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Türkiye aims for 800 mln tourists in next 10 years: industry insider

STORY: Türkiye aims for 800 mln tourists in next 10 years: industry insider SHOOTING DATE: Dec. 27, 2023 DATELINE: Dec. 28, 2023 LENGTH: 00:00:58 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of tourists in Türkiye STORYLINE: Industry expert estimates that Türkiye could attract up to 800 million tourists over the next ten years by boosting capacity and diversifying its offerings, according to the state-run Anadolu agency Wednesday. Oya Narin, president of the Turkish Tourism Investors Association, said achieving this ambitious goal would require upgrading and diversifying current capacity by creating different tourism areas. Türkiye already offers a variety of tourism options, including beach, health, and cultural tourism. Sector insiders have been working to expand the range, such as by promoting senior and culinary tourism, Narin added. Narin also said the industry expected tourism to account for 7.5 percent of the gross national product by 2028, up from the current 5.5 percent, a

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Mongolia's number of livestock down by over 9 pct in 2023

STORY: Mongolia's number of livestock down by over 9 pct in 2023 SHOOTING DATE: Dec. 10, 2023 DATELINE: Dec. 27, 2023 LENGTH: 00:01:00 LOCATION: Ulan Bator CATEGORY: ECONOMY SHOTLIST: 1. various of livestock in Mongolia STORYLINE: The number of livestock in Mongolia reached 64.7 million at the end of 2023, down by 9.1 percent from the previous year, the country's National Statistics Office (NSO) said Wednesday. Severe weather conditions with frequent snow and dust storms in the spring greatly contributed to the decrease in the number of livestock, said the NSO after an annual census of livestock across the country. The preliminary results of the nationwide census showed that sheep accounted for 45.5 percent of all livestock, goats for 38.0 percent, cattle for 8.3 percent, horses for 7.5 percent, and camels for 0.7 percent, according to the NSO. Among the Asian country's 21 provinces, the northernmost province Khuvsgul has the largest number of livestock with 5.7 million, followed by the central province

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Afghanistan to build 285 health centers nationwide

STORY: Afghanistan to build 285 health centers nationwide SHOOTING TIME: Nov. 26, 2023 DATELINE: Nov. 27, 2023 LENGTH: 00:01:23 LOCATION: Kabul CATEGORY: HEALTH SHOTLIST: 1. various of the rural area and a health center in north Afghanistan's Sari Pul Province STORYLINE: Afghan authorities will build at least 285 health centers in several provinces of Afghanistan, local TOLOnews TV channel on Saturday quoted the country's top health official as saying. Qalandar Ibad, acting minister of public health, said the ministry is urging trained and professional doctors abroad to come back to their homeland amid a shortage of medics, the media outlet reported. The official also noted that 45,000 medical beds are needed to treat patients across the country, when the number of medical beds is less than 30 percent of the expected quantity. According to a plan released by the United Nations Office for the Coordination of Humanitarian Affairs, 14 million people in Afghanistan, including 7.5 million children a

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Commercial Houses Construction in Yichang

Commercial Houses Construction in Yichang

Commercial houses under construction in Yichang, Hubei Province, China, October 18, 2023. On the same day, according to the National Bureau of Statistics, from January to September 2023, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year. From January to September, the investment in real estate development nationwide was 8,726.9 billion yuan, down 9.1 percent year on year.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Property Construction in Hangzhou

Property Construction in Hangzhou

HANGZHOU, CHINA - OCTOBER 18, 2023 - Photo taken on Oct 18, 2023 shows a property under construction in Hangzhou, East China's Zhejiang province. On the same day, data released by the National Bureau of Statistics showed that from January to September 2023, the newly started housing area was 721.23 million square meters, down 23.4%. Among them, the newly started residential area of 525.12 million square meters, down 23.9%. From January to September, the sales area of commercial housing was 848.06 million square meters, down 7.5% year-on-year, of which the sales area of residential housing was down 6.3%. The sales volume of commercial housing was 8,907 billion yuan, down 4.6 percent, with residential sales down 3.2 percent.

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Egypt's non-oil trade deficit downs 10.7 pct in Q2

STORY: Egypt's non-oil trade deficit downs 10.7 pct in Q2 DATELINE: Aug. 23, 2023 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt 2. various of oil and gas fields STORYLINE: Egypt's non-petroleum trade deficit has reached 7.5 billion U.S. dollars in the second quarter (Q2) of 2023, showing a 10.7 percent dip from the same period last year, said the Egyptian cabinet on Tuesday. It said in a media release that the decrease in non-petroleum import value was behind the decline of the trade deficit, adding that non-oil imports value has dropped to 15.9 billion dollars in 2023 from 17.6 billion dollars in 2022. The value of the non-oil exports fell to 8.4 billion dollars in Q2 from 9.2 billion U.S. dollars in the same period last year, it said. China served as the most important non-oil trade partner with Egypt in Q2 in terms of trade volume, followed by the United States, Türkiye, Italy, Russia, and Saudi Arabia. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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Japan's fish catch hits record low in 2022

STORY: Japan's fish catch hits record low in 2022 DATELINE: May 31, 2023 LENGTH: 00:01:18 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of fishing harbour in Japan STORYLINE: Japan's fish catch in 2022 dropped 7.5 percent from the previous year to a record low of 3.85 million tons under the impact of rising sea temperatures, local media reported. The total, which includes farm-grown fish, was the lowest figure since comparable data became available in 1956 and marked a second consecutive year of decline, Kyodo News reported on Tuesday citing data by the Ministry of Agriculture, Forestry and Fisheries. By category, catches of saury fell 5.6 percent from a year earlier to 18,400 tons, while Japanese flying squid slipped 8.3 percent to 29,700 tons and octopus dipped 18.7 percent to 22,200 tons, said the report. Meanwhile, salmon jumped 55.0 percent to 87,900 tons and anchovy increased 13.3 percent to 135,100 tons, it added. Apart from global warming, overfishing has also been a factor

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Spain registers 3.3 pct inflation in March

STORY: Spain registers 3.3 pct inflation in March DATELINE: April 15, 2023 LENGTH: 00:01:37 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of food markets 2. various of cars at Puerta de Alcala, center of Madrid 3. various of energetic consumption at home STORYLINE: The annual inflation in Spain stood at 3.3 percent in March, the lowest level since August 2021, according to data published by the Spanish National Institute of Statistics (INE) on Friday. However, the prices of food and non-alcoholic beverages continue to climb, with a 16.5 percent increase recorded in March, mainly due to increases in the cost of vegetables and meat. Meanwhile, core inflation, which doesn't include the price of unprocessed food or energy products, dropped by 0.1 percent to 7.5 percent - 4.2 points above the general rate of inflation. According to the country's Ministry for Economic Affairs, Spain has one of the lowest inflation rates in Europe. Xinhua News Agency correspondents reporting from Madrid. (XHTV)

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China's Jan.-March qtr economic growth

China's Jan.-March qtr economic growth

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, speaks on China's economic growth in the January-March quarter of 2014 in Beijing on April 16, 2014. China's economic growth slowed to 7.4 percent on year in the January-March quarter from 7.7 percent the previous three months, slipping below the government's gross domestic product growth target of 7.5 percent for 2014, government data showed the same day.

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China's 2013 economic growth

China's 2013 economic growth

BEIJING, China - Photo taken in February 2013 shows a development area in Guiyang, Guizhou Province. China said Jan. 20, 2014, that the country's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent.

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China's 2013 economic growth

China's 2013 economic growth

BEIJING, China - Ma Jiantang (L), director of the National Bureau of Statistics of China, receives questions from reporters during a press conference in Beijing on Jan. 20, 2014, after announcing China's gross domestic product data. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

China's 2013 economic growth

BEIJING, China - Ma Jiantang, director of the National Bureau of Statistics of China, announces China's gross domestic product data in Beijing on Jan. 20, 2014. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

China's 2013 economic growth

BEIJING, China - Photo shows Ma Jiantang, director of the National Bureau of Statistics of China, during a press conference in Beijing on Jan. 20, 2014, in which Ma released China's gross domestic product data. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

China's 2013 economic growth

BEIJING, China - Photo taken Jan. 13, 2014, shows a site where a high-rise building is being built in central Beijing, China. China said Jan. 20 that the country's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent.

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China's 3rd qtr economic growth

China's 3rd qtr economic growth

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, announces China's economic growth data in the July-September quarter of 2013 in Beijing on Oct. 18, 2013. China's economic growth picked up to 7.8 percent in the quarter from a year earlier, from 7.5 percent expansion in the previous three months, recording the fastest pace of growth for the year.

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China's defense budget to rise 7.5% in 2010

China's defense budget to rise 7.5% in 2010

BEIJING, China - Li Zhaoxing, a spokesman for the annual session of the National People's Congress, speaks during a news conference in Beijing on March 4, 2010. China said it plans to increase military spending this year by 7.5 percent to 532.1 billion yuan ($77.94 billion), marking the first time in 22 years that the margin of growth in the defense budget will have fallen below double digits.

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New Zealand residential property median price records largest fall since 1990s

STORY: New Zealand residential property median price records largest fall since 1990s DATELINE: Nov. 15, 2022 LENGTH: 0:01:01 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of houses in New Zealand STORYLINE: New Zealand's national median price for residential property decreased 7.5 percent in October compared to the same period last year, which was the largest annual fall since the Real Estate Institute of New Zealand (REINZ) started to record house prices in the early 1990s. Rising interest rates have caused hesitancy among buyers across New Zealand, said Jen Baird, chief executive at the REINZ, while releasing the monthly property report on Tuesday. Sales activities remain down and properties are taking longer to sell than in October 2021, Baird said. Across New Zealand, median prices for residential property decreased 7.5 percent annually to 825,000 NZ dollars (503,609 U.S. dollars) in October 2022, she said, adding that this represents a 1.9 percent increase month-on-month.

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Russian GDP to contract 3-3.5 pct in 2022: central bank

STORY: Russian GDP to contract 3-3.5 pct in 2022: central bank DATELINE: Oct. 29, 2022 LENGTH: 00:01:04 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Russia STORYLINE: Russia's gross domestic product (GDP) will decline 3-3.5 percent in 2022, the country's central bank forecasted in a statement on Friday. The GDP will decrease 1-4 percent in 2023, but the Russian economy will start to grow in the second half of that year, and the GDP will expand 1.5-2.5 percent annually in 2024-2025, the bank said. It noted that inflation in Russia continued to slow down gradually, with growth in consumer prices decelerating to 13.7 percent in annual terms in September from 14.3 percent in August. Given the weakened inflation pressure, the central bank decided to keep the key interest rate at 7.5 percent per annum. Xinhua News Agency correspondents reporting from Moscow. (XHTV)

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World Bank downgrades India's growth forecast to 6.5 pct

STORY: World Bank downgrades India's growth forecast to 6.5 pct DATELINE: Oct. 7, 2022 LENGTH: 0:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of banks 2. various of shopping mall STORYLINE: The World Bank on Thursday downgraded India's economic growth forecast to 6.5 percent for the current fiscal year (2022-23) from its earlier estimate of 7.5 percent announced in June. The international financial institution cited the deteriorating international environment for the downgrade. "The Indian economy will slow down in FY23, coming off a strong but incomplete recovery in FY22 (April 2021-March 2022). The spillovers from the Russia-Ukraine war and the global monetary policy tightening cycle weigh on India's economic outlook," the report said. Elevated inflation on the back of higher prices of key commodities, heightened global uncertainty, and rising borrowing costs will affect domestic demand while slowing global growth inhibits India's export growth, it said. In its biannual report on

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ADB cuts India's GDP growth forecast to 7 pct

STORY: ADB cuts India's GDP growth forecast to 7 pct DATELINE: Sept. 22, 2022 LENGTH: 0:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of the local markets 3. various of fuel station 4. various of traffic STORYLINE: The Asian Development Bank (ADB) on Wednesday cut down India's gross domestic product (GDP) growth projection to 7 percent for the remaining part of the current fiscal year (April 2022-March 2023), from 7.5 percent estimated in April. Terming it as a "modest downward revision," the ADB cited "higher-than-anticipated inflation and monetary tightening" as the reasons for the cut in its GDP projection for India. The ADB also raised its inflation forecast for India to 6.7 percent. It said that private consumption will be affected by higher inflation eroding consumer purchasing power even though consumer confidence continues to improve. "Sticky core inflation will adversely impact spending over the next two years if wages fail to adjust,

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New Zealand's food prices increase 7.4 pct on year in July: statistics

STORY: New Zealand's food prices increase 7.4 pct on year in July: statistics DATELINE: Aug. 12, 2022 LENGTH: 0:01:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1 various of views in Wellington 2 various of markets STORYLINE: Food prices were 7.4 percent higher in July 2022 compared with July 2021, New Zealand's statistics department Stats NZ said on Friday. In July 2022, the annual increase was due to rises across all the broad food categories measured, Stats NZ said. Compared with July 2021, grocery food prices increased by 7.5 percent; fruit and vegetable prices increased by 10 percent; and meat, poultry, and fish prices increased by 7.7 percent, statistics show. Due to the "cost-of-living crisis" reported by local media, more Kiwis are considering moving overseas. Xinhua News Agency correspondents reporting from Wellington. (XHTV)

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China's foreign trade of goods up 10.4 pct in first 7 months

STORY: China's foreign trade of goods up 10.4 pct in first 7 months DATELINE: Aug. 7, 2022 LENGTH: 00:00:48 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the ports 2. various of China-Europe freight trains STORYLINE: China's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about 3.5 trillion U.S. dollars) during the first seven months of the year, official data showed Sunday. Exports rose 14.7 percent year on year to 13.37 trillion yuan, while imports increased 5.3 percent from a year ago to 10.23 trillion yuan, according to the General Administration of Customs (GAC). During the period, China's trade with the Association of Southeast Asian Nations, the European Union and the United States, expanded by 13.2 percent, 8.9 percent and 11.8 percent from a year ago, respectively. From January to July, China's trade with Belt and Road countries and other members of the Regional Comprehensive Economic Partnership (RCEP) soared by 19.8 percent and 7.5 percent year on

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Spain's tourism industry continues to improve in June

STORY: Spain's tourism industry continues to improve in June DATELINE: Aug. 3, 2022 LENGTH: 00:01:32 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of tourists in Spain 2. various of views of Malaga, south of Spain STORYLINE: Spain welcomed 7.5 million international visitors in June as Spain edges closer to pre-pandemic levels in its biggest and most important economic sector, according to the monthly survey published by the Spanish Statistical Institute (INE) on Tuesday. The United Kingdom was the main source country of tourists coming to Spain in the first six months of the year. The Balearic Islands continued to be the most popular destination in June, followed by Catalonia and Andalusia in the south of the country. During the summer season, the Spainish government expects tourist arrivals to reach 90 percent of the pre-pandemic level. Xinhua News Agency correspondents reporting from Madrid. (XHTV)

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World Bank cuts India's economic growth forecast

STORY: World Bank cuts India's economic growth forecast DATELINE: June 8, 2022 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Indian Gate 2. various of food product wholesale market 3. various of supermarket 4. various of food products 5. various of fuel station 6. various of the traffic STORYLINE: The World Bank Tuesday cut India's economic growth forecast for the current fiscal year to 7.5 percent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. The World Bank said in its latest issue of the Global Economic Prospects that "in India, growth is forecast to edge down to 7.5 percent in the fiscal year 2022/23, with headwinds from rising inflation, supply chain disruptions, and geopolitical tensions offsetting buoyancy in the recovery of services consumption from the pandemic." "Growth is expected to slow further to 7.1 percent in 2023-24 back towards its longer-run potential," it said. This is the second time that the World Bank ha

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NAMIBIA-WINDHOEK-FUEL PRICE-TO RISE

NAMIBIA-WINDHOEK-FUEL PRICE-TO RISE

(220531) -- WINDHOEK, May 31, 2022 (Xinhua) -- A staff member fuels a vehicle at a gas station in Windhoek, Namibia, on May 31, 2022. Namibia will raise the price of petrol by about 14 percent and that of diesel 7.5 percent next month, the government announced on Monday. (Xinhua/Chen Cheng)

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NAMIBIA-WINDHOEK-FUEL PRICE-TO RISE

NAMIBIA-WINDHOEK-FUEL PRICE-TO RISE

(220531) -- WINDHOEK, May 31, 2022 (Xinhua) -- People fuel vehicles at a gas station in Windhoek, Namibia, on May 31, 2022. Namibia will raise the price of petrol by about 14 percent and that of diesel 7.5 percent next month, the government announced on Monday. (Xinhua/Chen Cheng)

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Kenya's economy rebounds to 7.5 percent in 2021 despite COVID-19

STORY: Kenya's economy rebounds to 7.5 percent in 2021 despite COVID-19 DATELINE: May 7, 2022 LENGTH: 00:01:05 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the officials during the launch of the report 2. various of sugar cane harvesting 3. various of a vegetable farm 4. various of dried up river beds 5. various of locals looking for water in dried river beds 6. various of tea plantation 7. various of locals on the streets STORYLINE: Kenya's economy rebounded from the crippling effects of the COVID-19 pandemic to an estimated 7.5 percent in 2021 from a contraction of 0.3 percent in 2020, the national statistics bureau said on Thursday. The Kenya National Bureau of Statistics (KNBS) said in the 2022 Economic Survey that the economic recovery was mainly driven by the resumption of most economic activities after the lifting of the COVID-19 containment measures instituted in 2020 to curb the spread of the virus. "In 2021, all economic activities registered positive growth except agriculture, f

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