Lawmakers wade into Banks, Telecom. operators' feud

Several major banks are set to lose billions of dollars over links to the hedge fund Archegos, after financial troubles at the firm sparked a massive sell-off of shares. Nomura and Credit Suisse have said they will suffer significant losses, which caused their share prices to plunge on Wall Street on Monday. Archegos was backed by former star trader Bill Hwang. Also today, we look at how the wine industry in Argentina has seen rising sales during the pandemic.

Lebanon has long been a financial capital in the region. But neighboring nations say billions are stuck in the country's failing financial system.

Police are investigating the circumstances surrounding the reported appearance of more than 1,000 corpses washed up on riverbanks. State officials have refuted suggestions it is related to the coronavirus pandemic.

European banking authorities conducted the semi-annual exercise to determine whether banks have enough capital to withstand economic shock. Importantly, the results mean banks can likely resume dividend payouts.

Afghans are struggling to get cash with banks still closed following the Taliban's takeover of the country. "I've been coming to the bank for four days now but I can't get my own money," says one resident.

Almost three months after the Taliban swept to power in Afghanistan, the country's economy is imploding. Many NGOs and foreign companies have left, leaving thousands of Afghans suddenly unemployed. Some $9.5 billion of assets have been frozen abroad and banks are running out of money. The value of the local currency is plummeting and food prices have soared. This dire situation is pushing thousands of Afghans to flee the country. FRANCE 24's Catherine Norris-Trent and Roméo Langlois report.

Thursday is Thanksgiving in the US, but as the world's biggest economy grapples with supply chain challenges and increasing food prices, many people are in need of help this holiday season.

The YouTube Africa Day Concert 2022 seeks to bring Africans, the Diaspora, and people from across the world together to celebrate a continent that is home to more than 1.5 billion people and find new ways of artistic expression. This year’s concert features artists from Nigeria, Sierra Leone, Tanzania, South Africa, and Congo.

Investing money into cattle is a growing business in Zimbabwe, where inflation is skyrocketing. Many people now consider it safer than putting money in the bank.

In Lebanon, most depositors have been locked out of their savings since a financial crisis took hold three years ago. Now some of those customers are taking matters into their own hands by holding up bank branches.

With Russia in retreat on the battlefield, Russian President Vladimir Putin raised the stakes on Wednesday with the announcement that Russian reservists would be mobilised and referendums held in areas of Ukraine on joining Russia, all while he made threats to the West.