- Turkey's central bank cuts key policy rate to 15%

- Biden urges US regulators to probe high fuel prices

- Evergrande sells entire stake in HengTen for $273M

#TurkeyRateCut #USFuelPrices #Evergrande

India's multipurpose personal finance app Paytm has had a historic but disappointing IPO. Shares in One97 Communications, the company that runs the service, fell as much as 25%on the first day of trading in Mumbai, although it did regain some of those losses. Investors gave the firm a lukewarm welcome amid concerns over its inability - so far - to turn a profit. That's despite the company's growing popularity and a customer base of more than 300M people. Paytm started out as a platform for mobile top-ups in 2010. Over the past decade, its list of services has grown to include bill payments, e-commerce, and insurance. Despite the tepid reception, Paytm debut is the biggest listing in India's history. The company raised $2.5B from new investors. Officials want to use that money to fund expansion plans outside the large Indian market. Business Strategy Specialist Harish Bijoor joined TRT World’s Newshour to discuss the company’s prospects.

#India #Paytm #IPO #Listing

Electric car start-ups are on a joy ride. Little-known companies that have sold few or no vehicles are hitting valuations higher than decades-old household names. Investors are betting big on firms that still have a lot to prove, hoping to replicate the success of Tesla, which has become one of the world's most valuable companies. Paolo Montecillo reports.

#ElectricCars #CompanValuations #Carmakers #Tesla

- China-Africa trade hits record $185B from Jan-Sept

- Japan's export growth hits eight-month low in Oct

- UK inflation surges to 10-year high of 4.2% in Oct

#ChinaAfricaTrade #JapanTrade #UKInflation

US toy sales were on fire in the first six months of this year. Revenues were up 19 percent compared to the same period last year, according to the NPD Group. But retailers are facing inventory challenges ahead of the holiday shopping season, due to manufacturing delays, congestion at ports, and labour shortages. Julia Sun paid a visit to a New York City toy store to see how it's coping with the supply chain disruptions.

#SupplyChain #HolidaySeason #ToySales

Divorce settlements are often messy, but the break-up between real estate mogul Harry Macklowe and his ex-wife Linda, is one for the record books. Their art collection which includes dozens of 20th and 21st century masterpieces, is the most valuable to ever go under the hammer. Mobin Nasir reports.

#MackloweAuction #ArtSales #Estate #DivorceSettlements

US President Joe Biden has met China's Xi Jinping for nearly four hours in a virtual summit in the hope of easing increasing tensions. The two presidents have discussed how to strengthen communications and build on mutual respect. But as Sally Ayhan reports, questions remain as to whether they can repair relations. We spoke to Anna Ashton in Washington DC, She's Vice President of Government Affairs at the US-China Business Council.

#Biden #Xi #VirtualSummit

The crypto coaster is heading down once again after reaching dizzying heights. Assets like bitcoin and ether have dropped after the world's two largest economies put tougher cryptocurrency regulations in place. But analysts remain optimistic that block-chain bets can be long-term winners, as the industry gains legitimacy and mainstream popularity. Paolo Montecillo has more. Let's go now to Jeffrey Tucker. He's the editorial director of the American Institute for Economic Research. He's also the president of the non-profit, the Brownstone Institute.

#Bitcoin #ChinaRegulations #Cryptocurrencies #UStaxes

American consumers continue to part with all that money they saved up during the height of the pandemic, giving the world's largest economy a welcome boost. Retail sales rose 1-point-7 percent in October. That's higher than analysts' projections, and marks the third consecutive month of growth. Spending rose due to early holiday shopping, and higher fuel prices. A global chip shortage also made brand new cars more expensive, bumping up the total. It's a good sign for U-S retail giants, which are already seeing record revenues. Walmart says sales jumped a better-than-expected 4 percent to more than 140 billion dollars in the three months to September. And hardware goods chain Home Depot reported a 10 percent surge in revenue in the same period to almost 37 billion dollars. That result also beat market forecasts.

Mark Cohen is the director of retail studies at the Columbia Business School. He joins us now from New York.

#USretailers #USeconomy #Consumers #Pandemic

- Germany suspends certification of Nord Stream 2 pipeline

- US retail sales up 1.7% in October on solid holiday shopping

- Afghan central bank sells $10M to support falling currency

#NordStream2 #USRetailSales #AfghanCentralBank