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JR East raises fares by 7.1%

A worker replaces a fare board at JR Tokyo Station after East Japan Railway Co. raised its fares by an average of 7.1 percent on March 14, 2026, its first hike since the major rail company's privatization in 1987.

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JR East raises fares by 7.1%

A worker replaces a fare board at JR Tokyo Station after East Japan Railway Co. raised its fares by an average of 7.1 percent on March 14, 2026, its first hike since the major rail company's privatization in 1987.

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JR East raises fares by 7.1%

A worker replaces a fare board at JR Tokyo Station after East Japan Railway Co. raised its fares by an average of 7.1 percent on March 14, 2026, its first hike since the major rail company's privatization in 1987.

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XINHUA PHOTOS OF THE DAY

(240627) -- BEIJING, June 27, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Xinhua/ABACAPRESS.COM/Wang Guansen)

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XINHUA PHOTOS OF THE DAY

(240627) -- BEIJING, June 27, 2024 (Xinhua) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. (Xinhua/Wang Guansen)

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At Least 5 Dead As Crowd Tries To Storm Parliament - Nairobi

Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Wang Guansen/xinhua/ABACAPRESS.COM

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At Least 5 Dead As Crowd Tries To Storm Parliament - Nairobi

Anti-riot police fire tear gas to disperse demonstrators during an anti-tax hike protest in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Wang Guansen/xinhua/ABACAPRESS.COM

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At Least 5 Dead As Crowd Tries To Storm Parliament - Nairobi

Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Wang Guansen/xinhua/ABACAPRESS.COM

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Anti-riot police fire tear gas to disperse demonstrators during an anti-tax hike protest in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Xinhua/ABACAPRESS.COM/Wang Guansen)

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Xinhua/ABACAPRESS.COM/Wang Guansen)

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. Photo by Xinhua/ABACAPRESS.COM/Wang Guansen)

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 (Xinhua) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. (Xinhua/Wang Guansen)

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 (Xinhua) -- Demonstrators protest against tax hike in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. (Xinhua/Wang Guansen)

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KENYA-NAIROBI-ANTI-TAX HIKE PROTESTS

(240626) -- NAIROBI, June 26, 2024 (Xinhua) -- Anti-riot police fire tear gas to disperse demonstrators during an anti-tax hike protest in downtown Nairobi, capital of Kenya, June 25, 2024. At least five protestors were shot dead and more than 150 others injured in Kenya on Tuesday as protests erupted countrywide for the second week in a row against new taxation measures proposed by President William Ruto's administration. In Nairobi, at least four protestors were killed as they stormed parliament buildings, a few hours after the lawmakers passed a contentious law that seeks to raise taxes, while the first person was shot on the streets in the capital. (Xinhua/Wang Guansen)

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Türkiye's exports reach over 19 bln USD in April

STORY: Türkiye's exports reach over 19 bln USD in April SHOOTING TIME: May 3, 2024 DATELINE: May 4, 2024 LENGTH: 0:01:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of shipping trade in Türkiye STORYLINE: Türkiye's exports slightly increased by 0.13 percent annually in April, amounting to 19.3 billion U.S. dollars, a cabinet minister said on Friday, citing preliminary data. "It is a limited increase, but this is mainly because factories are closed for the first half of April during the one-week Ramadan holiday," Turkish Trade Minister Omer Bolat said at a press conference. Imports rose by 4.24 percent year-on-year to 29.17 billion dollars in April, he said, adding, "We managed to keep it below the limit of 30 billion dollars." In the January-April period, the country's overseas shipments totaled 82.9 billion dollars, up by 2.7 percent from the prior year, Bolat said. Türkiye's trade balance posted a deficit of 9.9 billion dollars in April, with an annual hike of 13.3 percent, he ad

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Bank of Japan keeps interest rate unchanged, yen sinks below 156

STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

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Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1

STORY: Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:33 LOCATION: HONG KONG, China CATEGORY: TOURISM SHOTLIST: 1. various of people at the check points 2. various of people in the streets of Hong Kong 3. various of firework show in Hong Kong STORYLINE: Hong Kong recorded over 11.23 million visitor arrivals in the first quarter this year, a 1.5-fold increase year-on-year and a 5-percent quarter-on-quarter hike, the Hong Kong Tourism Board (HKTB) announced on Tuesday, citing preliminary statistics. The figure reflects that the number of tourists registered a steady growth, the HKTB said. There were some 3.4 million tourist arrivals in March, up 40 percent from the previous year. Among them, more than 2.46 million were from the Chinese mainland, a year-on-year increase of 25.4 percent. Non-mainland visits exceeded 930,000, up 92.1 percent year-on-year, it added. The Tourism Board also announced that starting from May, it

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Chinese electric buses introduced to Ethiopia to advance green transport agenda

STORY: Chinese electric buses introduced to Ethiopia to advance green transport agenda SHOOTING TIME: March 26, 2024 DATELINE: April 2, 2024 LENGTH: 00:01:15 LOCATION: Addis Ababa CATEGORY: ENVIRONMENT SHOTLIST: 1. various of electric buses 2. SOUNDBITE 1 (Amharic): NAOL ABERA, Passenger 3. SOUNDBITE 2 (Amharic): MOHAMED MUSSA, Electric bus driver STORYLINE: Naol Abera was among the first passengers to board an electric bus for a recent journey from the Bole airport area to Shiro Meda in Addis Ababa, Ethiopia's capital. These electric buses were assembled by a local company using components imported from China. The Ethiopian government has allowed duty-free importation of EV components to promote the use of EVs and facilitate technology transfer in response to a global fuel price hike and climate change. SOUNDBITE 1 (Amharic): NAOL ABERA, Passenger "I am thrilled to see electric vehicles are introduced in Ethiopia. I believe that such kinds of vehicles would bring a positive impact on climate change.

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JAPAN-INTEREST RATE POLICY

(240319) -- TOKYO, March 19, 2024 (Xinhua) -- The Bank of Japan is pictured in Tokyo, Japan, March 19, 2024. The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. (Xinhua/Zhang Xiaoyu)

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JAPAN-INTEREST RATE POLICY

(240319) -- TOKYO, March 19, 2024 (Xinhua) -- A man walks past the Bank of Japan in Tokyo, Japan, March 19, 2024. The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. (Xinhua/Zhang Xiaoyu)

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Bank of Japan ends negative interest rates in historic policy overhaul

STORY: Bank of Japan ends negative interest rates in historic policy overhaul SHOOTING TIME: Earlier footage DATELINE: March 19, 2024 LENGTH: 0:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Japan 2. various of city views in Tokyo STORYLINE: The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. After a two-day policy meeting, the central bank's policy board decided to guide short-term rate to a range of 0 to 0.1 percent, up a fraction from minus 0.1 to 0 percent, judging that its goal of attaining a stable 2 percent inflation is "in sight." "It came into sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner," the BOJ said in a post-meeting statement. On top of returning to positive rates, the BOJ also decided to scrap it

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Türkiye raises gasoline, diesel prices

STORY: Türkiye raises gasoline, diesel prices SHOOTING TIME: Recent footage DATELINE: March 15, 2024 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of transportation in Istanbul, Türkiye 2. various of gas station in Istanbul 3. various of local residents in Istanbul STORYLINE: Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at 42.06 Turkish liras (1.31 U.S. dollars) and 41.86 liras, respectively, Turkish up-market newspaper Cumhuriyet Daily reported. According to the report, behind the new hike lies the surging price of Brent crude, which hit a four-month high above 85 dollars per barrel on Thursday. Oguz Demir, an economist and former academic at the Istanbul Commerce University, said on his social media account that "only in the first two and a half months of this year, the increase in gasoline prices (in Türkiye) has approached 22 percent." "At t

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Illustration of a Louvre ticket in Paris, France on December 12, 2023. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Illustration of a Louvre ticket in Paris, France on December 12, 2023. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

The statue penis at the Louvre museum on December 12, 2023. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors take pictures of Mona Lisa (La Joconde) painting with their phonesat the Louvre Museum on December 12, 2023 In Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors around the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

The statue penis at the Louvre museum on December 12, 2023. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors queuing to enter the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors around the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Louvre Raises Ticket Prices by Nearly 30 Percent - Paris

Visitors around the Louvre Museum on December 12, 2023 in Paris, France. Visiting the Louvre will soon cost more than ever, as the world's biggest museum seeks to cover rising costs without lifting caps on crowds. Ticket prices are set to climb from € 17 to € 22 next month, an increase of nearly 30 percent. The hike, which comes into effect from 15 January, is the first time the museum has raised its prices since 2017. It comes around six months before the 2024 Paris Olympics, which are expected to flood the French capital with tourists from around the world. Photo by Alexis Jumeau/ABACAPRESS.COM

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Türkiye's central bank expected to hike interest rate: media

STORY: Türkiye's central bank expected to hike interest rate: media DATELINE: July 20, 2023 LENGTH: 0:00:32 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of Istanbul STORYLINE: Türkiye's central bank is likely to raise its main interest rate by 500 basis points to 20 percent, economists told the state-run Anadolu news agency on Wednesday. The bank's rate decision will be announced on Thursday at 2 p.m. local time (1100 GMT). Marek Drimal, an expert at Societe Generale's Emerging Markets Strategy research team, predicted that the central bank's rate decision would be compatible with its policy of gradual return to the economic orthodoxy. He forecast the bank would increase its rate to 20 percent from 15 percent, according to Anadolu. Last month, the bank, led by its new governor Hafize Gaye Erkan, raised the interest rate from 8.5 percent to 15 percent, the first such hike in more than two years. The rate hike marks a return to more orthodox mon

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Experts say Türkiye's return to conventional economy to take time

STORY: Expert says Türkiye's return to conventional economy to take time DATELINE: July 7, 2023 LENGTH: 00:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Türkiye (courtesy of ihlas news agency) 2. various of Turkish central bank 3. various of Turkish lira 4. SOUNDBITE 1 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 5. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 6. SOUNDBITE 3 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University STORYLINE: Since winning reelection in May, Türkiye's President Recep Tayyip Erdogan has replaced the country's central bank governor and the minister of treasury and finance with market-friendly figures to address the cost of living crisis. On June 22, the central bank raised the interest rates from 8.5 percent to 15 percent, the first hike in more than two years that was welcomed by the market as a return to economic orthodox even though investors expected more. However,

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TÜRKIYE-BENCHMARK INTEREST RATE HIKE

(230623) -- ANKARA, June 23, 2023 (Xinhua) -- This photo taken on June 22, 2023 shows a view of Turkish central bank in Ankara, Türkiye. The Turkish central bank implemented a significant interest rate hike on Thursday, marking the first increase in over two years and indicating an exit from the current unconventional economic measures. But economists pointed out that interest hikes alone could not solve the economic crisis Türkiye faces. (Photo by Mustafa Kaya/Xinhua)

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Fed's aggressive actions contribute to recent U.S. bank failures: experts

STORY: Fed's aggressive actions contribute to recent U.S. bank failures: experts DATELINE: May 9, 2023 LENGTH: 0:02:30 LOCATION: NEW YORK, U.S./London CATEGORY: POLITICS SHOTLIST: 1. various of the press conference at the U.S. Federal Reserve 2. various of branches of Silicon Valley Bank, Signature Bank and First Republic Bank 3. SOUNDBITE 1 (English): CHARLES READ, Scholar in economics and history at the University of Cambridge 4. SOUNDBITE 2 (English): BRENDAN AHERN, Chief Investment Officer of U.S.-based asset management firm Krane Funds Advisors STORYLINE: The U.S. Federal Reserve has implemented the 10th interest rate hike in about a year. The Fed's historical tightening, which has pushed the central bank's benchmark rate to its highest in nearly 16 years, has resulted in some "side effects," notably in the banking industry. Many economists and analysts believe that the Fed's aggressive actions played a role in the recent failures of three U.S. banks and that more regulations are needed to prevent t

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Australian central bank halts rate hike

STORY: Australian central bank halts rate hike DATELINE: April 5, 2023 LENGTH: 00:00:53 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney 2. various of the Reserve Bank of Australia (RBA) and other banks STORYLINE: Australia's central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that the cash rate target will remain unchanged at 3.60 percent and the interest rate on exchange settlement balances will also remain unchanged at 3.50 percent. The decision to leave the cash rate on hold is the first time in a year after 10 consecutive rises, which raised the interest rate by 3.5 percentage points since May last year in a bid to curb the skyrocketing inflation. According to the latest data from the Australian Bureau of Statistics, the monthly Consumer Price Index (CPI) indicator rose 6.8 percent in the 12 months to February, down from 7.4 percent annual growth in January and the peak of 8.4 percent last December. The RBA said the decision is in a bid to provide fur

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Japan enacts record-high budget amid political, public backlash to soaring defense outlays

STORY: Japan enacts record-high budget amid political, public backlash to soaring defense outlays DATELINE: March 29, 2023 LENGTH: 0:00:46 LOCATION: Tokyo CATEGORY: POLITICS SHOTLIST: 1. various of people protesting against rising defence outlays STORYLINE: Japan's parliament on Tuesday enacted a record 114.38 trillion yen (874.77 billion U.S. dollar) budget for fiscal 2023, including record allocations for controversial defense spending plans amid political and public opposition and against a backdrop of the country's dire fiscal health. The government's budget includes a record 6.82 trillion yen (52.15 billion dollars) in defense spending, a 20 percent hike and the highest on record, for the first year of a controversial and unprecedented five-year spending plan. The five-year plan has drawn staunch criticism from the public, opposition parties and scholars, in no small part due to the plan running contrary to Japan's constitutionally-bound pacifist stance. For the year from April, non-tax re

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Japan's government holds meeting on wage hike

Japanese Prime Minister Fumio Kishida (second from L) speaks at a government meeting on wage hikes with representatives from the business community and the labor unions held for the first time in eight years in Tokyo on March 15, 2023.

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Japan's government holds meeting on wage hike

Japanese Prime Minister Fumio Kishida (far R) and Tomoko Yoshino (far L), head of the Japanese Trade Union Confederation known as Rengo, attend a government meeting on wage hikes in Tokyo on March 15, 2023, with representatives from the business community and the labor unions. The meeting was held for the first time in eight years.

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Japan's government holds meeting on wage hike

Japanese Prime Minister Fumio Kishida speaks at a government meeting on wage hikes attended by representatives from the business community and the labor unions in Tokyo on March 15, 2023. The meeting was held for the first time in eight years.