Economy & Business

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The world's second largest diamond goes on the auction block today for an expected $70 million.

It was found last fall in Botswana, where half the population is poor or hovering just above poverty.

All of which raises the question: How much do diamond sales benefit Botswana's citizens?

U.S. slips in 2016 Social Progress Index

Jun 29, 2016
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Mitchell Hartman

The Social Progress Index for 2016 ranks the United States No. 19 among 133 countries in the world, behind Ireland, France, Canada and New Zealand, and just ahead of Slovenia and Portugal. Full details of the rankings and analysis can be found here

European Union leaders trying to discourage euroskeptics

Jun 29, 2016

Members of the European Union, who are meeting in Brussels on Wednesday, are telling Britain they will not begin negotiating any exit strategy until the U.K. formally applies to leave the bloc. That may not happen until Prime Minister David Cameron leaves office, possibly in the fall.  

Cameron, who met with EU leaders on Tuesday, will not attend the latest round of conversations. The EU, which is trying not to encourage euroskeptics in their own countries, will discuss the future of the 28-member-state bloc.

Obama's last ride as part of the Three Amigos

Jun 29, 2016
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JaeRan Kim

The leaders of the three North American countries are gathering Wednesday for the “Three Amigos Summit,” a meeting during which President Barack Obama and his counterparts will discuss a wide variety of interests the nations share.

The discussions will likely include public assurances that the recent decision by United Kingdom voters to withdraw from the European Union will not have overly damaging impact domestically.

If Great Britain goes, so could the English language

Jun 29, 2016
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Sally Herships

Trying to do business internationally can feel like working on the Tower of Babel. But Andy Molinsky, a professor of international management and organizational behavior at Brandeis University's International Business School, said there's a common fix. 

Why Americans feel the economy is rigged

Jun 29, 2016
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Nancy Marshall-Genzer

We asked a new question in our Marketplace-Edison Research Poll — this time, whether the U.S. economy is rigged in favor of certain groups. 

Almost 71 percent of the people we polled said yes.

I visited a family in Long Island to find out why people feel this way. The streets in their town of Franklin Square are lined with cozy, Cape Cod-style homes.

I stop at Alexandra Singh Shergill’s house.

She's 24. She just graduated from college with a business degree. She's now living at home and working at Barnes & Noble. She's convinced the economy is rigged.

Marketplace Tech for Wednesday, June 29, 2016

Jun 29, 2016
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Marketplace

On today's show, we'll talk about Clinton's speech on using technology to help grow the U.S. economy; a hack on Mark Zuckerberg, Channing Tatum and Sundar Pichai by the group Our Mine;  and Apple's new patent that would disable photo and video recording capabilities in specific places. 

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Marketplace

On today's show, we'll talk about Wednesday's European Union meeting in Brussels; the latest results from our economic anxiety poll, which reveal that 71 percent of Americans think the economy is rigged; and the possibility of an English-less European Union. 

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Last week's Brexit vote sent financial markets tumbling around the world, wiping out months of stock market gains and pushing the British pound down to levels not seen in more than three decades.

It also raised tough questions about the future of the United Kingdom's economy, especially with the resignation of Prime Minister David Cameron and the ensuing political turmoil.

Ikea has announced a voluntary recall of 29 million chests and drawers, after three children died in the past two years after dresser tip-over accidents.

The recall affects Malm dressers and chests of drawers with three or more drawers, as well as a number of other Ikea models.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Volkswagen has agreed to pay up to $10 billion to buy back cars and compensate U.S. vehicle owners in the largest civil settlement in automobile history.

The carmaker will also pay nearly $5 billion in environmental reparations.

Days after the U.K. voted to leave the European Union, official proceedings for the "divorce" have not yet begun. But repercussions of the decision are already multiplying.

Credit ratings agencies have downgraded the U.K.'s rating. Police report a rise in reports of hate crime incidents. London's mayor is calling for greater autonomy for the capital city (which voted to remain in the EU). And fury and glee duked it out on the floor of the European Parliament.

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