NPR's business news begins with China's grim trade outlook.
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GREENE: Numbers from the month of June offered more evidence that the world's second-biggest economy might be losing steam. Exports from China fell by more than 3 percent from a year earlier. Imports were down, as well, by almost a percent.
Egypt's political future will largely depend on its economy, and its economic future will largely depend on help from other countries. To talk more about this, we reached Mohsin Khan. He's a senior fellow at the Rafik Hariri Center on the Middle East at the Atlantic Council. He's also the former Director of the Middle East Department at the International Monetary Fund. Good morning.
MOHSIN KHAN: Good morning.
MONTAGNE: What are Egypt's most immediate economic needs?
Much of the training for pilots for major airlines is conducted on sophisticated flight simulators, like this Boeing 787 simulator operated by an All Nippon Airways captain. Pilots are also trained to communicate clearly about problems they may encounter in flight.
Credit Yoshikazu Tsuno / AFP/Getty Images
Simulators mimic the full movement of a plane during takeoff, flight and landing. They're also used to prepare pilots for problems like engine fires and aborted takeoffs.
Investigators are continuing to examine the training and experience of the cockpit crew of the Asiana flight that crashed Saturday in San Francisco. The pilot at the controls had nearly 10,000 hours of experience flying large jets, but only 43 hours in that particular plane, a Boeing 777. Saturday was also the pilot's first 777 landing at San Francisco International.
Pilots transition from flying one airplane model to another all the time; it's a regular part of the job as airlines add new aircraft and pilots fly new routes or get promotions to piloting bigger jets.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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On Wall Street, many things are bought and sold, including, occasionally, interest rates. That happened today. The owner of the New York Stock Exchange bought LIBOR, a hugely influential benchmark rate that is set in London. LIBOR is used to set many other interest rates, from credit cards to derivatives contracts.
In a merger of grocery chains, Kroger Co. is buying Harris Teeter Supermarkets Inc., the companies announced Tuesday. The move expands the reach of Kroger, already the nation's largest grocery chain, into the Mid-Atlantic region. The buyout values Harris Teeter at $49.38 per share, a premium of more than 33 percent over its share price earlier this year.
When it comes to sensitive health information, government-run websites appear to do a better job protecting your privacy than many news and commercial sites.
A brief survey published online by JAMA Internal Medicine looked at how 20 health-related websites track visitors. They ranged from the sites of the National Institutes of Health to the health news section of The New York Times online.
Britain's latest royal may arrive this weekend. Advertising Age reports Harrod's, the venerable British department store, is selling royal baby china. Others getting in on the action: Krispy Kreme is offering doughnuts with pink or blue filling, which color you get is a surprise — just like the baby's gender.
Over the next few weeks, thousands of U.S. based publicly traded corporations will be reporting their quarterly results. Within days though, judgments will start to be made on whether the economy is holding up well enough to justify stock prices that are approaching a new peak. Alcoa says it lost more money than expected during the second quarter of this year because of restructuring costs.
Lynch's exit comes just two weeks after the bookseller announced it was shelving its goal of becoming a player in the tablet business. Lynch has a tech background, and as CEO focused his attention on the Nook digital business. But the quarter that just ended showed huge losses for the digital devices.
The Last of Us is a new survival horror video game and it features — no big surprise — zombie-like creatures. But these are not the same old zombies that have dominated movie and TV screens in the past few years.
Neil Druckmann, creative director for The Last of Us, says he wanted a fresh new way to wipe out humanity — and he found it in a BBC documentary series called Planet Earth, which depicts the scary effects of the Cordyceps fungus.
New York City has long been considered the nation's epicenter for all things culinary. The borough of Manhattan had more than 6,000 restaurants at last count. And the city has the most three-star Michelin-starred restaurants in the country — closing in on Paris.
But lately, some cooks have begun to go elsewhere to make names for themselves.
Among the reasons for the culinary exodus: Chefs' obsession with local ingredients is making smaller communities a lot more appealing.
Across the Midwestern corn belt, a familiar battle has resumed, hidden in the soil. On one side are tiny, white larvae of the corn rootworm. On the other side are farmers and the insect-killing arsenal of modern agriculture.
We've been following the story of the collapse in Bangladesh of a building that housed several factories where clothes were made for Western retailers. More than 1,000 people died in that disaster in April, and the incident shed light on working conditions in Bangladesh, the world's No. 2 exporter of clothing.
On Saturday, speaking to priests-in-training and nuns, Pope Francis said a car is necessary to do a lot of work, but it shouldn't be a fancy one. He said, "Just think about how many children are dying of hunger in the world." He added that seeing priests and nuns in the latest-model cars hurts him.
International Monetary Fund chief Christine Lagarde on Sunday singled out the U.S. Congress for failing to avert across-the-board spending cuts that slow down potential for growth. She called U.S. deficit reduction in 2013 excessively rapid and ill-designed.
The documentary Gasland inspired legions of "fracktivists" to oppose natural gas drilling booms across the country. Now the film has a sequel. Gasland Part II by director Josh Fox begins airing on HBO Monday night.
Rates on federally subsidized Stafford loans, which help low and middle-income college students, doubled on July 1. There is now pressure for a deal to undo the increase. NPR's David Greene talks to Matthew Chingos, a fellow at the Brookings Institution's Brown Center on Education Policy.
Farmer Richard Wilkins, a firm believer in genetically modified crops, examines the corn crop at his farm in Greenwood, Del. U.S. and EU officials begin talks Monday on an ambitious free-trade agreement. One stumbling block is agriculture. Unlike the U.S., the EU bans the cultivation of genetically modified crops.
Credit Eleanor Beardsley / NPR
Most American beef is banned in Europe because most U.S. cattle are raised on genetically modified food. French farmer Michel Baudot has about 500 head of cattle in the Burgundy region and says he believes those rules should remain in place.
U.S. and EU officials begin talks Monday on an ambitious free-trade agreement aimed at generating billions of dollars of new trade. But negotiators must overcome barriers created by cultural and philosophical differences over sectors like agriculture. In Europe, the cultivation of genetically modified crops is banned, while in the U.S., they are a central part of food production. NPR's Jackie Northam visited a farm in Delaware and NPR's Eleanor Beardsley visited one in Burgundy, France, to look at those deep-seated differences. We hear from Jackie first.
Credit Jose Faria / Courtesy of Teleperformance Portugal
New employees train for call center work at Teleperformance Portugal, an outsourcing company in Lisbon. The outsourcing industry is adding thousands of jobs while other Portuguese industries shed them.
Credit Courtesy of Teleperformance Portugal
Teleperformance in Lisbon is Portugal's largest outsourcing company, managing call centers and customer service hotlines for multinational companies.
Firefighter Brandie Smith walks by the remains of a structure destroyed in the Black Forest wildfire north of Colorado Springs last month. More than 500 homes have been lost to wildfire in the state this year.
Wildfires have already destroyed hundreds of homes in the American West this year. The insurance industry is once again poised to pay out hundreds of millions of dollars to cover those losses, as it already has for homeowners who lost their houses during last year's fire season.
A mannequin in night-vision goggles is part of a display at a border-security expo in Pheonix last year. Defense companies are seeking growth in markets in the developing world, or in homeland and cybersecurity.
Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.
Last fall, defense contractors warned of massive layoffs if the U.S. government enacted the automatic budget cuts known as sequestration. Now, sequestration is in effect, but job losses are limited, in part because many Pentagon contracts were already in place and will keep assembly lines rolling for much of this year.
Gun stores around the country have had difficulty keeping up with demand for ammunition in recent months. Fears of government tightening of gun and ammunition controls have meant that retailers, from Wal-Mart to mom-and-pop gun shops, haven't been able to keep bullets on the shelves.
Cliff Poser's gun shop, Cliff's Guns, Safes and Reloading in Boise, Idaho, is one of them. Business has been so crazy lately that he has to keep a special stash of ammunition, just so customers who buy guns from him can also buy bullets.