Money Talks

After 16 years at the helm of the German government, Chancellor Angela Merkel is stepping down. Germans go to the polls this week to elect a new government. The void left by the departure of one of the world's longest-serving leaders will be difficult to fill. Mobin Nasir reports on the legacy of a chancellor Germans call Mom. For more on this, we spoke to Carsten Brzeski, who joined us from Frankfurt. He's global head of macro research at ING.

#AngelaMerkel #Germany #Politics #GermanyElections

Oxfam has released a scathing report against the world's wealthiest nations. The poverty eradication organisation says advanced economies have deliberately underfinanced the fight against the climate crisis. It says the vast spending on softening the pandemic's economic blow shows that funds could also be prioritised towards preserving the planet. We spoke to Jan Kowalzig, who's a senior policy adviser for climate change at Oxfam Germany. He joins us now from Berlin.

#ClimateFinance #GlobalHeating #Oxfam #Environment

Hospitality in the UK is experiencing a staffing crisis. 1 in 10 jobs are currently unfilled, according to industry leaders. A combination of factors including COVID-19 and Brexit are putting a real strain on restaurants, hotels and bars. But could students with spare hours in the day be the answer? An app is linking flexible undergraduates with hospitality businesses, as Matt Gooderick explains from London.

#MicroShifts #UKApp #Stint

Staying in China where property giant, Evergrande, has kept investors in the dark over more than 80-million dollars in interest payments due this week. There's been no word on when or even if that money will ever come. Some workers across the firm's many businesses say they've also been waiting for paychecks for months. Paolo Montecillo has the details.

#PropertyMarket #ChinaEconomy #EvergrandeDebt

- EU proposes universal charger for phones, electronic devices

- Finance chief of Novatek arrested in US on tax charges

- New York passes laws to protect food couriers' rights

#EUUniversalCharger #Novatek #FoodDeliveryDrivers

- Turkey's central bank cuts policy rate to 18%

- Global chip shortage could cost carmakers $210B

- Taiwan applies to join Pacific trade pact

#TCMB #TurkeyCentralBank #PolicyRate #InterestRate #Inflation

#ChipShortage #Semiconductor #CarIndustry #AlixPartners #AutoIndustry

#Taiwan #China #PacificTradeDeal #TransPacificPartnership

- US House passes bill to suspend debt limit

- BoJ to start disbursing loans to fight climate crisis

- SII to invest $68M in Oxford Biomedica

#USHouse #Senate #Budget #Republican #Democrat

#BankofJapan #GreenFunding #ClimateCrisis #CentralBank

#CovidVaccine #SerumInstituteofIndia #OxfordBiomedica #Astrazeneca

Streaming services have dominated television's biggest awards night. Online platforms took the lion's share of accolades at this year's Emmy Awards. And with streaming companies pledging to invest billions of dollars in new content, more viewers are expected to cut the cord on cable TV.

#EmmyAwards #AppleTV+ #HBOMax #Netflix

Justin Trudeau has won a third term as Canada's prime minister, but has fallen short of winning a majority. Votes are still being counted but his Liberal Party currently has 158 seats. That's a few more than it won in 2019, but not enough for a majority. Trudeau had hoped to send as many Liberal MPs to Ottawa to govern, without directly asking Canadians to give him the majority. But as Liz Maddock reports, he's claiming a clear mandate. To get more on the story, we were joined by Chris Alexander from Ajax in Ontario. He's a former Canadian Immigration Minister under the previous Conservative government.

#CanadaElections #ParliamentaryMajority #JustinTrudeau #LiberalParty

Australia's decision to pull-out of a submarine deal with France is threatening to cause rifts between the US, UK and their European allies. Canberra has ditched a 2016 deal to build submarines with Paris in favour of a new defence pact with Washington and London. The French government has accused the three of deceit and back-stabbing. And any retaliation could jeopardise billions of dollars in trade between Australia and Europe. Mobin Nasir reports. For more on this, Elisabeth Braw joined us from London. She's senior fellow at the American Enterprise Institute.

#Australia #NuclearSubmarine #France #UK