Money Talks

Azerbaijan has opened a second airport in an area liberated from Armenian occupation. Azerbaijani President Ilham Aliyev says Türkiye was pivotal in the reconstruction of this area that had been disputed for decades. Hasan Abdullah has more.

#Azerbaijan #Karabakh #Zangilan

Moving on to the EU now, where the cost of living is also on the rise. Much of that is tied to the cost of energy, which has skyrocketed as the bloc piles sanctions on Moscow for the bombs it's dropping on Ukraine. That's forcing policymakers in Brussels and other European capitals to search for new suppliers of gas and oil, two much needed commodities as weather on the continent gets colder. Paolo Montecillo reports.

For more on this, we spoke to Noah Brenner, executive editor at Energy Intelligence in London.

#EuropeanUnion #Energy #NeturalGas

British markets are heading lower amid the continuing fallout from the resignation of Prime Minister Liz Truss. Truss' downfall was the result of a deeply unpopular economic programme that called for tax cuts, and therefore more debt on the back of taxpayers. Focus now turns to how the ruling Conservative Party plans to respond to the rising cost of living, and slowing economic growth.

For more, we spoke to Jameel Ahmad, who is the chief investment strategist for MENA at Alpari in Dubai.

#BritishEconomy #LizTruss #Resignation

Oil prices are recovering slightly after falling overnight on the expectation of weak demand from major producers. The first red flag raising worries among investors is China's refusal to report its third quarter economic data. In the US, President Joe Biden is reportedly planning to release more oil from the nation's emergency reserves.

For more on oil market, we spoke to Danni Hewson, who is a financial analyst at AJ Bell in the UK.

#Oil #OilPrices #OilMarket

The Chinese government has suspended the release of economic data, stoking speculation of a major slump in the third quarter. This comes amid a congress of the ruling Communist Party, a gathering that happens twice a decade. The anticipated release of GDP data has been postponed with no official explanation.

For more on this, we spoke to Stephen Innes, who is the managing partner at SPI Asset Management in Bangkok.

#China #GDP #CommunistPartyCongress

UK Finance Minister Jeremy Hunt used his first Monday on the job to announce that "almost all" tax measures announced by his predecessor would be reversed. On Friday, Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng less than six weeks after the pair took office, appearing to blame the chaos sparked in financial markets by the budget he announced on September 23.

For the details, we spoke to Vicky Pryce, who is a board member at CEBR in London.

#LizTruss #JeremyHunt #UKEconomy

IMF and World Bank warn that a global downturn has become more likely, resulting in fewer new jobs, smaller household budgets, and a drop in corporate profits. A recession in major economies isn't for certain just yet, but business activity is slowing to a crawl. Rich nations, led by the US Federal Reserve, are raising interest rates at their fastest pace in decades. As a result, investors are diverting trillions of dollars in financing toward safe assets that are denominated in the greenback. That leaves less resources for developing nations to use to support their own economies.

For the details, we had economist Taha Meli Arvas in the studio.

#GlobalEconomy #EconomicGrowth #GDPOutlook

The US is taking aim at Chinese companies once again, in a 'micro-chips' war that has seen the Silicon tech industry and its Chinese counterpart arm-wrestle for nearly a year. Washington has now introduced new restrictions that have significantly raised the stakes in this conflict. Shares in top Chinese chipmakers shed $8.6B in market value in only one session this week, as new US export controls threatened to obstruct Beijing's plans for technological self-sufficiency.

#Microchip #Semiconductor #USChinaTies

Japan's fight against COVID-19 has come at a steep cost for its economy. The yen has fallen to its lowest level in decades and the economy shrank in August. In a bid to restore growth, the government is now lifting travel restrictions and welcoming back tourists. But can a rebound in the industry save the economy? Tulay Kalyon Haznedaroglu explains.

For more on Japan’s economy, we were joined by Professor Seijiro Takeshita.

#Japan #Tourism #Travel

Dozens of cars have blocked streets in France after labor strikes at oil refineries choked fuel supplies nationwide. Unions say workers are struggling to keep up with runaway inflation, while oil companies are making windfall profits thanks to surging energy prices. Mobin Nasir has more.

For more on that, we spoke to independent analyst, Neil Atkinson.

#France #Strike #TotalEnergies