Money Talks

Shares in China's Twitter copycat Weibo fell more than 7% in their first day of trading in Hong Kong. It's the latest sign that investors are still worried about the scope of Beijing's crackdown on tech giants. Weibo joins firms like Alibaba and JD.com, which are both listed in Hong Kong and New York. Didi, the ride-hailing company similar to Uber, is taking it a step further. It plans to de-list from the New York Stock Exchange in favour of Hong Kong, just half a year after its $4.4B IPO in the US. Chinese internet firms have been under increased regulatory scrutiny over their presence in American financial markets, which means they're covered by rules written in Washington.

For more on the story, Richard Kimber joined TRT World’s Newshour from Hong Kong.

#Weibo #ChinaCrackdown #HongKongStockExchange

The Camel is king in Somalia, serving as everything from food to currency. Most importantly, it's a source of status for its owner. Now, with the country suffering through drought and a state of emergency in place, camel herders face a tough choice.

#Somalia #Drought #Camels

The European Union is on track to ban the sale of new cars that burn diesel and gasoline by 2035. That's putting pressure on the continent's auto giants to start phasing out cars that run on fossil fuels and replace them with green alternatives. Environmental activists say it's a much-needed change due to the worsening effects of the climate crisis. But suppliers that have supported the auto sector for decades warn it could render hundreds of thousands of jobs obsolete.

#ElectricVehicles #EuropeanCarMakers #Autoworker

Chinese share prices rallied on Tuesday as heavily-indebted property developer China Evergrande prepares for a billion-dollar restructuring. Beijing is taking an active role in that process, to prevent the disorderly collapse of what was once the country's top seller of homes and office space. The central bank is also easing monetary policy settings to give the economy an extra boost to reverse a recent slowdown in economic growth.

Einar Tangen joined us. He's a senior fellow at the Beijing-based think tank, the Taihe Institute.

#Evergrande #ChinaEconomy #ChinaStockMarket

South Africa's GDP contracted 1.5 percent between July and September, compared to the previous quarter as the economy reeled from a deepening energy crisis as well as the July looting and arson attacks following the jailing of former president Jacob Zuma. The outlook for the rest of the year also appears dreary after a number of countries slapped travel restrictions on South Africa over the emergence of the Omicron variant.

Hugo Pienaar joined us from Cape Town. He's Chief Economist at Bureau for Economic Research.

#SouthAfricaEconomy #CyrilRamaphosa #TravelBans

There was a time when Gaza's gold business flourished. But with Israel banning equipment and raw materials from entering the enclave and its economy in decline, the trade has lost its shine. Only a handful of workshops are still operating and the stream of customers at gold dealers and jewellery shops has slowed to a trickle. Nizar Sadawi reports.

#Gaza #Jewellery #IsraeliBlockade

- US trade deficit narrows to $67B in October as exports surge

- UAE shifts weekend in bid to boost trade and investment

- Saudi Aramco sells $15.5B stake in gas pipeline business

#USTrade #UAEWorkDays #Aramco

- Evergrande shares fall as company nears default

- SoftBank shares slump as key portfolio firms tumble

- Saudi sovereign wealth fund to sell 5% stake in STC

#Evergrande #SoftBank #SaudiTelecom

According to the UN, global fashion manufacturing doubled between 2000 and 2014. But more than half of those items are thrown out within a year. Chile has become the world's leading importer of second-hand clothing. But with growing textile waste, it's also feeling a little worse for wear. Tayyibe Aydin has the story.

#SecondhandClothing #ClothWaste # TextileIndustry

Two years of banking and financial crises have left people in Lebanon looking for new ways to secure their money. And one of them is bitcoin. Imogen Kimber reports from Beirut.

#LebanonInCrisis #Cryptocurrency #Bitcoin