab drug consume is one of the higest in India. The main reason of this is unemployment and frustrated economic expectations. Another factor that plays an important role is the easy access to drugs.

A gamut of factors are affecting the South African economy as dwindling inflows of money, weaker currency, rising unemployment rate and severe drought conditions are at their worst in 25 years. South Africa's GDP growth rate is projected to slowdown further in 2016.

The invention of Hoverbike, which is essentially half helicopter, half motorcycle, could be a game-changer in the field of aeronautics. Its prototypes are already being considered for future transportation and battle use.

If you always forget your car keys, don't worry because Volvo has an innovative way to solve your problem. By 2017, the car maker will unveil its commercially-available cars installed with the digital car key technology to access your car and drive it even without a physical key with the help of a smartphone.

Mobile startup Jana has a new influx of cash and an old industry hand as a new adviser. It recently nabbed a $57 million funding from Verizon Ventures for expansion in developing countries.

The US Department of Justice has been favored with a court order in getting technical assistance from Apple for unlocking an iPhone. Apple CEO has vowed to challenge the court order citing iPhone security. Finally HECC has come forward to end the dead lock situation with invitation to Tim Cook for discussing a possible solution mentioning no set date.

Prices usually fall amid plenty of inventories. But 2016 appears as a booming year for Phoenix Real Estate due to increased demands from the buyers. Lack of new construction during the last seven years and soaring up house rents are the contributing factors for the rise in demand. Reduction of inventory in 2015 by 5.5% coupled with increased sells in recent days, accelerate the booming for Phoenix.

This summer HSBC will allow 15 million customers to use the biometric system where account owners can access their accounts online through their fingerprints or voice. This scheme would make hackers and identity thefts difficult to mimic the real owners.

Apple Inc is planning to increase investment in India. The company recently indicated that it is eyeing the second largest market in the world for long-term investment opportunities.

Salesforce has been on acquisition spree and latest PredictionIO is the 36th acquisition for it. Salesforce will further enhance technology applications range in machine learning and big data analytics.

Silicon Valley-based private co-investment platform F50 has the launched beta version of co-investment Syndication Platform. F50 facilitates both the online and offline transactions for investors and startups. It doesn't charge a transaction fee to founders.

Space propulsion startup Accion Systems has announced that it would start receiving orders for micro-propulsion systems, it's selling miniature electrospray ion engines. Accion Systems has developed micro-propulsion systems for CubeSats and other small satellites.

Taxi app Gett launches a new service called "Gett Courier" to up its game among competition. The new service promises to deliver packages across London within an hour, by an excellent team of delivery boys and girls who have undergone an intense study of the streets and by-lanes of London.

Local smartphone manufacturer Ringing Bells, launched an affordable smartphone called the Freedom 251 on Wednesday. With immense support from the India government, it released the smartphone in attempt to connect every Indian.

Lumia 650 is the latest product from Microsoft that was launched on February 15. Though it is aimed at business-oriented users, the phone doesn't have the business-friendly Continuum feature which is deemed significant to its target market.

Apple Inc. offers second largest bond sale this year for its capital return plan. The Company has released its fifth multibillion dollar offering since 2013.

TimkenSteel Corp. hired finance and management consulting company PricewaterhouseCoopers to help explore financing options amid plunging commodity prices.

Malaysian government halts its recruitment of foreign workers particulary Bangladeshi. Protests from private and public sectors arise urging the government to give clarification about the agreement. The deputy prime minister confirmed that the registration of 1.5 million Bangladeshi workers does not mean that all of them could gain entry on the Southeast Asian country and be hired.

Apple and FBI want to resolve their feud over the decryption of the iPhone of the San Bernardino shooter but the giant tech company turned FBI's request. John McAfee, inventor of the McAfee software, offers assistance to solve the case.

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.

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.

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

Heads and ministers of some African countries, representatives from business groups and other dignitaries will meet in Africa 2016. Egyptian government has organized the summit scheduled to be held on February 20-21. During the summit, the participant leaders will discuss ways to remove hurdles in Businesses and establishing a free trade zone in Africa.

Koji Ishida, Bank of Japan's policy board members said the negative interest rate will do very little to boost investment. Continuing tumult in the market may hurt Japanese economy.

The soda maker Cott Corp posted fourth-quarter adjusted net income of US$3 million, boosted by the growth in the DS Services coffee and water home delivery business.