Following market forces, China again devalued the yuan, rocking world stock and currency markets for a second straight day. According to some analysts, the change could hurt U.S. companies that do a lot of business inside China, like Apple and Coca-Cola. Judy Woodruff gets analysis from Eswar Prasad of Cornell University and Michael McDonough of Bloomberg. Continue reading
You might know that golf, Scotch and haggis come from Scotland, but did you know the blockbuster video game “Grand Theft Auto” does as well? As Scots go to the polls today to vote on whether to stick with the United Kingdom or splash out on their own, politicians from both sides have used a long list of Scottish inventions to inspire the electorate. Here are just 10 Scottish exports to the world.
You’ve heard of it. It has something to do with jobs, and maybe Boeing. But what exactly is the Export-Import Bank, and what are its prospects for survival beyond its Sept. 30 expiration date? Continue reading
Special correspondent Steve Sapienza exposes the human cost of palm oil, a cheap ingredient used in many processed foods. In Malaysia, the world’s second largest exporter of the oil, producers employ child migrant workers to keep up with demand. The story is part of a collaboration with the Pulitzer Center on Crisis Reporting. Continue reading
The bailout of embattled insurance giant American International Group, Inc. got another dramatic boost Monday with the U.S. government easing the terms of its loans to the company. Continue reading