Leading cryptocurrency bitcoin has lost more than 7% in the last 24 hours, amid a sharp selloff in the sector. Rival ether is also down 8%. The slumps are part of a broader decline in the global crypto market, which has lost some $200B in value over the past day. It's tied to the $550B infrastructure bill signed into law by US President Joe Biden. The new spending programme mandates tougher tax reporting rules for cryptocurrency transactions.

#Bitcoin #CryptoCrackdown #Ethereum #InfrastructureBill

Spain's second-biggest lender wants to take full control of Turkish financial giant Garanti Bank.

The chairman of the Spanish bank says it's a vote of confidence in the Turkish economy. He expects it to continue growing, thanks to its solid fundamentals and the country's large population. Let's get more on this now with Taha Arvas in Istanbul. He's a professor of finance at Bogazici University.

#BBVA #GarantiBank #Spain #Turkey

- Japan GDP contracts more-than-expected 3% in Q3

- Shell to ditch dual share structure in major shake-up

- New Zealand's public sector gender pay gap shrinks

#JapanEconomy #Shell #GenderGap

The Japanese economy shrank more than expected in the third quarter, partly because of hurdles it faced during the Tokyo Olympic Games. The world's third largest economy saw its G-D-P shrink 3% year-on-year in the three months to September.

Consumer spending slumped as authorities put large parts of the country under a state of emergency, to keep COVID-19 infections at bay. As a result, Japan missed out on a bump in activity during the Olympics, with domestic and international spectators locked out of the two-week event.

The country also took a hit from supply chain bottlenecks that have choked other major economies. Japanese carmakers and electronics manufacturers were forced to cut production due to a shortage of semiconductor chips. Exports fell more than two percent during the quarter. Professor Seijiro Takeshita from the University of Shizuoka joined the show to give his take on Japan’s economic prospects.

#JapaneseEconomy #PrivateSpending #Exports #SupplyChain

The numbers are in and this year's Singles' Day in China has broken records yet again. Now in its 12th year, the event first thought up by e-commerce giant Alibaba has become the world's biggest shopping festival. But this year's atmosphere was more muted amid a government crackdown on the nation's tech giants.

#SinglesDay #China #JD #Alibaba

More and more Americans are moving away from large cities for life in smaller towns and suburbs as they take advantage of low interest rates and the opportunity to work remotely due to the pandemic. Many residents of New York City in particular have chosen to purchase homes in neighbouring suburbs in New Jersey, Connecticut, and upstate New York. Julia Sun has more on this trend and some of the businesses profiting from it.

#US #Suburbia #SuburbanJungle

Shares in electric vehicle start-up, Rivian - which is hoping to be the next Tesla - have surged almost 60-percent since it's market debut on Wednesday, which was America's biggest IPO since 2014. The van and truck manufacturer has attracted huge investor interest, including from e-commerce giant, Amazon and its valuation as ballooned to more than 120-billion dollars, making it more valuable than traditional carmakers Ford and GM.

#Rivian #IPO #Trading #ElectricCars

As the UN climate talks in Glasgow come to a close, the financial world is also concentrating on global heating and its effects. It’s led to a rise in so called ethical investing in recent years. But what actually is it and can it make money? Matt Gooderick has more from London.

#CleanCash #ClimateFinance #FossilFuel #Funding

We begin our show with the COP-26 climate conference in Glasgow, where world leaders have been meeting for the last two weeks, in an effort to reach a consensus on how to stop global heating. The private sector is promising to spend unprecedented amounts of money to wean the world economy off fossil fuels. Governments have also unveiled their roadmaps to a more sustainable future. But many of those promises have been criticised by activists who want to see more ambitious targets being set. Paolo Montecillo reports. For more, we were joined by Eddy Perez is the international climate diplomacy manager at Climate Action Network Canada.

#COP26 #ClimateChange #WeakPolicies #Pledges

- Malaysia's economy shrinks 4.5% in Q3 on virus curbs

- Turkey's industrial output, retail sales rise in September

- AstraZeneca to start taking profits from vaccine sales

#MalaysiaGDP #TurkishEconomy #AstraZeneca