ILEA000000662: Banking employees protest layoff scheme

Italy's major banks report record profits in 2023

STORY: Italy's major banks report record profits in 2023 SHOOTING TIME: Feb. 7, 2024 DATELINE: Feb. 8, 2024 LENGTH: 0:00:39 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: Italy's two major banks have reported record profits in 2023, signaling the recovery of the country's banking sector from recent difficulties. On Tuesday, Banca Intesa Sanpaolo, Italy's largest bank by total assets, reported a net profit of 7.7 billion euros (8.3 billion U.S. dollars) for 2023, a year-on-year increase of 76.4 percent. A day earlier, Unicredit revealed a record net profit of 8.6 billion euros for last year, 51 percent higher than in 2022. Both exceeded market expectations. The two banks rank among the world's 50 largest banks, according to Standard & Poor's ratings. Over the past three years, Italy's banking sector faced multiple challenges due to the financial impacts of the COVID-19 pandemic and the energy crisis stemming from the Ukraine crisis. Additionally, four months ago, the Italian p

Chinese market unlocks huge opportunities for global investors: African banking executive

STORY: Chinese market unlocks huge opportunities for global investors: African banking executive SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 17, 2024 LENGTH: 0:01:04 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of Kenya-related footage 2. SOUNDBITE 1 (English): JAMES AGIN, Managing principal of Corporate and Investment Banking Division at Absa Bank Kenya PLC 3. various of China-related footage 4. SOUNDBITE 2 (English): JAMES AGIN, Managing principal of Corporate and Investment Banking Division at Absa Bank Kenya PLC STORYLINE: A banking executive has said the Chinese market remains an attractive destination for global investors, including multinational financial institutions with a large footprint in Africa, given China's accelerated pace of reform and opening up. James Agin, managing principal of the Corporate and Investment Banking Division at Absa Bank Kenya PLC, said a vibrant Chinese economy has unlocked opportunities for global investors, including banks. SOUNDBITE 1 (English): JAM

Indian gov't extends duties remission scheme to support exporters

STORY: Indian gov't extends duties remission scheme to support exporters DATELINE: Sept. 29, 2023 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wholesale market area 3. various of export containers STORYLINE: The Indian government on Tuesday extended support under the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till June 30 next year at the same rates as the existing export items, according to a statement of the Ministry of Commerce and Industry. "This will help our exporting community to negotiate export contracts in the present international environment on better terms," added the statement. The scheme, which is World Trade Organisation (WTO) compatible, was introduced by the federal government as a duty remission scheme on exports and was implemented with effect from Jan. 1, 2021. It was earlier notified till the end of this month. It provides a mechanism for reimbursement of taxes, duties and levies, which are curre

Kuwait holds international auto show

STORY: Kuwait holds international auto show DATELINE: Sept. 27, 2023 LENGTH: 00:01:36 LOCATION: Kuwait City CATEGORY: ECONOMY SHOTLIST: 1. various of the auto show STORYLINE: An exhibition named Auto World Show kicked off on Tuesday in Hawalli Governorate, Kuwait, with the participation of more than 200 cars from 28 car brands, and 18 companies specialized in car services, as well as five banks and 3 insurance companies. The exhibition is considered one of the largest car exhibitions in Kuwait and will last until Oct. 1. Xinhua News Agency correspondents reporting from Kuwait City. (XHTV)

Türkiye's economic shift fuels optimism but challenges persist: expert

STORY: Türkiye's economic shift fuels optimism but challenges persist: expert DATELINE: Sept. 26, 2023 LENGTH: 00:04:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish lira and the U.S. dollar 3. various of people shopping in Türkiye 4. various of shipping trade in Türkiye 5. various of people shopping in Türkiye 6. various of shipping trade in Türkiye 7. SOUNDBITE (Turkish): CAN SELCUKI, Director of Türkiye Raporu STORYLINE: Turkish Finance and Treasury Minister Mehmet Simsek revealed on Sept. 19 that Türkiye obtained some 10.4 billion U.S. dollars in external financing since the country embraced new policies in June. The amount includes 6.7 billion dollars from the banking sector, 367 million from the non-banking financial sector and 3.26 billion from the real sector, according to the report. After the new economic management put in place in June decided to aggressively hike interest rates from 8.5 to 30 percent to curb inflation an

China-U.S. co-founded robotic surgery training center inaugurated

STORY: China-U.S. co-founded robotic surgery training center inaugurated DATELINE: Sept. 20, 2023 LENGTH: 00:01:24 LOCATION: GUANGZHOU, China CATEGORY: HEALTH SHOTLIST: 1. various of the training center 2. SOUNDBITE (English): AHAREH M. NEJAD, Director of Robotic Surgery, UC Davis STORYLINE: The International Robotic Surgery Training Center, jointly established by Chinese and U.S. institutions, was inaugurated in Guangzhou, capital city of south China's Guangdong Province, on Tuesday. The center was jointly established by the First Affiliated Hospital of Sun Yat-sen University in Guangzhou and UC Berkeley. It will provide training on robotic surgeries to trainees from China, the United States and other Asia-Pacific countries. The center, covering an area of 1,200 square meters in the Nansha Division of the First Affiliated Hospital of Sun Yat-sen University, is equipped with two sets of the state-of-the-art fourth-generation da Vinci Xi surgical robotic system, other devices needed in surgeries, as well

UN chief calls for effective multilateral institutions to tackle global challenges

STORY: UN chief calls for effective multilateral institutions to tackle global challenges DATELINE: Sept. 20, 2023 LENGTH: 00:08:41 LOCATION: UN Headquarters CATEGORY: POLITICS SHOTLIST: 1. various of UN Headquarters 2. various of UNGA Hall 3. SOUNDBITE 1 (English): ANTONIO GUTERRES, UN Secretary-General 4. various of delegates 5. SOUNDBITE 2 (English): ANTONIO GUTERRES, UN Secretary-General 6. various of delegates 7. SOUNDBITE 3 (English): ANTONIO GUTERRES, UN Secretary-General 8. various of delegates 9. SOUNDBITE 4 (English): ANTONIO GUTERRES, UN Secretary-General 10. various of delegates 11. SOUNDBITE 5 (English): ANTONIO GUTERRES, UN Secretary-General STORYLINE: UN Secretary-General Antonio Guterres on Tuesday called for effective multilateral institutions to tackle global challenges. SOUNDBITE 1 (English): ANTONIO GUTERRES, UN Secretary-General "The world has changed. Our institutions have not. We cannot effectively address problems as they are if institutions do not reflect the world as it is. Inste

China-ASEAN Expo injecting impetus into regional economy

STORY: China-ASEAN Expo injecting impetus into regional economy DATELINE: Sept. 19, 2023 LENGTH: 00:01:59 LOCATION: NANNING, China CATEGORY: ECONOMY SHOTLIST: 1. various of the 20th China-ASEAN Expo 2. SOUNDBITE 1 (Chinese): ZHU SHENGHUI, Importer of Vietnam Trung Nguyen Coffee 3. SOUNDBITE 2 (Chinese): WANG ZHENGBO, CEO, Guangxi TWT Supply Chain Management Co., Ltd. 4. SOUNDBITE 3 (Chinese): LI YAN, Chief representative of Beijing Representative Office, Petroliam Nasional Berhad STORYLINE: The 20th China-ASEAN Expo concluded on Tuesday in Nanning, south China's Guangxi Zhuang Autonomous Region. Nearly 2,000 enterprises had participated in the four-day expo, aiming to tap into the huge market of more than two billion people of China and ASEAN countries. SOUNDBITE 1 (Chinese): ZHU SHENGHUI, Importer of Vietnam Trung Nguyen Coffee "Every year at the China-ASEAN Expo, many businessmen come over to us for cooperation. We have benefited a lot from the China-ASEAN Expo over the years." According to China's Mi

UAW announces start of strike at Big Three U.S. automakers

STORY: UAW announces start of strike at Big Three U.S. automakers DATELINE: Sept. 17, 2023 LENGTH: 00:02:02 LOCATION: CHICAGO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of the strike STORYLINE: Wearing red T-shirts, hundreds of United Auto Workers (UAW), the largest union in the United States, and their supporters gathered outside General Motors (GM) Co.'s headquarters in downtown Detroit, U.S. state of Michigan Friday afternoon after the union announced late Thursday to begin a strike against all Big Three U.S. automakers. UAW President Shawn Fain, Michigan Governor Gretchen Whitmer and Vermont Senator Bernie Sanders attended the rally. In the last 50 years, there has been a massive redistribution of wealth in this country, the Detroit News quoted Sanders as saying in his speech to the crowd, highlighting the rising salaries of the CEOs of the Big Three automakers. "It is time for you to treat your employees with the respect and dignity they deserve," Sanders said. While Democratic lawm

Türkiye's rescue teams start mission in Libya, new aid supplies shipped out

STORY: Türkiye's rescue teams start mission in Libya, new aid supplies shipped out DATELINE: Sept 16, 2023 LENGTH: 00:1:03 LOCATION: ISTANBUL, Türkiye CATEGORY: OTHERS SHOTLIST: 1. various of Turkish search and rescue and medical teams starting to work in the flooded region of Libya (courtesy of Ihlas news agency) 2. various of Military ships carrying aid supplies from Türkiye to Libya (courtesy of Ihlas news agency) STORYLINE: Rescue teams sent by Türkiye have joined Libya in its search and rescue efforts while new aid supplies have been shipped out from the Turkish western port city of Izmir, Türkiye's local media reported Friday. "Türkiye's helping hand has reached Libya," the Disaster and Emergency Management Authority (AFAD) said in a post on social media platform X, formerly known as Twitter. "We stand by our Libyan brothers and sisters in the disaster zone where one of the biggest floods of history occurred," read the post. In addition to the three relief planes that departed on Tuesday, three mi

Banking employees protest layoff scheme

Employees of South Korean banks and other financial institutions call for withdrawal of management-proposed layoff scheme in a rally held in Seoul on Tuesday Sept. 29.

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