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		<title>CNBC Business Magazine | Financial &amp; Business News</title>
		<link>http://www.cnbcmagazine.com</link>
		<description>Updates on what's going on at http://www.cnbcmagazine.com</description>
		<category>Financial &amp; Business News</category>
		<pubDate>Thu, 17 May 2012 05:18:55 +0000</pubDate>
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				<title>NUMBERS</title>
				<link>http://www.cnbcmagazine.com/story/numbers-may-2012/1622/1/</link>
				<guid>http://www.cnbcmagazine.com/story/numbers-may-2012/1622/1/</guid>
				<description><![CDATA[GOOGLE vs CHINA A highly sophisticated hack attack, Operation Aurora took place from mid to late 2009 and targeted 34 companies, including Google in December of that year. The hackers, who Google claimed were from China, stole intellectual property and tried to access human-rights activists' Gmail accounts. From 31 December to 29 January, Google's share price tumbled from $619.98 to $529.944; it also decided to cease operations in mainland China and redirect users to its Hong Kong site in March 2011. In response, shares in its Chinese rival Baidu surged above $600 for the first time. APPLE vs VARIOUS Apple is constantly fending off attacks on iTunes and its ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>HOTEL REVIEWS</title>
				<link>http://www.cnbcmagazine.com/story/hotels-reviews-may-2012/1621/1/</link>
				<guid>http://www.cnbcmagazine.com/story/hotels-reviews-may-2012/1621/1/</guid>
				<description><![CDATA[ART'OTEL Cologne Location&#160;Perfectly placed for visiting the new Rheinauhafen business district, the art'otel is just south of the lively Old Town. The train from Cologne-Bonn airport to the town centre is a 15-minute glide. A cab from the main station is a few minutes. Style&#160;This 18-month-old addition to the German art'otel mini-chain has a clean-lined modernist look and a refreshing absense of annoying quirks, belying the 'arty' image. The central atrium has enough concrete and glass to please Le Corbusier fans: pearly greys and whites predominate throughout, but richly-coloured artworks by Korean artist SEO save the hotel from being clinical. Pan-Asian restaurant Chino Latino is useful given the relative ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>MORE BANG FOR YOUR BUCK</title>
				<link>http://www.cnbcmagazine.com/story/more-bang-for-your-buck/1620/1/</link>
				<guid>http://www.cnbcmagazine.com/story/more-bang-for-your-buck/1620/1/</guid>
				<description><![CDATA[Hunlikely we'll ever see the same room again. But for the time we are staying in a hotel room, especially on a busy business trip, personalising it can improve our quality of life no end. And one of the easiest ways of making a room more relaxing or conducive to catching up with work is to fill it with your own music. Some will say that this is stating the obvious, and it's why the Sony Walkman was a success from the moment it was launched in 1979, and the Apple iPod ditto in 2001: people love their own music when they're on the move far more than they ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>INTERIOR MOTIVATION</title>
				<link>http://www.cnbcmagazine.com/story/interior-motivation/1619/1/</link>
				<guid>http://www.cnbcmagazine.com/story/interior-motivation/1619/1/</guid>
				<description><![CDATA[When the Kimono floor lamp and Giop armchair launched at last month's colossal Salone Internazionale del Mobile in Milan - the world's most influential interiors show - their use of bold, on-trend floral textiles betrayed more than a hint of their designer. Ditto, the graphic upholstery of the Lara outdoor sofa. Perhaps that's because, far from being the products of furniture design specialists, they were unveiled by high-fashion houses Kenzo and Fendi respectively. Nor are these products alone. While homeware collections have long been a brand spin-off for fashion's big names - with the likes of John Rocha, Nicole Farhi, Jasper Conran and, this year, Diane von Furstenberg and ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>BRIGHT LIGHTS, ETERNAL CITY</title>
				<link>http://www.cnbcmagazine.com/story/bright-lights-eternal-city/1618/1/</link>
				<guid>http://www.cnbcmagazine.com/story/bright-lights-eternal-city/1618/1/</guid>
				<description><![CDATA[The dense historic urban fabric of Rome's Centro Storico makes innovation impractical. But just north of the centre in the Flaminio district, the cityscape and the vibe are being thoroughly shaken up. Hugely successful new performing arts and exhibition spaces have drawn a hipper crowd into this sedately grown-up inner suburb. With new eateries and hangouts springing up to cater for the influx, Flaminio's buzz is growing. Flanking the final Rome-bound stretch of the ancient Via Flaminia, the district has long been cultured and vaguely intellectual. Its imposing early-20th-century apartment blocks conceal two university architecture faculties and house many of those faculties' graduates; its established museums and galleries - ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>BEHIND CLOSED DOORS</title>
				<link>http://www.cnbcmagazine.com/story/behind-closed-doors/1617/1/</link>
				<guid>http://www.cnbcmagazine.com/story/behind-closed-doors/1617/1/</guid>
				<description><![CDATA[At first glance, 10 Chang An Avenue is an anonymous-looking building along the nicest stretch of the 45km thoroughfare that runs from Tongzhou District in the east of Beijing to Shijingshan District in the west. The only clue to its exclusivity is the line of black sedans parked outside. Close to parliament, and overlooking Tiananmen Square and the Forbidden City, Chang An Club is where China's politicians and leading CEOs meet, relax, entertain and conduct business. Club culture is relatively new here. The CITIC - the government's foreign investment arm - launched the Capital Club in 1994, as China was just opening up and the chairman wanted a place ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>THE BOURNE EDUCATION</title>
				<link>http://www.cnbcmagazine.com/story/the-bourne-education/1616/1/</link>
				<guid>http://www.cnbcmagazine.com/story/the-bourne-education/1616/1/</guid>
				<description><![CDATA[You don't need Jason Bourne's drawer full of fake passports to flit around the world hobnobbing with the powerful these days. Given the way that governments have bailed out banks, industrial giants and failing European economies in recent years, it's clear that business and politics are closely intertwined, and MBA courses are increasingly reflecting such developments. Having turned his back on his career as a CIA assassin, Bourne would probably fit right in studying geopolitics, marketing and corporate strategy. But where should a globally minded professional head to combine the study of discounted cashflow with trade and public policy? London and Paris once formed the axis of global economic ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>CHEAP AND CHEERFUL</title>
				<link>http://www.cnbcmagazine.com/story/cheap-and-cheerful/1615/1/</link>
				<guid>http://www.cnbcmagazine.com/story/cheap-and-cheerful/1615/1/</guid>
				<description><![CDATA[For Wang Zhenghua, CEO and founder of Spring Airlines, low cost is not just about cheap tickets: it's a philosophy. "You need to apply the business model on every level. It's like brainwashing yourself in low cost," he explains in a conference room in his Shanghai HQ that is best described as shabby. Everything about Spring screams low cost, from its offices (Wang boasts he has added an extra line of workers in the open workspace) to personal expenses (he prefers underground trains to taxis overseas, brings his food from China when he's on business trips and refuses to allow senior executives to use chauffeured cars). He also pays ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>EXTREME TURBULENCE</title>
				<link>http://www.cnbcmagazine.com/story/extreme-turbulence/1614/1/</link>
				<guid>http://www.cnbcmagazine.com/story/extreme-turbulence/1614/1/</guid>
				<description><![CDATA[In a country of 1.2 billion, everyone can see the potential of the Indian airline industry, but few have worked out how to profit from it. Liberalisation in the 90s opened up a sector previously monopolised by the dysfunctional national carrier now known as Air India, and local entrepreneurs were quick to see the possibilities. A booming economy has been minting wealthy middle-class families (eager for an alternative to the slow, creaky rail network) ever since, and in 2011, airline passenger numbers grew 16.6% to 60 million. But a combination of deep structural problems and flawed business plans means hardly anyone has found a way of translating this environment ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>CONTINENTAL LIFT</title>
				<link>http://www.cnbcmagazine.com/story/continental-lift/1613/1/</link>
				<guid>http://www.cnbcmagazine.com/story/continental-lift/1613/1/</guid>
				<description><![CDATA[Right across Asia, there's an unmistakeable sense that the civil-aviation sector is in the ascendant. The evidence is everywhere: in the order books for new planes; on the ground, where the factories of its fledgling aircraft and engine-manufacturing industry are expanding; and in the skies, as graduates of new pilot-training schools take off. Since the global credit crisis struck, the bounceback shown by the Asia-Pacific airlines has been remarkable. The International Civil Aviation Organisation says earnings rose from $2.6bn in 2009 to $8bn the following year, contributing more than half of total profits worldwide. Spiraling oil prices are likely to have almost halved profits in 2011 to $4.8bn, according ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>IDEAS WORTH FLOATING</title>
				<link>http://www.cnbcmagazine.com/story/ideas-worth-floating/1612/1/</link>
				<guid>http://www.cnbcmagazine.com/story/ideas-worth-floating/1612/1/</guid>
				<description><![CDATA[Oceans are the arterial highways of the logistics sector, carrying vessels that bear 90% of the world's cargo. To all intents and purposes, packing goods into a container, sealing it up and shipping it out is an environmentally sound process, accounting for a mere 3% of carbon emissions. But the practice is not squeaky clean. For one thing, most of the 100,000 or so container ships in operation are propelled by bunker fuel, the bastard, glutinous spawn mined from the residue left behind when all the 'good' stuff has been extracted from crude oil. According to confidential data released by maritime-industry insiders a few years ago, based on engine ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>THE FOCUS GROUP</title>
				<link>http://www.cnbcmagazine.com/story/the-focus-group/1611/1/</link>
				<guid>http://www.cnbcmagazine.com/story/the-focus-group/1611/1/</guid>
				<description><![CDATA[At first glance the business occupying four floors of an ex-blacksmith's in the heart of the former East Berlin could be yet another trendy tech start-up. As well as the obligatory foosball game, there are benches and a long table for communal lunches, and hundreds of Polaroids of its hipster employees line the walls in a blur of piercings, tattoos and beanies. Yet on closer inspection something more interesting is going on inside. Grouped around work surfaces, men and women are carefully assembling thousands of pairs of glasses by hand. This is the red-brick nerve centre of the über-fashionable MYKITA eyewear company, established in 2003 and a fixture on ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>FRIENDS WITH BENEFITS</title>
				<link>http://www.cnbcmagazine.com/story/friends-with-benefits/1610/1/</link>
				<guid>http://www.cnbcmagazine.com/story/friends-with-benefits/1610/1/</guid>
				<description><![CDATA[For many Facebook shareholders, 2012 will mean a trip to the nearest Ferrari dealer. For one Malaysian, however, the impending IPO will bring not only riches but a long overdue opportunity to prove he can play with the big boys. Two-and-a-half years ago, 32-year-old Ganesh Bangah used his micro-transactions company MOL Global to buy the world's first social-network website, Friendster, which had gone from being Silicon Valley's hottest start-up to a cautionary tale of disastrous management. The Western media ridiculed the deal as another vanity purchase by an Asian company with international ambitions. Today, however, because of his decision to sell Friendster's social-networking patents to Facebook - for stock ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>DELIVERING THE GOODS?</title>
				<link>http://www.cnbcmagazine.com/story/delivering-the-goods/1609/1/</link>
				<guid>http://www.cnbcmagazine.com/story/delivering-the-goods/1609/1/</guid>
				<description><![CDATA[It's not often that grocery shopping can be described as moving, but when Jong Chul Jang watched the first people tentatively buying cooking oil, snacks and vegetables in a new Seoul supermarket, he was overwhelmed. Overwhelmed because this store, on the platform of a subway station, had been several years in development. And it didn't contain a single product. What people were buying, by clicking with their mobile phones, were virtual goods, images displayed on virtual shelves, bought by scanning QR codes and then delivered - in the real world - later in the day. Jang recalls that young commuters were the first to start scanning the codes. "Some ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>MAKING A SPLASH</title>
				<link>http://www.cnbcmagazine.com/story/making-a-splash/1608/1/</link>
				<guid>http://www.cnbcmagazine.com/story/making-a-splash/1608/1/</guid>
				<description><![CDATA[Bart Decrem has just flown into London from Beijing and is so jet-lagged, he can barely remember the password on his netbook. He's running late, desperate for a half-hour lunch break as he prepares to address The Walt Disney Company at its regional headquarters in Hammersmith, and as a result, his time with&#160;CNBC Business&#160;has been halved. Which is fine, strangely enough, because as well as being passionate and lucid, Decrem is also an extremely fast talker. The term 'whizz kid' could almost have been invented for the 44-year-old Belgian, who speaks Mandarin, Korean and six other languages. He's like a wiry, carrot-topped computer prodigy from one of the studio's ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>MEDICINE MANTRA</title>
				<link>http://www.cnbcmagazine.com/story/medicine-mantra/1607/1/</link>
				<guid>http://www.cnbcmagazine.com/story/medicine-mantra/1607/1/</guid>
				<description><![CDATA[For Ghanaian Dr Paul Lartey, the draw of home became impossible to ignore. After a comfortable life in the US, studying and then working for global pharmaceutical groups, he gave it all up to go home and set up LaGray Chemical Company, a research and production business just north of the capital, Accra. Lartey and his wife, also a doctor, trawled US venture forums trying to persuade investors of the merits of a for-profit model to make their own, as well as generic and licensed drugs to treat HIV, tuberculosis, malaria and other illnesses for the local market. Raising the finance was just the start of what has been ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>THE GAME CHANGERS</title>
				<link>http://www.cnbcmagazine.com/story/the-game-changers/1606/1/</link>
				<guid>http://www.cnbcmagazine.com/story/the-game-changers/1606/1/</guid>
				<description><![CDATA[Giffgaff is different from other mobile phone companies. The UK-based operator, owned by Spain's Telefónica group, services its thousands of users with a team of just 20 or so staff. A conventional mobile phone network "needs a lot of people to handle calls", explains Vincent Boon, Giffgaff's head of community. "So we have cut that out." Instead, Giffgaff relies on its users, and some smart technology, to keep its overheads low. "Our community is self-supporting, with know-how sourced from the crowd. With most networks, you call someone and they have to go through a script. With our community, there will always be someone with the same phone as you," ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>STAYING SHARP</title>
				<link>http://www.cnbcmagazine.com/story/staying-sharp/1605/1/</link>
				<guid>http://www.cnbcmagazine.com/story/staying-sharp/1605/1/</guid>
				<description><![CDATA[Carl Elsener Jr remembers 9/11 in part for the personal impact it had on his business. Almost overnight, sales fell 30%. Stockists pulled out. Unfortunately, when your main product is a penknife - albeit the iconic Swiss Army knife - and many of your sales come through airport shops or the corporate gift market, one might assume that taking it on the chin is the only option. In reality, it gave the family business the push to act on long-standing consumer requests to offer other products with the same functionality: to move from being a manufacturer to being a brand. "We were also aware that the Swiss Army knife ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>YES THEY CAN</title>
				<link>http://www.cnbcmagazine.com/story/yes-they-can/1604/1/</link>
				<guid>http://www.cnbcmagazine.com/story/yes-they-can/1604/1/</guid>
				<description><![CDATA[Campaigning for the US presidential elections is in full swing and Barack Obama has a secret weapon: a social network to disseminate information quickly throughout his team of thousands. It may not sound like much, but many believe that the internet won the election for him last time and might just do it again. NationalField was created during the 2008 Obama for America campaign by three volunteers in their early 20s: Ed Saatchi, Justin Lewis and Aharon Wasserman. The trio had grown tired of endless meetings to report back on campaign calls and fundraising, so they developed a social network to share the information. At first it was used ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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				<title>HOTSPOT: PUBLIKA, KUALA LUMPUR</title>
				<link>http://www.cnbcmagazine.com/story/hotspot-publika-kuala-lumpur/1603/1/</link>
				<guid>http://www.cnbcmagazine.com/story/hotspot-publika-kuala-lumpur/1603/1/</guid>
				<description><![CDATA[It's Friday night in the Malaysian capital and children are performing a musical recital at the outdoor stage of Publika, the city's newest mall. Twenty metres away a women's rights group is holding a conference and at the other end of the mall, parents in cafés watch their toddlers playing in a park. The mall - or "shopping gallery", as its owners like to call it - is the focal point of Solaris Dutamas, a 17-acre, mixed-used development that includes luxury condominiums, an office tower and blocks of walk-up retail space. Like any good shopping centre, it boasts an Apple retailer, a bubble tea stand (essential in Asia's malls) ...]]></description>
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				<pubDate>Tue, 01 May 2012 04:00:00 +0000</pubDate>
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