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Sharp Decline in Seoul Stocks - South Corea

Traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, April 7, 2025. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Sharp Decline in Seoul Stocks - South Corea

This photo taken on April 7, 2025 shows a screen at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Sharp Decline in Seoul Stocks - South Corea

A trader is seen in front of a screen at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, April 7, 2025. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Commercial Residential Buildings in Nanjing

NANJING, CHINA - AUGUST 15, 2024 - Aerial photo taken on August 15, 2024 shows commercial residential buildings in Nanjing, East China's Jiangsu province. The National Bureau of Statistics announced July 15 70 large and medium-sized cities commodity housing sales price changes, data show that commodity housing sales prices fell month-on-month, year-on-year decline overall slightly expanded, of which first-tier cities second-hand housing sales prices year-on-year decline continued to narrow.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Real Estate Market in Lianyungang

LIANYUNGANG, CHINA - JULY 15, 2024 - Aerial photo shows residential buildings in Ganyu District of Lianyungang city, East China's Jiangsu province, July 15, 2024. On the same day, the National Bureau of Statistics released data showing that in June 2024, among 70 large and medium-sized cities, the month-on-month decline in the sales prices of commercial residential buildings in all cities narrowed overall; Year-on-year decline, of which the first-tier cities of second-hand housing year-on-year decline narrowed.

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Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: File DATELINE: May 24, 2024 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish central bank STORYLINE: Türkiye's central bank announced on Thursday that it would keep its interest rate unchanged at 50 percent, which is in line with market expectations. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged but reiterated that it remains highly attentive to inflation risks," the bank said in a statement. The bank said that the underlying trend of monthly inflation registered a limited decline in April, while the recent indicators point to a slowdown in domestic demand compared to the first quarter. Meanwhile, consumption goods imports increased in April, limiting the improvement in the current account balance.

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Japan's economy contracts annualized 2 pct in January-March

STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

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Australian scam losses decline in 2023: gov't report

STORY: Australian scam losses decline in 2023: gov't report SHOOTING TIME: April 29, 2024 DATELINE: April 29, 2024 LENGTH: 00:01:02 LOCATION: Canberra CATEGORY: LAW SHOTLIST: 1. various of Australian federal police station 2. various of Australian banks 3. various of fraud messages 4. various of card payments 5. various of city views of Canberra STORYLINE: Australians lost billions of dollars to a record number of reported scams in 2023, government data has revealed. The Australian Competition and Consumer Commission (ACCC) on Monday published its annual Targeting Scams report, revealing Australians reported over 601,000 scams in 2023, a new record and 18.5 percent increase from 2022. Despite an increase in the number of reported scams, reported losses to scams fell from 3.15 billion Australian dollars (2.06 billion U.S. dollars) in 2022 to 2.74 billion AUD (1.79 billion dollars) in 2023, a decline of 13 percent. It marks the first time since 2016 that scam losses have fallen from the previous

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Chinese company lights up hope for Surinamese villages

STORY: Chinese company lights up hope for Surinamese villages SHOOTING TIME: March 31, 2024 DATELINE: April 11, 2024 LENGTH: 00:01:10 LOCATION: Paramaribo CATEGORY: SOCIETY SHOTLIST: 1. various of Botopasi village in Suriname 2. various of solar panels installed by the Power Construction Corporation of China in Botopasi village 3. SOUNDBITE 1 (English): POTTER, Botopasi villager 4. SOUNDBITE 2 (Chinese): XIONG ZEKUN, Project Manager, Power China's American branch STORYLINE: Botopasi village in Suriname, deep in the Amazon rainforest, faced a population decline due to challenges like lack of electricity, prompting many residents to move to the capital. A rural microgrid project by the Power Construction Corporation of China (Power China) is bringing change. With authorization from the Surinamese government, Power China completed the first phase of the project in Goejaba village in 2020. Phase 2, currently under construction, aims to extend benefits to several villages, including Botopasi, delivering cle

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers attend a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers line up to enter a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers attend a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers attend a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers attend a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-CAREER FAIR-UNEMPLOYMENT

(240301) -- TORONTO, March 1, 2024 (Xinhua) -- Job seekers attend a career fair in Toronto, Canada, on Feb. 29, 2024. A career fair was held here on Thursday, attracting hundreds of job seekers. Canada's unemployment rate fell 0.1 percentage point to 5.7 percent in January, the first decline since December 2022, Statistics Canada said. (Photo by Zou Zheng/Xinhua)

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New evidence of Japan's germ war atrocities made public in NE China

STORY: New evidence of Japan's germ war atrocities made public in NE China DATELINE: Aug. 7, 2023 LENGTH: 00:01:25 LOCATION: HARBIN, China CATEGORY: POLITICS/MILITARY SHOTLIST: 1. various of the "Original Book of the Harbin First Army Hospital of the Japanese Army" 2. SOUNDBITE (Chinese): JIN SHICHENG, Researcher STORYLINE: A new evidence of human experiments and germ war crimes by Japan's notorious Unit 731 was revealed for the first time at a symposium held on Saturday in Mudanjiang City, northeastern China's Heilongjiang Province. The new evidence, called the "Original Book of the Harbin First Army Hospital of the Japanese Army," is a detailed record of the establishment, operation, decline and demobilization of the hospital from July 1941 to October 1945. SOUNDBITE (Chinese): JIN SHICHENG, Researcher "The document helped us understand the relationship between the hospital and Unit 731. Through the study and research on the new archives, we've found that the establishment and expansion of Unit 731 not

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Türkiye's inflation rate rises to 47.83 pct in July

STORY: Türkiye's inflation rate rises to 47.83 pct in July DATELINE: Aug. 4, 2023 LENGTH: 00:01:03 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish people on the streets 2. various of Turkish lira 3. various of Turkish people shopping in a fresh vegetable bazaar 4. various of Turkish lira STORYLINE: The annual inflation rate of Türkiye rose to 47.83 percent in July, marking the first increase since October last year, according to official statistics issued on Thursday. The consumer price index (CPI) in July rose to 47.83 percent annually and 9.49 percent monthly, according to the Turkish Statistic Institute. The CPI experienced an 8-month consecutive decline from a peak of 85.51 percent in October 2022 to 38.21 percent in June 2023. Türkiye's central bank revised its year-end inflation forecast to 58 percent last week, up from the previous forecast of 22.3 percent made in May. The bank's new governor, Hafize Gaye Erkan, said the bank would continue the monetary tightening process unti

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Myanmar reports 6,685 dengue cases, gears up to combat dengue virus

STORY: Myanmar reports 6,685 dengue cases, gears up to combat dengue virus DATELINE: July 29, 2023 LENGTH: 00:03:11 LOCATION: YANGON, Myanmar CATEGORY: HEALTH SHOTLIST: 1. various of the measures to combat dengue virus in Yangon 2. various of spraying anti-mosquito fog in Yangon STORYLINE: Myanmar saw a sharp decline in dengue fever cases and fatalities this year, with 6,685 cases and 30 deaths reported as of July 15, according to the Ministry of Health. While the country was previously among those with the highest dengue fever infections in Southeast Asia, this year's numbers are notably lower compared to the infections reported last year, said the ministry on Friday. "The number of infections till this time (July) of last year was relatively high," Than Naing Soe, spokesperson for the Ministry of Health, told Xinhua on Friday. Soe attributed the decline to the strenuous efforts taken at the beginning of the year, including measures to combat the dengue virus. "First, we combated dengue by killing mos

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TSMC 2023 Q2 Net Profit Fell

NANJING, CHINA - JULY 19, 2023 - Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms.

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TSMC 2023 Q2 Net Profit Fell

NANJING, CHINA - JULY 19, 2023 - Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms.

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TSMC 2023 Q2 Net Profit Fell

NANJING, CHINA - JULY 19, 2023 - Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms.

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TSMC 2023 Q2 Net Profit Fell

NANJING, CHINA - JULY 19, 2023 - Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms.

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TSMC 2023 Q2 Net Profit Fell

NANJING, CHINA - JULY 19, 2023 - Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms.

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Kenya's coffee exports earnings fall on low global prices

STORY: Kenya's coffee exports earnings fall on low global prices DATELINE: June 15, 2023 LENGTH: 00:02:25 LOCATION: NYERI, Kenya CATEGORY: ECONOMY SHOTLIST: 1. various of a coffee plantation 2. various of coffee bushes 3. various of ripe coffee berries 4. various of a farmer inspecting coffee bushes 5. various of a farmer picking ripe coffee berries 6. various of farmers sorting coffee berries 7. various of farmers drying the coffee beans 8. various of cups of coffee with different varieties 9. various of processed coffee in packets 10. various of coffee bags being packed for export STORYLINE: The value of Kenya's coffee earnings in the first quarter of 2023 (Q1) dropped 20.2 percent amid a decline in export volumes and global prices, the Kenya National Bureau of Statistics (KNBS) said in an economic report released Tuesday. The country earned 7.63 billion shillings (about 55 million U.S. dollars) from 11,284 metric tons (MT) of coffee, a decline from 69 million dollars from 11,923 MT in Q1 of 2022, KNBS

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Illustration: TSMC

SUQIAN, CHINA - JUNE 6, 2023 - Illustration: TSMC, Suqian, Jiangsu Province, China, June 6, 2023. TSMC expects a 10 per cent year-on-year decline in revenue in the first half of 2023.

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Illustration: TSMC

SUQIAN, CHINA - JUNE 6, 2023 - Illustration: TSMC, Suqian, Jiangsu Province, China, June 6, 2023. TSMC expects a 10 per cent year-on-year decline in revenue in the first half of 2023.

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Illustration: TSMC

SUQIAN, CHINA - JUNE 6, 2023 - Illustration: TSMC, Suqian, Jiangsu Province, China, June 6, 2023. TSMC expects a 10 per cent year-on-year decline in revenue in the first half of 2023.

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Illustration: TSMC

SUQIAN, CHINA - JUNE 6, 2023 - Illustration: TSMC, Suqian, Jiangsu Province, China, June 6, 2023. TSMC expects a 10 per cent year-on-year decline in revenue in the first half of 2023.