Marketplace for Tuesday August 12, 2014
The European Union imposed sanctions on Russia over its activities in Ukraine. The Russians hit back with a raft of bans on European produce on alleged health and safety grounds. With the Russian export market cut off, many European nations are faced with a produce glut and are having to work out how to offload all their unwanted apples, dairy products or meat. Plus, the U.S. has begun providing weapons to Kurdish forces in northern Iraq to help in their battle against ISIS militants. Administration officials would only confirm that guns and other ”light” weapons have been shipped to Kurdish Peshmerga forces. But this wouldn't be the first time arms have been sent to non-state actors. Think Afghanistan. And most recently, Syria. So who provides the arms, who pays for them and how do they get to their intended recipients? Also, Apple is reportedly talking to hospitals about a "health kit" where all your information goes into the cloud. Every big tech company seems to be interested in this space. We explain why.