Money Talks

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.

#TurkeyCentralBank #DigitalCurrency #Cryptocurrencies

The United Nations Conference on Trade and Development says the world economy will grow at its fastest pace in five decades this year. The roll-out of COVID-19 vaccines has allowed many countries to re-open during the pandemic, after last year's painful lockdowns to contain the spread of the coronavirus. But the UN agency warns the global economic recovery is far from even, and that emerging markets are expected to lose-out on much of the wealth created during the rebound.

#GlobalGrowth #UN #WealthGap #Pandemic

- China tightens control over Macau’s casino firms

- China retail sales disappoint in August

- Inditex Q2 sales top pre-pandemic levels

#Macau #ChinaStocks #Casino

#ChinaEconomy #RetailSales #IndustryOutput

#Inditex #Zara #H&M

The legal stand-off between Epic Games and Apple is heating up. The videogame developer has been ordered to pay $3.7 million to Apple for revenues generated through the iPhone maker's app store. Meanwhile, Apple has been ordered to let developers opt out of its marketplace. Epic Games is appealing the verdict. It wants the tech giant to let developers launch their own app stores on its platform. And as Mobin Nasir reports, other companies and governments are also looking to break into Apple's market share.

#Apple #EpicGames #AppStore

The Chinese government is setting up a team of accounting and legal experts to avert one of the country's biggest corporate debt defaults. China's second biggest property developer, Evergrande is neck-deep in debt and has been scrambling to raise funds to pay lenders and suppliers. News of its imminent collapse has led to protests outside its offices across the country as many fear losing their investments. Patrick Fok is in Shenzhen. He filed this report from outside Evergrande's headquarters where angry investors have been staging protests.

#Evergrande #ChinaPropertyMarket #Recklessborrowing

Democrats in the US House of Representatives have set the stage for what could be their biggest battle during President Joe Biden's administration. The ruling party is proposing to raise taxes on rich Americans and big corporations. That would roll-back part of the cuts that Donald Trump and the Republicans call one of their biggest achievements. Paolo Montecillo has the details. For more on this, we spoke to Joann Weiner in Washington. She's a tax policy expert and a professor of applied economics at George Washington University.

#USdemocrats #UStaxes #TaxTheRich

More than one billion dollars in aid has been pledged for Afghans as the United Nations warns their country is facing a looming humanitarian catastrophe. The plea for global support was made at a donors conference in Geneva, following the Taliban's takeover last month. Even before it seized control of the country, fighting had forced more than half a million people to flee their homes. Sarah Morice reports. For more on this, we spoke to Jens Laerke. He's the Deputy Spokesperson for the United Nations Office for the Co-ordination of Humanitarian Affairs.. and he joined us now from Geneva.

#Afghanistan #FinancialAid #Taliban

- UK delays full post-Brexit border checks with EU until 2022

- Grab cuts full-year forecasts as Q2 net loss widens to $815M

- Walmart, GlobeNewswire investigate fake crypto statement

#UKEconomy #Brexit #Trade

#Grab #RideHailing

#Walmart #Supermarket #Retailer #CryptoCurrency

Electric car makers have become the Chinese government's newest target in what's become a sweeping crackdown on the nation's most innovative sectors. Officials say there are too many companies competing for raw materials, talent and manufacturing capacity. Beijing says instead of trying to beat each other, companies need to focus on taking on rivals from overseas. Paolo Montecillo reports.

#China #ElectronicVehicles #TechCrackdown

- Turkey's current account deficit narrows to $683M

- Court rules Uber drivers are workers, not contractors

- Soho China shares plunge as Blackstone deal fails

#TurkeyEconomy #CurrentAccount

#Uber #LabourRights

#SohoChina #Blackstone