Money Talks

Markets from New York to Shanghai have been in turmoil, amid warnings one of China's largest property developers is on the brink of collapse. Investors are worried about Evergrande's ability to repay 300-billion dollars of debt.. and whether Beijing will step-in to rescue the company. As Paolo Montecillo reports, some are asking if China is about to face its 'Lehman Brothers' moment. We got more on this story with Craig Erlam in London. He's a senior market analyst at OANDA.

#Evergrande #DebtCrisis #ChinaEconomy #USstocks

- Universal Music shares jump nearly 40% on Amsterdam debut

- Shell sells Permian Basin assets to ConocoPhillips for $9.5B

- OECD raises inflation outlook for most G20 countries

#UniversalMusicGroup #Vivendi #LadyGaga #TaylorSwift #EuropeLargestIPO

#Shell #PermianBasin #Oil #FossilFuels #ClimateChange

#OECD #Inflation #G20

- Merck to invest over $3.5B in electronics unit

- Lufthansa to raise $2.5B to repay state bailout

-US reportedly extends Binance probe

#Merck #Electronics #ResearchandDevelopment

#Lufthansa #DebtRepayment #CapitalRaising

#Binance #Investigation #InsiderTrading

Sustainable goods and products are in high demand these days. But even for environmentally-friendly produced items, it's almost impossible to avoid using fossil fuels to transport them. One company wants to change that. The Apollonia is a carbon-neutral merchant vessel. The wind-powered schooner began transporting local products along the Hudson River down to New York City's markets last August. Kyoko Gasha reports.

#EcoFriendly #Shipping #CarbonFreeTransport

Rising bitcoin prices are heating up the race for mining more cryptocurrencies. Mining farms are large computer systems that perform complex calculations to create new coins. But they use a lot of electrical equipment and disposing of it is becoming a challenge. A new study published in the journal 'El Sevier' suggests bitcoin generated more than 30,000 tonnes of e-waste last year and researchers predict the volumes are only going to increase.

#Ewaste #Bitcoin #EnergyConsumption

For the first time ever a spacecraft carrying only civilians has launched into space. The two men and two women blasted-off from Florida' s Kennedy Space Centre on board Elon Musk’s SpaceX Crew Dragon capsule on Wednesday night. They'll spend three days in orbit before returning to Earth, marking another big step towards developing the space tourism industry. Here’s our North America Correspondent Jon Brain. We were joined by Christopher Conselice. He's a Professor of Extragalactic Astronomy at University of Manchester.

#Spacex #SpaceTravel #BlueOrigin #VirginGalactic

-Fitch revises up Turkey's growth forecast to 9.2%

-Lebanon signs central bank audit contract with A&M

-China formally applies to join Asia-Pacific trade pact

#TurkeyEconomy #LebanonCrisis #ChinaCPTPP

An investigation has found International Monetary Fund chief Kristalina Georgieva pressured staff at the World Bank to artificially boost China's ranking in an influential report when she was chief executive of the lender. The external inquiry says Georgieva and the-then World Bank president Jim Yong Kim led efforts to improve China's standing in the 2018 'Doing Business' report. The US-based lender has announced it's now scrapping the flagship publication, which measures governments' progress in making their economies better investment destinations. Georgieva has denied the claims but the investigation has dealt a blow to the IMF chief's reputation.

#IMF #KristalinaGeorgieva #WorldBank #DoingBusinessReport

The Turkish central bank is teaming-up with researchers to study the potential benefits of a shift toward electronic money.

This new payment will be a version of the Turkish lira that's only available digitally. That means there'll be no need to print banknotes or mint coins. As cryptocurrencies become more popular, the world's central banks have realised they need to provide an alternative.. And Turkey joins a growing number of countries that are exploring digital currencies. Paolo Montecillo reports. We got more on this now with Turan Sert in Istanbul. He's a researcher and adviser at Blockchain IST. He's also a member of the advisory board at the crypto currency exchange, Paribu.

#TurkishCentralBank #DigitalCurrency #Lira #CryptoCurrency

- Tencent loses $390B of market cap amid crackdown

- 'Dieselgate' trial kicks off without ex-VW boss

- M&S to close 11 French stores due to Brexit

#Tencent #ChinaCrackdown #ChinaTechCompanies

#Dieselgate #VolksWagen #MartinWinterkorn

#MarksandSpencer #StoreClosure #Brexit