July 17th, 2012
02:14 PM GMT
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London (CNN) –Thirty years on from designing his first Formula 1 car, Red Bull’s chief designer Adrian Newey still refuses to do his drawings on a computer. He draws by hand, first sketching and then moving to a drawing board. He says it helps him to develop his ideas, that he views drawing as a language. But this self-confessed “last dinosaur” of the industry is still at the top of his game.

 

This week’s Make, Create, Innovate gets to the heart of his design process, and the cars that have brought him so much success.

 

Filed under: Quest Means Business


July 17th, 2012
01:55 PM GMT
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London (CNN) – Even in this high-tech world, slow and steady still wins the race. It's estimated world bicycle production overtook car production in the 1960s - and now two wheels outstrip four by more than two to one.

This week's Make, Create, Innovate takes you into the world of a bicycle that has sought to revolutionise commuting.  The Brompton bicycle was developed in the 1970s by an engineer working as a landscape gardener.

Since then they have developed a cult following, with a retro look and the ability to fold up small enough to take on the bus. Around 27,000 bikes are built each year at the factory in West London with each bike taking around six hours to build and test by hand.

Filed under: Quest Means Business


July 11th, 2012
11:18 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.

London (CNN) – The Millennials meet two new faces from the streets of North London.

Sam Bompas and Harry Parr have style, substance and an entrepreneurial spirit. The two have known each other since childhood, and have been working together for more than five years.

These days, they are modern day Willy Wonkas - creating a business from jelly molds.



July 6th, 2012
04:26 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.

London (CNN) – This week, we say goodbye to our London Millennial, Joe Braidwood.

We have seen his tenacious ambition, and had insight into his fears.

Joe tells CNN's Richard Quest why he feels so driven, and the cost of his achievements.



July 4th, 2012
11:02 AM GMT
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London (CNN) – Here's a question for football fans - if your team was given a $100 million cash injection this summer, what would you like to see it spent on? New players? Contract extensions? Stadium improvements?

If you're a Manchester United fan, the good news is that your team is planning to get that $100 million in cash. The bad news is, all the money's going straight to servicing one of the biggest debt piles in sports.

The team revealed its plans for a $100 million public offering on the New York Stock Exchange Tuesday night, crushing hopes in Asia that the world's most popular football club would choose to float in Singapore. In filing with the SEC, however, the club also showed just how difficult it will be to keep up with its noisy neighbors (and reigning English champions) Manchester City, bankrolled by Sheikh Mansour's bottomless pockets.
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June 27th, 2012
10:28 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) –In Johannesburg Milli Bongela takes on a new project, with a little help from a friend. In London, Joe Braidwood welcomes a new team member – as he admits he can’t do it all.

In this show, Joe puts these worries aside, and lets off some steam. He catches up with some friends he hasn’t seen in a while, including his sister.

Milli, meanwhile, recognizes taking time out is a necessity, not a luxury.



June 21st, 2012
06:30 PM GMT
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Copenhagen (CNN) - Meeting the men and women whose inventions have changed how we live our lives seems a world away from the daily bombardment of news on the state of Europe’s economy.

While the markets were reeling over Spain’s bank bailout, and trading floor chatter was Greece, Italy and what the European Central Bank can, can’t or should do, the Marketplace Europe team was at the European Inventor Awards in Copenhagen.

It was truly inspirational and refreshing to think about business without focusing on what has gone wrong, how companies are struggling and what impact this is having on the global economy. FULL POST



June 20th, 2012
02:42 PM GMT
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(CNN) - Now that the Greek people have voted and a government will be formed, we need to think about where this crisis will go.

The new Greek government will invariably go to Brussels and ask for some relief; breathing space is the phrase that will be used.

The Europeans will almost certainly grant it - to not do so would be cruel, especially bearing in mind the terrible suffering of people in Greece at the moment.

But outside of Greece what happens now?  Like a balloon that is squeezed, the European crises merely bulge out somewhere else - and that is what is happening now. FULL POST



June 17th, 2012
02:32 PM GMT
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Athens (CNN) - Whichever way the Greek people vote in these elections, there are no easy options for the country. It is almost certain no one party will get a majority – even with the top-up seats given to the front runner.

We are facing days of horse-trading.

Voices of Greece

The best that can be hoped for is that the leaders of New Democracy and PASOK follow through on the noises they are making. That it is time for unity.

They know what that means. That they are going to have to get into coalition with each other. If they do that, Greece carries on.

However, even if these so-called “sensible parties” get into bed with each other, they will still want to renegotiate the deal with Europe.

Cafes buzz with political talk

Europe will not budge on issues such social security, pensions or privatizations. But they might be willing to talk on deficit targets and taxation levels, for example, given the difficulties created by the recession.

There are 1,001 ways that Greece can stay in the euro. But even if the austerity deal is renegotiated, the Greek people face another three to five years of pain.




May 31st, 2012
10:32 AM GMT
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(CNN) – Have you noticed the new trend when using debit and credit cards overseas?

We are now frequently being asked if we want to be charged in the local - or destination - currency or if we want to pay in my home currency instead.

Since the bill will eventually be converted to our home currency. I started to wonder the point of this. I knew there had to be a catch to it somewhere, but I couldn't quite work out where!

The tool being used is called Dynamic Currency Conversion and it allows an immediate translation into the final charge you will face in your own familiar currency. It will even print you a receipt with these details.

So why wouldn't everyone do this?

You've guessed it: The exchange rate you get with the converter is not the same as the one you would get should the charge go through the banking system to your home bank.

It may well have been set by the merchant, who now has the ability to change the rate, daily, hourly or whenever they want.

Even worse, the banks involved will probably be charging you a higher commission for the privilege of knowing how much you are paying, which may well be shared with merchant.

So what are the advantages? I know the final amount and I have a receipt detailing this which I can use for my expenses, already in my home currency.

But, since expenses software will usually do the exchange rate calculation for you, or I can submit my credit card bill to show the charge, this seems a fleeting benefit.

I put the two systems to the test recently. I made two withdrawals of CFH50 [$52.30] in Zurich. I chose one to be charged in local Swiss francs and the other in British pounds.

Two days later I compared both charges as they hit my account. In pounds, the conversion was £34.96, nine pence more expensive than taking out the local currency.

For nervous or inexperienced travellers there may be a comfort in having the certainty of knowledge. But I think it is a false security. If they knew they were paying more or getting less, I am pretty sure even the most anxious traveller would decide to keep their more of their own money for themselves.

Dynamic Currency Conversion seems to be just another way to charge us more  for the same service. For me, from now on....the rule will be always pay in the local currency.



About Business 360

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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