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Turkish central bank raises policy interest rate to 35 pct

STORY: Turkish central bank raises policy interest rate to 35 pct DATELINE: Oct. 27, 2023 LENGTH: 00:01:05 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of Turkish lira 3. various of stores STORYLINE: Türkiye's central bank increased its policy interest rate by 500 basis points from 30 percent to 35 percent on Thursday. The central bank's monetary policy committee said in a statement that it decided to continue the monetary tightening process in order to establish the disinflation course as soon as possible, anchor inflation expectations, and control the deterioration in pricing behavior. In the third quarter, inflation readings were above expectations, said the statement. "The strong course of domestic demand, the stickiness of services inflation, and the deterioration in inflation expectations continue to put upward pressure on inflation," it added. In addition, geopolitical developments have posed risks to the inflation outlook, said the ba

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(1)Seven-Eleven Japan opens 1st outlet in China

BEIJING, China - Local people look at advertising flyers in front of the Beijing outlet of Seven-Eleven Japan Co. on April 15 as Japan' convenience store chain operator opened its first Chinese store. Seven-Eleven Japan plans to open 500 stores in China within five years.

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Shipments of square water watermelons begin in Zentsuji

ZENTSUJI, Japan - Farmers decorate square watermelons with ribbons before shipping them from an agricultural cooperative in Zentsuji, Kagawa Prefecture, western Japan, on June 17. The 18-centimeter-square watermelons are priced at 10,000 yen each. Some 450 to 500 watermelons will be shipped to department stores and other places in Tokyo and Osaka -- for display rather than for eating. About 50 of them will be shipped to Canada. The square watermelons were devised to save space in refrigerators.

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China's Urumqi resuming public transport, essential businesses as epidemic wanes

STORY: China's Urumqi resuming public transport, essential businesses as epidemic wanes DATELINE: Nov. 30, 2022 LENGTH: 00:00:46 LOCATION: URUMQI, China CATEGORY: SOCIETY SHOTLIST: 1. various of streets in Urumqi 2. SOUNDBITE 1 (Chinese): EZIZ OMER SEYITI, Bakery owner in Urumqi 3. SOUNDBITE 2 (Chinese): XU YOUZHANG, Fresh produce store manager in Urumqi 4. various of streets in Urumqi 5. various of the airport in Urumqi STORYLINE: Urumqi, the capital of China's Xinjiang Uygur Autonomous Region, has begun to restore public transport and operations of essential businesses starting Monday. SOUNDBITE 1 (Chinese): EZIZ OMER SEYITI, Bakery owner in Urumqi "(How much dough did you knead?) Five bags. We can make 100 pieces of naan bread with one bag of dough, and 400 to 500 for each day. (Could all of them be sold out?) Yes, sure." SOUNDBITE 2 (Chinese): XU YOUZHANG, Fresh produce store manager in Urumqi "Our company has been distributing products to the stores from the main warehouse. And our staff members hav

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Shops, restaurants reopening in Shanghai as COVID-19 under control

STORY: Shops, restaurants reopening in Shanghai as COVID-19 under control DATELINE: May 27, 2022 LENGTH: 00:01:05 LOCATION: SHANGHAI, China CATEGORY: SOCIETY SHOTLIST: 1. various of local residents scan the QR code 2. various of supermarket 3. SOUNDBITE (Chinese): XU YAN, Manager of RT-MART Huacao Store 4. various of the hotpot restaurant preparing for deliveries 5. SOUNDBITE (Chinese): ZHENG XUE, Employee of Haidilao Shanghai STORYLINE: Shops and restaurants are gradually reopening in China's economic hub Shanghai as the recent COVID-19 resurgence is under control. Shanghai's market regulators said on Wednesday that more than 500 food manufacturing companies have resumed production disrupted by the COVID-19 resurgence. Supermarkets, shopping malls and convenience stores are also restarting the offline business. SOUNDBITE (Chinese): XU YAN, Manager of RT-MART Huacao Store "The weather is getting hot. It's inconvenient for our customers to carry packages of goods back home. So, we arrange shuttle buses t

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Turkey's inflation likely to continue as prices bite consumers: analysts

STORY: Turkey's inflation likely to continue as prices bite consumers: analysts DATELINE: March 8, 2022 LENGTH: 00:02:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: various of cities in Turkeyvarious of liravarious of markets, streets, stores and restaurants STORYLINE: Turkey's high inflation rate has yet to fade, even after the government introduced measures to combat price hikes, and high inflation is expected to continue due to a global rise in energy prices and complicated geographical situations, analysts have said. Inflation in Turkey has increased from 48.7 percent in January to 54.44 percent in February, hitting a 20-year high. High inflation has dealt another blow for the Turkish lira, which has lost about 60 percent of its value since the beginning of 2021. Despite inflation is running at a fast pace, Turkey's central bank has cut interest rates by 500 basis points to 14 percent, following Turkish President Recep Tayyip Erdogan's economic policy of lowering borrowing costs. In February, the T

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Don Quijote to have 500 stores by 2020

Don Quijote Holdings Co. President Koji Ohara announces plans in Tokyo on Aug. 16, 2017, to increase the number of Don Quijote discount stores to 500 by 2020 from about 370 at present. (Kyodo) ==Kyodo

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Shipments of square water watermelons begin in Zentsuji

ZENTSUJI, Japan - Farmers decorate square watermelons with ribbons before shipping them from an agricultural cooperative in Zentsuji, Kagawa Prefecture, western Japan, on June 17. The 18-centimeter-square watermelons are priced at 10,000 yen each. Some 450 to 500 watermelons will be shipped to department stores and other places in Tokyo and Osaka -- for display rather than for eating. About 50 of them will be shipped to Canada. The square watermelons were devised to save space in refrigerators.