Money Talks

The pandemic has seen consumers shift to online shopping, as stores were forced to shut their doors for long periods over the past 20 months. In the UK, that has led to thousands of closures this year. But new data suggests that independent retailers are coming to the rescue of the ailing high street. Matt Gooderick has more.

#UKretailers #Pandemic #OnlineShopping #HighStreet

G20 finance ministers have endorsed a plan to roll out a global minimum corporate income tax rate of 15 percent within the next two years. More than 130 countries have already signed on to the agreement, which is aimed at making large multinational corporations pay more. Mobin Nasir reports. We had a chat to Director of Applied Economics at George Washington University, Joann Weiner joined the show. She says the agreement over a global minimum tax for corporations is a historic step, but that a central authority would be needed to implement it.

#G20 #CorporateIncomeTax #Multinationals

Supply chain bottlenecks are pushing up the cost of a wide variety of goods. That's because of rising demand for products that the world's infrastructure isn't equipped to handle. As Paolo Montecillo reports, it's threatening to derail the fragile recovery from the pandemic. For more, we spoke to Samir Dani. He's a professor of operations management and the Deputy Director of the Keele University Business School, and joins us from Loughborough in the U-K.

#EconomicRecovery #GlobalShortage #Pandenic

- Evergrande's $1.7B Hong Kong HQ sale reportedly flops

- Microsoft to close LinkedIn in China amid tech crackdown

- Goldman Sachs posts 48% jump in Q3 net profit to $5.38B

#Evergrande #LinkedIn #GoldmanSachs

- Bank of America, Citigroup post upbeat Q3 results

- China's factory inflation hits record high in Sept

- Singapore unexpectedly tightens monetary policy

#BankEarnings #Inflation #SingaporeRateHike

- JPMorgan posts upbeat Q3 results on M&A boom

- China’s export growth accelerated in September

- Deutsche Bank sued for $578M over forex scandal

#JPMorganEarnings #ChinaTrade #DeutscheBank

Tesla is set to open its first European production site in the coming weeks. Founder Elon Musk threw a party over the weekend, to unveil the new plant in Germany's Brandenburg district. But as Sibel Karkus reports, the project comes with controversy.

#Tesla #Gigafactory #Germany #ElonMusk

New York City's Chinatown is home to thousands of small businesses. The ordinarily bustling area was hit hard by the COVID-19 pandemic, as tourism numbers fell dramatically and anti-Asian sentiment hit an all-time high. But the community is fighting back. Kyoko Gasha pays a visit to an initiative aimed at assisting and reviving local businesses.

#SmallBusinesses #PandemicRecovery #NGO

The International Monetary Fund has trimmed its forecast for global growth this year as nations struggle to contain the Delta variant of the coronavirus. The unequal distribution of vaccines means some countries will recover from the pandemic faster than those without sufficient jabs to innoculate their populations. Paolo Montecillo has more.

#IMF #GlobalGDP #GlobalGrowth #GDP

A looming humanitarian crisis in Afghanistan is raising concern among world leaders. On Tuesday, an emergency meeting of representatives of the 20 biggest economies discussed aid for the war-ravaged country as well as ensuring safe passage for thousands of Western-allied Afghans. But China and Russia disagree with other G20 members on how to approach the country's multiple crises. And as Mobin Nasir reports, reaching a consensus on how to help Afghanistan's most vulnerable may not be easy. For more on this, Torek Farhadi joins me. He's a former economic adviser to the Afghan government.

#G20 #Afghanistan #China #Russia