Retail records…Chinese online giant Alibaba is set to smash last year’s Singles’ Day sales, already earning $23bn within the first nine hours of the event. We have the latest from Hangzhou. In energy news, Saudi Aramco has announced that it will sell 0.5 per cent of its shares to retail investors in its IPO but refuses to give a figure for the size of the eagerly anticipated listing, potentially the world’s largest. We hear more on the prospectus from the ADIPEC conference in Abu Dhabi. And we are also live in Madrid where there is no end in sight to the political deadlock after Spain’s fourth election in as many years.

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