IBT Staff Reporter

Best Friends Pet Care, a luxury pet resort was opened in Walt Disney World Resort on Sunday. The sprawling resort has 17,000 square feet air-conditioned indoor space, 10,000 square feet of covered outdoor runs and play areas, and a 25,000-square-foot dog park exclusively meant for all Best Friends clients and their pets.

The recession hit US economy had forced the rich spenders go a little tight on their shopping spree, affecting most high end companies. However, there is good news coming as some top luxury brands are already hitting the recovery path.

Want to experience and appreciate the grandeur of the Great Wall of China, almost like the way you do in a private city gallery?

Palmerston Hotels & Resorts, a company specializing in luxury boutique hotels and integrated resorts, is planning to develop a luxury property in Philippine's Boracay island.

Mainland China people are more enthusiastic about buying luxury goods than any other part, according to Ivan Tong, chairman of Sparkle Roll company.

If your style statement veers towards the classic and the understated then you are bound to like the latest range of watches from master watchmakers Raymond Weil.

Holden Special Vehicles, the Australian luxury high performance car manufacturer, is planning to launch a souped-up version of its HSV Grange WM3.

Adrian Jules, the American suit maker is reviving British fashion as worn by late Duke of Windsor Edward VIII - who famously said that brown hue is not a color to be worn in the city, but is more suited for the countryside.

Azimut 64, the next gen take on the popular flybridge yacht Azimut 62, is all about sleeker, sportier design and elegant finish. The whole design of the new flybridge is well balanced and space has been used optimally.

Cointreau brand ambassador, burlesque star and fashion icon Dita Von Teese is ready to sizzle Sydney and Paris this month.

Drugmaker Wyeth used ghostwriters to play up the benefits and downplay the harm of hormone replacement therapy in articles published in medical journals, U.S. researchers said on Tuesday.

Long-term weight loss may release into the blood industrial pollutants linked to illnesses like diabetes, hypertension and rheumatoid arthritis, researchers said on Tuesday.

A U.S. judge refused on Tuesday to lift a ban on federal funding of human embryonic stem cell research despite Obama administration warnings it would set back key research and cost more than a thousand jobs.

China's toughest ever smoking ban which aims to stop people lighting up during November's Asian Games will carry fines of $7, state media said on Wednesday, a limited deterrent to smokers in one of China's richest cities.

Offshore debt sales spurs confidence that the borrowers have the resources to weather a slowing economy, make clear by the fact that bonds issued by China developers are rebounding from their worst first half in two years as a record $6.8 billion, according to Bloomberg.

Like everything else, there are two sides to this supposed upside of a buoyant property market in several Asian countries.

Toyota Motor Corp plans to begin producing a hybrid version of the Yaris subcompact at its factory in France in the business year starting next April, the Mid-Japan Economist newspaper said.

Daimler could resume its dividend this year at nearly twice 2008's rate and may bring forward a planned bond issue.

Italian car maker Fiat SpA will hire Toyota Motor Europe's Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.

Hyundai Motor's steady climb in the global auto industry has nurtured a strong base of local suppliers, and South Korean parts makers could be looking at more business overseas after adding premium car brand BMW to their list of clients.

President Barack Obama is considering a number of options to try to jump-start job creation, the top priority for recession-weary Americans as the country heads toward congressional elections in November.

President Barack Obama's new stimulus plan directs government assistance to some of the strongest parts of the economy without solving the biggest problem: finding work for the 14.9 million unemployed.

Job prospects have improved dramatically in emerging markets like China compared with three months ago, but the fourth-quarter hiring outlook dipped slightly in the United States and Germany

Macquarie Group begun cutting jobs late on Monday after warning of a 25 percent drop in first-half earnings amid weak markets, The Australian newspaper reported on its website on Tuesday, citing unnamed fund managers.

U.S.-based Valeant Pharmaceuticals International, which agreed to be bought by Canada's Biovail Corp in June, said they would cut about 25 percent of the combined company's U.S. and Canadian workforce as part of the integration plans.

Network Communications Inc, the company behind U.S.-based real estate-related publications such as The Real Estate Book, said on Friday it signed its fourth extension on a standstill agreement with lenders as it continues talks on restructuring debt ahead of a November expiration.

The percentage of U.S. home sellers who cut their asking price fell in August, the first time in five months, with price reductions holding steady from the month before, real estate website Zillow.com said.

Jennifer Lopez said she hardly finds time for herself for relaxation as she keeps worrying about her family. The 41-year-old singer-and-actress, who has two-year-old twins Max and Emme with husband Marc Anthony, admits she doesn't find time to indulge her own hobbies and interest.

A further downturn in the battered U.S. housing market has put the Obama administration in a tough spot with few tools to stem foreclosures ahead of congressional elections in which Democrats face big losses.