September 20th, 2012
01:53 PM GMT
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(CNN) – David Lloyd is a Millennial with a mission.

CNN has watched him expand his business and succeed on the international stage.

But now Lloyd is moving on. He talks to CNN's Richard Quest about what it means to be part of the Millennial generation.



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 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



August 30th, 2012
11:12 AM GMT
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London (CNN) – From the budget, to economic benefits, to the legacy: No-one is talking about the Paralympics’ bottom line.

Perhaps it’s because Team GB and the London 2012 organization were so impressive, leaving the country revelling in the medal haul rather than totting up the bill.

The nation has gone sports-mad, now embracing the lesser-known (but I’ll bet just as exciting to watch), paralympic sports, from Murderball (think of it as wheelchair rugby) to Boccia (like bowls, but for athletes whose disabilities impact on their motor skills).

But - despite all this goodwill - the UK economy is refusing to play ball.
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August 28th, 2012
08:01 AM GMT
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(CNN) – Another week, another round of news that suggests it’s a bad time to be a banker.

First came news Deutsche Bank became the first global bank to that could claw back payouts. Deutsche Bank's clawback rules allow it to take away from newly hired senior staff the un-vested equity bonuses earned at previous employers - if they were turned into Deutsche Bank shares. This is a significant tightening of bonus rules by Europe's largest lender, CNN’s Jim Boulden says. Pay consultants say the rule is unusual in the banking world and comes as European banks now hold employees accountable for questionable behavior.

But the question remains: Will other banks follow? And will the new rules give Deutsche Bank trouble recruiting?
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August 15th, 2012
03:04 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.

(CNN) – In the episode of the Millennials we take a look back at Michael Burbach's childhood and how he developed his love for acting.

Michael's mother tells why she considers her son a "our joy baby" and describes how he went from modelling on a macaroni cheese package to the stages of New York City.



August 15th, 2012
07:00 AM GMT
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(CNN) – Everything is “fine” (and more fines) for some big global banks these days.

Barclays has agreed to pay $453 million in fines for the Libor scandal, charged with manipulating key lending rates.

HSBC has set $700 million aside to pay for penalties after the bank failed to prevent money transfers linked to drug cartels and terrorist groups.

Now Standard Chartered has agreed to pay $340 million to New York regulators for years of conspiring with Iran to avoid U.S. sanctions and laundering $250 billion in transactions over 10 years.
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August 8th, 2012
08:16 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.

(CNN) -Jelly entrepreneurs Sam Bompas and Harry Parr embark on a hard sell with a big client in this episode of the Millennials. The pair enlist some extra help for the challenge. They're feeling prepared, bold, and ready to take a risk – but will it pay off?



August 8th, 2012
07:20 AM GMT
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(CNN) – Facebook’s purchase of Instagram hasn’t closed yet, but a cottage industry of online companies is seeking success on the back of Instagram’s popularity. Websites and apps are creating new business models, technology and choices for printing the pictures you take on your mobile phone.

LA-based Instacanvas says it just raised $1.7 million in seed financing. Their website allows you to upload your Instagram photos and print on canvases or acrylic photo glass. Printing costs between $39 and $79, depending on size. And you could even make some money: Instacanvas allows you to sell your photos to other users.
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Filed under: Quest Means BusinessTechnology


August 7th, 2012
03:49 AM GMT
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London (CNN) – Italian Prime Minister Mario Monti has lit a fuse that has sparked outrage in Germany and exposed the frayed wires that are holding Europe together.

In an interview with Germany’s Der Spiegel, Monti was quoted as saying: "The tensions that have accompanied the eurozone in the past years are already showing signs of a psychological dissolution of Europe."

He added that governments have to "educate" their parliaments as they try to reach agreement on the eurozone's future.

"If governments allow themselves to be entirely bound to the decisions of their parliament, without protecting their own freedom to act, a break up of Europe would be a more probable outcome than deeper integration."
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About Quest Means Business

Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.

 

 

 
 
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