World Business Report Wall Street Update: - a podcast by BBC World Service

It has been reported that Beijing wants to break up Alibaba's payments subsidiary Alipay. Isabel Hilton, founder of China Dialogue, explains why the government is concerned about the growth of financial services companies and how they may be stoking up so called shadow banking.

The oil industry in Louisiana is still recovering from the damage caused by Hurricane Ida and many fuel refineries are still out of action. Meanwhile China is considering releasing some of its national strategic oil reserves to help refiners and chemical companies cope with the surging price of crude. The BBC's Russell Padmore analyses these developments in conversation with energy analyst Ellen R Wald, the president of Transversal Consulting.

Theatres in New York's famous Broadway are reopening this week. We hear how the entertainment industry supports the regional economy.

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