Economy & Business

Business
4:07 am
Mon November 25, 2013

China Pits Hollywood Blockbusters Against Each Other

Originally published on Mon November 25, 2013 12:11 pm

The 3D space epic Gravity made $35.5 million over its first weekend in China. Catching Fire, the second in the Hunger Games franchise opened two days later. The China Film Group says it does that to "create a space for domestic movies to survive and grow."

Business
4:07 am
Mon November 25, 2013

Swiss Voters Reject Attempt To Limit Executive Pay

Originally published on Mon November 25, 2013 12:11 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with no salary cap for Swiss executives.

(SOUNDBITE OF MUSIC)

GREENE: A proposal in Switzerland to limit executive pay has been rejected by voters there. As we reported on the program last week, the initiative would have meant that an executive could never earn more money in a month than what the lowest-paid employee earns in a year.

Asia
4:07 am
Mon November 25, 2013

After The Storm: Commerce Returns To Damaged Philippines City

In the past week, this street market in Tacloban has grown exponentially as people try to earn money to rebuild their lives.
Frank Langfitt/ NPR

Originally published on Mon November 25, 2013 12:11 pm

Commerce has returned to the storm-savaged streets of Tacloban in the past week. People sell bananas along the roads, and a bustling market has sprung up across several blocks downtown.

Jimbo Tampol, who works for a local Coca-Cola distributor, drives across Tacloban selling ice-cold sodas from coolers. In a city where there is no electricity and little refrigeration, a cold soda is a big deal, a symbol of normalcy.

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Code Switch
1:55 am
Mon November 25, 2013

Hollywood's New Strategy: Supporting Chinese-Made Blockbusters

Hollywood's version of Iron Man 3 shown in China played down the rather unfortunately named baddie, The Mandarin, played by Ben Kingsley.
Marvel

Originally published on Mon November 25, 2013 12:11 pm

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Middle East
1:52 am
Mon November 25, 2013

Crippled By Sanctions, Iran's Economy Key In Nuclear Deal

A man pushes his cart loaded with fuel containers in Tehran, Iran. Sanctions on Iran's oil have put a serious dent in the country's economy, pushing up the inflation rate to 40 percent.
Vahid Salemi AP

Originally published on Mon November 25, 2013 12:11 pm

Some of the sanctions against Iran will be eased under an agreement reached between Iran and six world powers over the weekend. In return, Iran promises to temporarily curb part of its nuclear program.

There's widespread agreement that sanctions have worked, squeezing Iran financially and bringing its leaders to the negotiating table. Iran's economy is, by any measure, in terrible shape.

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