Hong Kong (CNN) – Colombia’s free trade agreement with the U.S. creates opportunities for Chinese businesses getting squeezed out of the North American market by the ongoing trade disputes between the world’s two largest economies.
For China, this is the opportunity to get goods relabeled as Colombian and enter the U.S. with zero tariffs. And as businessmen think about the new possibilities, many are rushing to rewrite business plans.
“The Chinese have their eyes on Colombia because it is the bridge they need to reach the U.S.,” José Antonio Mutis, Colombian Consul General in Hong Kong, told CNN.
There are still few details on how a final product can be considered South American. For now, officials only have a rough idea.
“With around 35 to 40% of the value of a product added in Colombia, it may be considered Colombian and enter the U.S. tax free,” an official at the trade office of the Colombian Embassy in China told CNN.
Moscow (CNN) – A century of revolution and regime change has scarred the Moscow skyline, and left its people struggling to define their cultural identity.
The soviets systematically destroyed or gutted much of the old tsarist architecture, but after the fall of communism the new government gave orders for some key elements to be restored.
Since then, the trend of restoring Moscow’s pre-soviet heritage has taken root, and has captured the imagination of both architects and muscovites in general. CNN's Richard Quest explores huge restoration projects in some of Moscow’s most iconic buildings, including a rare look inside the Kremlin.
New York (CNN) – Can Apple make you rich? That is what John Vons hopes.
An architect by professional, Vons was laid off three years ago. Frustrated and running out of options Vons decided he needed to reinvent himself. Inspired by the design and popularity of Apple's products, Vons created an iPhone accessory he calls the yofo. It is a small suction device that allows you to cradle the iphone on your shoulder or stick it on a surface to more easily watch content.
As he and his partner, Genie, made the rounds to secure funding, the feedback was good, but would-be backers shied away due to the shaky economy. A friend finally came up with enough to pay for the first batch, but there is little left over for marketing.
(CNN) – A new Catalyst study examining career advancement strategies has debunked the myth that women make less because they don’t ask—they do, they just aren’t being heard.
According to the study, men who employ traditional career advancement strategies—such as making your willingness to put in time and effort known and accepting challenges—are more likely to be rewarded, in the form of promotions or pay raises, than men who don’t.
However, women who adopted these strategies were not much more likely to advance than women who didn’t.
Abu Dhabi (CNN) – A stone's throw from the Abu Dhabi downtown waterfront, it is hard to miss major construction works. Hotel and apartment towers and road building are taking place right across from the Emirates Palace Hotel.
It does not look as if there's scope for recession here or heading east to Asia, where growth is expected to average more than 8% next year, according to the International Monetary Fund's latest forecast.
Sydney, Australia (CNN) – In the latest maneuver in the smartphone wars, Samsung is offering its latest Galaxy S II smartphone for a token $2 to the first 10 people in line each morning at a temporary store just steps away the Apple flagship store in Sydney.
Normally priced at $850, the deep discount attracted some young buyers to camp out three or four nights to snatch the phone. "We calculated that the amount of money we are saving ... makes it equivalent to being paid $15 an hour just to loaf around for four days,” one person waiting for a phone told CNN.
“Apple gives no discounts on the iPhone, so honestly I’m not sure why you would line up to pay full price for a phone that’s not as good as a Samsung,” said James Constantine, who bought a $2 phone after waiting outside for three days.
London (CNN) – It's taken months, but Europe's leaders are starting to put pen to paper and be willing to spell out, in some detail, how to fix the eurozone - if it's fixable.
I think it is fixable. It will include a massive restructuring of Greek debt, call it default or not.
European Commission president Jose Manuel Barroso - or what he should be called; the euro cheerleader - did not say as much in his speech to the European Parliament Wednesday.
London (CNN) – You know things are bad when an email like this lands in your inbox:
Subject: is it time for a quick catch up?
Before the world expires…
The message takes on a new meaning when you realise it’s from the former head of one of the UK’s larger financial services companies.
As the eurozone crisis rages seemingly without end and big banks are being bailed out again, many are bracing themselves for a return of the pronounced recession that characterized the end of the last decade.
But is there evidence to support such a claim?
Economists at Deutsche Bank have done much of the number crunching for us. In a comprehensive presentation sent to clients this week, the lender’s research team put forward some sobering predictions.
Hong Kong (CNN) – Gucci stores in Shenzhen, China are facing allegations from former employees of operating as high-end “sweatshops,” according to reports earlier this week in China’s English-language newspapers, China Daily and Global Times.
In late September, five former employees released online an open letter to senior executives of the Italian designer brand, including claims of a draconian list of employment regulations such as time limitations on bathroom use and unpaid overtime extending past midnight.
A Gucci spokesperson told Chinese media, “Gucci does not and will not endorse or tolerate the alleged malpractices.”
If you’ve always dreamed of seeing Tokyo’s cherry blossoms or Kyoto’s famous temples, or even the Anime maid cafes of Akihabara, the Japanese government wants to help turn your hopes into reality.
In order to boost visitor numbers in the wake of its recent disasters, Japan’s official tourism agency hopes to provide free flights for 10,000 foreigners to travel to the country. FULL POST
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.