Politics shouldn't override innovation: Kenyan economist

STORY: Politics shouldn't override innovation: Kenyan economist SHOOTING TIME: May 15, 2024 DATELINE: May 16, 2024 LENGTH: 00:01:47 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of China's EV industry 2. SOUNDBITE (English): XN IRAKI, Kenyan economist STORYLINE: The U.S. on Tuesday announced new tariffs on a variety of imports from China, including electric vehicles (EVs), lithium batteries, photovoltaic cells, critical minerals, semiconductors, steel and aluminum. The additional levy will cause tariffs on Chinese EV imports to rise to 100 percent this year. A Nairobi-based economist said the U.S. move shows how politics override innovation, noting that protectionism will harm the global decarbonization trend and industry growth. SOUNDBITE (English): XN IRAKI, Kenyan economist "We are seeing politics overriding innovation. Everybody believes that world is at time to become decarbonized world, so that we move away from fossil fuels, coals, gas, petrol, diesel and so on. And one of the ways to

A closer look at China's economic steadiness, vitality and potential

STORY: A closer look at China's economic steadiness, vitality and potential SHOOTING TIME: Recent footage DATELINE: April 25, 2024 LENGTH: 0:02:41 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese economy related footage 2. SOUNDBITE 1 (Arabic): DIAA HELMY, Secretary-general, Egyptian-Chinese Chamber of Commerce 3. SOUNDBITE 2 (English): BENJAMIN MGANA, Chief Editor of Foreign News of The Guardian, Tanzania 4. SOUNDBITE 3 (English): BRENDAN AHERN, Chief investment officer with U.S.-based asset management firm Krane Funds Advisors LLC 5. SOUNDBITE 4 (English): XN IRAKI, Kenyan economist 6. SOUNDBITE 5 (English): STEPHEN PERRY, President emeritus of Britain's 48 Group Club STORYLINE: China's economic performance for the first quarter of this year was unveiled. Notably, the National Bureau of Statistics (NBS) reported a 5.3 percent year-on-year GDP increase in Q1, exceeding market projections and surpassing the government's annual target of around 5 percent. The performance is described as

Kenyans grappling with high cost of living

STORY: Kenyans grappling with high cost of living SHOOTING TIME: April 4, 2024 DATELINE: April 6, 2024 LENGTH: 00:04:21 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE 1 (English): RUTH WANGARA, Xinhua correspondent 2. various street shots 3. shot of Xn Iraki 4. SOUNDBITE 2 (English): XN IRAKI, Economics analyst 5. various of Kibera food market 6. various of supermarket shoppers, slum and vegetable vendors 7. SOUNDBITE 3 (Kiswahili): MARTIN MASANGA, Vegetable vendor 8. various of motorists 9. various of petrol station 10. SOUNDBITE 4 (English): DAPHNE TOO, Local resident 11. various of people on street 12. SOUNDBITE 5 (English): XN IRAKI, Economics analyst STORYLINE: SOUNDBITE 1 (English): RUTH WANGARA, Xinhua correspondent "Kenya, alongside other African countries, has been in a state of high inflation rate resulting to high cost of living. This has led to a majority of the population being in financial distress or struggling to make ends meet. This high economic status has impacted the people

Experts optimistic about China's economic outlook in 2024

STORY: Experts optimistic about China's economic outlook in 2024 SHOOTING TIME: Dec. 10, 2023 DATELINE: Dec. 12, 2023 LENGTH: 00:02:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China-related footage 2. SOUNDBITE 1 (English): XN IRAKI, Kenyan economist 3. SOUNDBITE 2 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business 4. SOUNDBITE 3 (English): ALESSANDRO ZADRO, Head of Research at Italy-China Council Foundation 5. various of China-related footage STORYLINE: Experts remain upbeat about China's economic prospects in 2024, saying that the country will still be a major contributor to global growth. SOUNDBITE 1 (English): XN IRAKI, Kenyan economist "I think the prospects are bright. I believe that if the economic prospects of China are bright next year, 2024, the rest of the world is going to benefit, because China is a big importer and China is a big exporter. So a lot of countries depend on China for trade." SOUNDBITE 2 (English): RONNIE LINS, Director of China

Kenyan expert optimistic about Chinese economy, stresses its significance to world

STORY: Kenyan expert optimistic about Chinese economy, stresses its significance to world SHOOTING DATE: Dec. 9, 2023 DATELINE: Dec. 11, 2023 LENGTH: 00:00:59 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): XN IRAKI, Kenyan economist 3. various of China 4. SOUNDBITE 2 (English): XN IRAKI, Kenyan economist STORYLINE: In a recent interview with Xinhua, a Kenyan economist has expressed optimism on prospects of China's economy in 2024, stressing its significance to the world. SOUNDBITE 1 (English): XN IRAKI, Kenyan economist "I think the prospects are bright. I believe that if the economic prospects of China are bright next year, 2024, the rest of the world is going to benefit, because China is a big importer and China is a big exporter. So a lot of countries depend on China for trade. So we hope that China will continue being the locomotive of the world." Iraki also said he hopes that the technological transfer from China will empower Africa in fostering developme

Experts hail CIFTIS in leading green transformation of trade in services

STORY: Experts hail CIFTIS in leading green transformation of trade in services DATELINE: Sept. 1, 2023 LENGTH: 00:02:15 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the China International Fair for Trade in Services (CIFTIS) site 2. SOUNDBITE 1 (Arabic): ABDEL-SATTAR ESHRAH, Secretary-general of Cairo-based Egyptian-Chinese Business Council 3. various of the China International Fair for Trade in Services (CIFTIS) site 4. SOUNDBITE 2 (English): XN IRAKI, Kenyan economist 5. various of the China International Fair for Trade in Services (CIFTIS) site 6. SOUNDBITE 3 (English): PATRICK MWANGI, International affairs analyst 7. various of the China International Fair for Trade in Services (CIFTIS) site STORYLINE: International experts have praised the role of the China International Fair for Trade in Services (CIFTIS) in leading the green, innovative and inclusive transformation of trade in services. This year's CIFTIS, one of the world's largest and most comprehensive fairs for trade in services

U.S. two-party political system costs money: Kenyan economist

STORY: U.S. two-party political system costs money: Kenyan economist DATELINE: May 11, 2023 LENGTH: 00:01:32 LOCATION: Nairobi CATEGORY: POLITICS/SOCIETY SHOTLIST: 1. various of American street views 2. SOUNDBITE (English): XN IRAKI, Kenyan economist 3. various of gun violence 4. SOUNDBITE 2 (English): XN IRAKI, Kenyan economist STORYLINE: In a recent interview with Xinhua, a Kenyan economist said that the two-party political system in the U.S. has made American elections a game for the rich. SOUNDBITE 1 (English): XN IRAKI, Kenyan economist "If you want to influence people to change the way they think, you have to use certain means, and one of them is money. So they influence your mind. You have to use that advertisements, town hall meetings, and a lot of advertisements out of meetings, and that costs money. So, in the long run, you find that if you are going to win, you have to spend a lot of money. So it's because of the two-party political system that makes political parties in the U.S. very expensive

Growing fallout from U.S. bank failures sparks worries across banking sector

STORY: Growing fallout from U.S. bank failures sparks worries across banking sector DATELINE: March 17, 2023 LENGTH: 00:02:48 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): GIORGIO DI GIORGIO, Professor of macroeconomics and monetary policy at Rome's LUISS University 2. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 3. SOUNDBITE 3 (English): XN IRAKI, Kenyan economist STORYLINE: Growing fallout from the collapse of two U.S. banks -- Silicon Valley Bank (SVB) from California and New York's Signature Bank has sent jitters across the banking sector. Many experts have expressed their concerns over the failures of the two U.S. banks. Worries about its impact on European financial institutions began to push share prices downward. Led by banking shares, most European stock exchanges suffered significant losses on Monday and Wednesday, each time followed by only modest rebounds. An Italian expert has said a major factor contributing to the troubles was ris

U.S. regional bank failures evoke unease in banking sector

STORY: U.S. regional bank failures evoke unease in banking sector DATELINE: March 16, 2023 LENGTH: 00:01:37 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the exterior of New York Stock Exchange Silicon Valley Bank 2. various of the exterior of Credit Suisse 3. various of screenshots of Moody's report 4. various of Silicon Valley Bank 5. various of Signature Bank 6. various of street scenes in U.S. 7. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 8. SOUNDBITE 2 (English): XN IRAKI, Kenyan economist STORYLINE: U.S. and European stocks plunged on Wednesday, as turbulence at Credit Suisse renewed fears of a banking crisis. Banking giant Credit Suisse lost nearly a fourth of its value Wednesday, amid the growing fallout from the collapse of two regional banks in the United States. Rating agency Moody's has slashed its outlook on the entire U.S. banking system to negative in the wake of failures at the Silicon Valley Bank (SVB) and Signature Bank (SNY). Experts hav