- UK's Bulb goes into administration

- China cracks down on celebrity websites

- Xiaomi reports 4.6% decline in shipments

#Bulb #ChinaCrackdown #Xiaomi

The US has announced that it will release 50 million barrels of oil from its strategic reserves in concert with other major consumers. The move follows a decision by OPEC and its allies to not scale up output despite a rapid rise in energy prices.

#OPEC #OilReserves #EnergyPrices

Video conferencing platform Zoom was one of the biggest winners of the past year and a half, with users around the world relying on its services throughout lockdowns. But with restrictions easing, investors are starting to sour on the platform. Zoom shares have fallen by more than a quarter since the start of the year. And the company says growth in the coming months would continue slowing down as schools and offices re-open, and people start traveling again for meetings and family gatherings. Interactive Investor head of investment Victoria Scholar joined TRT World’s Newshours to discuss Zoom’s prospects.

#Zoom #VideoConferencing #Skype #MicrosoftTeams

- IMF revives $6B loan to bolster Pakistan’s economy

- Turkey welcomes 3.5M foreign travelers in October

- US fund KKR makes $12B bid for Telecom Italia

#IMF #TurkeyTourism #TelecomItalia

British pop star Adele is 'Setting fire' to the billboard charts once again. As it's six years since her last album, 'Rumour Has It' that the singer-songwriter is going to shatter both hearts and sales records.

#Adele #BillboardCharts #30

Indian digital payments provider Paytm got off to a shaky start with its debut on the Bombay Stock Exchange.

Shares finished their first day of trading down 27 percent, as investors worried about the company's ability to earn profits. Despite these jitters, it's India's biggest stock market listing to date and could help Paytm expand into a global payments provider.

#DigitalPayments #India #Paytm #IPO

Policymakers in most rich nations are starting to pull back on stimulus measures that helped their economies survive the coronavirus pandemic. Japan is an outlier. It's announced a historic package of handouts to individuals and businesses. That's on top of the 770-billion dollars in support the government has spent since the pandemic began. Prime Minister Fumio Kishida hopes the cash injection will boost domestic activity and offset the effects of global supply chain bottlenecks that have hurt the nation's exporters. Paolo Montecillo has more. For more, we spoke to Mickey Levy. He's the chief economist for Asia and the US at Berenberg Capital Markets in New York.

#JapanEconomy #StimulusPackage #Pandemic

Indian Prime Minister Narendra Modi has announced he'll scrap three controversial agriculture reform laws. The surprise decision comes after a year of massive protests by farmers' unions outside the capital. Demonstrators say the legislation stripped small farmers of protection against big corporations in a country where the livelihoods of two-thirds of the population of 1.3 billion depend on agriculture. Mobin Nasir reports. Vasuki Shastry is an associate fellow at Chatham House. He joined us from Dubai.

#Indiagovernment #AgriculturalReforms #NarendraModi

- UK retail sales up 0.8% in October, first rise in six months

- Alibaba lowers annual sales outlook, shares plunge 10%

- Ford to boost EV production to 600,000 vehicles by 2023

#UKRetailSales #Alibaba #FordElectricCars

Indian digital payments provider Paytm got off to a shaky start with its debut on the Bombay Stock Exchange.

Shares finished their first day of trading down 27 percent, as investors worried about the company's ability to earn profits. Despite these jitters, it's the country's biggest stock market listing ever and the cash it's amassed could help Paytm expand into a global payments provider. Mobin Nasir reports.

#Paytm #IPO #MadhurDeora