In spite of the economic downturn, Polaris Software Lab is seeking to expand its reach in emerging markets and acquire new businesses. Its global sales president Kartik Kaushik outlines the firm's plans to CNBC's Amanda Drury.
"Russia going forward is a country on a knife-edge," Jochen Wermuth, founder of the Greater Europe Fund, told CNBC Monday. Political leaders in Russia have to decide whether to face up to corruption and lawlessness, he added.
US consumers spent nearly 8% less per person this year over the black Friday shopping period, compared to last year, according to the NRF. "The good news is, even though shoppers were spending less, there were more people there," Natalie Berg from Planetretail told CNBC.