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.
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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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