Air Pollution
Children’s health is being threatened around the world by air pollution, according to a new World Health Organization report that says more than 90% of kids are breathing polluted air. The pollution can cause cancer and asthma, and make chronic diseases later in life more likely. “This is inexcusable,” said WHO Director-General Tedros Adhanom Ghebreyesus. Fortune
BP Strength
BP shares popped more than 4% this morning after the oil giant reported a surge in profits. It will now use only cash to fund its $10.5 billion shale deal in the U.S., rather than issuing new shares to fund half the deal. The cause, of course, is high oil prices—good for the likes of BP, but not so much for airlines such as Lufthansa, which missed profit estimates in part thanks to fuel costs. Bloomberg
Yuan Level
China today set the weakest official level for the yuan in a decade: a reference rate of 6.9574 yuan to the dollar. It slid further after trading started. However, despite the predictions of U.S. banks, currency traders and government advisors say Beijing is unlikely to allow the currency to slide past the seven-per-dollar mark. Wall Street Journal
China Restrictions
The U.S. Commerce Department has told American firms they may not sell components to Fujian Jinhua, a Chinese memory-chip manufacturer, without a license. The company “engages in activity contrary to our national security interests,” said Commerce Secretary Wilbur Ross. Fujian Jinhua has been accused of stealing intellectual property from the U.S. chip firm Micron Technology. BBC
Credit: Fortune
via USAHint.com
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