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Brazil's economic struggle and the counterintuitive oracle of technology

Brazil's interim president Michel Temerm promises economic as well political calm, but he faces a massive challenge, and Warren Buffett's surprise technology investment choices.

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Brazil's economic struggle and the counterintuitive oracle of technology

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The political crisis in Brazil has resulted in Michel Temer taking over as interim president after the country’s senate voted to suspend Dilma Rousseff.

Temer has said he hopes to reduce unemployment and bring economic and political calm to Latin America’s biggest country.

But he faces quite a challenge given that Brazil has been engulfed not only by a political, but also by an economic crisis.

We’ll look at the full extent of that challenge in this edition of Business Line.

Plus, in our IT-dedicated segment we report on Warren Buffett’s latest forays into technology territory. What companies is ‘Oracle of Omaha’ resting his hopes on? The answer may surprise you.