Money Talks
2,203 episodes - English - Latest episode: 12 months 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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Demand for evergreen trees on the rise | Money Talks
January 06, 2020 14:34 - 2 minutes VideoTrees play an important role in absorbing carbon in the earth's atmosphere. Deforestation in the Amazon and elsewhere has raised alarm bells. As concern grows, some companies have made tree planting central to their business. Ira Spitzer has more from Berlin. #ChristmasTrees #Deforestation #EvergreenTrees
Demand rise for kids beauty spas in South Korea | Money Talks
January 06, 2020 14:30 - 2 minutes VideoSouth Korea’s cosmetics industry is a multibillion-dollar business famous for its rigorous skin regimens. Now companies are looking to expand their clientele by catering to children. The strategy, however, is raising ethical concerns about beautifying youngsters. Joseph Kim reports. #SpaTreatment #CosmeticsIndustry #KidsBeautySpas
Seasonal spending habits shift in the US | Money Talks
January 06, 2020 14:26 - 6 minutes VideoAccording to e-marketer US holiday retail sales surpassed the trillion dollar mark in 2018, with online Christmas shopping predicted to hit a record high in 2019.That is according to data compiled by the Adobe Sensei platform. It predicts sales could surge by 14 percent, topping $140 billion. But as Jagruti Dave reports from Washington, how people are shopping could signal a shift in seasonal spending habits. #SeasonalSpending #RetailSales #OnlineShopping
Oil prices jump after US kills Iranian general | Money Talks
January 03, 2020 16:34 - 7 minutes VideoOil prices have surged after a top Iranian military commander was killed in a US air strike in Baghdad. General Qasem Soleimani was head of the Iranian Revolutionary Guard's elite Quds Force and a key figure behind Iran's support for its proxies in Syria, Iraq and Lebanon. And Tehran's threat to retaliate, is stoking fears that the worst may be yet to come. Shoaib Hasan has more on what his death means. Babak Emamian is a member of the British Iranian Business Association in London. He told M...
Climate Crisis | Money Talks Special
January 03, 2020 14:20 - 25 minutes VideoWe take a look back at how the climate crisis sparked a global movement led by young people calling on governments and businesses to act. We also reflect on the role the private sector played in the massive fires that raged across Brazil's Amazon and look at how some people are saving the environment in style.
New York fitness centres offer unique workouts | Money Talks
January 02, 2020 19:15 - 2 minutes VideoIt's the new year and after all those Christmas puddings, getting fit is a top New Year's resolution for many. But according to psychologists, only about 40 percent of people manage to stick to their ambitious workout goals. Jillian Wolf visited some unique fitness centres in New York to find out if these could be the key to success. #NewYork #Wellness #Fitness
Landfills become source of income for Iraqis | Money Talks
January 02, 2020 19:08 - 1 minute VideoPeople in Mosul are risking their lives to collect rubbish from the Iraqi city's landfill sites. It's how many people earn money in the former Daesh stronghold, where work is hard to come by. Shoaib Hasan has more. #Irag #Landfill #ISIS
Turkish officials hope to boost exports, create jobs | Money Talks
January 02, 2020 19:07 - 6 minutes VideoAfter a tumultuous 2018, Turkish officials spent much of last year fighting inflation and paying off foreign lenders. That helped stabilise the economy. Now Ankara's shifting its focus on boosting growth. And as Mobin Nasir reports, it plans to prioritise industries that can increase exports to help bring in more foreign currency. Taha Arvas joined us in studio for more on this. He's an independent financial analyst in Istanbul. #TurkeyEconomy #Inflation #Exports
Greece, Israel, Greek Cyprus sign gas agreement | Money Talks
January 02, 2020 18:51 - 4 minutes VideoThe leaders of Greece, Israel and Greek administered Cyprus have signed an agreement to build a new gas pipeline across the eastern Mediterranean. However, it contradicts a memorandum of understanding signed by Turkey and Libya over their maritime borders in November. For more on this, Andrew Hopkins spoke to us from Athens where the leaders met. #GasPipeline #Cyprus #Turkey #MaritimeBorders
Carlos Ghosn vows to clear his name after Tokyo escape | Money Talks
January 02, 2020 18:45 - 6 minutes VideoTurkish authorities have arrested seven people, including four pilots, in connection with former Nissan chairman Carlos Ghosn's escape to Lebanon via Istanbul. It's just part of what's become an international effort to piece together how the executive was able to flee Tokyo despite being under 24-hour surveillance. He was awaiting trial in Japan for a host of financial crimes. His escape is the latest twist in the more than year-long scandal that has rocked the world's leading auto alliance. ...
Large parts of Amazon forest destroyed in 2019 | Money Talks
December 31, 2019 16:48 - 7 minutes VideoIn recent decades, an estimated 450,000 square kilometers of Brazil's Amazon have been converted to cattle pasture. That's an area the size of Sweden. It's angered environmental experts, who say decimation of the rainforest has only got worse since Brazil's President Jair Bolsonaro took office in January. He delivered on campaign promises to open-up the Amazon for business, by scaling back environmental laws, and allowing waves of loggers and ranchers to clear more land for lumber and cattle....
Climate change activism intensifies in 2019 | Money Talks
December 31, 2019 16:45 - 8 minutes VideoFrom Swedish climate campaigner Greta Thunberg to the international protest movement Extinction Rebellion, 2019 was the year climate activism hit the headlines. Some said we should stop eating red meat, others suggested giving-up air travel. But at the same time, we learned global emissions hit an all-time high. So Sarah Morice asks, for all the noise the protesters are making, is anyone really listening? For more on this, Sven Harmeling spoke to us from Bonn, Germany. He's the Global Policy ...
Transport strike hits French businesses hard | Money Talks
December 30, 2019 18:21 - 2 minutes VideoAs the Yellow Vest protests continued across France in 2019, President Emmanuel Macron's government addressed the demands by promising tax cuts, higher pensions and an overhaul of the public sector. But this has done little to calm tensions. And now the country is in the midst of a transport crisis as workers protest against pension reforms. Officials say the policy changes are necessary to protect the lowest earners without increasing the government's burden beyond its budget. And as neither...
Robot replacements threaten South Korean workers | Money Talks
December 27, 2019 17:03 - 2 minutes VideoSouth Korea recently announced a 300-million-dollar research and development plan for the robotics industry. It's part of the Fourth Industrial Revolution. But independent studies estimate some 800-million people globally could be displaced by automation and the rise of artificial intelligence in the next decade. And as Joseph Kim reports, in a high-tech economy such as South Korea, the transition could be devastating for the workforce.
Turkey unveils first domestically produced car | Money Talks
December 27, 2019 17:02 - 4 minutes VideoTurkish President Recep Tayyip Erdogan has officially opened the factory site for the country's first domestically produced electric vehicles. The 3.7 billion dollar complex just outside Istanbul will begin commercial production in 2022 and it's expected to build as many as 175,000 cars every year. Our Senior Business Producer Mobin Nasir attended the event and told us more about car manufacturing project.. #Turkey #ElectricSUV #ToggCar
Streaming platforms battle it out for viewers | Money Talks
December 27, 2019 16:48 - 7 minutes VideoThe battle between streaming services intensified this year, with Apple and Disney launching their own platforms to rival Netflix, Hulu and Amazon Prime. Both came to the market with considerable money to spend, meaning more competition for the sector and more choice for consumers. But as Nick Harper reports, it comes at a cost. For more on this Natan Edelsburg joined us from New York. He's Chief Operating Officer at Muck Rack. #Netflix #HBO #AppleTV #Disney
Boeing has tough year after 737 MAX grounding | Money Talks
December 26, 2019 17:29 - 7 minutes VideoIt's been a year to forget for the US plane-maker, Boeing. The 737 MAX was its best-selling model but after two deadly crashes, the jet remains grounded worldwide, costing the company billions of dollars. This week CEO Dennis Muilenburg was fired just days after Boeing announced it would temporarily halt production of the aircraft. This will likely have an impact on the entire US economy, as well as thousands of suppliers worldwide. Jagruti Dave reports from Washington. #Boeing #DennisMuilenb...
Hong Kong market unshaken by anti-government protests
December 24, 2019 19:02 - 10 minutes VideoIt's been a big year for stock markets across the world - but few places have seen the sort of ups and downs that Hong Kong's has witnessed over the past 12 months. As protests have rocked the international financial centre, its stock exchange has tried to adapt to a challenging global market. It's seen some big action as well - not least of which is China's largest firm finally coming home. Joel Flynn has more for us from Hong Kong. #HongKongExchange #Alibaba #ABInbev
Uber and Lyft post poor market performances | Money Talks
December 24, 2019 18:40 - 1 minute VideoTwo of the biggest IPOs of 2019 also turned out to be the biggest flops. Ride-hailing pioneer Uber and rival Lyft have lost tens of billions of dollars in market valuation since going public. But analysts say investors don't have to jump out of the car just yet. #Uber #Lyft #IPOs
African free trade zone to be world's biggest | Money Talks
December 23, 2019 19:20 - 4 minutes VideoWhile several countries were feuding this year, nations of the African continent banded together, initiating the first phase of the Continental Free Trade Agreement in July. The deal paves the way for the region to become the world's largest single trading market. At a summit in Niger, some of the last remaining member states, including Nigeria, finally joined the trade pact, which is expected to increase investment and manufacturing. But many issues still need to be negotiated until it's ful...
South Korea and Japan row hits trade and security | Money Talks
December 23, 2019 19:15 - 3 minutes VideoLeaders from Japan and South Korea are holding a summit in China this week as they look to defuse tensions over trade stemming from historical feuds. The latest rift, however, threatens both global security and trade. And as Joseph Kim reports, a solution to the on-going problem isn't going to come easy. #Japan #SouthKorea #Trade
US tariffs hit Chinese shop owners | Money Talks
December 23, 2019 19:11 - 10 minutes VideoChina has announced it will cut import tariffs on hundreds of goods next week as it tries to boost trade and shore-up its slowing economy. It's been 18 months since the US and China kicked-off their costly trade war - rattling global supply chains and financial markets. While 2019 started with a truce, matters abruptly turned sour when talks broke down. And despite things cooling-off again with the announcement of an initial deal, some are worried about what 2020 will bring. Samantha Vadas re...
Star Wars finale lights up theatres worldwide | Money Talks
December 20, 2019 17:51 - 2 minutes VideoThe final instalment of the Star Wars Saga is arriving in cinemas with hard-core fans camping out days ahead of its release in Hollywood. The global phenomenon has delighted generations of moviegoers for more than 40 years. Danielle Robertson attended one of the screenings Los Angeles. #StarWars #GeorgeLucas #BoxOffice
South Korean firm picks bones of shuttered startups | Money Talks
December 20, 2019 14:23 - 2 minutes VideoMany South Koreans open small businesses to make ends meet or help fund retirement. But very few ever find lasting success. Bruce Harrison visits a company that's booming because other businesses are going bust. Its success provides a troubling look at the South Korean economy and society. #StartUps #SouthKorea #Economy
Unpopular tariff hike offers hope to India's telcos | Money Talks
December 19, 2019 19:31 - 2 minutes VideoIn early December, mobile networks in India raised their prices. Even after the hike, the rates are the cheapest in the world. Many customers aren't happy to shell out more, but in the midst of a tariff war, battered telecom firms have few options to increase revenues. Analysts say even higher rates may not be enough to turn around their balance sheets. Radhika Bajaj has more from Mumbai. #India #Tariffs #Telecoms
UK aims for EU trade deal by next year | Money Talks
December 19, 2019 19:27 - 6 minutes VideoThe Queen has opened the British Parliament for the second time this year, in a ceremony stripped of its usual pomp and pageantry. She's outlined Prime Minister Boris Johnson's plans to hike healthcare spending and fight crime. But it's clear the government's priority is to deliver Brexit on time, more than three years after the UK voted to leave the European Union. Paolo Montecillo reports. For more on the store, we were joined by Jonathan Portes. He's a professor of economics and public pol...
Markets shrug off President Trump's impeachment | Money Talks
December 19, 2019 19:23 - 10 minutes VideoDonald Trump has become the third president in US history to be impeached after the House of Representatives charged him with using the power of his office for personal gain. Trump has dismissed the vote as a 'witch hunt' and investors don't seem fazed by the result either, with the Dow Jones and Nasdaq hitting fresh record highs. Even so, the impeachment is a highly significant moment but what exactly does it mean and what happens next? Our North America Correspondent Jon Brain has this rep...
YouTubers unite against platform's ad filters | Money Talks
December 19, 2019 19:19 - 8 minutes VideoForbes has released its list of the highest-paid YouTubers, and it shows two kids, both under the age of 10, got some of the biggest pay days. It's no surprise, as research shows videos with children in them are viewed almost three times as often as other clips. It's also testament to the popularity of using YouTube as a babysitter. According to Pew Research Center, four in five parents with children 11 and younger let their kids go on YouTube to pass the time. The millions that content creat...
Group decorates storefronts left by shuttered businesses in New York | Money Talks
December 18, 2019 20:06 - 2 minutes VideoAt this time of year, thousands of people flock to see the Christmas window displays on New York's 5th Avenue. But falling sales and high property prices have forced many large shops to close down, leaving empty store fronts. One business association has stepped in to decorate the windows and maintain the festive atmosphere that attracts customers to the city's most famous shopping district. Sarah Walton reports from New York. #5thAvenue #ChristmasShopping #RetailSpace
Climate crisis leaves Kenyan farmers high and dry | Money Talks
December 18, 2019 20:00 - 1 minute VideoIn Kenya, farmers are struggling as high temperatures and drought take their toll on harvests. Some coffee farmers have been driven into bankruptcy as they battle with not only extreme weather conditions, but also falling global prices. Mehmet Solmaz reports. #Kenya #CoffeeBeans #Farmers
Guyana to begin oil production this month | Money Talks
December 18, 2019 19:58 - 3 minutes VideoGuyana has a population of fewer than 800,000 people and it's one of the smallest economies in South America. But all that may be about to change because of the discovery of oil. The country's pumping out its first barrels this month. And its finance minister, Jordan Winston was in Istanbul for the Organisation for Islamic Cooperation Investment Conference to attract international companies and investors to Guyana's energy sector. He told TRT World how the government is preparing to get the i...
Businesses pledge $250M at Global Refugee Forum in Geneva | Money Talks
December 18, 2019 19:55 - 5 minutes VideoThe UN High Commissioner for Refugees has raised more than $250 million from private companies at this year's Global Refugee Forum in Geneva. That's money it will use to provide food, shelter and other essentials to about 25 million refugees worldwide. For more, we were joined by Astrid van Genderen Stort in Geneva. She’s heads the UNHCR's emergencies marketing and fundraising section.
Business suffers as strikes continue in France | Money Talks
December 17, 2019 20:16 - 2 minutes VideoFrance is in its twelfth day of a transport strike that has brought trains, subways and buses to a halt. Businesses say the lack of transportation is a disaster for shops and restaurants who rely on the Christmas season. Elena Casas reports from Paris.
Protesters call for economic and political change in Arab countries | Money Talks
December 17, 2019 20:15 - 4 minutes VideoA series of protests have erupted across the Arab world - against corrupt governance and poor economic conditions. Beginning in Sudan, they have enveloped Algeria, Egypt, Lebanon and now Iraq; overthrowing regimes in some states while continuing to clash with others elsewhere. Shoaib Hasan explains why they began and where they could be headed. #ArabSpring #Algeria #Corruption
Ethiopia to announce new commitments for refugee welfare | Money Talks
December 17, 2019 20:10 - 2 minutes VideoEthiopia is expected to announce new commitments for refugees at the forum in Geneva this week. The meeting will propose measures to ease pressures on host countries and enhance encourage refugees' self-reliance. The country has already passed a new law allowing refugees to work. But as Coletta Wanjohi reports from Addis Ababa, many refugees are still waiting for the opportunity. #Ethiopia #Refugees #Welfare
WEF: Gender gap to take 99.5 years to close | Money Talks
December 17, 2019 20:07 - 2 minutes VideoSome of the most powerful international organisations are now led by women. There have never been more women running Fortune 500 firms, and dozens of nations are also female-led. But according to the World Economic Forum's latest gender gap report, equality between men and women remains elusive. The report measures parity in the workforce, education, health and political representation, and found that men are still way ahead in all four areas. #GenderGap #WEF #Inequality
Boeing halts production of 737 MAX aircraft | Money Talks
December 17, 2019 19:55 - 9 minutes VideoBoeing's share price is plunging after the company announced a temporary halt in the production of its troubled 737 MAX aircraft. Deliveries of these planes have been suspended for the past nine months, causing big losses for the US aircraft maker. And as Mobin Nasir reports, the latest stoppage could be even more costly for Boeing, its suppliers and the US economy. For more on this, Savio D'Souza spoke to us from London. He's the Aviation Director for the business valuation consultancy, Bran...
Delegates in Geneva for first refugee forum | Money Talks
December 17, 2019 12:08 - 7 minutes VideoPoliticians and organisations from around the world are gathering at the United Nations in Geneva for the first Global Refugee Forum. The meeting aims to find new ways of helping more than 25 million refugees around the world - and Turkey is one of five countries co-chairing it. Our diplomatic correspondent Andrew Hopkins reports from Geneva. For more on this, Andrew Hopkins joins us now from Geneva. #Refugees #Geneva #Syria
Japan unveils heat-busting Olympic stadium | Money Talks
December 16, 2019 19:39 - 1 minute VideoThe 2020 Summer Olympics is eight months away, but the host country, Japan, has already scored a big win. Prime Minister Shinzo Abe has unveiled the state of the art National Stadium in Tokyo ahead of schedule, well under budget and packing very cool features. #SummerOlympics #Japan #NationalStadium
Designer upcycles trash from the HK protests | Money Talks
December 16, 2019 19:36 - 1 minute VideoUmbrellas have become the most visible symbol of the Hong Kong protests. Protesters have used use them to protect themselves from tear gas during clashes with the police. And one Hong Kong designer has found a new way to salvage the discarded parasols. Rahuk Radhakrishnan has more. #HongKongprotests #Upcycling #Design
Women drive up overall spending in China | Money Talks
December 16, 2019 19:27 - 2 minutes VideoGrowth in China's economy has been losing steam in recent years, with the 18-month long trade war taking an additional toll on the economy. But the retail sector has been a bright spot - sales grew almost 13 percent in the first three quarters of this year. And as Patrick Fok finds, a booming so-called 'Sheconomy' is responsible for much of that growth. #China #BuyingPower #RetailData
Markets cheer US-China trade deal | Money Talks
December 16, 2019 19:21 - 7 minutes VideoUS and Chinese stock markets started the week strong, after the two countries agreed to a trade deal on Friday. The Dow hit a new record high on the news, as did Europe's Stoxx 600. US President Donald Trump says the agreement will boost exports to China, but with few details made public so far, many businesses aren't celebrating just yet. Mobin Nasir reports. For more on this Phar Kim Beng joined us from London. He's is an economist and the chairman of Echo Strategic Insight. #TradeDeal #Mar...
US and China agree to a 'tentative' trade deal | Money Talks
December 13, 2019 17:34 - 3 minutes VideoFor years, US President Donald Trump has accused China of 'stealing American jobs', and engaging in unfair trading practices. In July last year, the US began a costly trade war with China. So far it's levied tariffs on more than $360B of Chinese products. China, which believes the US is trying to prevent its rise as a global economic power, retaliated with tariffs of its own on more than $110B worth of American goods. Negotiations to end the trade war haven't gone smoothly. But on Friday, the...
UK Conservatives win majority in parliament | Money Talks
December 13, 2019 17:30 - 9 minutes VideoCurrency and stock markets have rallied after British Prime Minister Boris Johnson's resounding victory in general elections on Thursday. The Conservatives' landslide win has re-drawn the political map, flipping seats in Labour strongholds on the promise of getting Brexit done. Parliament will now have the biggest Tory majority since the time of Margaret Thatcher, and the road to Brexit has never been more free of hurdles. Sarah Morice reports. For more, we spoke to Pieter Cleppe, who runs th...
Firm offers cleaner transport in polluted Delhi | Money Talks
December 12, 2019 19:14 - 2 minutes VideoIndian start-up Yulu has introduced battery powered bikes to the streets of New Delhi, the world's most polluted capital. It launched two years ago with initial funding of $7 million and reportedly, has just secured a further $8 million of investment. The global electric bike market is expected to be worth almost $24 billion by 2025. But the pollution and street congestion in India's capital could make it a difficult market for the company to crack, as our correspondent Jagruti Dave reports.
Turkey's central bank cuts key interest rate | Money Talks
December 12, 2019 19:13 - 6 minutes VideoTurkey's central bank has reduced borrowing costs for the fourth time this year. Governor Murat Uysal, who has been in office since July, has rolled back most of the interest rate hikes aimed at fighting last year's currency crisis. He says an improvement in inflation has driven the decision. The bank has slashed its benchmark interest rate from 14 to 12 percent, exceeding expectations and marking a 12 percentage point drop in less than six months. Taha Arvas, a financial columnist at the Dai...
Protesters demand overhaul of political system | Money Talks
December 12, 2019 19:10 - 6 minutes VideoAlgerians headed to the polls on Thursday for the first time since President Abdelaziz Bouteflika was ousted in April. But there have been calls for a boycott, because the five main candidates are members of the former regime. For 10 months, protesters demanded a change in the status quo. They call the election a sham - designed to keep the political elite in power. An elite, protesters say, that is only interested in controlling the country's massive oil and gas reserves. Reagan Des Vignes r...
EU aims to become carbon neutral by 2050 | Money Talks
December 12, 2019 19:04 - 6 minutes VideoThe new EU president Ursula von der Leyen has revealed an ambitious plan to make the 28-member bloc climate neutral by 2050. European leaders are in Brussels to discuss the so-called 'Green Deal' which includes plans to dramatically slash greenhouse gas emissions and other sources of pollution. Some member countries are already sceptical, while activists say governments must act sooner to fight the climate crisis. Mobin Nasir reports. We get more on this with Karel Lannoo, the CEO of the Cent...
Officials aim to decouple from Israeli economy | Money Talks
December 11, 2019 19:20 - 4 minutes VideoPalestinian officials say they're taking steps to reduce reliance on Israel's economy. They're calling on international businesses to deal directly with Palestinian businesses. As part of this push, Palestinian economy minister, Khaled Osaily was in Istanbul for the Organisation of Islamic Countries Investment Conference where T-R-T World's Mobin Nasir asked him about the economic toll of the Israeli occupation. #PalestineEconomy #IsraeliEconomy
Protests continue against new pension reforms | Money Talks
December 11, 2019 19:13 - 3 minutes VideoFrance has unveiled the details of a controversial pensions reform plan which has caused a nationwide strike that's now in its seventh day. Hoping to appease unions and workers, the government on Wednesday promised the overhaul wouldn't affect older workers, while it's raised the retirement age for full pensions. The reform will unite more than 40 separate pension plans into a universal points-based system. It will be applied to those entering the job market for the first time in 2022 but it ...