Ikea's Typhoon Aid Overshadows China's Aid To Philippines
RENEE MONTAGNE, HOST:
And today's last word in business is: missed opportunity.
The typhoon in the Philippines prompted the U.S. to send money, food and an aircraft carrier, all of which may deepen relations with that U.S. Ally. China has tense relation with the Philippines but did not try the same gambit.
STEVE INSKEEP, HOST:
The world second-biggest economy has pledged $1.6 million to help. It is widely noted that is far, far less than many other countries, and even less than one company. The Swedish furniture store Ikea is sending more money than China.
MONTAGNE: It's rare, actually, that China contributes much in foreign aid. The $1.6 million gift is actually much higher than its first offer of just $100,000.
And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
INSKEEP: And I'm Steve Inskeep.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.