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AU commission chief expresses concern over prevailing security challenges in Africa

STORY: AU commission chief expresses concern over prevailing security challenges in Africa SHOOTING TIME: Feb. 17, 2024 DATELINE: Feb. 19, 2024 LENGTH: 00:02:18 LOCATION: Addis Ababa CATEGORY: POLITICS SHOTLIST: 1. various of headquarters of the African Union 2. SOUNDBITE 1 (English interpretation): MOUSSA FAKI MAHAMAT, Chairperson of AU Commission 3. various of headquarters of the African Union 4. SOUNDBITE 2 (English interpretation): MOUSSA FAKI MAHAMAT, Chairperson of AU Commission 5. various of headquarters of the African Union STORYLINE: Chairperson of the African Union (AU) Commission Moussa Faki Mahamat on Saturday expressed deep concern over prevailing unconstitutional changes of governments, political and institutional instability, climate change and economic deficits in Africa. Africa has witnessed exorbitant military spending as terrorism and conflict continue to destroy some African states, reversing their development priorities, Faki said at the opening of the 37th Ordinary Session of the

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Higher tax earnings slash Australian budget deficit

STORY: Higher tax earnings slash Australian budget deficit SHOOTING TIME: File/Dec. 13, 2023 DATELINE: Dec. 15, 2023 LENGTH: 00:00:59 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Parliament of Australia 2. various of tax calculating (file) 3. various of Commonwealth Bank 4. various of Australian daily grocery shopping (file) STORYLINE: Surging personal and company tax income has driven a major improvement in Australia's budget position, the government has revealed. Treasurer Jim Chalmers and Minister for Finance Katy Gallagher on Wednesday released the Mid-Year Economic and Fiscal Outlook (MYEFO), which is delivered annually in December to update Australians on the state of the government's fiscal performance. The document forecasts that the final federal budget deficit for the current 2023-24 financial year will be 1.1 billion Australian dollars (721.4 million U.S. dollars) - down from the 13.9 billion AUD (9.1 billion USD) forecast in May. Between 2023-24 and 2026-27, budget deficits a

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World observers on positive global role of China's vision on community with shared future

STORY: World observers on positive global role of China's vision on community with shared future DATELINE: March 23, 2023 LENGTH: 00:02:06 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of views in China 2. SOUNDBITE 1 (English): MARTIN ALBROW, British sociologist 3. SOUNDBITE 2 (English): PAVLOS KONTOS, Head of Philosophy Department at University of Patras in Greece 4. SOUNDBITE 3 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil STORYLINE: A decade after the concept of a community with a shared future for mankind was proposed, the Chinese flagship vision is becoming a great banner for building a better, more prosperous world. Observers around the world have seen clearly the positive role that China's vision has played in the world arena, believing it has met the global need for shared growth in times when economic globalization faces strong headwinds and the whole world is perplexed by the deficits in peace, development, security and governance. SOUN

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Türkiye's weak lira boosts tourists, revenues

STORY: Türkiye's weak lira boosts tourists, revenues DATELINE: Dec. 24, 2022 LENGTH: 00:01:39 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of hot air balloons and Cappadocia 2. tourists at the beaches of Türkiye 3. tourists at the old city center of Amasra, Türkiye 4. SOUNDBITE (Turkish): KAAN SAHINALP, Türkiye representative of German tourism giant TUI STORYLINE: Helped by a weakening currency, Türkiye's crucial tourism industry is recording a robust post-pandemic rebound. Tourism revenues are vital to the economy as the government's economic program focuses on flipping the current account deficits to a surplus, prioritizing exports, production and investments, and aiming to curb inflation. The number of foreign visitors arriving in Türkiye climbed 88 percent year on year from January through October this year to 39.1 million, on pace to match the pre-pandemic levels of 2019. The rebound has also been driven by a major leap in demand from Europe as the European continent grapples with an ene

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U.S. trade deficit review won't affect Japan: trade minister

TOKYO, April 4 Kyodo - Japan's Economy, Trade and Industry Minister Hiroshige Seko speaks at a press conference in Tokyo on April 4, 2017. Seko said that U.S. President Donald Trump's order to review the causes of U.S. trade deficits is unlikely to affect commerce between the two countries.

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Protesters rally in Rio against Rousseff

RIO DE JANEIRO, Brazil, July 31 Kyodo - Around 1,000 protesters gather on the road facing Copacabana Beach in Rio de Janeiro on July 31, 2016, urging Brazilian President Dilma Rousseff to resign, with only five days left to the start of the Olympics in the city. Rousseff has been suspended from office since the beginning in May of impeachment procedures over alleged concealment of budget deficits.

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ADB chief Nakao

TOKYO, Japan - Asian Development Bank chief Takehiko Nakao is pictured during a press conference in Tokyo on March 25, 2014. He expressed concern about Japan's worsening current account balance and its budget deficit, saying "twin deficits are unhealthy."

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Kan mentions possible tax hike ahead of upper house poll

TOKYO, Japan - Kan announces the ruling Democratic Party's manifesto for the upcoming House of Councilors election in a news conference at the DPJ's headquarters in Tokyo on June 17, 2010. Faced with the pressing need to reduce fiscal deficits, he said raising the consumption tax rate to 10 percent is one option.

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Kan mentions possible tax hike ahead of upper house poll

TOKYO, Japan - Prime Minister Naoto Kan presents the ruling Democratic Party of Japan's manifesto for the upcoming House of Councilors election to the press at the DPJ's headquarters in Tokyo on June 17, 2010. Faced with the pressing need to reduce fiscal deficits, he said raising the consumption tax rate to 10 percent is one option.

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Bank of Japan Governor Masaaki Shirakawa speaks at a press conference after attending a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. The financial chiefs agreed to cut deficits and pursue fiscal consolidation.

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki (R) speaks at a press conference attended by Bank of Japan Governor Masaaki Shirakawa in Busan, South Korea, on June 5, 2010, after a gathering of financial chiefs from the Group of 20 leading economies. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals.

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki speaks at a press conference after attending a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals.

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki (L) speaks with U.S. Treasury Secretary Timothy Geithner at a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals.

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U.S. consortium to build tuna farm in California for export to Japan

LOS ANGELES, United States - A diver hauls a tuna cultivated at a farm off the cost of southern California in a photo taken in August, 2004. A consortium of U.S. firms is planning to build a large tuna farm to raise the fish mainly for export to Japan. The U.S. Department of Commerce is preparing a bill to support the construction of the farm as it apparently believes that tuna exports to Japan would help reduce U.S. trade deficits with Japan.

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U.S. twin deficits behind dollar's weakness: BOJ's Fukui

TOKYO, Japan - Bank of Japan (BOJ) Governor Toshihiko Fukui speaks at a press conference at the BOJ head office in Tokyo on Feb. 5. Fukui said foreign exchange markets mirror the fact that the United States has twin deficits.

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S.Korea's export falls 14 pct in November

STORY: S.Korea's export falls 14 pct in November DATELINE: Dec. 1, 2022 LENGTH: 00:01:32 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of city scenes of Seoul 2. various of the Ministry of Trade, Industry and Energy 3. various of Sunkwang Newport Container Terminal 4. various of a container port (courtesy of Yonhap TV) STORYLINE: South Korea's export recorded a double-digit fall last month, leading to trade deficits for the eighth consecutive month, government data showed Thursday. Export, which takes up about half of South Korea's export-driven economy, plunged 14.0 percent from a year earlier to 51.91 billion U.S. dollars in November, according to the Ministry of Trade, Industry and Energy. The outbound shipment kept sliding for the second straight month after reducing 5.7 percent in October, the first export decrease in two years since October 2020. Import rose 2.7 percent to 58.93 billion dollars in November, sending the trade deficit to 7.02 billion dollars. The trade balance has stayed i

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Experts call for measures to avert economic crisis in Africa

STORY: Experts call for measures to avert economic crisis in Africa DATELINE: Oct. 27, 2022 LENGTH: 00:01:39 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the Regional Economic Outlook STORYLINE: Financial experts on Tuesday called for the effective implementation of measures in order to avert an economic crisis in Africa. Catherine Pattillo, deputy director of the African Department at the International Monetary Fund (IMF), said in Nairobi, Kenya's capital, that the global recession coupled with rising food and energy prices is likely to impact the region's most vulnerable residents. "African policymakers should prioritize interventions that boost social safety nets as one of the avenues toward sustainable economic recovery," Pattillo said during a discussion on the IMF's Regional Economic Outlook. She noted that the implementation of fiscal consolidation will help reduce budget deficits as well as external borrowing costs. Pattillo also called for enhanced domestic resource mobilization

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Xinhua Headlines: How China contributes to fixing deficits in global development, governance

(221021) -- BEIJING, Oct. 21, 2022 (Xinhua) -- This aerial photo taken on Oct. 16, 2022 shows the construction site of the erection of the last box girder along the Jakarta-Bandung High-Speed Railway in Purwakarta, Indonesia. (Xinhua/Xu Qin)

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Xinhua Headlines: How China contributes to fixing deficits in global development, governance

(221021) -- BEIJING, Oct. 21, 2022 (Xinhua) -- An Egyptian driver operates a light rail train during a trial run of Egypt's first electrified light rail transit (LRT) system jointly built by Chinese and Egyptian companies, in Cairo, Egypt, July 3, 2022. (Xinhua/Sui Xiankai)

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Xinhua Headlines: How China contributes to fixing deficits in global development, governance

(221021) -- BEIJING, Oct. 21, 2022 (Xinhua) -- This aerial photo taken on Aug. 30, 2019 shows the China-Maldives Friendship Bridge in Maldives. (Photo by Wang Mingliang/Xinhua)

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Xinhua Headlines: How China contributes to fixing deficits in global development, governance

(221021) -- BEIJING, Oct. 21, 2022 (Xinhua) -- This aerial photo taken on Feb. 15, 2019 shows a container ship of the COSCO Shipping approaching Piraeus port, Greece. (Xinhua/Wu Lu)

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden removes his protective mask as he walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden adjusts his sunglasses as he walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks off Marine One on the Ellipse near the White House in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

U.S. President Joe Biden walks across the Ellipse near the White House after exiting Marine in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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President Biden Returns To The White House - Washington

Marine One flies towards the Washington Monument as it departs the Ellipse near the White House in Washington, DC, USA on Thursday, May 27, 2021. Biden is set to unveil a budget that would see federal spending jump to $6 trillion in the coming fiscal year, with annual deficits of more than $1.3 trillion over the next decade, according to documents cited by the New York Times. Photo by Al Drago/Pool/ABACAPRESS.COM

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U.S. consortium to build tuna farm in California for export to J

LOS ANGELES, United States - A diver hauls a tuna cultivated at a farm off the cost of southern California in a photo taken in August, 2004. A consortium of U.S. firms is planning to build a large tuna farm to raise the fish mainly for export to Japan. The U.S. Department of Commerce is preparing a bill to support the construction of the farm as it apparently believes that tuna exports to Japan would help reduce U.S. trade deficits with Japan. (Kyodo)

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U.S. twin deficits behind dollar's weakness: BOJ's Fukui

TOKYO, Japan - Bank of Japan (BOJ) Governor Toshihiko Fukui speaks at a press conference at the BOJ head office in Tokyo on Feb. 5. Fukui said foreign exchange markets mirror the fact that the United States has twin deficits. (Kyodo)

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Brazilian President Rousseff suspended as impeachment trial approved

Brazilian President Dilma Rousseff meets with her supporters in Brasilia on May 12, 2016, after the country' Senate voted to impeach her over alleged concealment of budget deficits. (Kyodo) ==Kyodo

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Brazilian President Rousseff suspended as impeachment trial approved

Brazilian President Dilma Rousseff (R) meets with her supporters in Brasilia on May 12, 2016, after the country' Senate voted to impeach her over alleged concealment of budget deficits. (Kyodo) ==Kyodo

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Brazilian President Rousseff suspended as impeachment trial approved

Brazilian President Dilma Rousseff meets with her supporters in Brasilia on May 12, 2016, after the country' Senate voted to impeach her over alleged concealment of budget deficits. (Kyodo) ==Kyodo

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Ex-Kanebo execs get suspended terms for window dressing

TOKYO, Japan - Takashi Hoashi (C), former president of Kanebo Ltd., arrives at the Tokyo District Court on March 27 to attend his trial. The court sentenced Hoashi to two years in prison, suspended for three years, for falsifying company financial statements to cover up capital deficits. (Kyodo)

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki (R) speaks at a press conference attended by Bank of Japan Governor Masaaki Shirakawa in Busan, South Korea, on June 5, 2010, after a gathering of financial chiefs from the Group of 20 leading economies. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals. (Kyodo)

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Bank of Japan Governor Masaaki Shirakawa speaks at a press conference after attending a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. The financial chiefs agreed to cut deficits and pursue fiscal consolidation. (Kyodo)

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki speaks at a press conference after attending a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals. (Kyodo)

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G-20 agrees to cut deficits, tighten regulations

BUSAN, South Korea - Japanese Senior Vice Finance Minister Naoki Minezaki (L) speaks with U.S. Treasury Secretary Timothy Geithner at a gathering of financial chiefs from the Group of 20 leading economies in Busan, South Korea, on June 5, 2010. Minezaki told reporters that Tokyo will set ''very strict'' fiscal restoration goals. (Kyodo)

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Kan mentions possible tax hike ahead of upper house poll

TOKYO, Japan - Kan announces the ruling Democratic Party's manifesto for the upcoming House of Councilors election in a news conference at the DPJ's headquarters in Tokyo on June 17, 2010. Faced with the pressing need to reduce fiscal deficits, he said raising the consumption tax rate to 10 percent is one option. (Kyodo)

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Kan mentions possible tax hike ahead of upper house poll

TOKYO, Japan - Prime Minister Naoto Kan presents the ruling Democratic Party of Japan's manifesto for the upcoming House of Councilors election to the press at the DPJ's headquarters in Tokyo on June 17, 2010. Faced with the pressing need to reduce fiscal deficits, he said raising the consumption tax rate to 10 percent is one option. (Kyodo)

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Protesters rally in Rio against Rousseff

Protesters demanding the resignation of Brazilian President Dilma Rousseff exchange words with a man (center L) supporting her during a rally on the road facing Copacabana Beach in Rio de Janeiro on July 31, 2016, with only five days left to the start of the Olympics in the city. Rousseff has been suspended from office since the beginning in May of impeachment procedures over alleged concealment of budget deficits. (Kyodo) ==Kyodo

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Protesters rally in Rio against Rousseff

Around 1,000 protesters gather on the road facing Copacabana Beach in Rio de Janeiro on July 31, 2016, urging Brazilian President Dilma Rousseff to resign, with only five days left to the start of the Olympics in the city. Rousseff has been suspended from office since the beginning in May of impeachment procedures over alleged concealment of budget deficits. (Kyodo) ==Kyodo

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Protesters rally in Rio against Rousseff

Around 1,000 protesters gather on the road facing Copacabana Beach in Rio de Janeiro on July 31, 2016, urging Brazilian President Dilma Rousseff to resign, with only five days left to the start of the Olympics in the city. Rousseff has been suspended from office since the beginning in May of impeachment procedures over alleged concealment of budget deficits. (Kyodo) ==Kyodo