Description
Added on the 01/10/2020 00:21:39 - Copyright : Google
A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock market does not reflect the real economy. Also in the show, we look at the latest chapter in the Twitter takeover saga. Shareholders have approved Elon Musk's purchase of the platform, even as he is trying to back out of it.
Expo 2020 Dubai has finally opened but whilst the UAE turns 50 and the nation unveils economic initiatives, the UK struggles to cope with HGV drivers and fuel shortages.
Ireland is the only EU economy to grow in 2020 - so how did the country do it? Stephen Carroll speaks to Patrick Torrekens, head of Enterprise Ireland in France - the government agency helping Irish companies expand abroad - about Brexit and the ongoing effects of the pandemic.
Tokyo's Nikkei closed above the 30,000 yen mark for the first time since 1990, despite Japan reporting its first annual GDP contraction since the 2009 financial crisis. The country's economy shrank 4.8 percent in 2020, although recovery in the second half of the year was better than expected. But first, Australia's Seven West Media has clinched a partnership deal with Google, just as the country's parliament is set to debate landmark laws that would force Google and Facebook to pay for news content that their platforms link to.
New car registrations fell by almost a quarter in the European Union in 2020, the biggest slump in demand on record. Figures from the European Automobile Manufacturers' Association show a 24% plunge in 2020, with bigger drops in Spain, Italy and France. Also today, we look at how retailers and shoppers are adjusting to the new curfew in France, which begins at 6pm. All shops must close at that time, which retail groups are warning will lead to a significant reduction in earnings.