VENTURE CAPITAL POST

The best performing sector as of midday Friday is the Utilities sector, which displays a stellar performance amongst others, up 0.2 per cent.

Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.

Samsung introduced its Gear VR new application in the culinary industry. Working with Sublimotion Restaurant in Ibiza, the Korean tech giant enriches dining experiences with the virtual reality technology, transporting diners from place to place, giving a unique dining sensation.

South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.

Victoria’s Secret CEO Sharen Turney announced her resignation on Friday, concerning investors and briefly crash the parent company’s shares after the news. However, the company had assured investors that the company will retain its success with the parent company’s founder and CEO Les Wexner assuming the role and Turney remaining as the lingerie brand’s advisor.

The latest takeover bid was submitted by BNP Paribas SA for BGZ Bank in the Polish market that had seen mega million takeover deals in its banking industry.

The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.

EU submits a list of proposals aimed to improve the EU telecommunications industry.

Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate.

Reports said that investments in the Philippines increased by almost 40% after six months.

According to Singapore's GIC, China's credit crunch will have great effects on many economies worldwide.

Analysts believe that Asus' late entry to the US tech market will be its toughest challenge yet.

The tequila industry expected to record sales due to National Tequila Day, a vital holiday being celebrated today.

According to an industry expert, the natural gas industry of Australia needs to have a policy revamp to stop possible losses and divestments.

According to analysts, Microsoft's gamble on the touchscreen industry prompted the company's current loss.