New tariffs loom over the holidays

The online retail event known as Singles' Day has seen record-breaking sales, worth over €47 billion, on sites owned by China's Alibaba. The spending spree comes as Alibaba and other Chinese tech firms face new regulations from Beijing, designed to prevent unfair competition in the sector. Also, we look at the legal challenge being mounted by TikTok in the United States against executive orders forcing a restructuring of its ownership. A deal agreed with Oracle and Walmart is still awaiting approval from the US government.

Sony bets on pandemic gaming boom to boost new Playstation sales. Sony's newest game console, the Playstation 5, goes on sale today in countries including the US, Canada, Australia and Japan. The Japanese company is hoping for record sales, as gaming revenues have climbed during the coronavirus pandemic.

Eager gamers pick-up their PlayStation 5 orders from stores in Sydney but due to Covid-19 all consoles were sold through pre-orders and most delivered directly to people's homes. As a result the usual queues and campouts associated with the last generation of consoles were missing.

The civil suit brought forward by the DOJ accuses Walmart of knowingly filling thousands of invalid prescriptions. The retailer says it is in a no-win situation and wants the suit thrown out.

The brewer Heineken is cutting 8,000 jobs around the world, around 10 percent of its current workforce. The Dutch company reported losses of €204 million for 2020, as Covid-19 restrictions shut down much of the hospitality sector over the past year. Also today, we look at President Joe Biden's efforts to win support from business leaders for his $1.9 trillion economic rescue plan. He hosted several top CEOs for a meeting in the White House on Tuesday, along with Treasury Secretary Janet Yellen.

The Rice Processors Association of Nigeria (RPAN) wants the government to empower law enforcement agencies to go to markets and shops to arrest anyone found with foreign rice. This is in a bid to discourage the smuggling of foreign rice into the country.

Dog meat trade is a booming business in Ghana and many people consider it a delicacy. The high consumption already affects the dog population in the Upper East Region. Attention: Some people may find parts of this video disturbing.

As Turkey begins a strict three-week lockdown, many people are particularly angry about a nationwide ban on alcohol sales. Dissidents say the measure has nothing to do with the pandemic and fear a long-term prohibition.

A study by the UNCTAD said online sales accounted for almost a fifth of turnover last year. One online retail giant in Africa, Berlin-based Jumia, stood out for a stellar first half of 2020.

A study by the UNCTAD said online sales accounted for almost a fifth of turnover last year. One online retail giant in Africa, Berlin-based Jumia, stood out for a stellar first half of 2020.

Ogun government stops sales of industrial gas, welding with gas

It looks like good news for Germany's economy, but some experts are cautioning against too much optimism. German breweries are also struggling to share the excitement.