September 15th, 2012
09:08 AM GMT
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London (CNN) – Can you successfully lead, influence and manage?

Do you inspire confidence and credibility?

Are you a person of undisputed integrity and standing?

If so, there's a job just for you: Governor of the Bank of England.

All you have to do now is apply and survive the daunting interview.

The current governor Mervyn King won’t be throwing his hat in the ring. He retires in June next year after two five-year terms in office.

Many doubt King would pass the test this time around given his recent hiccups and the almost super-human criteria.
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September 13th, 2012
10:55 AM GMT
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Kazakhstan (CNN) - The thriving east-west trade that once spanned Central Eurasia along the famed Silk Road may soon be restored to its former glory thanks to growing transport and trade links being rolled out.

Central Asian countries have been working closely together to construct transport corridors, promote energy security, and remove trade barriers.  They have shed outdated trade policies and adopted new rules to increase commerce.

Kazakhstan is one example where this is happening. Merchants passed through here on the ancient Silk Road hundreds of years ago. And now that trade between East and West is booming again, the government has decided it needs to upgrade its infrastructure.

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Filed under: Along the silk roadAsiaBusiness


September 11th, 2012
01:19 PM GMT
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Japan (CNN) - They are called Senkaku by Japan, and Diaoyu by China, and these East China Sea islands are the topic of an increasingly bitter dispute between the two countries.

Both Japan and China claim the uninhabited islands, which lie between Taiwan and Okinawa and are rich in natural resources.

Japanese Prime Minister Yoshihiko Noda told CNN’s Paula Hancocks a deal is almost done to buy them from the Japanese family who owns them, and to nationalize them. The deal is reportedly worth $26 million.

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Filed under: AsiaBusinessGlobal Exchange


September 10th, 2012
06:09 AM GMT
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(CNN) - A new survey shows one in five Spaniards want to quit the euro and return to the peseta.

Spain's "El Pais" newspaper published a poll from Metroscopia Sunday that found 21% want to leave the euro currency, which Spain abandoned a decade ago to join the eurozone.

The poll also found that 72% of those polled believed the Spain, the eurozone’s fourth largest economy, would need a full bailout from the European Union, up from 62% a month ago, Reuters reported.
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September 7th, 2012
01:28 PM GMT
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Havana, Cuba (CNN) - Cuba is experiencing a Russian invasion – but of a purely cultural kind.

According to the Cuban government, tourism from Russia has more than doubled in the last two years, an influx tour guides say has as much to do with Russian nostalgia for Cuba as it has to do with instability in favoured Russian vacation spots caught up in the Arab Spring.

Visitors can see mock ups of Soviet nuclear missiles at Cuban tourist sites - though 50 years ago the real thing led to a Cold War standoff.

The USSR once based thousands of military and intelligence personnel in Cuba, making the country a virtual Soviet colony. Now few traces of that era remain, except for the Russian embassy which still looms large over Havana, the country’s capital.

Cold War fears die hard, however. In July, Russia denied reports that the country was exploring new navel bases in Cuba.

But for now at least the greatest threat posed to the Russians who return to Cuba as tourists may be sunburn.

Filed under: BusinessGlobal Exchange


September 6th, 2012
04:01 PM GMT
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London (CNN) - Get used to a new acronym in the euro alphabet soup.

OMT – Outright Monetary Transactions. That's what the European Central Bank is calling its upcoming plan to buy sovereign bonds on the secondary market (the ECB is allowed to buy bonds on the open market, after they have been sold to investors by the governments).

The details are truly central bank-speak: conditionality, sterilization, enhanced conditions. Forget all that for now.

Just remember the bottom line for the ECB: Draghi said the euro is "irreversible" and that is his story and he is sticking to it. FULL POST



September 6th, 2012
01:00 PM GMT
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Kolkata, India (CNN) - It used to be the jewel in the crown of the British Empire - a beautiful colonial city in India's east.

Its strategic waterfront location made Calcutta a crucial trading hub. But in recent years, the city - left out of India's growth story - has become a shadow of its past, overtaken by business friendly cities like Mumbai and Bangalore.

Now, there is a determined effort to revive the city and make this former trading center a modern day business hub.

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Filed under: Along the silk roadBusiness


September 5th, 2012
08:04 PM GMT
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Ten months into his eight-year term, the man hailed as ‘’Super Mario’’ is facing his biggest test yet.

And though the outcome of the European Central Bank’s latest meeting is by no means a given, what’s sure is his words will resonate far from the region’s shores.

Now into its third year and counting, the single currency’s funding crunch has claimed the scalps of three eurozone countries so far and threatens to engulf others which are ‘too big to bail’ but too big to fail.

What started as a financial crisis has morphed into an existential one and left ECB President Mario Draghi to fill the vacuum of leadership left by the eurozone’s squabbling politicians.

While the ECB will formally be contemplating its interest rate policy on Thursday, Draghi’s most pressing task will be far less mundane: instead investors are relying on him to keep the next troubled members solvent, even if that means creating an artificial market for their debt.

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September 5th, 2012
01:39 PM GMT
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Afghanistan (CNN) - A team of international archaeologists are racing against the clock to salvage relics from an ancient Buddhist monastery at Mes Aynak in Afghanistan before it is destroyed to make way for a giant $100 billion open cast copper mine.

Brent Huffman, documentary film maker and professor at Medill Northwest University, in the United States, has spent months in the midst of a situation which illustrates the conflicting economic and cultural interests at play in Afghanistan today.

“There is $100 billion worth of copper right underneath the site,” says Huffman. “In order for a Chinese company to mine this copper they’ve got to destroy the whole mountain range and all the monasteries. It is a race against time.”

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Filed under: BusinessGlobal Exchange


September 5th, 2012
06:00 AM GMT
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(CNN) – This week, on the Millennials: Sam Bompas and Harry Parr are under pressure to deliver on a challenging project for their new client, Mercedes.  But can they take the heat?

Filed under: The Millennials


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