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Syria's interim Foreign Minister Asaad Hassan al-Shibani Visit To Amman

Syria's interim Foreign Minister Asaad Hassan al-Shibani (L) and Jordan's Minister of Foreign Affairs Ayman Safadi attend a press conference in Amman, Jordan, on Jan. 7, 2025. Syria's interim Foreign Minister Asaad Hassan al-Shibani visited Jordan on Tuesday to discuss security and economic cooperation, marking a shift in bilateral relations following Damascus's recent change in leadership. Photo by Mohammad Abu Ghosh/Xinhua/ABACAPRESS.COM

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Syria's interim Foreign Minister Asaad Hassan al-Shibani Visit To Amman

Syria's interim Foreign Minister Asaad Hassan al-Shibani (L) shakes hands with Jordan's Minister of Foreign Affairs Ayman Safadi in Amman, Jordan, on Jan. 7, 2025. Syria's interim Foreign Minister Asaad Hassan al-Shibani visited Jordan on Tuesday to discuss security and economic cooperation, marking a shift in bilateral relations following Damascus's recent change in leadership. Photo by Mohammad Abu Ghosh/Xinhua/ABACAPRESS.COM

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Syria's interim Foreign Minister Asaad Hassan al-Shibani Visit To Amman

Syria's interim Foreign Minister Asaad Hassan al-Shibani attends a press conference held with Jordan's Minister of Foreign Affairs Ayman Safadi in Amman, Jordan, on Jan. 7, 2025. Syria's interim Foreign Minister Asaad Hassan al-Shibani visited Jordan on Tuesday to discuss security and economic cooperation, marking a shift in bilateral relations following Damascus's recent change in leadership. Photo by Mohammad Abu Ghosh/Xinhua/ABACAPRESS.COM

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Sustainability anchor for development in 21st century, says UNGA president

STORY: Sustainability anchor for development in 21st century, says UNGA president SHOOTING TIME: April 5, 2024 DATELINE: April 8, 2024 LENGTH: 00:04:54 LOCATION: UN Headquarters CATEGORY: POLITICS SHOTLIST: 1. various of the interview with Xinhua at the UN headquarters 2. SOUNDBITE 1 (English): DENNIS FRANCIS, President of the 78th session of the UN General Assembly 3. various of the interview with Xinhua at the UN headquarters 4. SOUNDBITE 2 (English): DENNIS FRANCIS, President of the 78th session of the UN General Assembly 5. various of the interview STORYLINE: "Development in the 21st century will need to be anchored in sustainability," Dennis Francis, president of the 78th session of the UN General Assembly (UNGA), said on Friday. During an exclusive interview with Xinhua at the UN headquarters in New York, Francis emphasized the stark contrast between the development models of the 20th and 21st centuries, stressing the urgent need to shift economic strategies and behaviors towards more sustainable pa

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China's striving for new energy facilitates trade, green development

STORY: China's striving for new energy facilitates trade, green development SHOOTING TIME: Earlier footage DATELINE: Jan. 10, 2024 LENGTH: 0:01:26 LOCATION: Sofia, Dhaka, and CHANGCHUN/GUANGZHOU, China CATEGORY: ECONOMY/TECHNOLOGY/ENVIRONMENT SHOTLIST: 1. New energy cars being assembled at the GAC Group's Aion new energy automotive factory in Guangzhou 2. SOUNDBITE 1 (German): HELMUT STETTNER, CEO, Audi FAW NEV Co., Ltd. 3. SOUNDBITE 2 (English): VESELIN ZAHARIEV, Chief financial officer of Solar Green Energy 4. SOUNDBITE 3 (Chinese): YIN BOBO, Director of the Cox's Bazar Wind Power Plant STORYLINE: China has taken solid steps to advance the green shift in its economic and social development and achieved tangible results. By October 2023, the installed renewable energy capacity in China had topped 1.4 billion kilowatts, accounting for almost half of the country's total installed power generation capacity. The country is also a global leader in the new energy vehicle (NEV) industry, with NEV sales rankin

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Rwanda committed to revamping mining industry for economic expansion, community well-being

STORY: Rwanda committed to revamping mining industry for economic expansion, community well-being SHOOTING DATE: Dec. 13, 2023 DATELINE: Dec. 14, 2023 LENGTH: 00:03:21 LOCATION: Kigali CATEGORY: ECONOMY SHOTLIST: 1. various of miners 2. SOUNDBITE (English): DONAT NSENGUMUREMYI, Manager of Mining Extraction and Inspection Division at Rwanda Mines, Gas and Petroleum Board STORYLINE: Rwanda, despite having abundant mineral deposits, currently mines less than half of its resources. However, the country has determined to enhance its extractives sector by embracing advanced technology to expand mining activities. Donat Nsengumuremyi, the manager of Mining Extraction and Inspection Division at Rwanda Mines, Gas and Petroleum Board, shared insights into their transformative process. He said they have initiated a shift from small-scale to semi-mechanized mining, aiming to enhance recovery both during extraction and processing stages. Nsengumuremyi stressed the need for modern equipment and efficient processes. He

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Erdogan's foreign policy shift stems from financial considerations: expert

STORY: Erdogan's foreign policy shift stems from financial considerations: expert DATELINE: Sept. 29, 2023 LENGTH: 00:01:59 LOCATION: Ankara CATEGORY: POLITICS SHOTLIST: 1. various of Turkish flags 2. various of Turkish lira and U.S. dollar 3. Various of shipping trade in Türkiye 4. SOUNDBITE (English): BATU COSKUN, Ankara-based independent political affairs analyst STORYLINE: Batu Coskun, an independent political affairs analyst based in Ankara, said that the foreign policy change stems from Turkish President Recep Tayyip Erdogan's goal of averting exacerbating economic woes at home. Official data showed that Türkiye's annual inflation rate rose to 58.94 percent in August. Experts have noted that Erdogan, following his election victory in May, has embarked on a foreign policy shift aimed at improving relations with the West, a move that coincides with his country's pursuit of external financing. During the July NATO Summit in Lithuania, Erdogan took the spotlight by endorsing Sweden's entry into the mi

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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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TÜRKIYE-ANKARA-ECONOMIC SHIFT

(230925) -- ANKARA, Sept. 25, 2023 (Xinhua) -- People shop at a local market in Ankara, Türkiye, on Sept. 25, 2023. Türkiye's shift to more conventional economic policies in recent months has fueled cautious optimism, yet the crisis-hit nation faces significant challenges toward recovery, experts have said. (Photo by Mustafa Kaya/Xinhua) TO GO WITH News Analysis: Türkiye's economic shift fuels optimism but challenges persist

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TÜRKIYE-ANKARA-ECONOMIC SHIFT

(230925) -- ANKARA, Sept. 25, 2023 (Xinhua) -- A man shops at a local market in Ankara, Türkiye, on Sept. 25, 2023. Türkiye's shift to more conventional economic policies in recent months has fueled cautious optimism, yet the crisis-hit nation faces significant challenges toward recovery, experts have said. (Photo by Mustafa Kaya/Xinhua) TO GO WITH News Analysis: Türkiye's economic shift fuels optimism but challenges persist

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TÜRKIYE-ANKARA-ECONOMIC SHIFT

(230925) -- ANKARA, Sept. 25, 2023 (Xinhua) -- A woman shops at a local market in Ankara, Türkiye, on Sept. 25, 2023. Türkiye's shift to more conventional economic policies in recent months has fueled cautious optimism, yet the crisis-hit nation faces significant challenges toward recovery, experts have said. (Photo by Mustafa Kaya/Xinhua) TO GO WITH News Analysis: Türkiye's economic shift fuels optimism but challenges persist

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TÜRKIYE-ANKARA-ECONOMIC SHIFT

(230925) -- ANKARA, Sept. 25, 2023 (Xinhua) -- A man shops at a supermarket in Ankara, Türkiye, on Sept. 25, 2023. Türkiye's shift to more conventional economic policies in recent months has fueled cautious optimism, yet the crisis-hit nation faces significant challenges toward recovery, experts have said. (Photo by Mustafa Kaya/Xinhua) TO GO WITH News Analysis: Türkiye's economic shift fuels optimism but challenges persist

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TÜRKIYE-ANKARA-ECONOMIC SHIFT

(230925) -- ANKARA, Sept. 25, 2023 (Xinhua) -- People shop at a local market in Ankara, Türkiye, on Sept. 25, 2023. Türkiye's shift to more conventional economic policies in recent months has fueled cautious optimism, yet the crisis-hit nation faces significant challenges toward recovery, experts have said. (Photo by Mustafa Kaya/Xinhua) TO GO WITH News Analysis: Türkiye's economic shift fuels optimism but challenges persist

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Electricity trading mirrors China's commitment to green shift

STORY: Electricity trading mirrors China's commitment to green shift DATELINE: July 18, 2023 LENGTH: 00:01:44 LOCATION: TAIYUAN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Zhang Shuai working at his office 2. SOUNDBITE 1 (Chinese): ZHANG SHUAI, Electricity trader in Shanxi 3. SOUNDBITE 2 (Chinese): ZHANG SHUAI, Electricity trader in Shanxi STORYLINE: 34-year-old Zhang Shuai is an electricity trader in China's Shanxi Province. His main role is to work out the best scheme for buying and selling electricity in the energy market, to facilitate the efficient distribution of electricity from power producers to consumers. SOUNDBITE 1 (Chinese): ZHANG SHUAI, Electricity trader in Shanxi "Electricity traders should try their best to buy the cheapest electricity in the market, to minimize their wholesale cost. The traders also need to choose a proper market to sell the electricity, so that they could maximize the economic returns." In 2015, China issued a regulation on deepening the reform of the electri

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CHINA-TIANJIN-HEAVY INDUSTRY ENTERPRISES-TRANSITION (CN)

(230606) -- TIANJIN, June 6, 2023 (Xinhua) -- Employees work in the production workshop of the Masterwork Group Co., Ltd. in Beichen District of north China's Tianjin, April 18, 2023. TO GO WITH "Economic Watch: Heavy industrial enterprises eye green, innovative shift" (Xinhua/Li Ran)

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CHINA-TIANJIN-HEAVY INDUSTRY ENTERPRISES-TRANSITION (CN)

(230606) -- TIANJIN, June 6, 2023 (Xinhua) -- An employee works at a storehouse of the Silver Dragon Prestressed Materials Co., Ltd. in Beichen District of north China's Tianjin, March 15, 2023. TO GO WITH "Economic Watch: Heavy industrial enterprises eye green, innovative shift" (Xinhua/Guo Fangda)

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KENYA-NAIROBI-CHINESE-BUILT RAILWAY-TALENTS-TRAINING

(230601) -- NAIROBI, June 1, 2023 (Xinhua) -- Railway workers listen to rules on operation before their shift in Nairobi, Kenya, May 23, 2023. The Mombasa-Nairobi Standard Gauge Railway in Kenya has become a flagship project of China-Africa cooperation, a "business card" of Chinese enterprises and a demonstration project of the Belt and Road Initiative. The 480-km rail line, linking the largest port in East Africa, Mombasa, to Kenya's capital Nairobi, was built by the China Road and Bridge Corporation and officially opened to traffic in 2017. The project has gained trust and support from the Kenyan government and people and injected vitality into the country's socio-economic development, since Africa Star Railway Operation Company (AfriStar), the railway operator, has always been committed to ensuring safe operation, boosting the movement of passengers and goods, and enhancing localization of the project. Chinese experts have been saving no effort in training local staff members and transfer technolo

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Decentralized int'l financial system beneficial for global economy: Putin

STORY: Decentralized int'l financial system beneficial for global economy: Putin DATELINE: May 25, 2023 LENGTH: 0:03:58 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of the plenary session of the second Eurasian Economic Forum in Moscow (courtesy of Kremlin) 2. various of Moscow STORYLINE: Russian President Vladimir Putin said on Wednesday that a shift towards a decentralized international financial system will be beneficial for the global economy. Speaking at the plenary session of the second Eurasian Economic Forum in Moscow, Putin said that many rapidly developing economies are currently shifting towards the use of national currencies in international settlements. "It is important to coordinate joint efforts to create... a new, decentralized global financial system," he said, adding that this switch would be beneficial for the global economy, and would bring stability. A more decentralized financial system would make the world economy "less dependent on crisis phenomena" in countries

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NIGERIA-LAGOS-CHINESE ELECTRIC BUSES-LAUNCH

(230524) -- LAGOS, May 24, 2023 (Xinhua) -- This photo taken on May 23, 2023 shows a Yutong electric bus at a launch ceremony in Lagos, Nigeria. Chinese bus maker Yutong on Tuesday launched the first electric mass transit buses targeting public transport in Lagos, Nigeria's economic hub, as the country prepares for the gradual shift from internal combustion engine-powered vehicles to sustainable electric vehicles (EVs). The project is a collaboration between the Oando Clean Energy Limited, Yutong's partner in Nigeria, and the Lagos Metropolitan Area Transport Authority to start proof-of-concept with two Yutong electric buses on the Bus Rapid Transit road in Lagos. (Photo by Li Peng/Xinhua)

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NIGERIA-LAGOS-CHINESE ELECTRIC BUSES-LAUNCH

(230524) -- LAGOS, May 24, 2023 (Xinhua) -- Guests pose for a group photo at a launch ceremony for Yutong electric buses in Lagos, Nigeria, on May 23, 2023. Chinese bus maker Yutong on Tuesday launched the first electric mass transit buses targeting public transport in Lagos, Nigeria's economic hub, as the country prepares for the gradual shift from internal combustion engine-powered vehicles to sustainable electric vehicles (EVs). The project is a collaboration between the Oando Clean Energy Limited, Yutong's partner in Nigeria, and the Lagos Metropolitan Area Transport Authority to start proof-of-concept with two Yutong electric buses on the Bus Rapid Transit road in Lagos. (Photo by Li Peng/Xinhua)

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Egypt's currency halves in value in 10 months

STORY: Egypt's currency halves in value in 10 months DATELINE: Jan. 12, 2022 LENGTH: 0:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian pound 2. various of banks in Egypt STORYLINE: The Egyptian pound further declined against the U.S. dollar on Wednesday, plunging to below 31 pounds to the dollar before settling at 29.7 in the afternoon. The Egyptian local currency has lost about half of its value since March 2022, when a dollar was worth about 15.7 pounds. Egypt devalued its local currency twice in 2022, the latest of which was in late October. The devaluation is part of the country's "shift to a durable exchange rate regime" demanded by the International Monetary Fund (IMF), which has recently approved a loan of 3 billion dollars to Egypt to finance its economic and structural reforms. Over the past year, Egypt has been facing soaring inflation driven by the global hike in food and energy prices. Egyptian annual urban consumer inflation rose to 21.3 percent in December compar

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Egypt's currency further declines against USD

STORY: Egypt's currency further declines against USD DATELINE: Jan. 5, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of national banks in Egypt 2. various of citizens 3. various of banknotes STORYLINE: The Egyptian pound further weakened against the U.S. dollar whose exchange rate jumped Wednesday from about 24.7 to about 26.49 pounds, according to data on the website of the Central Bank of Egypt (CBE). It is the largest single-day decline of the Egyptian pound's value since the CBE allowed it to drop by about 14.5 percent in late October 2022. The country devalued its currency twice in 2022. The move complies with the country's "shift to a durable exchange rate regime" to contain inflation as a key demand of the International Monetary Fund (IMF), which has recently approved a loan of 3 billion dollars to Egypt to support its economic and structural reforms. The IMF's support package also includes measures to be implemented by Egypt to "reduce the state's footprin

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China's economy to grow more rapidly in 2023: British expert

STORY: China's economy to grow more rapidly in 2023: British expert DATELINE: Dec. 27, 2022 LENGTH: 00:03:10 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views 2. SOUNDBITE 1 (English): JOHN ROSS, Former director of Economic and Business Policy of London 3. various of China's economic development 4. SOUNDBITE 2 (English): JOHN ROSS, Former director of Economic and Business Policy of London 5. various of China's green development 6. SOUNDBITE 3 (English): JOHN ROSS, Former director of Economic and Business Policy of London STORYLINE: The Chinese government has rolled out a string of modified measures based on the evolving pandemic situation and Beijing's drive to better align anti-COVID efforts with economic and social development. China has shifted the focus of its COVID-19 response strategy from infection control to case treatment to prevent severe cases. The shift was made following the weakened pathogenicity of the virus. A British analyst said that the Chinese economy has mainta

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Cuban envoy in Japan eyes strengthening bilateral ties

TOKYO, Japan - Cuban Ambassador to Japan Marcos Rodriguez speaks in an interview at his embassy in Tokyo on Dec. 22, 2014, expressing hopes to strengthen economic and trade ties with Japan following Washington's sudden policy shift toward normalizing relations with Havana.

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High European inflation symptom of deeper economic shift: economist

STORY: High European inflation symptom of deeper economic shift: economist DATELINE: Dec. 7, 2022 LENGTH: 00:02:36 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): Carlo Altomonte, Professor of political economics at Bocconi University in Milan 2. various of the factory 3. various of supermarket 4. various of good in shop STORYLINE: An Italian economist has said that record rates of inflation that have hit European Union (EU) member states this year are a symptom of a wider economic paradigm shift. Inflation in the 19-nation eurozone was 10 percent in November, following a record-high of 10.6 percent the month before, and the highest year-on-year price increases since the creation of the euro currency have all taken place in the last nine months. Carlo Altomonte, professor of political economics at Bocconi University in Milan, said the record price increases are part of a broad economic shift for European countries. This shift is even more extreme than that of the 2008-2009 fina

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China's green development will give a return in future: Russian expert

STORY: China's green development will give a return in future: Russian expert DATELINE: Oct. 8, 2022 LENGTH: 0:01:17 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of mountains and rivers 2. SOUNDBITE (Russian): ALEXEY MASLOV, Head of Institute of Asian and African Studies, Moscow State University STORYLINE: A Russian expert has spoken highly of China's efforts to foster a green and low-carbon economy. China's ecology and environment have seen continued improvement in recent years, thanks to its efforts in readjusting economic structure, advancing a green energy shift and improving the efficiency of energy use. SOUNDBITE (Russian): ALEXEY MASLOV, Head of Institute of Asian and African Studies, Moscow State University "The fact is that in general, the concept of "green" development is one of the most difficult and complex concepts for any country, because in order for the country to develop in an environmentally friendly environment, you must first invest a lot of money. This means that the money

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European countries ready to adjust amid energy crisis, says Italian economist

STORY: European countries ready to adjust as energy crisis deepens, says Italian economist DATELINE: Aug. 27, 2022 LENGTH: 00:03:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of economic-related footage 2. SOUNDBITE (English): RICCARDO PUGLISI, Economist, Department of Political Science, University of Pavia 3. various of economic-related footage STORYLINE: Europe's ongoing energy crisis is likely to have a negative short-term psychological effect on the continent's economic output, a leading Italian economist has said. However, in the long term, this may help spark a permanent shift in consumption patterns, he adds. According to Riccardo Puglisi, an economist in the Department of Political Science at the University of Pavia, the increase in energy prices is having a complex impact on economies. Global energy prices have spiked since the start of the conflict between Russia and Ukraine. This has had a particularly strong impact in Europe, where some of the main economies, including Italy

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China's Shanghai ensures financial operation amid COVID-19 resurgence

STORY: China's Shanghai ensures financial operation amid COVID-19 resurgence DATELINE: April 16, 2022 LENGTH: 0:01:16 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1 various of views in Shanghai amid closed-off management 2 various of the China UnionPay Information Center 3 SOUNDBITE (Chinese): WU WEILONG, China UnionPay staff STORYLINE: Despite normality coming to a halt in China's Shanghai due to the temporary closed-off management following a resurgence in COVID-19 cases, financial institutions and banks in the economic hub have managed to ensure stable operation. Card payment organization China UnionPay has activated an urgent work shift plan and deployed personnel on duty 24 hours a day to ensure normal inter-bank transfer and settlement. SOUNDBITE (Chinese): WU WEILONG, China UnionPay staff "I am working on duty at the China UnionPay Information Center. I'm mainly in charge of monitoring inter-bank transactions, reconciliation and settlement with our partners. More than 10 staff are station

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Japan's new security laws to take effect March 29

(From L) Defense Minister Gen Nakatani, Economic and Fiscal Policy Minister Nobuteru Ishihara, Prime Minister Shinzo Abe, Finance Minister Taro Aso and Shigeru Ishiba, minister in charge of vitalizing local economies, attend a Cabinet meeting in Tokyo on March 22, 2016. The Cabinet decided that new national security laws, which mark a major shift in Japan's postwar security policy, will take effect March 29. (Kyodo) ==Kyodo

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China's vice premier hails Japan's changing stance on Silk Road plan

Chinese Vice Premier Wang Yang (R) and Sadayuki Sakakibara (L), chairman of the Japan Business Federation, hold talks in Beijing on June 12, 2017. Wang welcomed Japan's shift to a more cooperative stance regarding Beijing's initiative to build closer economic links along and beyond the ancient Silk Road. (Kyodo) ==Kyodo