India's eight core industries rise by over 4 pct in May

STORY: India's eight core industries rise by over 4 pct in May DATELINE: July 2, 2023 LENGTH: 0:01:26 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of a coal mine, an oil tank and a fuel station in India STORYLINE: The combined index of India's eight core industries including coal, crude oil, natural gas and petroleum increased 4.3 percent in May as compared to the same month last year, the federal Ministry of Commerce and Industry said on Friday. The production of cement, fertilizers, steel, coal, and refinery products increased in May over the corresponding month of last year, while the others declined, it added. The eight core industries comprise nearly 40.27 percent of the weight of items included in the Index of Industrial Production. Coal production rose 7.2 percent, petroleum refinery production 2.8 percent, fertilizers production 9.7 percent, steel production 9.2 percent, and cement production 15.5 percent, said the ministry in a statement. It further said

Swedish central bank announces rate hike of 25 basis points

STORY: Swedish central bank announces rate hike of 25 basis points DATELINE: June 30, 2023 LENGTH: 00:01:48 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Sweden's central bank 2. various of street views in Stockholm 3. various of a gas station STORYLINE: Sweden's central bank on Thursday announced a 25 basis point hike of its benchmark interest rate to 3.75 percent -- a level not seen since 2008. It is the seventh consecutive rate hike by the Riksbank since May last year. Before this round of interest rate hikes, the policy rate in Sweden had been at zero or sub-zero for more than seven years. Another increase is also likely to come before the end of the year, the Riksbank said in a press release. Inflation in the country stood at 9.7 percent in May, according to Statistics Sweden. Although it is falling, the rate is still "far too high," the bank said. The unexpected rapid rise in service prices, which may reflect demand pressures in parts of the Swedish economy, is the mai

India's core sector growth hits 5-month low of 3.6 pct in March

STORY: India's core sector growth hits 5-month low of 3.6 pct in March DATELINE: April 30, 2023 LENGTH: 00:01:41 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shots of plants 3. shots of oil storage tank 4. shots of coal mine STORYLINE: India's core sector, comprising eight key infrastructure industries, registered a growth of 3.6 percent in March 2023, the slowest in five months, according to the Ministry of Commerce & Industry. According to data, the growth rate in India's core infrastructure industries stood at 7.2 percent in February 2023. The previous low of 0.7 percent was recorded in October 2022. The output of crude oil declined by 2.8 percent, power by 1.8 percent, and cement by 0.8 percent in March this year, while coal production recorded an increase of 12.2 percent, fertilizers by 9.7 percent, steel by 8.8 percent, natural gas by 2.8 percent, and refinery products by 1.5 percent. India's infrastructure sectors, which include coal, crude oil, natural gas, refinery p

China's economy grows 9.5% in April-June qtr

China's economy grows 9.5% in April-June qtr

BEIJING, China - Sheng Laiyun, a spokesman for China's National Bureau of Statistics, speaks in a press conference in Beijing on July 13, 2011. China said its economy grew 9.5 percent in the April-June quarter from a year earlier, down from a 9.7 percent expansion in the preceding quarter.

New Zealand GDP increases 2 pct in Q3

STORY: New Zealand GDP increases 2 pct in Q3 DATELINE: Dec. 15, 2022 LENGTH: 00:02:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street view 2. various of a port 3. various of a production line of milk 4. various of a supermarket 5. various of a honey farm STORYLINE: New Zealand's gross domestic product (GDP) rose by 2 percent in the September 2022 quarter, following a revised 1.9 percent rise in the June quarter, the statistics department Stats NZ said on Thursday. This rise was driven primarily by the services industries, which was up 2 percent. The transport, postal, and warehousing industry was the biggest contributor to the growth, up 9.7 percent, Stats NZ said. "With borders opening to all visitors in the September 2022 quarter, we have seen more spending on both international and domestic air travel," said Stats NZ's industry and production senior manager Ruvani Ratnayake. The business services industry also contributed to the result, driven by computer system services, recrui

Sharp sees record 1st-half sales on strong large LCD TV demand

Sharp sees record 1st-half sales on strong large LCD TV demand

OSAKA, Japan - Sharp Corp. President Katsuhiko Machida speak at a press conference in Osaka on Oct. 25. The company said its group sales in the April-September first half of fiscal 2006 gained 9.7 percent from a year earlier to an all-time high of 1.47 trillion yen, helped by strong demand for its Aquos large liquid crystal display TVs.

Greece projects 1.8 pct GDP growth, 5 pct inflation in 2023

STORY: Greece projects 1.8 pct GDP growth, 5 pct inflation in 2023 DATELINE: Nov. 23, 2022 LENGTH: 00:00:42 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of the Greek Finance Ministry and people walk in front of it 2. various of people in Syntagma square in front of the Greek parliament STORYLINE: The Greek Finance Ministry forecasted the country's economy to grow by 5.6 percent this year and 1.8 percent in 2023, according to a revised estimate in Greece's final 2023 draft budget presented to the parliament on Monday. The projected growth figures in the initial draft, which was submitted in early October, were 5.3 percent for 2022 and 2.1 percent for 2023. The forecast for the annual inflation rate has been increased to 5 percent from 3 percent for 2023. In the initial draft budget, the forecast for inflation in 2022 was 8.8 percent, rising to 9.7 percent in the new draft. The primary surplus is expected to be 0.7 percent in 2023, up from a 1.6 percent deficit in 2022, the ministry said on Mon

Türkiye's annual current account deficit reaches 4-year peak

STORY: Türkiye's annual current account deficit reaches 4-year peak DATELINE: Oct. 12, 2022 LENGTH: 00:01:21 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of counting money 3. various of port and cargo STORYLINE: Türkiye's current account registered a deficit of 3.11 billion U.S. dollars in August, bringing its annual current account deficit to more than 40.88 billion dollars, a record high since 2018, showed the latest central bank statistics on Tuesday. The development stems from the "rising of good's deficit to 9.7 billion dollars, increasing by 6.81 billion dollars compared to the same month of the previous year," the Turkish central bank said on its website. Statistics published previously by the Turkish Statistical Institute showed the foreign trade deficit, seen as a big component of the current account deficit, increased by 159.9 percent to 11.19 billion dollars in August year-on-year, mainly due to Türkiye's soaring energy import bill. The official M

China forges ahead for brighter future in digital economy

STORY: China forges ahead for brighter future in digital economy DATELINE: May 1, 2022 LENGTH: 00:01:54 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of digital economy related footage 2. SOUNDBITE 1 (Spanish): EDUARDO REGALADO, Senior researcher at International Policy Research Center of Cuba 3. SOUNDBITE 2 (English): SUDHEENDRA KULKARNI, Former chairman of Observer Research Foundation, India STORYLINE: Three years into the pandemic, China has made headway in digitizing the economy to spur dynamic growth. Digital economic activities have grown exponentially in the past years and have gradually become one of the dominant forces in the national economy. In 2020, China's digital economy maintained a high growth rate of 9.7 percent to 39.2 trillion yuan (about 6.16 trillion U.S. dollars), reaching upwards of an estimated 38.6 percent of the national GDP. SOUNDBITE 1 (Spanish): EDUARDO REGALADO, Senior researcher at International Policy Research Center of Cuba "I think that this development (of t

Greece to increase minimum wage by 7.5 pct from May

STORY: Greece to increase minimum wage by 7.5 pct from May DATELINE: April 21, 2022 LENGTH: 00:01:13 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of views of Athens 2. various of Greek Prime Minister Kyriakos Mitsotakis speaking 3. various of street views STORYLINE: The minimum wage in Greece will be increased by 7.5 percent to 713 euros (774 U.S. dollars) monthly from 663 euros as of May 1, as part of measures to help the society to cope with the energy crisis and the effect of the Russia-Ukraine conflict, Greek Prime Minister Kyriakos Mitsotakis announced on Wednesday. "Combined with an initial rise in January (by 2 percent), the overall increase reaches 9.7 percent compared to the minimum wage of 2021," he said during a televised address broadcast on Greek national broadcaster ERT. For the nearly 650,000 employees in this category, the increase corresponds to another month's salary, on top of the 14 months they receive at present, Mitsotakis added. The wounds of the Greek debt crisis (201

TURKEY-POPULATION AGING-ACCELERATION

TURKEY-POPULATION AGING-ACCELERATION

(220328) -- ISTANBUL, March 28, 2022 (Xinhua) -- People walk along the shore of the Bosphorus Strait in Istanbul, Turkey, March 27, 2022. Official statistics from Turkey showed on Wednesday that the country's population is aging at an accelerated rate. According to data released by the Turkish Statistical Institute, the elderly population over the age of 65 has accounted for 9.7 percent of the country's total population. (Xinhua/Shadati)

TURKEY-POPULATION AGING-ACCELERATION

TURKEY-POPULATION AGING-ACCELERATION

(220328) -- ISTANBUL, March 28, 2022 (Xinhua) -- People spend their weekend by the Bosphorus Strait in Istanbul, Turkey, Feb. 20, 2022. Official statistics from Turkey showed on Wednesday that the country's population is aging at an accelerated rate. According to data released by the Turkish Statistical Institute, the elderly population over the age of 65 has accounted for 9.7 percent of the country's total population. (Xinhua/Shadati)

Turkey aging rapidly: statistics

STORY: Turkey aging rapidly: statistics DATELINE: March 24, 2022 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of street view in Turkey 2. various of elder people in Turkey STORYLINE: Official statistics from Turkey showed on Wednesday that the country's population is aging at an accelerated rate, with the elderly population increasing by 24 percent in the past five years. According to data released by the Turkish Statistical Institute, the elderly population over the age of 65 has accounted for 9.7 percent of the country's total population. Among them, the proportion of female elderly population is higher than that of males. The agency predicts that the number of elderly people in Turkey could reach 11 percent in the next three years and exceed 16.3 percent by 2040. The data show that Turkey's Black Sea region accounts for the highest proportion of the country's elderly population. Sinop province in the Black Sea region has had the highest proportion of elderly peopl

Sharp sees record 1st-half sales on strong large LCD TV demand

Sharp sees record 1st-half sales on strong large LCD TV demand

OSAKA, Japan - Sharp Corp. President Katsuhiko Machida speak at a press conference in Osaka on Oct. 25. The company said its group sales in the April-September first half of fiscal 2006 gained 9.7 percent from a year earlier to an all-time high of 1.47 trillion yen, helped by strong demand for its Aquos large liquid crystal display TVs. (Kyodo)

China's economy grows 9.5% in April-June qtr

China's economy grows 9.5% in April-June qtr

BEIJING, China - Sheng Laiyun, a spokesman for China's National Bureau of Statistics, speaks in a press conference in Beijing on July 13, 2011. China said its economy grew 9.5 percent in the April-June quarter from a year earlier, down from a 9.7 percent expansion in the preceding quarter. (Kyodo)