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Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

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Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

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Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

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Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

E

Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

E

Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

E

Thermal Plant

NANJING, CHINA - OCTOBER 21, 2024 - A thermal power plant of Shanghai Baoshan Iron and Steel Co., Ltd. is seen in Nanjing, Jiangsu province, China, Oct 21, 2024. China consumed 847.5 billion kilowatt-hours of electricity in September, up 8.5 percent year on year, according to the National Energy Administration. From January to September, the total electricity consumption of the whole society was 7,409.4 billion KWH, an increase of 7.9% year-on-year, of which 7,056 billion KWH of industrial power generation was above scale.

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows a Tesla car at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows Tesla cars at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows Tesla cars at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows a Tesla car at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows Tesla cars at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows a Tesla car at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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U.S.-TESLA-DELIVERIES-Q1-FALL

(240403) -- SAN FRANCISCO, April 3, 2024 (Xinhua) -- This photo taken on April 2, 2024 shows Tesla cars at a parking lot in San Bruno, California, the United States. Tesla on Tuesday posted its first-quarter vehicle production and deliveries report for 2024, with deliveries falling 8.5 percent from the year-ago quarter and about 20 percent from the fourth quarter. The company's total quarterly deliveries for Q1 2024 were 386,810, falling below the analysts' estimates. (Photo by Li Jianguo/Xinhua)

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India's GDP grows 8.4 pct in Oct.-Dec.

STORY: India's GDP grows 8.4 pct in Oct.-Dec. SHOOTING TIME: March 1, 2024 DATELINE: March 2, 2024 LENGTH: 00:01:26 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of building construction 3. various of manufacturing unit STORYLINE: India's economic growth rate grew to 8.4 percent during the period from October to December, government data released on Thursday showed. The figure was 8.1 percent in July-September period. The ministry of statistics and program implementation said double-digit growth rate of the construction sector (10.7 percent), followed by a good growth rate of the manufacturing sector (8.5 percent), has boosted the GDP growth in FY 2023-24. On the back of double-digit growth in the manufacturing sector (11.6 percent), followed by a good growth rate of the construction sector (9.5 percent), the real GDP grew by 8.4 percent in Q3 of FY 2023-24, the ministry said. Meanwhile, Indian economy remained resilient with 7.6 percent growth rate of

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Turkish currency dips against USD after fresh interest rate hike

STORY: Turkish currency dips against USD after fresh interest rate hike SHOOTING TIME: Jan. 26, 2024 DATELINE: Jan. 27, 2024 LENGTH: 00:01:21 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of an exchange office in Istanbul 3. various of the Turkish Central Bank and Turkish lira 4. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk (file) 5. various of the Turkish Central Bank, Turkish lira 6. various of people walking on the street in Istanbul, Türkiye STORYLINE: The Turkish currency lira hit an all-time low against the U.S. dollar on Friday, one day after the central bank raised its key interest rate by 250 basis points to 45 percent. After testing 30.64 liras, one dollar stood at 30.32 liras at 11:10 a.m. local time (0810 GMT). During last June to December, the Turkish central bank raised interest rates from 8.5 percent to 42.5 percent to tame persistent inflation. According to the official data announced last Decembe

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Erdogan hopes Türkiye will attract more investors

STORY: Erdogan hopes Türkiye will attract more investors SHOOTING TIME: Dec. 22, 2023 DATELINE: Dec. 23, 2023 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul Stock Exchange in Türkiye 2. various of Turkish President Recep Tayyip Erdogan and officials STORYLINE: President Recep Tayyip Erdogan said on Friday Türkiye would attract more investors as a result of the surge in inflation being brought under control and the decline in the country's risk premium. "Our risk premium declines. With the rise in our credit note, more foreign investors will come to our country," Erdogan told a ceremony in Istanbul. "We believe that the flow of resources to our country will accelerate as the increase in inflation is brought under control," he said. Since Erdogan's reelection as Turkish president in May, Türkiye's central bank increased the policy rate from 8.5 to 42.5 percent. On Thursday, the central bank increased its policy rate by 250 basis points to 42.5 per

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Türkiye's unemployment rate at lowest level in 11 years

STORY: Türkiye's unemployment rate at lowest level in 11 years SHOOTING TIME: Earlier footage DATELINE: Dec. 12, 2023 LENGTH: 00:01:15 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of a textile factory and employees in Türkiye (shooting date: Nov. 13, 2023) (courtesy of ihlas news agency) 2. various of construction workers in Türkiye (shooting date: Nov. 25, 2023) (courtesy of ihlas news agency) 3. various of a bread factory and employees in Türkiye (shooting date: July 3, 2023) (courtesy of Ankara Municipality) 4. various of a textile factory and employees in Türkiye (shooting date: Dec. 7, 2023) (courtesy of ihlas news agency) STORYLINE: The jobless rate in Türkiye was 8.5 percent in October, the lowest level since November 2012 when it was 8.4 percent, the Turkish Statistical Institute said on Monday. The number of unemployed people, aged 15 years old and over, dropped by 163,000 to 2.96 million year-on-year in November, it said, adding the unemployment rate dropped by 0.5 percentage point

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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

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Turkish lira falls to new low against greenback

STORY: Turkish lira falls to new low against greenback DATELINE: Aug. 8, 2023 LENGTH: 00:01:31 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office in Istanbul 3. various of Türkiye's central bank 4. SOUNDBITE (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: The Turkish currency hit a fresh low against the U.S. dollar on Monday, trading over 27 liras per dollar. After seeing 27.32 in the early morning against the greenback, the lira stood at around 27 in the afternoon, losing about 30 percent of its value since the beginning of this year. The currency tested over 30 thresholds against the euro in the morning and later dropped to 29.68. Türkiye's central bank raised the policy rate from 8.5 percent to 15 percent in June and further to 17.5 percent in July. However, markets expect more aggressive interest rate hikes to better cope with the devaluation of the currency and the rising inflation rate. The country's

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Türkiye's central bank expected to hike interest rate: media

STORY: Türkiye's central bank expected to hike interest rate: media DATELINE: July 20, 2023 LENGTH: 0:00:32 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of Istanbul STORYLINE: Türkiye's central bank is likely to raise its main interest rate by 500 basis points to 20 percent, economists told the state-run Anadolu news agency on Wednesday. The bank's rate decision will be announced on Thursday at 2 p.m. local time (1100 GMT). Marek Drimal, an expert at Societe Generale's Emerging Markets Strategy research team, predicted that the central bank's rate decision would be compatible with its policy of gradual return to the economic orthodoxy. He forecast the bank would increase its rate to 20 percent from 15 percent, according to Anadolu. Last month, the bank, led by its new governor Hafize Gaye Erkan, raised the interest rate from 8.5 percent to 15 percent, the first such hike in more than two years. The rate hike marks a return to more orthodox mon

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Experts say Türkiye's return to conventional economy to take time

STORY: Expert says Türkiye's return to conventional economy to take time DATELINE: July 7, 2023 LENGTH: 00:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Türkiye (courtesy of ihlas news agency) 2. various of Turkish central bank 3. various of Turkish lira 4. SOUNDBITE 1 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 5. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 6. SOUNDBITE 3 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University STORYLINE: Since winning reelection in May, Türkiye's President Recep Tayyip Erdogan has replaced the country's central bank governor and the minister of treasury and finance with market-friendly figures to address the cost of living crisis. On June 22, the central bank raised the interest rates from 8.5 percent to 15 percent, the first hike in more than two years that was welcomed by the market as a return to economic orthodox even though investors expected more. However,

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Turkish central bank raises interest rate to 15 pct in policy U-turn

STORY: Turkish central bank raises interest rate to 15 pct in policy U-turn DATELINE: June 23, 2023 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish central bank 2. various of Turkish lira 3. various of people at cashpoints in Türkiye 4. various of Turkish lira 5. various of the Turkish central bank 6. Turkish President Recep Tayyip Erdogan 7. various of Hafize Gaye Erkan, the governor of the Turkish Central Bank (courtesy of ihlas news agency) 8. Turkish President Recep Tayyip Erdogan 9. various of the Turkish central bank 10. various of Turkish lira STORYLINE: The Turkish central bank on Thursday announced a benchmark interest rate hike from 8.5 percent to 15 percent, in a policy U-turn toward monetary tightening to counter higher inflation. According to a statement from the central bank, its Monetary Policy Committee made the decision to tighten monetary conditions in order to bring down inflation, stabilize inflation expectations, and control pricing behavior. "

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Turkish central bank keeps interest policy rate unchanged at 8.5 pct

STORY: Turkish central bank keeps interest policy rate unchanged at 8.5 pct DATELINE: May 26, 2023 LENGTH: 00:00:52 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish flag and Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish people at cashpoints STORYLINE: Türkiye's central bank decided to keep its interest rate unchanged at 8.5 percent on Thursday before the upcoming runoff presidential elections. The bank said in a statement that it had decided to keep the policy rate unchanged in order to "preserve the growth momentum in industrial production and the positive trend in employment after the earthquake." It added that the current monetary policy stance was "adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price stability and financial stability." The bank's decision is likely to disappoint many economists, who had expected it to raise rates in order to c

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Türkiye's central bank holds interest rate at 8.5 percent

STORY: Türkiye's central bank holds interest rate at 8.5 percent DATELINE: March 24, 2023 LENGTH: 0:01:07 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish Lira 3. various of Turkish flag 4. various of people at earthquake rubble in Turkey 5. various of the earthquake in Turkey STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 8.5 percent after it eased the policy last month following devastating earthquakes. While the level and underlying trend of inflation have been improved with the support of the implemented integrated policy approach, the effect of earthquake-driven supply-demand imbalances on inflation is closely monitored, the bank said in a statement following the Monetary Policy Committee meeting. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the positive trend in employment after the earthquake. Accordingly, the Committee h

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230302) -- BERLIN, March 2, 2023 (Xinhua) -- People walk past a store in Berlin, Germany, on March 2, 2023. The eurozone's annual inflation rate is projected to fall to 8.5 percent in February from 8.6 percent in January, the European Union's statistical office said in a preliminary estimate on Thursday. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230302) -- BERLIN, March 2, 2023 (Xinhua) -- A price board is seen at a gas station in Berlin, Germany, on March 2, 2023. The eurozone's annual inflation rate is projected to fall to 8.5 percent in February from 8.6 percent in January, the European Union's statistical office said in a preliminary estimate on Thursday. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230302) -- BERLIN, March 2, 2023 (Xinhua) -- A customer shops at a store in Berlin, Germany, on March 2, 2023. The eurozone's annual inflation rate is projected to fall to 8.5 percent in February from 8.6 percent in January, the European Union's statistical office said in a preliminary estimate on Thursday. (Photo by Stefan Zeitz/Xinhua)

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Türkiye's central bank cuts policy rate by 50 bps

STORY: Türkiye's central bank cuts policy rate by 50 bps DATELINE: Feb. 24, 2023 LENGTH: 00:01:47 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of people in the market 3. aerial views of earthquakes in Turkey STORYLINE: Türkiye's central bank delivered an interest rate cut Thursday from 9 percent to 8.5 percent amid high inflation and in the aftermath of a devastating earthquake. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the positive trend in employment after the earthquake," the bank said in a statement. The current monetary policy stance after the measured reduction is adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price stability and financial stability, said the statement. While the earthquake is expected to affect economic activity in the near term, it is anticipated that it will not have a permanent impact on the

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People shop at a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People walk past a store in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People visit a shopping mall in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A woman visits a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A price board is seen at a gas station in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A woman walks past a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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Nintendo's group net profit marks record high

OSAKA, Japan - Nintendo Co. President Satoru Iwata briefs reporters on the company's earnings report for fiscal 2008 in Osaka on May 7. Nintendo's group net profit rose 8.5 percent from the previous year to a record high of 279.09 billion yen due to the strong popularity of its DS and Wii game consoles.

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Nintendo's group net profit marks record high

OSAKA, Japan - Nintendo Co. President Satoru Iwata briefs reporters on the company's earnings report for fiscal 2008 in Osaka on May 7. Nintendo's group net profit rose 8.5 percent from the previous year to a record high of 279.09 billion yen due to the strong popularity of its DS and Wii game consoles.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen. The automaker said it will cut its worldwide workforce of about 235,000 by 8.5 percent to 215,000 in fiscal 2009 through March 2010.

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Türkiye's economy grows 3.9 pct in Q3

STORY: Türkiye's economy grows 3.9 pct in Q3 DATELINE: Dec. 1, 2022 LENGTH: 0:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye 2. various of factories 3. various of dollars and lira STORYLINE: Türkiye's economy grew 3.9 percent year on year in the third quarter, expanding at the slowest rate since the second quarter of 2020, the Turkish Statistical Institute data announced on Wednesday. The limited growth in consumption compared to the second quarter and the slowdown in foreign demand contributed to the decrease in the growth rate. Gross domestic product (GDP) narrowed 0.1 percent from the previous quarter on a seasonally and calendar-adjusted basis, the data showed. Consumption expenditures of resident households increased by 19.9 percent as a chained volume index in the third quarter of the year compared to the same period of the previous year. While the final consumption expenditures of the government increased by 8.5 percent, the gross fixed capital formation decreased by 1.3

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China's "grain barn" enjoys bumper harvest

STORY: China's "grain barn" enjoys bumper harvest DATELINE: Oct. 15, 2022 LENGTH: 00:01:03 LOCATION: HARBIN, China CATEGORY: AGRICULTURE SHOTLIST: 1. various of autumn harvest in Heilongjiang STORYLINE: Sunday will mark the 42nd World Food Day. Heilongjiang Province, known as China's "grain barn," is witnessing a bumper autumn harvest. Last year, the province saw its 18th consecutive bumper year, with a grain harvest of more than 78.68 billion kg. This year, the total sown area in Heilongjiang stands at over 218 million mu (about 14.53 million hectares). The province is China's main soybean production base, contributing to more than 40 percent of the country's total soybean planting area. It has achieved its target of adding 10 million mu (about 666,667 hectares) of soybean plantation this year, with its total soybean growing area exceeding 68.5 million mu (about 4.57 million hectares). The province's soybean output is estimated to hit 8.5 billion kg this year, about 1.3 billion kg more than last yea

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Kenyans feel pinch amid hiking inflation, tax adjustment

STORY: Kenyans feel pinch amid hiking inflation, tax adjustment DATELINE: Oct. 13, 2022 LENGTH: 00:05:13 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of Nairobi streets 2. various of businesses in Nairobi 3. SOUNDBITE 1 (English): GITAU NGUGI, Businessman 4. SOUNDBITE 2 (English): RUTH WAIRIMU, Hawker 5. SOUNDBITE 3 (English): JOHN MAINA, Meat seller 6. various of businesses in Nairobi 7. SOUNDBITE 4 (English): PETER NJOGU, Car dealer 8. various of Nairobi streets STORYLINE: Businesses and consumers in Kenya face more pain as the inflation accelerated to a record high in September, as well as with the Kenya revenue authority (KRA) inflation tax levy adjustment. Monthly inflation data by the Kenya National Bureau of Statistics (KNBS) shows the country's overall rate of inflation in September stood at 9.2 percent, compared to 8.5 percent in August. The KRA levy imposed on imports, including fuel (petrol, diesel and kerosene), took effect on Oct. 1. The inflation rise continued with an increase

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U.S. CPI surges 8.3 pct in August, warranting Fed's big rate hike

STORY: U.S. CPI surges 8.3 pct in August, warranting Fed's big rate hike DATELINE: Sept. 14, 2022 LENGTH: 00:01:28 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. exterior of the U.S. Labor Department 2. shots of a petrol station 3. shots of a grocery store STORYLINE: The U.S. Labor Department reported Tuesday the country's consumer inflation in August surged 8.3 percent from a year ago, slightly down from the previous month but still at an elevated level, warranting another big rate hike by the Federal Reserve. The Consumer Price Index for All Urban Consumers (CPI-U) ticked up 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, according to the department's Bureau of Labor Statistics. The June CPI of 9.1 percent marks the largest 12-month increase since the period ending November 1981. In July, the CPI soared 8.5 percent. The latest data indicates that inflation might be easing amid the Federal Reserve's interest rate hikes. Despite that, the CPI has remained ov

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Israel's inflation rate hits 5.2 pct, highest since 2008

STORY: Israel's inflation rate hits 5.2 pct, highest since 2008 DATELINE: Aug. 18, 2022 LENGTH: 00:03:04 LOCATION: Jerusalem CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of people shopping at a market in central Israeli city of Ramla STORYLINE: Israel's year-on-year inflation reached 5.2 percent in July, the highest since October 2008, according to figures released by the country's Central Bureau of Statistics on Monday. This is the sixth month in a row for the 12-month consumer price index to rise above the government target range of 1-3 percent. Israel's monthly inflation rate in July was 1.1 percent, following a 0.4 percent in June, mainly due to an increase of 8.5 percent in fresh fruit prices and 3.3 percent in transport prices. Israeli analysts estimated that the continued rise in inflation will lead to a fourth consecutive rise in Israel's base interest rate by the Bank of Israel on Aug. 22. During the last three increases, the base interest rate has been raised from 0.1 percent to the current

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- Customers shop at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- A customer shops at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- Customers shop at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- Customers shop at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- A customer shops at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-INFLATION

(220811) -- MILLBRAE, Aug. 11, 2022 (Xinhua) -- A customer shops at a supermarket in Millbrae, California, the United States, Aug. 10, 2022. U.S. consumer inflation in July surged 8.5 percent from a year ago, down from the previous month's fresh four-decade high but still at an elevated level, the U.S. Labor Department reported Wednesday. (Photo by Li Jianguo/Xinhua)

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Germans feel pinch as high inflation bites

STORY: Germans feel pinch as high inflation bites DATELINE: Aug. 2, 2022 LENGTH: 00:02:14 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of street views 2. SOUNDBITE 1 (English): OSCAR, Local resident 3. SOUNDBITE 2 (English): PAUL, Accounting manager STORYLINE: Inflation in Germany has been running wild and pushing the cost of living up at a pace so fast that people, especially the most vulnerable, have to scramble to make their ends meet. Inflation in Germany unexpectedly accelerated in July. The Harmonised Index of Consumer Prices, which is used to measure consumer price inflation in the euro area, went up by 8.5 percent over the same month last year, according to the Federal Statistical Office. Costs of energy and food both soared, with energy prices going up by 35.7 percent and food prices by 14.8 percent in July year on year. The price hikes have translated into inflated bills for households, and many people, especially the vulnerable group including pensioners and the un