Money Talks

- Alphabet, Microsoft report upbeat Q3 earnings

- Deutsche Bank reports fifth straight quarter of profit

- US bans China Telecom over security concerns

#AlphabetEarnings #DeutscheBank #ChinaTelecom

Tesla has become the highest valued car company in history. The electric vehicle maker has broken the 1-trillion dollar valuation barrier after a lucrative order was placed by a global hire car giant. The company was created just 18 years ago, but has already become an industry leader.. making its founder Elon Musk a very rich man.

#Tesla #ElectricCars #ElonMusk

As working parents in the US return to the office, they find themselves facing an urgent problem: a lack of childcare services. Staffing has long been challenging in the sector, and the COVID-19 pandemic has only made it worse. Julia Sun has more from New York.

#USchildcare #pandemic

#Indeed

The United Nations has warned of dangerous global heating as governments drag their feet on the climate crisis. The UN Enviornment Programme says current commitments to cut carbon emissions fall far short of what's needed to adequately reduce global temperature rises. And even if countries stick to those pledges, it may be too little, too late. Paolo Montecillo reports.

#UN #CarbonEmissions #RisingTemperatures

A military coup in Sudan is drawing international condemnation and threatening the flow of foreign aid that's been a lifeline to the economy. Countries are throwing their support behind thousands of protesters calling for free and fair elections. Military leaders have promised a swift transition to democracy, but demonstrators accuse them of a power grab. The resultant political crisis is threatening to derail Sudan's budding economic recovery. Mobin Nasir reports. We spoke to Ahmed Soliman in London. He's a research fellow with the Africa Programme at Chatham House.

#Sudan #MilitaryCoup #ForeignAid #US

Silicon Valley is on track to a banner year as tech profits surge, extending a strong run that began with the pandemic.

Google parent Alphabet says earnings rose to almost 19 billion dollars in the third quarter, the highest on record. Microsoft profits also grew 48 percent to more than 20 billion dollars, beating expectations. Their combined revenues were up by a third to more than 110-billion dollars. Both companies got a boost from their cloud-computing businesses, as more people worked from home, and with some schools still doing remote-learning. The two are also selling more ads as audiences move toward digital media. Google is the world's biggest seller of advertising space, and saw a 41-percent jump in sales. Social media firm Twitter also reported strong growth in ad revenues. That's despite tougher privacy rules by i-Phone maker Apple, which companies like Facebook and Snapchat have blamed for slowing growth.

#SiliconValley #Facebook #Google #TechStocks

Nigeria has launched a digital version of its naira currency in an effort to make transactions easier, cheaper and more secure. The 'e-Naira' is being issued and regulated by Nigeria's central bank and is the government's answer to the growing demand for cryptocurrencies in Africa's largest economy. It comes after authorities effectively banned cryptocurrency transactions in the country in February, as they sought to crackdown on the volatile sector. Motheo Khoaripe has the details. Luke Ofojebe is head of research at Vetiva Capital Management. He told us more about how Nigerians will benefit from the digital currency.

#Nigeria #FinTech #Cryptocurrencies #eNaira

Tesla has become the highest valued car company in history.

The electric vehicle maker was created just 18 years ago, but has already become an industry leader… and made its founder Elon Musk a very rich man.

#ElonMusk #Tesla #Hertz #ElectricCars

- South Korea's GDP growth slows in Q3 on weak domestic demand

- Chinese developer Modern Land misses $250M bond payment

- Facebook reports upbeat Q3 earnings, but misses on revenue

#SouthKorea #ChinaProperty #FacebookEarnings

China Evergrande to shift focus to electric cars

The world's most heavily indebted property developer wants to be a major player in China's competitive electric vehicle market. China Evergrande says it's changing lanes and making its car-manufacturing business the primary focus over the next 10 years. Shares in China Evergrande New Energy Vehicle Group jumped as much as 17-percent on the news.

HSBC unveils $2B share buyback after upbeat Q3

HSBC has unveiled plans for a share buyback of up to 2 billion dollars after reporting better-than-expected third-quarter results. Pre-tax profits jumped 76 percent from a year ago to 5-point-4 billion dollars, thanks to the release of 700 million dollars in loan-loss reserves. Earnings were also boosted by strong equity trading activity from its wealth management clients in Asia.

Italy, UniCredit talks on Monte Paschi collapse

AND Italy's economy ministry says it's ended talks with UniCredit over the sale of commercial bank Monte dei Paschi di Siena. This came as a major blow to the government's years-long effort to return the world's oldest bank to private hands. The treasury is required to divest its stake in M-P-S by the end of the year under conditions set by the European Commission.

#Evergrande #ElectricVehicles #HSBC #Sharebuyback #MontePaschi