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Kultaranta-keskustelut 16.-17.6.

Vice Minister for Foreign Affairs of Thailand Russ Jalichandra at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Prime Cabinet Secretary of Kenya Musalia Mudavadi at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Benin Olushegun Adjadi Bakari at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Vice Minister for Foreign Affairs of Thailand Russ Jalichandra at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Prime Cabinet Secretary of Kenya Musalia Mudavadi at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

(L-R) Minister of Foreign Affairs of Benin Olushegun Adjadi Bakari, Prime Cabinet Secretary of Kenya Musalia Mudavad, Minister for Foreign Affairs of Finland Elina Valtonen, Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco and Vice Minister for Foreign Affairs of Thailand Russ Jalichandra and Moderator, journalist Fareed Zakaria discuss at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Benin Olushegun Adjadi Bakari at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Vice Minister for Foreign Affairs of Thailand Russ Jalichandra at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

(L-R) Minister of Foreign Affairs of Benin Olushegun Adjadi Bakari, Prime Cabinet Secretary of Kenya Musalia Mudavad, Minister for Foreign Affairs of Finland Elina Valtonen, Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco and Vice Minister for Foreign Affairs of Thailand Russ Jalichandra discuss at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

(L-R) Minister of Foreign Affairs of Benin Olushegun Adjadi Bakari, Prime Cabinet Secretary of Kenya Musalia Mudavad, Minister for Foreign Affairs of Finland Elina Valtonen, Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco and Vice Minister for Foreign Affairs of Thailand Russ Jalichandra discuss at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Minister of Foreign Affairs of Costa Rica Arnoldo Andre Tinoco at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Vice Minister for Foreign Affairs of Thailand Russ Jalichandra at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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Kultaranta-keskustelut 16.-17.6.

Vice Minister for Foreign Affairs of Thailand Russ Jalichandra at the annual Kultaranta Talks -debate session Accumulation of Shocks at the Global Level - What the West Should Understand at the President's summer residence Kultaranta in Naantali, Finland, on June 16, 2025. LEHTIKUVA / RONI REKOMAA - FINLAND OUT. NO THIRD PARTY SALES. (Credit:Roni Rekomaa/Lehtikuva/Kyodo News Images)

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African leaders urge global financial system reform to address debt, climate risks

STORY: African leaders urge global financial system reform to address debt, climate risks SHOOTING TIME: May 27, 2024 DATELINE: May 30, 2024 LENGTH: 00:03:28 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of establishments of the conference 2. various of African leaders at the conference 3. SOUNDBITE 1 (English): WILLIAM RUTO, Kenyan President 4. various of African Presidents at the conference 5. various of delegates 6. SOUNDBITE 2 (English): AKINWUMI ADESINA, President of African Development Bank STORYLINE: African leaders on Wednesday renewed calls for reforms to the global financial architecture, emphasizing the need for it to be more responsive to the continent's destabilizing debt and climate vulnerabilities. Meeting in Nairobi, Kenya, the leaders said there is a need for changes as African countries are struggling with high financing interest rates, climate shocks and constrained government revenues. SOUNDBITE 1 (English): WILLIAM RUTO, Kenyan President "A better, more responsive,

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Italy's economy performs well but slowdown expected: IMF

STORY: Italy's economy performs well but slowdown expected: IMF SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of stores in Rome STORYLINE: The International Monetary Fund (IMF) on Monday said that while Italy had good recoveries from economic shocks in recent years, the economy's prospects were only "moderate" going forward. In its annual Staff Concluding Statement, the IMF said that Italy recovered from the back-to-back shocks of the coronavirus pandemic and the spike in energy prices sparked by the Ukraine crisis and that as of the end of the first quarter of this year, its economy was 4.5 percent larger than before the pandemic -- "a stronger performance than in other large euro-area countries," the IMF said in a statement. That growth, the fund said, was fueled by a recovery in tourism, tax credits, and projects funded by European Union (EU) pandemic recovery loans and grants. But the IMF said Italy was unlikely to

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6.4-magnitude earthquake shocks Afghanistan, no immediate reports of casualties

STORY: 6.4-magnitude earthquake shocks Afghanistan, no immediate reports of casualties SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:27 LOCATION: Kabul CATEGORY: OTHERS SHOTLIST: 1. various of Faizabad city, the capital of Badakhshan province STORYLINE: An earthquake with a magnitude of 6.4 jolted north Afghanistan on Thursday with no immediate reports of damage or casualties. With the epicenter being in Jurm district of the northern Badakhshan province, the tremor took place at 01:57 p.m. local time. The U.S. Geological Survey (USGS) said the epicenter of the quake, with a depth of 206.6 km, was initially determined to be at 36.51 degrees north latitude and 70.60 degrees east longitude. The earthquake was also felt in Badakhshan's neighboring Takhar, Kunduz, Balkh, Baghlan and Samangan provinces as well as the eastern Laghman and Nangarhar provinces. In Afghanistan's capital city Kabul, local residents, feeling the tremors, rushed into the streets to escape the possibl

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China is a very resilient economy: Pakistani official

STORY: China is a very resilient economy: Pakistani official SHOOTING TIME: Dec. 6, 2023 DATELINE: Dec. 8, 2023 LENGTH: 00:02:01 LOCATION: Islamabad CATEGORY: ECONOMY SHOTLIST: 1. file footages of Chinese cities 2. SOUNDBITE (English): ASAD ALI SHAH, Deputy chief of Economic Research and International Cooperation Section, Pakistan's Ministry of Planning, Development and Special Initiatives STORYLINE: China's economic performance shows great resilience in the face of external shocks and plays a crucial role in sustaining global economic activity, an official with Pakistan's Ministry of Planning said in a recent interview. SOUNDBITE (English): ASAD ALI SHAH, Deputy chief of Economic Research and International Cooperation Section, Pakistan's Ministry of Planning, Development and Special Initiatives "I think China's overall economic performance is very satisfactory. China is a very resilient economy. China's opening up policy, China is integrated with the rest of the world, China is signing more FTAs with di

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Somali activists call for robust action to tackle climate challenges

STORY: Somali activists call for robust action to tackle climate challenges DATELINE: Sept. 2, 2023 LENGTH: 0:01:47 LOCATION: Mogadishu CATEGORY: ENVIRONMENT/POLITICS SHOTLIST: 1. various of human rights officers conducting a session at a three-day training on climate change and human rights 2. various of participants attending the training 3. SOUNDBITE 1 (Somali): ABDILATIF HUSSEIN OMAR, Executive director of Action for Environment 4. various of participants attending the training 5. SOUNDBITE 2 (Somali): SUWEYDA MOHAMED ABDI, Chairperson of the Green Light Association STORYLINE: Young activists from Somalia wrapped up a three-day training session in the capital of Mogadishu Thursday, calling for effective action to combat the negative impacts of climate change on vulnerable groups across the country. The 22 young activists who spoke at the UN-backed training on the nexus between human rights and climate change said the country has been experiencing a humanitarian crisis due to climate shocks which ha

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Chinese, African scientists call for climate-resilient food systems to beat hunger

STORY: Chinese, African scientists call for climate-resilient food systems to beat hunger DATELINE: June 27, 2023 LENGTH: 00:03:00 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of UNEP Headquarters in Nairobi 2. various of the conference 3. SOUNDBITE 1 (Chinese): ZHANG LINXIU, Director of UN Environment Programme-International Ecosystem Management Partnership (UNEP-IEMP) 4. SOUNDBITE 2 (English): AGGIE KONDE, Vice president of Program Innovation & Deliver at the Nairobi-based Alliance for Green Revolution in Africa (AGRA) 5. various of delegates taking group photos and logos STORYLINE: Chinese and African scientists on Monday renewed the call for upscaling farming systems that are in harmony with nature and resilient to climatic shocks in order to overcome hunger and malnutrition. Speaking at a forum in the Kenyan capital of Nairobi, the scientists acknowledged Africa's growing hunger crisis, stressing that a durable solution hinged on transiting to climate-smart food production methods. Yan Z

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KENYA-NAIROBI-CLIMATE-ECOSYSTEMS-LIVELIHOODS-CONFERENCE

(230626) -- NAIROBI, June 26, 2023 (Xinhua) -- Susan Gardner, the director of Ecosystems Division of the United Nations Environment Programme (UNEP), speaks at the third conference on climate, ecosystems, and livelihoods in Nairobi, Kenya, on June 26, 2023. Chinese and African scientists on Monday renewed the call for upscaling farming systems that are in harmony with nature and resilient to climatic shocks in order to overcome hunger and malnutrition. (Xinhua/Li Yahui)

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KENYA-NAIROBI-CLIMATE-ECOSYSTEMS-LIVELIHOODS-CONFERENCE

(230626) -- NAIROBI, June 26, 2023 (Xinhua) -- Yan Zhuang (L), the director of the International Cooperation Program at the Chinese Academy of Sciences, speaks at the third conference on climate, ecosystems, and livelihoods in Nairobi, Kenya, on June 26, 2023. Chinese and African scientists on Monday renewed the call for upscaling farming systems that are in harmony with nature and resilient to climatic shocks in order to overcome hunger and malnutrition. (Xinhua/Li Yahui)

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KENYA-NAIROBI-CLIMATE-ECOSYSTEMS-LIVELIHOODS-CONFERENCE

(230626) -- NAIROBI, June 26, 2023 (Xinhua) -- Photo taken on June 26, 2023 shows the third conference on climate, ecosystems, and livelihoods in Nairobi, Kenya. Chinese and African scientists on Monday renewed the call for upscaling farming systems that are in harmony with nature and resilient to climatic shocks in order to overcome hunger and malnutrition. (Xinhua/Li Yahui)

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Kenya pledges enhanced safety nets for vulnerable population

STORY: Kenya pledges enhanced safety nets for vulnerable population DATELINE: April 6, 2023 LENGTH: 0:02:05 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of the 2023 Kenya Social Protection Conference 2. SOUNDBITE (English): WILLIAM RUTO, Kenyan President 3. various of Kenya 4. various of the 2023 Kenya Social Protection Conference STORYLINE: Kenyan President William Ruto on Tuesday reiterated his administration's commitment to expanding safety nets for vulnerable populations, including the elderly, children, persons with disability, youth, and women. Speaking at the 2023 Kenya Social Protection Conference in Nairobi, Ruto said a supportive policy and legislative framework is already in place, to facilitate investments in safety nets tailor-made for the poor and marginalized citizens grappling with multiple shocks. "In line with our economic transformation agenda that is people-centric, the government will allocate sufficient resources to ensure that vulnerable citizens have access to food, de

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European banks remain vulnerable to financial sector shocks: analysts

STORY: European banks remain vulnerable to financial sector shocks: analysts DATELINE: April 3, 2023 LENGTH: 0:02:01 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of European banks 2. SOUNDBITE 1 (English): LORENZO FORNI, Professor of economic policy from Italy's University of Padua 3. various of Credit Suisse 4. various of Silicon Valley Bank 5. various of Signature Bank 6. SOUNDBITE 2 (English): LORENZO CODOGNO, Chief economist of LC Macro Investors Ltd. 7. various of Deutsche Bank STORYLINE: European banks are better prepared than those elsewhere in the world for crises such as the failure of two regional banks in the United States earlier this month. However, analysts say they remain vulnerable to changes in consumer confidence, and weaknesses in the financial sector. SOUNDBITE 1 (English): LORENZO FORNI, Professor of economic policy from Italy's University of Padua "The deep root of these financial events is related to confidence. I mean, you can have very strong fundamentals, but you know,

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Addressing global supply chain concerns at BFA: Oliver Wyman partner

STORY: Addressing global supply chain concerns at BFA: Oliver Wyman partner DATELINE: March 27, 2023 LENGTH: 00:01:02 LOCATION: HAIKOU, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman 2. various of BFA conference venue STORYLINE: The Boao Forum for Asia (BFA) will hold its annual conference from Tuesday to Friday in Boao, a coastal town in China's island province of Hainan. Ben Simpfendorfer, a partner at consultancy Oliver Wyman, noted that industrial and supply chains are among the most focused issues in the current global economy, and the company will discuss how the international community should strengthen coordination and jointly maintain supply chain stability. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman "The global supply chain is of particular concern. Companies are looking to build resiliency in the face of deglobalization, geopolitics, (and) energy shocks. So the opportunity to be able to talk about the impact of these sh

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Chinese economy shows great resilience, potential: experts

STORY: Chinese economy shows great resilience, potential: experts DATELINE: March 4, 2023 LENGTH: 00:02:17 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street scenes in China 2. SOUNDBITE 1 (English): PATRICK MWANGI, International affairs analyst in Kenya 3. various of Chinese people working 4. SOUNDBITE 2 (English): JAMES M. NJIHIA, Dean, faculty of business and management sciences, University of Nairobi 5. SOUNDBITE 3 (English): PATRICK MWANGI, International affairs analyst in Kenya STORYLINE: China's economy has gotten off to a good start in 2023. Many experts say such a good start, stemming from the fundamentals supporting China's steady economic growth, sheds light on the country's economic resilience, potential and vitality. SOUNDBITE 1 (English): PATRICK MWANGI, International affairs analyst in Kenya "So economic resilience is seen through its capacity to withstand shocks. It is a very broad-based economy. Because it has many facets. Because it has a very strong manufacturing capacit

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African expert sees resilience and potential in Chinese economy against shocks

STORY: African expert sees resilience and potential in Chinese economy against shocks DATELINE: Feb. 27, 2023 LENGTH: 00:01:54 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (English): PATRICK MWANGI, International affairs analyst in Kenya 3. various of China STORYLINE: An international affairs analyst in Kenya has explained why he believes China's economy is resilient and has great potential. SOUNDBITE (English): PATRICK MWANGI, International affairs analyst in Kenya "So economic resilience is seen through its capacity to withstand shocks. It is a very broad-based economy. Because it has many facets. Because it has a very strong manufacturing capacity. It has a very large market of 1.4 billion people, which has a huge middle class. One, it's a huge market. So (it has) all manner of goods and services. Two, its rising production capacity means that goods are able to be produced more to supply the world. And because the world economy is expected to rise, then it means that

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S. Korean says tortured in China

SEOUL, South Korea - Kim Yong Hwan, a South Korean activist expelled from China in July 2012, holds a press conference in Seoul on Aug. 6, 2012. Kim said Chinese security agents tortured him to extract information about organizations helping North Koreans flee to China, by keeping him awake for six straight days and subjecting him to more than five hours of electric shocks. China has denied that Kim was tortured while in detention, South Korea's Ministry of Foreign Affairs and Trade has said.

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JAL to introduce equipment to save heart patients

TOKYO, Japan - An official of Japan Airlines shows off automated external defibrillators (AED), which use electric shocks to normalize the heart functions of patients with an irregular heartbeat. Japan will equip planes with AED to provide emergency care to passengers who suffer heart attacks on flights, beginning this fall with long-distance international routes.

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CHINA-BEIJING-FINANCIAL STREET FORUM

(221123) -- BEIJING, Nov. 23, 2022 (Xinhua) -- This photo taken on Nov. 21, 2022 shows the scene of a session themed "Macro Policy: Actively Dealing With Multiple Shocks" during the Annual Conference of Financial Street Forum 2022 in Beijing, capital of China. TO GO WITH XINHUA HEADLINES OF NOV. 23, 2022 (Xinhua/Ren Chao)

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CHINA-BEIJING-FINANCIAL STREET FORUM

(221123) -- BEIJING, Nov. 23, 2022 (Xinhua) -- This photo taken on Nov. 21, 2022 shows the scene of a session themed "Macro Policy: Actively Dealing With Multiple Shocks" during the Annual Conference of Financial Street Forum 2022 in Beijing, capital of China. TO GO WITH XINHUA HEADLINES OF NOV. 23, 2022 (Xinhua/Cai Yang)

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CHINA-BEIJING-FINANCIAL STREET FORUM 2022-ANNUAL CONFERENCE-OPENING (CN)

(221122) -- BEIJING, Nov. 22, 2022 (Xinhua) -- This photo taken on Nov. 21, 2022 shows the scene of a session themed "Macro Policy: Actively Dealing With Multiple Shocks" during the Annual Conference of Financial Street Forum 2022 in Beijing, capital of China. Themed "Forge Ahead Toward a Shared Future: Economic Development and Financial Cooperation Amid Changes", the Annual Conference of Financial Street Forum 2022 opened here on Monday. (Xinhua/Cai Yang)

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CHINA-BEIJING-FINANCIAL STREET FORUM 2022-ANNUAL CONFERENCE-OPENING (CN)

(221122) -- BEIJING, Nov. 22, 2022 (Xinhua) -- This photo taken on Nov. 21, 2022 shows the scene of a session themed "Macro Policy: Actively Dealing With Multiple Shocks" during the Annual Conference of Financial Street Forum 2022 in Beijing, capital of China. Themed "Forge Ahead Toward a Shared Future: Economic Development and Financial Cooperation Amid Changes", the Annual Conference of Financial Street Forum 2022 opened here on Monday. (Xinhua/Ren Chao)

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Africa faces multiple crises: African Union chief

STORY: Africa faces multiple crises: African Union chief DATELINE: Oct. 25, 2022 LENGTH: 00:01:41 LOCATION: Dakar CATEGORY: POLITICS SHOTLIST: 1. various of African Union (AU) Chairperson and Senegalese president Macky Sall delivering a speech 2. various of the opening ceremony of the 8th edition of the Dakar International Forum on Peace and Security in Africa 3. various of the forum STORYLINE: Africa is confronted with multiple crises related to terrorism, internal conflicts, climate and health, the African Union (AU) Chairperson and Senegalese President Macky Sall said in Dakar on Monday. "We must admit that the picture is not bright," Sall acknowledged at the opening ceremony of the 8th edition of the Dakar International Forum on Peace and Security in Africa, held in Dakar with the theme "Africa in the face of exogenous shocks: challenges of stability and sovereignty." "The African continent has now become one of the epicenters of terrorism," he noted, stressing that terrorism on the continent is not

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WTO: world trade growth to slow sharply in 2023

STORY: WTO: world trade growth to slow sharply in 2023 DATELINE: Oct. 6, 2022 LENGTH: 00:01:24 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of WTO 2. SOUNDBITE (English): NGOZI OKONJO-IWEALA, WTO Director-General STORYLINE: World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy, the World Trade Organization (WTO) said in a statement on Wednesday. WTO economists said in the statement that global merchandise trade volumes will grow by 3.5 percent in 2022 -- slightly better than the 3.0 percent forecast in April. However, for 2023 they foresee a 1.0 percent increase, down sharply from the previous estimate of 3.4 percent. The new WTO forecast estimates world gross domestic product (GDP) at market exchange rates will grow by 2.8 percent in 2022 and 2.3 percent in 2023 - the latter is 1.0 percentage points lower than previous projections. In their April forecast, WTO economists had to rely on simul

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Malawian president lauds China for waiving African countries' interest-free loans

STORY: Malawian president lauds China for waiving African countries' interest-free loans DATELINE: Sept. 24, 2022 LENGTH: 00:01:46 LOCATION: UN Headquarters CATEGORY: POLITICS/SOCIETY SHOTLIST: 1. wide shot of Malawian President Lazarus Chakwera walking to rostrum 2. SOUNDBITE (English): LAZARUS CHAKWERA, Malawian President 3. various of delegates STORYLINE: Malawian President Lazarus Chakwera praised China on Thursday for waiving interest-free loans for over a dozen African nations. The president made the remarks at the general debate of the 77th session of the UN General Assembly. SOUNDBITE (English): LAZARUS CHAKWERA, Malawian President "Recently, the Managing Director of the International Monetary Fund called on the world's major lenders to show leadership by relieving vulnerable countries of the debts that are shackling them, because even loans that were given and received in good faith have become unsustainable in the recent and current climate of relentless and unforeseen external shocks. I join h

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Chile's economy to grow 1.75 to 2.25 pct in 2022, central bank estimates

STORY: Chile's economy to grow 1.75 to 2.25 pct in 2022, central bank estimates DATELINE: Sept. 8, 2022 LENGTH: 00:01:31 LOCATION: Santiago CATEGORY: ECONOMY SHOTLIST: 1. various of street views 2. various of currency 3. SOUNDBITE 1 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile 4. various of street views 5. SOUNDBITE 2 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile STORYLINE: Chile's economy will grow between 1.75 percent and 2.25 percent in 2022, and it will expand below its potential for several more quarters, given global inflationary pressure, the Central Bank of Chile projected Wednesday. According to September's Monetary Policy Report, the bank also revised upwards the annual inflation forecast for 2022, from 10 percent in June to 12 percent this month. It stated that "accumulated price volatility shocks and the recent depreciation

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Worsening climate shocks exacerbate food shortages in Horn of Africa

STORY: Worsening climate shocks exacerbate food shortages in Horn of Africa DATELINE: Aug. 20, 2022 LENGTH: 0:03:18 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of drought in Garissa county 2. various of dead livestock due to drought 3. various of locals in search for water 4. SOUNDBITE 1 (English): SAMUEL ODHIAMBO, Garissa County Director, Kenya Meteorological Services 5. various of food aid being offloaded from a truck 6. SOUNDBITE 2 (English): MOHAMMED DUBOW ADEN, Garissa County Coordinator, Kenya Red Cross 7. various of locals sharing the relief food STORYLINE: The Horn of Africa is experiencing its worst drought in more than 40 years. Over 18 million people face severe hunger in Ethiopia, Somalia and Kenya. Around 7 million children are acutely malnourished. In northern Kenya, millions do not have enough to eat amid the worsening drought, and a growing number of people have been losing their livelihoods. A shortage of water and food for livestock has pushed many people to leave their hom

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IMF cuts 2022 global growth forecast to 3.2 pct, warns of downside risks

STORY: IMF cuts 2022 global growth forecast to 3.2 pct, warns of downside risks DATELINE: July 27, 2022 LENGTH: 00:00:42 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. exterior view of the IMF headquarters in Washington D.C. STORYLINE: The International Monetary Fund (IMF) on Tuesday slashed the global growth forecast for 2022 to 3.2 percent, down by 0.4 percentage point from the April projection, according to its newly released update to the World Economic Outlook (WEO). Several shocks have hit the world economy already weakened by the COVID-19 pandemic, including higher-than-expected inflation worldwide -- especially in the United States and major European economies -- triggering tighter financial conditions, and further negative spillovers from the Ukrainian crisis, the WEO update said. According to the WEO update, global inflation has been revised up due to food and energy prices, and is anticipated to reach 6.6 percent in advanced economies and 9.5 per

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Marcos unveils plans to sustain Philippines' economic recovery amid global uncertainty

STORY: Marcos unveils plans to sustain Philippines' economic recovery amid global uncertainty DATELINE: July 26, 2022 LENGTH: 00:01:40 LOCATION: Manila CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Marcos arriving at the congress (courtesy of RTVM) 3. various of Marcos entering the congress building (courtesy of RTVM) 4. various of Marcos speaking (courtesy of RTVM) 5. SOUNDBITE (English): FERDINAND ROMUALDEZ MARCOS, Philippine President (courtesy of RTVM) STORYLINE: Philippine President Ferdinand Romualdez Marcos on Monday unveiled his plans in his first state of the nation address to ensure economic growth amid global uncertainties. Marcos, who won a six-year presidential term in May presidential election, focused on the people's immediate needs, such as food security and how to protect the poorest segments of the population from soaring prices. "The recent past and the COVID-19 pandemic has beset the macroeconomic environment with challenges and a series of external shocks," Marcos said, no

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Namibia marks emergency medical services day

STORY: Namibia marks emergency medical services day DATELINE: July 23, 2022 LENGTH: 00:01:55 LOCATION: Windhoek CATEGORY: HEALTH SHOTLIST: 1. various of the event in Windhoek STORYLINE: An event was held on Friday in Namibia's capital Windhoek to mark the National Emergency Medical Services (NEMS) Day. At the event site, a number of medical institutions showed the citizens the first aid equipment used in ambulances, and taught them professional first aid knowledge to deal with emergency situations. "The COVID-19 pandemic exposed many gaps and challenges in the provision of emergency care systems services. While it stretched our capacity to the limit, it also proved that our systems are resilient and can respond to shocks," the country's Minister of Health and Social Services Kalumbi Shangula said on Friday. According to statistics, among the 80 percent of the Namibian population who access and receive medical services from public health facilities, about 60 percent of patients seen at emergency depar

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UN-SECURITY COUNCIL-SOUTH SUDAN-MEETING

(220620) -- UNITED NATIONS, June 20, 2022 (Xinhua) -- Ghada Eltahir Mudawi, director of Operations and Advocacy Division of the UN Office for the Coordination of Humanitarian Affairs, speaks at a Security Council meeting on South Sudan, at the UN headquarters in New York, on June 20, 2022. The humanitarian situation in South Sudan has deteriorated in the past months as a result of conflict and climate shocks, the UN official said Monday. (Manuel Elias/UN Photo/Handout via Xinhua)

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GLOBALink | Chinese economy wins global vote of confidence

As the Chinese economy has bounced back after having weathered shocks of the latest COVID-19 resurgence, global investors and international economists cast a vote of confidence in the world's economic thruster. #GLOBALink Produced by Xinhua Global Service

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GLOBALink | Chinese economy wins global vote of confidence

STORY: Chinese economy wins global vote of confidence DATELINE: June 18, 2022 LENGTH: 0:01:43 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): KRISTALINA GEORGIEVA, IMF Managing Director 2. SOUNDBITE 2 (English): ANEEL SALMAN, Economist at Comsats University Islamabad 3. SOUNDBITE 3 (English): BORGE BRENDE, World Economic Forum President 4. SOUNDBITE 4 (Chinese): JERRY ZHANG, Chief executive officer, Standard Chartered Bank (China) 5. SOUNDBITE 5 (English): AADITYA MATTOO, World Bank East Asia and Pacific Chief Economist STORYLINE: A series of recently-released economic barometers indicate that the Chinese economy has bounced back after having weathered shocks of the latest COVID-19 resurgence, revealing resilience and certainty in the still faltering global recovery. China's foreign trade rebounded in May. Its total imports and exports went up 9.6 percent year on year to 3.45 trillion yuan (510 billion U.S. dollars) last month on top of April's 0.1-percent expansion. As C

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GLOBALink | Global tourism industry reviving built on pandemic lessons: Singapore minister

STORY: Global tourism industry reviving built on pandemic lessons: Singapore minister DATELINE: May 25, 2022 LENGTH: 00:01:39 LOCATION: DAVOS, Switzerland CATEGORY: HEALTH/TOURISM SHOTLIST: 1. STANDUP (English): FU YIMING, Xinhua correspondent 2. SOUNDBITE 1 (English): S. ISWARAN, Singapore's transport minister 3. SOUNDBITE 2 (English): S. ISWARAN, Singapore's transport minister 4. SOUNDBITE 3 (English): S. ISWARAN, Singapore's transport minister STORYLINE: STANDUP (English): FU YIMING, Xinhua correspondent "The global travel and tourism industry has built upon lessons learned from the COVID-19 pandemic in order to recover. Singapore's transport minister S. Iswaran said here in Davos, Switzerland, while also highlighting China's great potential in relation to the sector." SOUNDBITE 1 (English): S. ISWARAN, Singapore's transport minister "So I think basically the industry has learned to adapt, because we've had economic shocks in the past, we've had pandemic shocks, but this time the pandemic is a major im

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East African real estate executives hopeful of recovery amid COVID-19 shocks

STORY: East African real estate executives hopeful of recovery amid COVID-19 shocks DATELINE: May 19, 2022 LENGTH: 00:01:58 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of banners at the conference 2. various of speakers at the conference 3. various of real estate buildings in Nairobi STORYLINE: East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya's capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic recovery has prompted a lot of interest in the sector from both local and foreign investors. "East Africa's real estate sector continues to develop and become more resilient and is able to withstand cyclical shocks," Mwai said during the ninth annual East Africa property investment summit. The two-day summit brought together over 300 attendees from across the East African region to exchange views on how to ex