Money Talks
2,203 episodes - English - Latest episode: about 1 year ago -Dedicated to helping our audience navigate the bumpy economic road ahead. With in-depth reports and analysis, Money Talks makes the news your business.
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Pandemic reshaping UK waste management industry | Money Talks
August 17, 2020 20:48 - 3 minutes VideoThe shift in consumer and working habits due to the coronavirus pandemic has had a serious impact on the waste disposal industry. Shuttered businesses meant much less commercial waste. But more of us working from home is paying dividends for waste collection companies -- and there are hopes it could be good news for the environment, too. Robyn Dwyer reports. #UKwaste #Lockdown #WasteDisposal
Japan's GDP contracts an annualised 27.8% in Q2 | Money Talks
August 17, 2020 20:44 - 7 minutes VideoJapan's economy suffered its worst quarterly performance ever. Its GDP shrank nearly 28 percent between April and June, compared to the same period last year. Analysts expect thousands of job losses in coming months, as COVID-19 lockdowns and a slowdown in international trade hurt businesses. Mobin Nasir reports on the impact of the pandemic on the world's third largest economy. For more on this, Bill Emmott joined us from Dublin. He's chairman of the Japan Society of the UK. #Japan #GDP #Pa...
Workers at state-owned firms join anti-government protests in Belarus | Money Talks
August 17, 2020 20:20 - 7 minutes VideoCalls for Belarusian President Alexander Lukashenko to resign are getting louder. A police crackdown on protests has turned even his support base at state-owned industries against him. Thousands of workers have now joined the week-long protests, following Lukashenko's landslide re-election amid allegations of vote-rigging. As Sibel Karkus reports, that's adding pressure to an already stagnating economy, leaving Lukashenko fighting to keep his grip on power. For more on this, Anders Aslund spo...
Kenyan all-female ranger team protect wildlife from poachers | Money Talks
August 13, 2020 20:11 - 2 minutes VideoAn all-female ranger team in Kenya is challenging gender stereotypes, and protecting wildlife at the vast Amboseli National Park. Dominic Brian Omondi brings us the story. #Kenya #WildLife #Rangers
Bangladesh sees longest-running flood event in over 20 years | Money Talks
August 13, 2020 19:47 - 6 minutes VideoBangladesh has been battling with its longest-running flooding event in over two decades. At least 200 people have died and millions have been displaced by the floods, which have affected large parts of the country. Hundreds of thousands of hectares of agricultural land have also been inundated, raising the risk of food insecurity and making the country's fight against COVID-19 even harder. Sibel Karkus reports. For more on this, Atwar Rahman spoke to Money Talks in Tangail, Bangladesh. He's...
IEA trims oil demand forecast for 2020, 2021 due to pandemic | Money Talks
August 13, 2020 19:37 - 7 minutes VideoThe International Energy Agency has once again slashed its forecast for oil demand this year.. as the commodity's biggest customers continue to suffer during the pandemic. Planes remain grounded due to border restrictions, while a return to lockdown measures in some parts of the world are keeping cars parked in their garages. The oil industry was already having a bad year, and a recovery is expected to be slower than expected. Paolo Montecillo has the details. For more, we were joined by Elle...
African migrants stranded in Libya collect waste to survive | Money Talks
August 13, 2020 18:58 - 1 minute VideoThe UN says thousands of African migrants are stuck in Libya after a crackdown on people smuggling into Europe. Lack of aid has resulted in many taking up work as scavengers to support their families back home. Shoaib Hasan has the story. #Libya #Migrants #WasteCollection
Turkish vaccine ready for human trials within months | Money Talks
August 13, 2020 18:55 - 2 minutes VideoAs the race for a COVID-19 vaccine heats-up, human trials of one potential immunisation are set to begin in Turkey before the end of the year. President Recep Tayyip Erdogan says eight different vaccines are being developed in the country, but so far, only one is preparing for human testing. Melinda Nucifora visited the hopeful company's lab to bring us this report. #TurkeyVaccine #COVID19 #RecepTayyipErdogan
UK slips into recession for the first time in 11 years | Money Talks
August 12, 2020 19:16 - 6 minutes VideoThe coronavirus crisis has plunged the UK into its worst recession on record. Gross domestic product fell by 20.4% in the second quarter of the year, the biggest quarterly decline since records began in 1955. The figures leave the UK second only to Spain in economic suffering from the virus. But, as Sarah Morice explains, the data is retrospective and the UK is already showing signs of recovery. For more, we were joined by Denis MacShane in London. He's the UK's former minister of Europe and ...
Joe Bidden picks Senator Kamala Harris as running mate | Money Talks
August 12, 2020 19:10 - 8 minutes VideoUS Democratic presidential candidate Joe Biden has picked Kamala Harris as his choice for vice president. This makes the California senator the first Black and Indian-American woman to appear on a major party's presidential ticket. As a leading politician from a state with a larger economy than that of most G20 countries, she'll also help shape the Democrats' economic policy at a time when millions of Americans are out of work and global growth is stalling. Sibel Karkus reports. And we spoke ...
Singapore's influencers lose earnings as brands cut budgets | Money Talks
August 12, 2020 19:06 - 2 minutes VideoFor the first time in over a decade, Singapore is in a recession. The economic slump is proving particularly hard on social media influencers, who make money by promoting products online. As Sandy Huang reports, the pandemic has brought both challenges and opportunities. #Singapore #contentcreation #Recession
AirBnB readies paperwork for its public listing | Money Talks
August 12, 2020 19:01 - 1 minute VideoAirBnB is preparing for its much-awaited debut in equity markets, despite a pandemic that's paralysed the global economy. It'll finally give investors a chance to profit off the innovative home-rental start-up, although it could also expose them to significant financial risk. #AirBnB #PublicListing #HomeRental
South African gem firm reports sparkling sales amid outbreak | Money Talks
August 12, 2020 06:33 - 2 minutes VideoCOVID-19 has had a broadly negative impact on the sales of luxury goods, but one South African diamond company says business has never been better. Its jewelry sales are up by 60 percent since the country went into a lockdown in March. Adesewa Josh tells us more. #SouthAfrica #Diamonds #LuxuryGoods #Nungudiamonds
India's textile industry under fire for contaminating water | Money Talks
August 11, 2020 21:49 - 1 minute VideoIndia is one of the world's largest producers of textiles and clothing. Much of the fabric is dyed in the northwestern desert state of Rajasthan. But activists say the process is polluting the soil and water that communities rely on for their survival. Shamim Chowdhury explains. #IndiaTextile #Pollutioin #WaterContamination
New York attorney general accuses NRA bosses of $64M fraud | Money Talks
August 07, 2020 18:17 - 2 minutes VideoNew York's attorney general is suing one of the most influential lobby groups in the United States, and calling for it to be dismantled. The National Rifle Association has been losing support since a series of deadly mass shootings dating back to 2016. Now, after a lengthy investigation, its top officials have been accused of pocketing millions of dollars. Yasmine El-Sabawi reports. #NationalRifleAssociation #GunRights #NYattorneygeneral #DonaldTrump
New York Attorney General files lawsuit against the NRA | Money Talks
August 06, 2020 19:26 - 5 minutes VideoThe US state of New York has launched a lawsuit against the National Rifle Association, accusing the powerful gun lobby of committing fraud. The New York Attorney General says the state is also looking to dissolve the organisation, alleging senior leaders of the non-profit group diverted up to 64 million dollars in funds for personal use and to buy support from its members. For more on this story, we spoke to Jeffrey Tucker. He's the editorial director at the American Institute for Economic R...
Drones deliver supplies to COVID-19 patients in West Bank | Money Talks
August 05, 2020 19:44 - 2 minutes VideoCOVID-19 infection rates in Israel and the occupied West Bank are among the highest in the world. With social distancing rules now enforced by the government, small drones have become a new tool to help health workers deliver aid to patients. Mustafa Fatih Yavuz reports. #Drones #Covid19 #WestBank
Resurgence of infections forces lockdowns in many countries | Money Talks
August 04, 2020 19:56 - 2 minutes VideoA million new COVID-19 cases are being recorded every four days worldwide, and fresh outbreaks are threatening gains against the virus in many countries. Japan, Vietnam and the Philippines which had previously managed to contain the disease are now reporting spikes in new infections. Healthcare providers are calling for stricter restrictions and more lockdowns, but that could worsen the economic toll of the pandemic. Mobin Nasir reports. #Lockdown #Coronavirus #InfectionRate
Eight candidates vying for top job at global trade body | Money Talks
August 04, 2020 19:37 - 10 minutes VideoThe race to lead the World Trade Organization is heating-up, with eight candidates vying for the role. The outgoing Director-General, Roberto Azevedo is due to leave the position at the end of the month. His successor will step into the role at a time when global trade has been shaken-up by multiple disputes, and an unprecedented slump in the exchange of goods due to the coronavirus pandemic. The UK has chosen Dr Liam Fox as its candidate. Dr Fox served as the secretary of state for internati...
Invasive fish becomes unlikely food source in Western Cape | Money Talks
August 03, 2020 19:02 - 2 minutes VideoSouth Africa's lockdown has made it difficult for many people to access food. This has forced needy coastal communities to turn to an invasive fish species for survival. Dominic Brian Omondi has more. #SouthAfrica #Carp #Covid19
Boeing scales down production as losses mount | Money Talks
July 29, 2020 19:36 - 6 minutes VideoUS planemaker Boeing was already expected to report massive losses. But its second-quarter financial results have painted a bleaker picture than most analysts were prepared for. That's as the COVID-19 pandemic put more pressure on the company already dealing with the fallout from two crashes of its 737-MAX aircraft. Paolo Montecillo has more. For more, we were joined by George Hamlin. He's the president of Hamlin Transportation Consulting in Stephens City, Virginia. #Boeing #Planemaker #737MAX
Ethiopian farmers forced to slaughter chicks as demand falls | Money Talks
July 23, 2020 19:29 - 1 minute VideoPoultry farmers in Ethiopia have had to destroy hundreds of thousands of chicks as COVID-19 wreaks havoc on the industry. The sector is reeling from a collapse in demand from the tourism and restaurant sector. Adesewa Josh has more. #Ethiopia #Poultry #Pandemic
Kenyan fishermen blame Ethiopian mega-dam for fish depletion | Money Talks
July 22, 2020 19:14 - 1 minute VideoIn Kenya, environmentalists and fishing communities around Lake Turkana are blaming Ethiopia for building a mega-dam. They say the structure is the cause of their reduced fish stocks. Dominic Brian Omondi has the story. #Kenya #Ethiopia #FishDepletion
People queue for basic goods as Sudanese economic crisis deepens | Money Talks
July 20, 2020 20:12 - 1 minute VideoIn Sudan, queues for basic goods continue to grow as the country's economy worsens. Last month, Sudan's annual inflation accelerated to 136%, up from 114% in May. The sharp rise was driven by food and fuel prices. And as Philip Owira reports, lines are forming outside bakeries and petrol stations across the capital Khartoum. #Sudan #EconomicCrisis #Inflation
Government spending boosts China's GDP growth to 3.2% in Q2 | Money Talks
July 16, 2020 21:26 - 5 minutes VideoChina's economy is bouncing back from a slowdown brought on by the COVID-19 outbreak. Its GDP rose beyond analysts' expectations in the second quarter. But domestic consumption has slowed and demand for exports is weak as other major economies struggle to contain the pandemic. As Mobin Nasir reports, that could make it hard for Beijing to maintain the pace of economic growth. For more on this, Einar Tangen joined us from Beijing. He's a commentator on international politics and economics. #Ch...
Twitter accounts of high-profile users compromised | Money Talks
July 16, 2020 21:15 - 7 minutes VideoHigh profile celebrities, politicians and major companies have been targeted in a Twitter hack. Scammers posted bogus messages from the accounts of people like Elon Musk, Kanye West and Bill Gates - promising a bitcoin windfall. The breach has called Twitter's security into question, and led to a share price tumble. We spoke to Santosh Rao from Princeton, New Jersey. He's the head of research at Manhattan Venture Partners. #Twitter #CyberCrime #Hack
UK audiences flock to drive-ins amid restrictions | Money Talks
July 09, 2020 21:16 - 2 minutes VideoThe British government has announced a last-minute support package for the struggling arts sector, which has been heavily impacted by COVID-19 closures. But even the culture secretary says it won't be enough to save every job in places like theatres, museums or galleries. Some businesses have taken it upon themselves to adapt, as Natalie Powell reports. #DriveInCinema #COVID19restrictions #SocialDistancing
Demonstrations against lockdown turn violent in Serbia | Money Talks
July 09, 2020 20:56 - 5 minutes VideoSerbia's president Aleksandar Vucic has cancelled a second coronavirus lockdown after protests against the measures turned violent. Demonstrators have accused the government of using the pandemic to crack-down on dissent and consolidate power. And as Mobin Nasir reports, the stand-off could worsen the impact of COVID-19 on the people and the economy. For more on this, Darko Trifunovic spoke to us from Belgrade. He's director at the Institute for National and International Security. #Serbia #C...
UK dog lovers splurge on new pets during pandemic | Money Talks
July 08, 2020 20:18 - 7 minutes VideoBritain's a nation of dog-lovers never more so than now. Since the country went into lockdown, puppies have become hot property - with both demand and prices on the rise. Robyn Dwyer reports on how the pandemic has led to a growth market for pets. And we spoke to Doctor Samantha Gaines, head of the companion animals department at the Royal Society for the Prevention of Cruelty to Animals. She joined us from Horsham in the UK. #PetLovers #Pandemic #AnimalCruelty
Afghanistan factory gives free oxygen to coronavirus patients | Money Talks
July 06, 2020 21:23 - 1 minute VideoMany people who aren't healthcare professionals have dedicated their time to helping coronavirus patients. In Afghanistan's capital Kabul, an oxygen gas plant that sat idle for seven years has reopened and is refilling oxygen canisters for free. Sena Saylan has more. #Afghanistan #OxygenCylinder #Coronavirus
Governments mull reimposing restrictions amid surge in infections | Money Talks
July 06, 2020 20:26 - 7 minutes VideoIndia now has the third-highest number of COVID-19 cases in the world with nearly 700,000 infections. It's struggling to contain its outbreak, and many parts of the country are resuming lockdowns. The virus is also spreading in the United States, Brazil and other countries, dealing a blow to the recovery of the global economy. And the World Health Organization says without an urgent response, progress in containing the coronavirus could be lost. Mobin Nasir reports. For more on this, Sunil Po...
Tourism companies cater to local travellers amid pandemic | Money Talks
July 03, 2020 16:50 - 2 minutes VideoWith the peak holiday season upon us, many travellers are having to adjust their plans amid the pandemic. In Singapore, tourism is a 19-billion-dollar a-year industry. But as the government limits non-essential travel, the local tourism industry is looking for creative ways to make money from so-called stay- cationers. Sandy Huang reports. #Singapore #Tourism #Pandemicc
President Trump hails jobs market rebound amid pandemic | Money Talks
July 02, 2020 19:36 - 7 minutes VideoMillions of Americans returned to work in June, according to the US Bureau of Labor Statistics. That's as states began reopening following months of lockdowns. The US added 4.8 million jobs during the month, far exceeding economists' expectations. It's the second month of gains since more than 20 million jobs were lost in April. For more, I'm joined by Gene Epstein in New York. He's Director and Moderator of the Soho House Forum and former economics editor at Barron's. #USJobs #Coronavirus #...
Revamped US-Mexico-Canada trade deal comes into effect | Money Talks
July 01, 2020 20:02 - 2 minutes VideoUS President Donald Trump has fulfilled one of his 2016 presidential election campaign promises - reaching what he calls the "most important trade deal ever made by the US". The agreement between the US, Mexico and Canada promises to create nearly 600,000 jobs and generate up to $235 billion in economic activity. Katie Gregory has more details on the new USMCA. #USMCA #TradeDeal #DonaldTrump
Boeing gets the green light to test 737 MAX aircraft | Money Talks
June 30, 2020 19:34 - 2 minutes VideoAircraft maker Boeing has started test flights as it tries to get its grounded 737 MAX back in the air. The test flights in the US state of Washington are expected to take place over several days. The aircraft was grounded around the world last year after two crashes, in Indonesia and Ethiopia, that killed everybody on board. Francis Collings reports. #Boeing #FAA #FlightTests
UK PM Johnson announces $6B infrastructure spending plan | Money Talks
June 30, 2020 19:28 - 1 minute VideoOn Tuesday, British Prime Minister Boris Johnson gave his first public speech since the peak of the COVID-19 crisis. He's outlined plans to kick-start the UK economy with a programme of public infrastructure building. He's also promised not to abandon his election promises to correct significant regional differences in the economy. His pledges come as new figures reveal the UK economy shrank by even more than expected in the first quarter. Simon McGregor-Wood has more. #BorisJohnson #Spending...
Turkey tests first locally produced electric train | Money Talks
June 29, 2020 19:55 - 1 minute VideoTurkey's plans to become a global player in the railway industry are on track as factory tests on its first domestically produced electric train begin. The five-carriage locomotive with a seating capacity of 324 passengers is expected to cost 20 percent less than similar imported models. The Turkey Wagon Industry Corporation says the next phase of tests on the prototype will take place later this year. The country plans to spend about $17 billion on its railway systems in the next 10 years. ...
India's restaurants face closure as customers stay home | Money Talks
June 24, 2020 19:19 - 1 minute VideoAlthough India's lockdown has eased up in many places, there's still a lot of fear surrounding COVID-19 - especially as the number s of infections continues to rise. It's affected many businesses across the country, including restaurants. Their sales have plummeted by around 90 per cent since March, when the lockdown began, and it's looking increasingly likely that many eateries will have to shut down. Shamim Chowdhury has more. #India #Restaurants #Coronavirus
London's Camden Market misses tourist trade as stalls reopen | Money Talks
June 18, 2020 18:43 - 3 minutes VideoThe UK has further relaxed lockdown rules this week, with non-essential shops finally reopening. That includes many traders based at London's world famous Camden Market. The eclectic mix of fashion and food outlets has become a must-see attraction for millions of young tourists every year. Simon McGregor-Wood went along to see how the market has fared in the pandemic and what its future holds. #CamdenMarket #London #LockdownMeasures
Dexamethasone hailed as breakthrough in COVID-19 treatment | Money Talks
June 17, 2020 19:15 - 5 minutes VideoUK researchers have found a life-saving COVID-19 drug. The decades-old and widely available steroid called dexamethasone has become the first proven effective treatment. A study found it reduces deaths among the sickest patients. As Sibel Karkus reports, the breakthrough gives cause for fresh hope, as the pandemic flares up again in some parts of the world. For more this, we spoke to Andrea Feigl in Washington DC. She’s the chief executive at the Health Finance Institute. #Dexamethasone #Cov...
Confectionary shop moves business online during pandemic | Money Talks
June 15, 2020 19:27 - 2 minutes VideoJune is National Candy month in the US - the largest market for sweets in the world. But the industry there has struggled during the coronavirus pandemic, because many of its products are considered "non-essential". Bricks and mortar stores are closed, many brands have shifted online and as Katie Gregory reports that could be the new reality for many confectioners. #Candy #ConfectionaryShop #Lockdown
Turkey gradually resumes international air travel | Money Talks
June 11, 2020 18:53 - 1 minute VideoThe COVID-19 pandemic has led to tens of thousands of flight cancellations, as countries shut borders and airspaces to control the spread of the virus. People have been forced to drop holiday plans or even worse, left stranded away from their homes and families. But in the last month, some European countries have begun to ease restrictions on international air travel. And on Thursday, Turkey has followed suit. Shamim Chowdhury has more on the steps taken at Istanbul Airport to reopen the coun...
China removes pangolin scales from traditional medicine list | Money Talks
June 10, 2020 19:13 - 1 minute VideoChina has given pangolins the highest possible level of protection and removed the animal from a list of approved ingredients for traditional medicine. Beijing had already banned the sale of wild animals for food in March. That decision followed the COVID-19 pandemic, which is believed to have started at an animal market in Wuhan late last year. Animal rights campaigners say the new regulation is critical for saving the threatened species. But ending the illegal trade won't be easy. For more ...
Protestors demand reforms in US criminal justice system | Money Talks
June 10, 2020 19:02 - 8 minutes VideoAs protests over racial injustice, triggered by the killing of an African American man by white police officers, continue, there are strengthening calls for reform of the US criminal justice system. Protesters chanting "defund the police" are gathering outside many government buildings. The slogan's become an umbrella term for cutting police department budgets to increase spending on healthcare, education and social programs. Mobin Nasir reports. For more on this, Carole Boyce-Davies spoke to...
IBM drops facial recognition business amid abuse concerns | Money Talks
June 09, 2020 19:23 - 5 minutes VideoTech giant IBM is taking a stand in the debate over police brutality and racism in the US. It's dropping facial recognition technology from its business, losing what could have been a major source of revenue for years to come. According to the company's boss, the decision is in line with the company's values, if not in the interest of its bottom line. For more, we spoke to Sebastian Winter, an analyst at Verdantix. That's an independent research and consultancy firm focused on innovative tech...
France unveils $17B aid plan to keep Europe in aviation race | Money Talks
June 09, 2020 19:19 - 7 minutes VideoFrance has unveiled a nearly $17 billion package to help the country's aerospace industry. The plan announced on Tuesday is a boost to some resources that are already available, such as job furlough schemes and support for the flag carrier, Air France, but includes additional support for suppliers. As Sibel Karkus reports, it will be some time before the aviation sector is flying high again. For more, Marc Ivaldi joined us from Toulouse. He’s the professor of economics at Toulouse School of E...
Performers around the world find ways around COVID-19 restrictions | Money Talks
June 08, 2020 19:07 - 3 minutes VideoAs hundreds of live music venues remain shut around the world, musicians are struggling to get by. But some are finding unexpected ways to make money as they try to ride out the pandemic. Manuel Rueda reports from Bogota. #Covid19 #Musicians #OnlineConcerts
Oil prices give up gains after OPEC+ extends production cuts | Money Talks
June 08, 2020 18:45 - 5 minutes VideoOil prices are rallying after exporters agreed to extend production cuts. They're meant to reduce excess supply in the market. The Organization of Petroleum Exporting Countries, together with its allies led by Russia, want to counter the effects of the COVID-19 pandemic, which has sapped energy demand around the world. OPEC and its allies are cutting production by 9.7 million barrels a day up to until the end of July. The cut represents about 10 percent of global supply. For more, we spoke to...
Vertical farming methods take root in Turkey | Money Talks
June 05, 2020 18:13 - 7 minutes VideoThe global population is expected to reach 10 billion by 2050, placing pressure on traditional agriculture to maximize the planet's resources. In times of crisis like the coronavirus pandemic, food supply chains are stretched even further. Vertical farming offers a sustainable and efficient solution. Sibel Karkus went to Antalya, Turkey, to visit Europe's largest indoor growing facility. For more on this and World Environment Day, we were joined by Ingo Pitterle in New York. He's Senior Econo...
Washington bans passenger flights by Chinese carriers to US | Money Talks
June 04, 2020 20:49 - 7 minutes VideoThe US government is suspending passenger flights of Chinese airlines to its airports, saying it's retaliating against Beijing's decision to bar flights of American carriers. The world's largest economies have been feuding over trade and the coronavirus pandemic. Now as Beijing implements stricter national security laws in Hong Kong, tensions with Washington are taking off once again. Mobin Nasir reports. For more on this, we were joined by Anna Ashton in Washington DC. She's Business Advisor...