India is creating a new financial giant. Prime Minister Narendra Modi's government surprised bankers by saying it's merging three state-run lenders, to tackle bad loans and revive credit growth. Rebecca Bundhun has more from Mumbai.

Korean leaders have kicked off their third summit this year. South Korean President Moon Jae-in and his North Korean counterpart, Kim Jong-un, hope to revive stalled denuclearisation talks. But both leaders are also looking to bring their economies closer. Moon's approval ratings have slipped after a recent minimum wage hike. He is now hoping North Korean workers could help fill some of the labour shortages his country is facing. Bruce Harrison reports from Seoul, on why Moon's economic policies are drawing criticism.

More shots have been fired in the US-China trade war. Washington is slapping tariffs on $200 billion worth of imports from China and it's warning there's more pain to come if Beijing doesn't change its trade behaviour. The Chinese government says it has no choice but to hit back at the US. And the rising tensions are taking a toll on a range of industries in the world's two largest economies. Mobin Nasir reports. And for more on this, TRT World's Editor-at-large Craig Copetas, editorial director of the American Institute for Economic Research, Jeffery Tucker join the discussion.

How much would you pay to buy a luxury car used by a head of state? Pakistan's government is hoping bidders will pay top dollar for more than a hundred cars it's auctioning off. The cars were used by former prime minister Nawaz Sharif, and the auction is part of the new government's austerity drive. Mobin Nasir has more.

US tech giant Apple has given the Irish government $16.7 billion in taxes, complying with a European Union order. The Irish government has tried to avoid recovering the tax Brussels says it was owed, but insists it was always going to follow the EU ruling. Jack Parrock has more from Brussels.

Pakistan is facing is water shortages. Researchers warn the country needs new reservoirs, dams, and better management to avert a crisis. Now, Pakistan's new government has come up with a way to keep the water flowing. But as Kamran Yousaf reports from Islamabad, covering its costs may be a problem.

Another tech billionaire is buying one of the world's most influential media organisations. Marc Benioff, co-founder of Salesforce.com, is acquiring TIME magazine for close to $190 million. We take a look at the beginning of this new chapter for the nearly century-old publication. And TRT World Editor-at-large Craig Copetas joins us for more.

Southeast Asia's only Formula One Grand Prix is in Singapore. Only one driver gets to stand at the top of the podium in the floodlights of the night-time race. But off the track, there's no shortage of winners. Sandy Huang finds out what the annual race has meant for Singapore's economy, more than a decade since Formula One hit the street circuit.

Hong Kong is recovering from one of the worst storms to ever hit the city. Typhoon Mangkhut battered local infrastructure and left a trail of destruction across southern China. One economist estimates the losses at $930 million. Joel Flynn reports on how the city's been picking up the pieces.

Whatever the outcome of Brexit talks, it will be costly for the UK, the IMF said. Speaking at a press conference at the UK Treasury, IMF Managing Director Christine Lagarde said an exit from the EU without a deal would deliver the most pain.

For more on the story, we speak to Geraint Johnes, professor of economics at Lancaster University.