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Chinese Yuan Falls for Second Day

The People's Bank of China has allowed the yuan to fall further for a second day. Plus, Nestle faces a $100m claim from the Indian government over the popular Maggi noodles brand.

The People's Bank of China has allowed the yuan to fall further for a second day. The drop of around 3 percent against the US dollar since Tuesday has hit neighbouring currencies hard, with some falling back to levels last seen in the 1990s. We speak to Dr Yeah Kim Leng from the Malaysia University of Science and Technology.

As the Singaporean dollar fell to a five year low we gauged the reaction there from Simon Baptist at the Economist Intelligence Unit. Maggi noodles are practically a staple of the Indian diet but despite their popularity, the Indian government is seeking nearly $100m in damages from Nestle over claims they contain harmful chemicals. We ask food policy analyst Davinder Sharma in Delhi to explain the case.

Palm oil features in food production on a massive scale. It has meant big business for companies in Malaysia, where large plantations can be found. But is it possible to produce it sustainably, without causing damage to wildlife and the local environment? Jennifer Pak reports from the Ulu Segama forestry reserve.

Some air passengers using British airports are angry at claims retailers could be avoiding sales tax by asking to see your boarding card at the till. We speak to James Daley from the campaign group Fairer Finance.

And US celebrity Kim Kardashian has been forced to remove an image of herself endorsing a product from social media. The Βι¶ΉΤΌΕΔ's technology reporter Leo Kelion explains where she went wrong.

(Picture: China's 100 yuan notes Credit: AFP/Getty Images)

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28 minutes

Last on

Wed 12 Aug 2015 22:32GMT

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  • Wed 12 Aug 2015 22:32GMT