April 13th, 2012
04:33 AM GMT
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(CNN) – The cost of Friday’s failed rocket launch by North Korea is estimated by South Korean intelligence officials at $850 million – nearly enough to feed about 80% of the population of the impoverished nation for a year.

The launch site cost $400 million and the rocket and payload cost an additional $450 million, a military official told Yonhap, South Korea’s state-affiliated news agency. Yonhap says the cash could feed 19 million for a year. North Korea has a population of 24.3 million in 2010, according to the World Bank.

"North Korea has suffered a deficit of 400,000 tons of food every year. So, the money could resolve the problem of food shortages for six years," the official said.
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April 10th, 2012
06:44 PM GMT
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them. In this guest blog, Millennial Joe Braidwood questions Facebook's $1 billion purchase of Instagram.

(CNN) - Yesterday Mark Zuckerberg casually penned 352 words on his Facebook Timeline to let the world know that he’d agreed to buy the popular photo-sharing app Instagram.

My first reaction was that this was a great move - photos are the most shared content on Facebook, and injecting some great engineering and vision into that part of their product portfolio, while also acquiring a big community of passionate users, makes perfect sense.

Then I read the price on VentureBeat - $1 billion in cash and stock. No, must be a typo. I checked TechCrunch. One billion.  FULL POST



April 10th, 2012
09:54 AM GMT
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(CNN) – Troubled Japanese electronics giant Sony says expected losses for the year ended March 31 will be more than double earlier forecasts.

In a statement Tuesday, Sony said it would lose 520 billion yen ($6.4 billion), compared to the 220 billion yen ($2.7 billion) it predicted in February. FULL POST

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Filed under: BusinessJapan


April 10th, 2012
03:57 AM GMT
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Future Cities continues to explore why Vancouver continually tops the liveability index charts, this week looking at the city’s commitment to local food production. We meet the urban farmers who are growing tons of food in tiny spaces, all part of Vancouver’s ambition to among the most sustainable cities in the world.

Filed under: Future Cities


April 9th, 2012
09:52 AM GMT
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Hong Kong (CNN) -– If you’re a glass “half full” or a glass “half empty” kind of person, you’ll see what you want to see in China’s latest inflation number. The hard number: March CPI came in at 3.6%.

On the positive side, March is the second month in a row that inflation was below 4%. Last month, China’s Premier Wen Jiabao announced a 4% inflation target for the country. FULL POST

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Filed under: AsiaChina


April 6th, 2012
01:16 PM GMT
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Malam Jabba, Pakistan (CNN) – Pakistan's government is hoping that a former Taliban stronghold can attract tourists and boost business for the country.

Malam Jabba, in Pakistan’s Swat Valley, is a seven-hour drive north of the capital Islamabad. It is Pakistan's winter wonderland, where people live on just dollars a day, surrounded by natural beauty.

It’s also the Pakistan that few see, with scenery that rivals anywhere in the world. Many here hope this natural beauty will help get the Swat Valley back on the map as a leading tourist attraction.

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April 6th, 2012
07:53 AM GMT
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(CNN) – Samsung is predicting a record boost to its profits for the start of 2012, thanks to burgeoning smartphone sales.

The South Korean technology giant expects an operating profit of $5.15 billion for the first three months of the year - almost double the figure it reached a year ago, according to its press release. FULL POST

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Filed under: AsiaSouth KoreaTechnology


April 5th, 2012
07:34 AM GMT
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(CNN) – It’s the fifth year of one of cricket’s most colorful events - the Indian Premier League T20.

The tournament, which includes star players from across the globe playing for various Indian state franchises, has frequently been dubbed a “money-spinner,” with a wealth of sponsors, high-profile politicians and even Bollywood stars backing the competition. FULL POST

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Filed under: BusinessIndia


April 4th, 2012
03:04 PM GMT
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London (CNN) – Many of Europe’s best economic minds have been searching for a radical solution to the European debt crisis.

The troubled area's biggest hitters - from the former head of the European Central Bank, Jean-Claude Trichet, to Jose Manuel Barroso of the European Commission - have all failed to prescribe a remedy to the problems facing the single currency.

Now an 11-year old Dutch boy has devised a draconian plan inspired by a Mediterranean delicacy - pizza.
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April 4th, 2012
10:37 AM GMT
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them. In this episode, Intern Latin America's David Lloyd comes to London and tests some potential new staffers while trainee actor Michael Burbach gets ready for the working world. In this guest blog, Michael explains why the theatre remains such an important art form.

New York (CNN) – “Ladies and gentlemen, the performance of [title of show] will begin shortly. Please turn off all cell phones and electronic devices. Thank you, and enjoy the show.”

The lights are dimmed, the first few notes from the orchestra are played, and the curtain is raised. I take a big, slow breath as the first moments of a Broadway show begin. Only the stage exists, time dissolves. I’m lost in the Magic of the Theatre.

Oh, wait. No. I’m still on earth. I’m reminded of this by the pinprick of light in my peripheral vision. My eyes unglue themselves from the actors to investigate the star amidst the sea of audience.
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