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Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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EU agrees to use frozen Russian assets for Ukraine's defense

STORY: EU agrees to use frozen Russian assets for Ukraine's defense SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:01:41 LOCATION: Brussels CATEGORY: POLITICS SHOTLIST: 1. various of the European Commission Berlaymont building 2. various of the Europa and Justus Lipsius building STORYLINE: The Council of the European Union (EU) announced on Tuesday that ministers from EU member states have agreed to use proceeds from frozen assets of the Central Bank of Russia (CBR) to support Ukraine's military efforts. Under the agreement, 90 percent of the profits from these assets will be allocated to the European Peace Facility, an EU-run fund providing military aid for Ukraine. The remaining 10 percent will bolster Ukraine's defense industry capacities and reconstruction needs. "Up to 3 billion euros (3.26 billion U.S. dollars) this year alone, 90 percent goes for Ukraine's military," Czech Foreign Minister Jan Lipavsky stated on social media platform X. According to data from the Council,

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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China Express Delivery Business

ENSHI, CHINA - MARCH 1, 2024 - Staff members are sorting express deliveries at the investment department of Hanghang Road in Enshi, Central China's Hubei province, March 1, 2024. In 2023, China's express delivery business volume and business revenue completed 132.07 billion and 1.2 trillion yuan, respectively, an increase of 19.4% and 14.3%, and the annual per capita express delivery volume exceeded 90.

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Iraq exports over 103 mln barrels of crude oil in Jan.

STORY: Iraq exports over 103 mln barrels of crude oil in Jan. SHOOTING DATE: Earlier footage DATELINE: Feb. 3, 2024 LENGTH: 00:01:08 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of crude oil factory STORYLINE: Iraq exported 103.5 million barrels of crude oil in January, generating 8.025 billion U.S. dollars in revenue, the country's Oil Ministry announced on Friday. The average price of Iraqi crude oil in January was 77.53 dollars per barrel, the ministry said in a statement, citing preliminary statistics from the State Organization for Marketing of Oil, an Iraqi company. About 102 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, and about one million barrels from the Qayyara oilfield in the northern province of Nineveh while, in addition, 464,306 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's reve

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Airbus launches its first global aircraft recycling project in southwest China

STORY: Airbus launches its first global aircraft recycling project in southwest China SHOOTING TIME: Jan. 25, 2024 DATELINE: Jan. 26, 2024 LENGTH: 00:01:04 LOCATION: CHENGDU, China CATEGORY: ECONOMY SHOTLIST: 1. various of the ceremony 2. various of the ALSC 3. SOUNDBITE (English): PHILLIPPE MHUN, Executive Vice President of Programs and Services, Airbus STORYLINE: Airbus unveiled its first global aircraft recycling project, named Airbus Lifecycle Services Centre (ALSC), in Chengdu, a major aviation hub in southwest China, on Wednesday. Spanning over 60 hectares, ALSC is capable of handling a wide array of mainstream aircraft types and providing global distribution channels for the resale of reusable parts from retired aircraft. Built with a total investment of 6 billion yuan (about 844.55 million U.S. dollars), the project aims to improve the recycling rate of aircraft components and materials, thereby achieving over 90 percent eco-friendly recycling of aircraft by weight. "The opening of ALSC will bec

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Iraq exports over 109 mln barrels of crude oil in Nov.

STORY: Iraq exports over 109 mln barrels of crude oil in Nov. SHOOTING TIME: Dec. 2, 2023 DATELINE: Dec. 3, 2023 LENGTH: 00:01:17 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported 109.54 million barrels of crude oil in November, generating 9.59 billion U.S. dollars in revenue, the country's Oil Ministry announced on Friday. The average price of Iraqi crude oil in November was 87.57 U.S. dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. About 108.05 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 1.03 million barrels from the Qayyara oilfield in the northern province of Nineveh, and 464,728 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues. Xinhua News Agency corr

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Iraq exports over 109 mln barrels of crude oil in Oct.

STORY: Iraq exports over 109 mln barrels of crude oil in Oct. SHOOTING TIME: Nov. 1, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:01:09 LOCATION: Bagdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported 109.54 million barrels of crude oil in October, generating 9.66 billion U.S. dollars in revenue, the country's Oil Ministry announced on Wednesday. The average price of Iraqi crude oil in October was 88.26 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. About 108.05 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 1.03 million barrels from the Qayyara oilfield in the northern province of Nineveh, and 464,728 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues. Xinhua News Agency correspondents rep

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Iraq exports over 103 mln barrels of crude oil in Sept

STORY: Iraq exports over 103 mln barrels of crude oil in Sept. DATELINE: Oct. 2, 2023 LENGTH: 00:01:09 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported 103.14 million barrels of crude oil in September, generating 9.49 billion U.S. dollars in revenue, the country's Oil Ministry announced on Sunday. The average price of Iraqi crude oil in September was 92.05 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. About 102.22 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 473,335 barrels from the Qayyara oilfield in the northern province of Nineveh, and 449,423 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues. Xinhua News Agency correspondents reporting from Baghdad. (XHTV)

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Iraq exports over 106 mln barrels of crude oil in August

STORY: Iraq exports over 106 mln barrels of crude oil in August DATELINE: Sept. 2, 2023 LENGTH: 00:01:09 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various shots of Iraqi oil fields STORYLINE: Iraq exported about 106.12 million barrels of crude oil in August, generating 8.85 billion U.S. dollars in revenue, announced the country's Oil Ministry on Friday. The average price of Iraqi crude oil in August was 83.35 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. About 105.23 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 421,186 barrels from the Qayyara oilfield in the northern province of Nineveh, and 464,725 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues. Xinhua News Agency correspondents reporting from Baghdad. (

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Exploring fish breeding farms in N China's Tianjin

STORY: Exploring fish breeding farms in N China's Tianjin DATELINE: May 7, 2023 LENGTH: 00:00:57 LOCATION: TIANJIN, China CATEGORY: TECHNOLOGY SHOTLIST: 1. various of the aquaculture industry STORYLINE: Fish farms in an industrial park in the Binhai New Area of Tianjin Municipality are busy in breeding fish and shrimps to facilitate the high-quality development of local aquaculture industry. With a breeding area of 1.2 million square meters and an annual breeding capacity of around 18.6 billion, the modern agricultural industrial park is home to more than 90 aquaculture enterprises. Xinhua News Agency correspondents reporting from Tianjin, China. (XHTV)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- A staff member tests water quality at a laboratory of Tianjin Leadar Marine Resources Development Co., Ltd in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- A staff member dissects a grouper fry at a laboratory of Tianjin Leadar Marine Resources Development Co., Ltd in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- A staff member checks water quality of the hatchery at Tianjin Leadar Marine Resources Development Co., Ltd in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- A staff member checks grouper fry at Tianjin Leadar Marine Resources Development Co., Ltd in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- A staff member monitors hatcheries at an aquacultural company in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- Prawn fry are seen at a hatchery of Tianjin Leadar Marine Resources Development Co., Ltd in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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CHINA-TIANJIN-AQUACULTURAL INDUSTRY (CN)

(230316) -- TIANJIN, March 16, 2023 (Xinhua) -- Staff members check the temperature of the hatchery at an aquacultural company in the Binhai New Area modern agriculture industrial park in north China's Tianjin, on March 16, 2023. The industrial park has more than 90 industrial aquacultural enterprises, with an annual breeding of about 18.6 billion fish fry. (Xinhua/Zhao Zishuo)

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Dust storm hits SE Mongolian province

STORY: Dust storm hits SE Mongolian province DATELINE: Jan. 28, 2023 LENGTH: 0:01:05 LOCATION: Ulan Bator CATEGORY: ENVIRONMENT SHOTLIST: 1. various of dust storm in Mongolia STORYLINE: A dust storm hit the southeastern Mongolian province of Dornogovi on Friday, causing low visibility on roads. The unstable weather is expected to prevail during the weekend, the provincial weather monitoring agency said in a statement. Dornogovi, located in the Gobi Desert region of southern Mongolia, is one of the provinces most affected by desertification. Around 90 percent of the province's total territory had been somehow affected by desertification and land degradation, according to the provincial governor's office. In 2021, Mongolia launched a national campaign initiated by President Ukhnaa Khurelsukh to plant a billion trees by 2030 to combat climate change and desertification, in which Dornogovi set a target of planting at least 20 million trees. Xinhua News Agency correspondents reporting from Ulan Bator.

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TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TOKYO, Japan - Jun Muto, president of oil wholesaler TonenGeneral Sekiyu K.K., announces at a news conference in Tokyo on Dec. 18, 2013, that the company will acquire a stake of nearly 90 percent in Mitsui Oil Co. for 24.9 billion yen from the trader on Feb. 4. The acquisition would allow the TonenGeneral group to rival Cosmo Oil Co. as Japan's third-largest oil wholesaler in terms of sales following JX Holdings Inc. and Idemitsu Kosan Co.

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China papers report ex-security chief's alleged graft

BEIJING, China - Sensational headlines on the front pages of many Chinese newspapers on July 30, 2014, report the Communist Party of China Central Committee's decision to build a case against former security chief Zhou Yongkang for alleged graft. A Hong Kong television station later reported some 90 billion yuan (14.6 billion U.S. dollars) worth of assets had been forfeited by Zhou and his relatives.

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Sony executive vice president Hirai

TOKYO, Japan - Sony Corp. Executive Deputy President Kazuo Hirai speaks at a press conference in Tokyo on Nov. 2, 2011. Sony Corp. announced that it expects to log a group net loss of 90 billion yen in fiscal 2011 for the fourth straight year of red ink due to a strong yen and sluggish performance in its mainstay television business.

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Mitsui Fudosan negotiating to buy 33% stake in Imperial Hotel

TOKYO, Japan - Real estate developer Mitsui Fudosan Co. is in the final phase of talks to acquire a stake of about 33 percent in Imperial Hotel Ltd., the operator of Imperial Hotel (photo), one of Tokyo's long-established luxury hotels, for about 90 billion yen, informed sources said Sept. 21.

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Matsushita to build world's largest plasma display panel plant

OSAKA, Japan - Fumio Otsubo, senior managing director of Matsushita Electric Industrial Co., briefs reporters in Osaka on May 18 about the company's plan to build the world's largest plasma display panel factory in Amagasaki, Hyogo Prefecture. Matsushita plans to spend 90 billion yen to build the factory, whose construction will begin in September.

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Sony cuts earnings forecast

TOKYO, Japan - Sony Corp. Chairman and CEO Nobuyuki Idei announces a downward revision of group earnings forecast for the fiscal year through next March 31 at a news conference in Tokyo on Sept. 28. The leading consumer electronics maker said it now expects a net profit of 10 billion yen, down from a projection in July of a 90 billion yen profit.

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Japan's longest toll-free bridge opens in Yamaguchi Pref.

YAMAGUCHI, Japan - Japan's longest toll-free bridge, linking the island of Tsunoshima in Yamaguchi Prefecture with Honshu, opens to traffic Nov. 3 after seven years in construction. The bridge, built at a cost of 14.9 billion yen, spans 1.78 kilometers, 90 meters longer than Okinawa's Kuruma bridge, the longest toll-free road bridge in Japan until now. Tsunoshima, population 996, is a small, 4.1-square-km island off Hohoku, a fishing town in western Yamaguchi.

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Saudi Arabia announces establishment of 5 investment firms on 2nd day of Future Investment Initiative conference

STORY: Saudi Arabia announces establishment of 5 investment firms on 2nd day of Future Investment Initiative conference DATELINE: Oct. 27, 2022 LENGTH: 00:02:04 LOCATION: Riyadh CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the 6th edition of the Future Investment Initiative (FII) conference in Riyadh STORYLINE: Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies to invest in Bahrain, Iraq, Jordan, Oman and Sudan, according to a PIF press release published on Wednesday. The five companies, together with the Saudi Egyptian Investment Company established in August, aim to invest up to 90 billion Saudi Riyals (24 billion U.S. dollars) in various key sectors including infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, telecoms, and technology. The announcement, made by Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, comes on the second day of the sixth edition of the Future Investm

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Iraq exports 102 mln barrels of crude oil in May

STORY: Iraq exports 102 mln barrels of crude oil in May DATELINE: June 2, 2022 LENGTH: 00:01:14 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported about 102 million barrels of crude oil in May, bringing in revenues of 11.43 billion U.S. dollars, the Iraqi oil ministry said Wednesday. The average selling price for crude oil in May was 111.79 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil. A total of 98.94 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, and about 3 million barrels from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean, the statement said. Oil prices have risen in global markets since the outbreak of the Russian-Ukrainian crisis, benefiting Iraq and other oil export countries. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of t

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Africa faces rising food prices amid Russia-Ukraine conflict

STORY: Africa faces rising food prices amid Russia-Ukraine conflict DATELINE: March 29, 2022 LENGTH: 00:02:10 LOCATION: Nairobi CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. STANDUP(English): LIU CHANG, Xinhua correspondent STORYLINE: STANDUP (English): LIU CHANG, Xinhua correspondent "According to the UN Food and Agricultural Organization, Russia and Ukraine are major global food producers and exporters. Experts are predicting an inflation and food price spike will hit Africa this year, as agricultural imports and supply chains in the region are blocked, and fertiliser and commodity prices soar. Wheat imports account for roughly half of Africa's 4.5 billion (U.S. dollars) trade with Ukraine, and for about 90% of the continent's 4 billion (U.S. dollars) trade with Russia, according to figures from the African Development Bank. Over 65% of Senegal's wheat imports come from Russia and Ukraine, and a number of bakers and consumers in Dakar said they are bracing for supply shortages and increased costs in the mont

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JDI President Kikuoka at a press conference

Japan Display Inc. (JDI) has finalized a new fundraising framework totaling over 100 billion yen. In addition to raising 80-90 billion yen from Ichigo Asset Group, an independent investment fund, JDI will also sell some of its facilities at its Hakusan plant (Hakusan, Ishikawa Prefecture) to Apple Inc. On April 12, JDI announced that it had reached a basic agreement with Ichigo Trust to raise up to 90 billion yen from Ichigo. Minoru Kikuoka, president of JDI, explained the purpose of the framework at a press conference on January 12, saying, "We will sell assets in order to enhance our capital and at the same time minimize the impact on existing shareholders through dilution. He explained the purpose of the framework. Wistron, a major Taiwanese electronics manufacturing service (EMS) company, also intends to invest 50 million dollars (about 5.4 billion yen) in JDI. December 12, 2019, Tokyo, Japan; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

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VTT, a simulated organ for surgical training by Kotobuki Giken

Kotobuki Giken has launched a new company to develop and sell simulated organs for surgical training using konjac. The company raised about 90 million yen through stock investment-type crowdfunding. The company will sell the products to medical equipment manufacturers as well as universities and hospitals. The company also has its sights set on overseas markets. The new company, KOTOBUKI Medical, was established with experts in venture management and medical equipment sales, and is headed by President Takayama. The company will be based in Kotobuki Giken. The new company will handle everything from the purchase of raw materials to processing and sales. The new company aims to achieve sales of 10 million yen in the fiscal year ending September 30, 2019, and to build a plant in 2008. President Takayama is enthusiastic, saying, "We want to make this a 3 billion yen business by 2016. (Photo taken on June 13, 2019, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images)

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Mitsui Fudosan negotiating to buy 33% stake in Imperial Hotel

TOKYO, Japan - Real estate developer Mitsui Fudosan Co. is in the final phase of talks to acquire a stake of about 33 percent in Imperial Hotel Ltd., the operator of Imperial Hotel (photo), one of Tokyo's long-established luxury hotels, for about 90 billion yen, informed sources said Sept. 21. (Kyodo)

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Sony executive vice president Hirai

TOKYO, Japan - Sony Corp. Executive Deputy President Kazuo Hirai speaks at a press conference in Tokyo on Nov. 2, 2011. Sony Corp. announced that it expects to log a group net loss of 90 billion yen in fiscal 2011 for the fourth straight year of red ink due to a strong yen and sluggish performance in its mainstay television business. (Kyodo)

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Japan Display to receive capital injection

Japan Display Inc. CEO Minoru Kikuoka attends a press conference in Tokyo on Dec. 12, 2019, at which he announced the company agreed with private fund Ichigo Asset Management Ltd. to receive a capital injection of up to 90 billion yen ($830 million). (Kyodo) ==Kyodo

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Japan Display to receive capital injection from private fund

Japan Display Inc. CEO Minoru Kikuoka speaks at a press conference in Tokyo on Dec. 12, 2019, announcing it agreed with private fund Ichigo Asset Management Ltd. to receive a capital injection of up to 90 billion yen to help shore up its ailing finances. (Kyodo) ==Kyodo

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Japan Display to receive capital injection from private fund

Japan Display Inc. CEO Minoru Kikuoka speaks at a press conference in Tokyo on Dec. 12, 2019, announcing it agreed with private fund Ichigo Asset Management Ltd. to receive a capital injection of up to 90 billion yen to help shore up its ailing finances. (Kyodo) ==Kyodo

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Japan Display to receive capital injection from private fund

Japan Display Inc. CEO Minoru Kikuoka speaks at a press conference in Tokyo on Dec. 12, 2019, announcing it agreed with private fund Ichigo Asset Management Ltd. to receive a capital injection of up to 90 billion yen to help shore up its ailing finances. (Kyodo) ==Kyodo