China's growth, development an opportunity to world: Nigerian expert

STORY: China's growth, development an opportunity to world: Nigerian expert SHOOTING DATE: Feb. 22, 2024 DATELINE: March 4, 2024 LENGTH: 00:01:29 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (English): CHARLES ONUNAIJU, Director of Center for China studies, Nigeria STORYLINE: In a recent interview with Xinhua, a Nigerian expert has said China's growth and development offers an opportunity to the world, noting that its development path advocates inclusiveness instead of exclusion. SOUNDBITE (English): CHARLES ONUNAIJU, Director of the Center for China Studies, Nigeria "Chinese economy has done well, has recovered significantly. China has been a significant factor in altering the destiny of globalization in the direction of inclusion, in the direction of accommodation, in the direction of shared prosperity for all stakeholders. Enabling trade, so that nations could trade themselves out of recession, nations could trade themselves out of poverty, nations could advance their do

India's unemployment rate hits 2-year high

STORY: India's unemployment rate hits 2-year high SHOOTING TIME: File DATELINE: Nov. 2, 2023 LENGTH: 00:01:36 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of street views 3. various of laborers waiting for work 4. various of farmers working on farmland STORYLINE: According to the latest data released by the Center for Monitoring Indian Economy (CMIE), India's unemployment rate has hit a two-year high. The overall unemployment rate in India rose to 10.05 percent in October, a significant increase from 7.09 percent in September, marking the highest level since May 2021. Rural areas have been severely impacted, with the rural unemployment rate surging to 10.82 percent in October, up from 6.2 percent in the previous month. One key factor contributing to the rural unemployment crisis is the weakest monsoon rains in five years, which have led to reduced farming output. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Growing fallout from U.S. bank failures sparks worries across banking sector

STORY: Growing fallout from U.S. bank failures sparks worries across banking sector DATELINE: March 17, 2023 LENGTH: 00:02:48 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): GIORGIO DI GIORGIO, Professor of macroeconomics and monetary policy at Rome's LUISS University 2. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 3. SOUNDBITE 3 (English): XN IRAKI, Kenyan economist STORYLINE: Growing fallout from the collapse of two U.S. banks -- Silicon Valley Bank (SVB) from California and New York's Signature Bank has sent jitters across the banking sector. Many experts have expressed their concerns over the failures of the two U.S. banks. Worries about its impact on European financial institutions began to push share prices downward. Led by banking shares, most European stock exchanges suffered significant losses on Monday and Wednesday, each time followed by only modest rebounds. An Italian expert has said a major factor contributing to the troubles was ris

Germany faced with energy woes

STORY: Germany faced with energy woes DATELINE: Sept. 1, 2022 LENGTH: 00:01:26 LOCATION: Berlin CATEGORY: SOCIETY SHOTLIST: 1. various of views in Germany 2. SOUNDBITE (English): ZHU SHENG, Xinhua Correspondent in Berlin STORYLINE: SOUNDBITE (English): ZHU SHENG, Xinhua correspondent in Berlin "On Wednesday, gas deliveries through Nord Stream 1 pipeline from Russia to Germany will be halted for three days due to scheduled maintenance. It evokes again the concerns of its energy security among German people. Germany has been recently busy with its worst energy crisis in decades, which has worsened even further. Electricity and gas prices have soared. According to economists, the significant climb of electricity and gas prices has become a risk factor for the German economy. Another consequence of current soaring energy prices is the terrible inflation. For the past several months, prices have been rising in Germany, with inflation hovering at a high level of almost 8 percent. In addition, according to the Ge