July 27th, 2011
10:25 AM GMT
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(CNN)  Barely a month after South Sudan marked independence, a new type of conflict threatens to define relations with its neighbors in Khartoum: a currency war.

The so-called “economic war” stems from a violation in an agreement between Sudan and South Sudan over the Sudanese pound, the prior legal tender, after the south declared independence on July 9. FULL POST

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Filed under: BusinessMarketplace Africa


July 26th, 2011
10:10 PM GMT
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Valencia was built on the banks of the river Turia, which was prone to flooding. After a disastrous flood in 1957, the river was redirected away from the city.

The dry riverbed now runs through the city like a green artery, and is used as a garden and host to spectacular buildings.

Now, a project is afoot to further beatify the strip.

A masterplan is being developed which will renovate the blocks which have been left derelict, creating a ‘Delta of Green’ that will unite the city to the sea.



July 25th, 2011
08:53 PM GMT
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The high tech haven of Silicon Valley is all about how to make technology better.

And it is this simple idea that spawned Ruckus Wireless, led by chief executive Selina Lo.

The entrepreneur, on her third tech start-up, tells CNN's Pauline Chiou about finding top talent, researching the market and being a female executive in the valley.

Filed under: BusinessExecutive Insider


July 25th, 2011
04:36 PM GMT
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Amy Winehouse's CDs have sold out in shops across the UK, after the troubled star's untimely death sparked a surge in sales of her critically-acclaimed work.

Downloads of the "Valerie" singer's albums - 2006's "Back to Black" and 2003's "Frank" - spiked over the weekend, and sales of her CDs and records have jumped, both in store and online.

Winehouse, 27, was found dead at her home in Camden, London, on Saturday. The cause of her death is as yet unexplained, but she had a long and well-publicized battle with drink and drugs.

"Back to Black," which featured some of the singer's best-known hits, including "Rehab" is currently topping the sales charts at Amazon.com, and on the online retailer's French and German sites.

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Filed under: BusinessMusicRetail


July 22nd, 2011
05:22 PM GMT
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The fractured 17-nation eurozone is heading toward the first default of one its members after Greece was last night forced to accept its second bailout in the face of an overwhelming mountain of debt.

The EUR109 billion bailout, which follows last May’s EUR110 billion bailout, introduces new measures including extensions on the time allowed for Greece to pay back its debts, decreased interest rates and a financial hit for private sector investors, who were previously regarded as sacrosanct.

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July 22nd, 2011
04:53 PM GMT
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After weeks of deadlock and several hours of fraught negotiations, eurozone leaders finally agreed to award Greece a second eye-watering chunk of cash. The move caused stocks to rise, bond yields to fall and gave confidence to the euro, which gained against the dollar.

So far so good, but looking further into the future, numerous questions still remain unanswered.

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July 21st, 2011
09:51 PM GMT
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Since this crisis began, eurozone ministers have met time and time again. And years later, here we are, still trying to dodge the same problems. Still arguing over the same sticking points. The phrase that critics use in this situation is as true now as it has ever been: Europe is kicking the can down the road…

Filed under: BusinessQuest Means Business


July 21st, 2011
12:44 PM GMT
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Johannesburg, South Africa (CNN) Nelson Mandela’s 93rd birthday recently made many people reflect on what the former South African president meant to them. It cannot be overstated just how important Mandela’s leadership was in steering South Africa away from civil war and into a democracy.

His particular style of leadership was fuelled by an innate inner strength, a deep sense of self-confidence and years of patience honed in an apartheid jail.

The characteristics that define Mandela, who was the right leader at the right time, ­provide clues for all of us on how to manage conflict, deal with enemies and play the long game.

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July 21st, 2011
05:52 AM GMT
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(CNN) – Japan’s businessmen now have a new way to navigate the country’s rigorous and sleep-deprived work environment: a necktie with an inflatable pillow.

Dubbed as the “Nemuri Tie,” or “sleep tie” in Japanese, the garment’s hidden secret is an inflatable bladder sewn into the back. Able to support up to 25 pounds, the silk and microfiber ties are inflated by blowing on a hidden nozzle.

In a country where “death from overwork” is common enough to have its own word, karoshi, the Nemuri Tie is among the latest unorthodox sleep-aids – such as the “lap pillow,” a pillow shaped like a women’s lap, and an umbrella with a built-in pillow – now being marketed to Japanese salariman.
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Filed under: BusinessJapan


July 20th, 2011
08:08 AM GMT
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(CNN) – Who would have guessed the day after James and Rupert Murdoch testified before a UK parliamentary committee, we’d be talking about Wendi?

And yet, here we are. The “slap heard round the world” is the talk of the town (or at least of Twitter). And so is Rupert Murdoch’s third wife Wendi Deng, who batted away the protester who tried to throw a shaving cream pie at  her husband – reacting even faster than security guards.

U.S. news anchor Katie Couric tweets: “Wow wendy murdoch giving whole new meaning to the term tiger mother...insanity!.”

This from comedian Andy Borowtiz: “After today's #Murdoch hearings, British politicians are no longer afraid of Rupert, but are terrified by Wendi.”

And more from the public. Some funny, some not (and some downright offensive.)  A Wendi Deng fan club on Facebook now has over 700 fans.
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