Money Talks

- Turkiye's central bank cuts benchmark rate to 14%

- Creditors sue Evergrande for claims totalling $13B

- New Zealand's economy shrinks 3.7% in the Q3

#TurkiyePolicyRate #Evergrande #NewZealandEconomy

U-S authorities say the death toll from last weekend's tornado cluster is expected to climb as more bodies are found under the debris. As officials count the human toll, the extent of the record-breaking economic damage is becoming clearer. Households and businesses saw billions of dollars worth of property get swept away by the storms, in what could be a preview of future disasters brought on by the climate crisis.

We were joined by Joann Weiner in Lake Tahoe, California. She's a professor of economics and the director of the applied economics graduate programme at George Washington University.

#Tornado #CilimateCrisis #TornadoDamage

- UK inflation hits 10-year high of 5.1% in November

- China's home, retail sales disappoint in November

- Zara owner Inditex reports 21% jump in Q3 sales

#UKInflation #ChinaEconomy #Inditex

2021 saw Tesla becoming a trillion-dollar company and SpaceX carrying an all-civilian crew to the edge of space. And Elon Musk, the man behind these projects, did it all while making regular television appearances and live-tweeting his personal life. Time Magazine has named him its "Person of the Year" for 2021.

#ElonMusk #TimeMagazine #PersonoftheYear

China's economic slump is deepening due to its property crisis and the return of social distancing restrictions, which weighed on consumer sentiment. Growth in retail sales also slowed to 3.9% percent in November, from October's gain of almost 5%. One bright spot was China's manufacturing sector. Industrial output growth accelerated slightly to 3.8%.

#ChinaEconomy #ChinaHomeSales #ChinaRetailSales

Galataport Istanbul with its cruise ship terminal, is expected to bring millions of foreign travellers and create thousands of jobs in Turkiye's most populous city. Mobin Nasir paid a visit to the country's latest mega project to find out how it's driving revenues for local businesses while adding more public spaces.

#Galataport #CruiseShip #TurkiyeTravelers

The soap-making season has just started in northern Syria. The region is well-known for producing soap made from olive oil. Production had been disrupted by the country's decade-long war, but as Obaida Hitto reports, factories have been able to relocate and expand their operations since then.

#Syria #Afrin #SoapMaking

While the UK's unemployment rate has continued to fall, the number of job vacancies is at a record high of around 1.2 million. 'The Great Resignation' is a phenomenon affecting several developed economies. Workers are quitting and defecting for higher wages and better conditions. It's been spurred on by the pandemic, which has led many to rethink their priorities and search for better work-life balance leaving businesses facing a new set of challenges. Natalie Powell reports.

Hilary Ingham joined us from Lancaster, UK. She is senior lecturer in Economics at Lancaster University.

#UKUnemployment #JobVacancies #UKWorkers

Global markets are in the red due to mounting inflationary pressures. Investors are becoming more risk averse as consumer prices continue to rise, and their potential effect on corporate profits and household spending in major economies. All eyes are on the Federal Reserve's meeting on Wednesday, waiting for signals from officials on the future of stimulus measures that gave financial markets a boost, but may now be eroding the value of the dollar.

For more, Carsten Brzeski joined us. He's the global head of macro research at the financial giant ING, and joins us from Frankfurt.

#Inflation #ConsumerPrices #FederalReserve

- Insurance claims from natural disasters to hit $105B in 2021

- Bitcoin falls around 7% to below $47,000 on rate hike fears

- Rentokil to buy pest-control rival Terminix in $6.7B deal

#Natural Disasters #Bitcoin #Rentokil