March 29th, 2013
12:42 PM GMT
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(CNN) –Opposition Leader Mohamed ElBaradei says the solution for Egypt's terrible shape is a political one, not a military one.

ElBaradei, the former head of the International Atomic Energy Agency, tells CNN's John Defterios that Egypt must start political reconciliation to stop the social unrest and violence in the country.

The North African state needs support from the International Monetary Fund to "jump start" the economy, according to ElBaradei.



March 21st, 2013
03:52 PM GMT
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(CNN) – Moira Forbes talks about women in the workplace after Forbes recently named Facebook Chief Operating Officer Sheryl Sandberg the world's most powerful woman in business.

Forbes says Sandberg has received much attention around the release of her book "Lean In" focusing on women in the workforce.

Forbes added that Sandberg has grown Facebook into a multi-billion dollar company and her success if "extraordinary" with a book that is "personal and candid."



March 15th, 2013
03:49 PM GMT
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(CNN) – Trita Parsi, founder of the National Iranian American Council, says the Iranian-Pakistan gas pipeline could be a strategy by Pakistan to align more closely with Iran.

The new pipe labeled the “peace pipeline” runs between south Iran to the Pakistan city of Multan.

Iranian President Mahmoud Ahmadinejad and Pakistani President Asif Ali Zardari met on March 11 to mark the beginning of construction on the Pakistani side.

The U.S. says the pipeline could violate sanctions on Iran over the country’s nuclear program.



March 8th, 2013
05:40 PM GMT
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(CNN) – Venezuela's Hugo Chavez, who died this week, built his support on a populist platform of sharing the country's oil wealth with the poor.

Yet Venezuela's economy, and the future of its oil industry, remains deeply vulnerable.

CNN's John Defterios talks with Fereidun Fesharaki, the chairman of FACTS Global Energy, who says the country's oil industry is in a "shambles." So what challenges a new leader face?



March 6th, 2013
07:22 AM GMT
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Hong Kong (CNN) – The United States may be on the cusp of the cheapest stimulus package its citizens can imagine - in the form of a  free trade agreement with the European Union across the Atlantic Ocean, according to Karel de Gucht, the EU’s trade commissioner.

But Mexico's candidate for the top job at the World Trade Organization said a deal between the two could pose problems in Geneva.

“The challenge that is posed by the negotiations between the EU and the US is enormous,” said Herminio Blanco.

“We think it's a no-brainer that the United States and Europe should be in negotiations to have a comprehensive, ambitious agenda to not only lower tariffs…but also to deal with regulatory issues, to deal with services,” said Myron Brilliant, senior vice president for international affairs at the US Chamber of Commerce to CNN’s Richard Quest.

Responding to Quest’s challenge that such an endeavor could not be achieved in “our lifetime”, Brilliant said he is mistaken.

“I'll tell you why you're wrong about that. The United States needs jobs. We have an OK economy. We've seen a resurgence in manufacturing. We've seen a potential for a reduction of energy prices, right? But we need a global economic agenda.”

In a lively exchange best watched in the video here or above, Brilliant said the biggest impediments to US-EU success for a free trade agreement - already valued at $5 billion - is regulatory.



March 6th, 2013
06:44 AM GMT
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Hong Kong (CNN) - For Renault-Nissan, relativity may help manage expectations for a 2013 already predicted to end in the red.

“The (automobile) market in Europe continues to decline and the contraction is even bigger than what we have foreseen,” said CEO Carlos Ghosn to CNN’s Richard Quest.

“Even with this very bad start to the year… we’re going to go from a very bad market to a bad market. Instead of having an 8% decline, we’re going to probably see something like (a) 3% to 5% decline for the year.”

The Brazilian-born auto chief made the forecast at the 2013 Geneva Auto Show. The annual event opens to the public Thursday.

European governments can help automakers, Ghosn added, by bringing predictability to the economy and “eliminating uncertainty”.

“One of the reasons consumers are not buying cars or other goods is because they are uncertain about the future.”

As head of Japan’s Nissan Motor Company since 1999, Ghosn said he hopes the country’s new government of Shinzo Abe will bring the currency to a “historic level” of 110 to the dollar.

Since October 1, the yen has already risen nearly 20% and currently hovers near 93 yen to the dollar thanks to Abe's promises for a weaker yen, looser monetary policy and pledges of fiscal stimulus.

“Finally we have a government which has a vision and trying to do something about deflation (in) Japan.”

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Filed under: Auto industryBusinessEuropean UnionJapan


March 1st, 2013
05:04 AM GMT
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(CNN) - Only 1% of kids leaving schools in developed countries understand coding, "and yet that is where a lot of the jobs are," said Frank Meehan, CEO of Kuato. "And kids understand that, they want to learn."

That point got more traction this week, as Bill Gates and Mark Zuckerberg appear with a host of other internet stars talking about the importance of code education.

Kuato CEO explains how it teaches children the basics of coding.

Filed under: Quest Means Business


March 1st, 2013
04:57 AM GMT
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Hong Kong (CNN) – The world has at least 1,453 billionaires, with about half of those residing in the U.S. and China, according to the Hurun Global Rich List.

In terms of cities, Moscow is home to the greatest number of billionaires with 76, followed by New York (70), Hong Kong (52), Beijing (41) and London (40).

"For every billionaire that Hurun Report has found, I estimate we have missed at least two, meaning that today there are probably 4,000 billionaires in the world," said Rupert Hoogewerf, chairman and chief researcher of Hurun Report, a Shanghai-based publishing group that tracks China's wealthy.
FULL POST

Filed under: Quest Means Business


March 1st, 2013
04:53 AM GMT
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(CNN) – The European Union has pushed through legislation that caps banker bonus at two times a banker’s salary, which has drawn an angry reaction from the city of London Mayor Boris Johnson, who calls the cap will help Wall Street and Singapore, drawing financial talent away from the City. "This is possibly the most deluded measure to come from Europe since Diocletian tried to fix the price of groceries across the Roman empire," Johnson said.

CNN’s Richard Quest explains the ramifications of the move.

Filed under: Quest Means Business


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CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.

 
 
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