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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India decides not to join Asian free-trade pact | Money Talks
November 04, 2019 19:18 - 6 minutes VideoHope that the world's biggest trade deal would be signed this year have been dashed after India announced it is pulling-out of the pact. New Delhi made the announcement after a meeting of leaders from the Association of Southeast Asian Nations in Bangkok. ASEAN members have been racing to approve the China-backed trade deal as a way to push back against US protectionism, as Sibel Karkus reports. For more on this, Phar Kim Beng joins me live from London. He's a political economist and the foun...
India declares public health emergency | Money Talks
November 04, 2019 19:10 - 1 minute VideoThe Indian government has declared a public health emergency in New Delhi. Air pollution has hit its worst levels this year, with a thick haze choking the Indian capital. It's likely caused by plumes of smoke from farm fires raging in neighbouring states.. and people have been advised to avoid leaving their homes. Jagruti Dave is in New Delhi with this report. #ToxicAir #AirPollution #NewDelhi
Saudi Aramco begins book building for share sale | Money Talks
November 04, 2019 19:09 - 7 minutes VideoThe world's most profitable company is getting ready to share its riches with international investors. Saudi Aramco has announced plans to list, in what could be the world's biggest initial public offering. It's inviting bids from banks, before it sells shares to the public. Officials are hoping to raise billions of dollars through the share sale, but as Mobin Nasir reports, meeting investors' expectations could come at a hefty cost for the kingdom. Captain Ranjith Raja joined us from Dubai. ...
Hong Kong protests hit retailers and tourism | Money Talks
November 04, 2019 12:24 - 6 minutes VideoFive months of protests in Hong Kong have left its economy even weaker than many economists had expected. The international financial hub was already feeling the brunt of the US-China trade war and a slower global economy. And some analysts say the city is heading towards an economic crisis. The economy shrank 3.2 percent in the third quarter after slowing half-a- percent the previous quarter. And for more on this Phar Kim Beng gave us analysis from London. He's a political economist and fou...
Singapore tests flying taxi service | Money Talks
November 01, 2019 17:39 - 2 minutes VideoFlying cars have always been a popular, sci-fi fantasy staple. But imagination is now moving closer to reality. Companies are betting millions on air taxis, and Singapore could be the first to see the service take off. Sandy Huang reports. #TaxiService #PilotedDrone #Singapore
Online shopping a threat to China street vendors | Money Talks
October 31, 2019 19:47 - 2 minutes VideoAn online shopping boom in China has made it tough for traditional retailers in recent years. As a result, stores and malls in the world's second-biggest economy are falling victim to changing consumer trends. And as Samantha Vadas reports, even street markets that are centuries old are at risk. #OnlineShopping #NightMarket #TraditionalRetailers
US Fed cuts interest rates by 25 basis points | Money Talks
October 31, 2019 19:40 - 4 minutes VideoThe Federal Reserve has cut interest rates for the third time this year, as growth in the US economy continues to slow. The central bank lowered its benchmark rate by 25 basis points on Wednesday to a range of 1.5 to 1.75 percent. It signaled rates would remain on hold unless the economy takes a sudden turn for the worse. The US economy slowed to an annual growth rate of 1.9 percent in the third quarter- the slowest this year. Daniel Lacalle spoke to us from Madrid. He's chief economist at a...
Fiat Chrysler, Peugeot announce $50B merger | Money Talks
October 31, 2019 19:34 - 6 minutes VideoAfter much speculation, Fiat Chrysler and Peugeot-maker, PSA, have announced a mega-merger. The boards of the two firms have given the go-ahead for the deal, which would create the fourth-largest carmaker in the world. It's set to reshape the global auto sector and rival Europe's dominant carmaker, Volkswagen. Their sheer size will help them confront challenges in the car market.. but as Sibel Karkus reports, it may not be enough to compete with bigger rivals. For more on this Juan Felipe Mun...
NCAA allows paid endorsements for athletes | Money Talks
October 30, 2019 20:07 - 2 minutes VideoCollege sports in the US are a lucrative business for everyone involved except the student athletes. But that's about to change. The National Collegiate Athletics Association represents more than a thousand schools. And it's rewriting its rules to allow varsity players to pocket some of the profits. Paolo Montecillo has more. #CollegeSports #NCAA #AdvertingDeals
Boeing CEO admits mistakes made in 737 MAX design | Money Talks
October 30, 2019 20:06 - 2 minutes VideoBoeing chief executive, Dennis Muilenburg, testified before the US Congress on Tuesday. He admitted to senators that his company made mistakes with the design of its 737 Max jets and deserves the scrutiny it's receiving after two crashes killed 346 people. Sally Ayhan reports. #Boeing #737MAX #PlaneCrash
Lebanon’s PM resignation fails to end protests | Money Talks
October 30, 2019 19:58 - 6 minutes VideoTwo weeks of protests across Lebanon have culminated in Prime Minister Saad Hariri's resignation. The demonstrations against his government have paralysed the country's already struggling economy.. with schools, banks and businesses closed for several days. Hariri's resignation fulfils a key demand of the protesters, but as Sibel Karkus reports, it leaves the country in even greater uncertainty. Kamel Wazne spoke to us from Beirut, he’s an expert on Middle Eastern and economic studies and wa...
UK early election aimed at breaking Brexit deadlock | Money Talks
October 30, 2019 19:53 - 9 minutes VideoBritish Prime Minister Boris Johnson has finally scored a win in parliament. Lawmakers have agreed to his request for a general election on the 12th of December. While Johnson hopes the vote will break the Brexit deadlock, markets face weeks of even more uncertainty ahead of Britain's third elections in just four years. The potential outcomes all have risks for investors, and could plunge the country's political system deeper into chaos. Simon McGregor-Wood has this report from London. Jonath...
Drying Mekong River threatens livelihoods in Thailand | Money Talks
October 30, 2019 19:37 - 2 minutes VideoA new dam on the Mekong River in Thailand is generating electricity and controversy. Villagers have been protesting against the construction of the Xayaburi Dam since it began nine years ago. Now, as its turbines begin to power the national grid, many are at a loss over how to save livelihoods. Mobin Nasir reports. #MekongRiver #ElectricityGeneration #XayaburiDam
Global leaders return to Saudi investment forum | Money Talks
October 30, 2019 19:36 - 8 minutes VideoSaudi Arabia's annual investment summit, called Davos in the Desert, has kicked off. Last year, many business leaders refused to attend after the killing of Saudi journalist Jamal Khashoggi. But one year on, some of them have returned. And as Sibel Karkus reports, that's to do with Saudi oil giant, Aramco. For more on this Manouchehr Takin joined the show from London. He's an international oil and energy consultant, who has worked for the OPEC Secretariat and the Centre for Global Energy Stud...
UK parliament approves December elections | Money Talks
October 30, 2019 19:23 - 7 minutes VideoHoliday greetings and campaign slogans could fight for attention in the UK this Christmas season. UK Prime Minister Boris Johnson's wish for an early election in December could come true. That's after parliament approved Prime Minister Boris Johnson's request for elections in December. The government says voters would be the key to settling the deadlock over Brexit. Paolo Montecillo reports. And for more on this Iain Begg joined us from London. He's a professorial research fellow at the Londo...
Chile cabinet reshuffle fails to end demonstrations | Money Talks
October 30, 2019 19:15 - 2 minutes VideoChile's President Sebastian Pinera has lifted a state of emergency and replaced his cabinet. Yet he's failed to end protests against his government's policies. Many Chileans blame them for their economic hardships. The demonstrations began two weeks ago over hikes in public transport fares. The government's scrapped those increases, but that's done little to improve conditions. Chile still has the worst income inequality in the world. #Chile #TransportFares #StateofEmergency
Alberto Fernandez wins Argentina presidential election | Money Talks
October 28, 2019 19:56 - 8 minutes VideoAlberto Fernandez is the winner of Argentina's presidential election. It means a return to the center-left after four years under conservative leader Mauricio Macri. As Sibel Karkus reports, the vote was dominated by concerns over an ailing economy. For more on this, Carlos Caisedo spoke to us from London. He's a Latin America Country Risk analyst at IHS Markit. #Fernandez #Argentina #PresidentialElections
LVMH makes bid for Tiffany | Money Talks
October 28, 2019 19:49 - 1 minute VideoDiamonds may be a girl's best friend, but it seems LVMH's chief Bernard Arnault has taken a shine to them as well. The world's biggest luxury group is looking to add another upscale brand to its empire, to help them get another foothold in the lucrative US market. #LuxuryGoods #LVMH #Tiffany
HSBC announces restructuring plans | Money Talks
October 28, 2019 19:47 - 4 minutes VideoHSBC is launching a major restructuring plan that could see its business shrink in the US and Europe. Interim Chief Executive Noel Quinn says the bank's performance in these markets is 'unacceptable'. We got more from TRT World's Senior Business Producer Mobin Nasir. #HSBC #Restructuring #Banking
EU agrees to extend Brexit deadline to January 31 | Money Talks
October 28, 2019 19:46 - 7 minutes VideoThe European Union has agreed to grant the UK a three-month Brexit delay until the end of January, removing the risk of a damaging no-deal withdrawral. Britain was due to leave the EU on October 31, but the ongoing impasse in the UK Parliament has made that deadline impossible. And as Paolo Montecillo reports, the government wants to get help from voters to break the deadlock. For more, let's go to Roger Casale, a former Labour member of the UK parliament. He's also the founder and head of th...
Boeing profit drops 53% in third quarter | Money Talks
October 25, 2019 09:03 - 5 minutes VideoBoeing has missed earnings expectations. Third quarter results on Wednesday show that nearly a year after the first of two fatal crashes, the aircraft maker is still struggling with the fallout. For more on this, Sarah Walton joined us from New York. #Boeing #FatalCrashes #AircraftMaker
China to host FIFA Club World Cup | Money Talks
October 24, 2019 19:14 - 1 minute VideoThe football Club World Cup is moving to China. The FIFA Council says its expanding the tournament to include more teams, including one from the host nation. It's a big win for Beijing, which says its next goal is to host the FIFA World Cup. But many fans and players are calling foul. They're accusing FIFA of ignoring China's poor human rights record. #FIFA #ClubWorldCup #NBA
Thailand bets on tech sector to spur economy | Money Talks
October 24, 2019 19:12 - 2 minutes VideoTextiles, auto assembly and other manufacturing industries have driven Thailand's growth over the past three decades. But now many of these businesses are losing ground to competitors in Laos, Vietnam and other countries. Looking to spur the economy, the Thai government's betting on high-tech. Mobin Nasir reports from Rayong. #Manufacturing #Technology #Robots
Nigeria import ban leads to rising food prices | Money Talks
October 24, 2019 19:10 - 2 minutes VideoNigerians are paying more for food, especially rice, since the government shut part of its land borders two months ago. Authorities have now banned all imports through its land borders, saying it wants to prevent smuggling and protect local rice farmers from foreign competition. But local growers have so far been unable to meet domestic demand for the staple. Hillary Nnoruka reports on how food vendors and consumers are coping. #NigeriaBorder #ImportBan #Rice
Turkish central bank cuts rate by 250 bps | Money Talks
October 24, 2019 19:05 - 5 minutes VideoThe Turkish Central Bank has announced a larger-than-expected cut in its key interest rate. Monetary authorities are taking advantage of easing inflation and a more stable lira to give the Turkish economy more support. Lower borrowing costs help spur spending and investments among businesses and consumers. The rate cut also comes after Washington cancelled sanctions that had rocked Turkish markets. The central bank slashed its benchmark rate by 2.5 percentage points to 14 percent. Investors e...
Mario Draghi leaves ECB with mixed legacy | Money Talks
October 24, 2019 19:03 - 8 minutes VideoThe European Central Bank has decided to keep its key interest rate unchanged. Thursday's policy meeting was Mario Draghi's last as president of the bank, before he officially leaves on October 31. While he's credited with saving the euro when he first took office, he bows out with a rather mixed legacy. Sibel Karkus has more. For on this Peter Vanden Houte joined us from Brussels. He's the chief economist at ING Group. #MarioDraghi #ECB #Euro
Fish sellers revive conflict-hit market in Iraq
October 23, 2019 20:03 - 1 minute VideoMore than two years after Daesh was defeated in Iraq, much of Mosul's Old City remains in ruins. Its main market was forced to close during the conflict. But as Natasha Hussain reports, fish sellers have returned to their old spot and brought life back to the historic market square. #FishMarket #Iraq #Daesh
Putin hosts first Russia-Africa economic forum | Money talks
October 23, 2019 19:59 - 2 minutes VideoRussian President Vladimir Putin has vowed to double trade with Africa. He made the announcement at the first Russia-Africa summit. Three thousand delegates from all 54 African nations are attending. The focus is on bilateral relations, as well as expanding Russian investment and diplomatic projects across the continent. Ross Cullen sent us this update from Sochi. #BilateralTrade #Russia #Africa
Hong Kong lawmakers officially scrap extradition bill | Money Talks
October 23, 2019 19:53 - 2 minutes VideoAfter months of protests in Hong Kong, the extradition bill that sparked it all has finally been killed. In a short second reading in the Legislative Council, the amendment was withdrawn without opposition - and without fanfare. It came after a report that Beijing could be planning to replace Chief Executive Carrie Lam, as fallout from unrest in the city grows. Joel Flynn has more. #HongKong #ExtraditionBill #CarrieLam
Facebook delays launch of digital currency | Money Talks
October 23, 2019 19:51 - 6 minutes VideoFacebook has put a hold on its digital currency plans, until it gets the approval of US regulators. Chief Executive Mark Zuckerberg told the House Financial Services Committee on Wednesday that he would delay the launch of Libra until lawmakers and regulators were convinced that it did not pose a security threat. Lawmakers are worried the cryptocurrency would enable money laundering and terrorism financing and would disrupt the global financial system. For more, we spoke to Jeffery Tucker in ...
US President Donald Trump lifts sanctions on Turkey | Money Talks
October 23, 2019 19:48 - 3 minutes VideoThe Trump administration is lifting US sanctions on Turkey. They were imposed at the beginning of Ankara's Operation Peace Spring in northern Syria. US President Donald Trump's announcement comes after Turkey agreed to suspend its anti-terror operation in the region. Washington's sanctions announced earlier this month had targeted Turkey's defence and energy ministries. The US also froze the assets of the Turkish ministers of defence, energy and interior, and banned them from transactions tha...
Doctors use nature as mental health therapy | Money Talks
October 22, 2019 20:32 - 2 minutes VideoThe stigma of mental health issues is beginning to lift. People around the world are opening up about conditions like stress, depression, anxiety and burnout. One result has been that more people are seeking treatment. In the UK, Public Health England reports 17% of the adult population is taking antidepressants. Official data shows prescriptions for antidepressants have nearly doubled in 10 years to reach 71 million in 2018. But as Alanna Petroff reports, some doctors are finding that natur...
Dutch company revives use of windmills | Money Talks
October 22, 2019 20:28 - 1 minute VideoThe war against climate change is being waged on many fronts. One company in the Netherlands has found a colourful and uniquely Dutch way of cutting its carbon footprint. Paolo Montecillo has the story. #Carbonfootprint #Paint #Windmills
Malaysia rejects currency manipulation charge | Money Talks
October 22, 2019 20:16 - 3 minutes VideoMalaysia's prime minister Mahathir Mohammad says his country may be targeted by US sanctions. Washington accuses Kuala Lumpur of manipulating the value of its currency, the Ringgit, and warns it could face punitive measures. Trt World's Senior Business Producer Mobin Nasir met with Malaysia's former trade and industry minister Rafidah Aziz, on the sidelines of the TRT World Forum in Istanbul. He began by asking her if Malaysia, is a currency manipulator. #Ringgit #CurrenyManipulation #USsanc...
Canadian Liberals will lead minority government | Money Talks
October 22, 2019 20:13 - 6 minutes VideoCanadian Prime Minister Justin Trudeau has scraped through to win another term in office after a tight general election. His Liberal Party will now head a minority government after losing its majority in parliament and the popular vote. Monday's election was widely seen as a referendum on Trudeau himself, and the result shows it's been a rebuke of his scandal-plagued first term. Sibel Karkus has more. We spoke to former assistant to the Deputy Canadian Minister of Foreign Affairs, Chris Alexa...
Softbank to takeover co-working startup WeWork | Money Talks
October 22, 2019 20:09 - 5 minutes VideoWeWork's finally found a way out of its financial troubles. The office-sharing company's been burning through its cash reserves and was expected to run out of money this month. But now its directors have struck a deal with the Japanese conglomerate, Softbank, which is WeWork's biggest backer. It will fill the firm's depleting coffers, but show's WeWork's co-founder Adam Neumann the door. The deal values WeWork at nearly eight billion dollars. For more on this, Santosh Rao joined us from New Y...
The world's longest flight lands in Sydney | Money Talks
October 21, 2019 20:06 - 1 minute VideoAustralia's flag carrier Qantas completed the world's longest non-stop flight on Sunday. With demand for air travel growing, the airline wants to make these flights a regular thing. #Qantas #Australia #NonStopFlight
Chilean government backs down but fails to end violence | Money Talks
October 21, 2019 20:03 - 2 minutes VideoCities across Chile are under a state of emergency, after deadly protests against a metro ticket price hike. For many Chileans the protests are about more than fare hikes. Sibel Karkus explains what's behind the violent protests in one of the richest countries in Latin America. #Chile #AntiGovernmentProtests #
Unilateralism seen as threat to globalisation | Money Talks
October 21, 2019 19:59 - 3 minutes VideoMithat Rende is a former chairman of the Organisation for Economic Cooperation and Development which aims to boost international trade and investments. Our senior business producer Mobin Nasir caught up with him on the sidelines of the TRT World Forum, and began by asking him if the era of globalisation, is over? #Unilateralism #MithatRende #OECD
Albayrak: Trade wars threat to global growth | Money Talks
October 21, 2019 19:55 - 1 minute VideoTurkey's Finance Minister Berat Albayrak says unilateralism, trade protectionism and the use of economic sanctions for political gain are threatening global trade. Speaking at the TRT World Forum in Istanbul he stressed the need to continue strengthening and following internationally agreed rules for trade and investment. Albayrak also says trading partners should look beyond US dollars for the exchange of goods and services. #Turkey #FinanceMinister #Albayrak
Hariri delivers reforms amid anti-government protests | Money Talks
October 21, 2019 19:52 - 5 minutes VideoLebanese Prime Minister Saad Hariri says the government won't introduce any new taxes on individuals and has promised to halve the salaries of ministers and lawmakers. It's part of a reform package and budget for 2020 drawn up in response to anti-government protests that have gripped the country over the past few days. Hariri's economic plan includes a budget deficit of 0.6 percent of GDP for next year, down from the previous target of 7 percent. He's also promising more aid to poorer familie...
US implements tariffs on $7.5B of EU goods | Money Talks
October 21, 2019 11:00 - 2 minutes VideoImporting French wines, Italian cheeses and Spanish olive oil just got more expensive for Americans. The US has introduced a 25 percent tariff on seven and a half billion dollars worth of EU products as part of a ruling by the World Trade Organization. The US was allowed to implement the measures after the WTO ruled that European planemaker Airbus received billions of dollars of illegal subsidies from the EU. Now, thousands of small US retailers warn the import tax could force them to raise ...
Brands target young Chinese via social media| Money Talks
October 17, 2019 19:37 - 2 minutes VideoChina makes up about one-third of all global spending on luxury goods. But as the Chinese economy slows, big-name luxury brands are rethinking their marketing strategies by targeting wealthy millennials looking for big bargains. And as Sandy Huang reports, they're tapping into social media for help. #OnlineShopping #SocialMedia #LuxuryBrands
Powerful typhoon set to be Japan's costliest | Money Talks
October 17, 2019 19:32 - 2 minutes VideoTyphoon Hagibis has wreaked havoc on central and eastern Japan killing more than 70 people and injuring hundreds of others. The country has had to cancel major events including some Rugby World Cup matches and the new emperor's enthronement ceremony. It's the most powerful storm to hit since 1958, and as Laila Humairah reports, it's expected to be one of Japan's costliest too. #Typhoon #NaturalDisaster #RWC2019
Maasai women learn beekeeping for conservation | Money Talks
October 17, 2019 19:29 - 2 minutes VideoThere's a hive of activity in rural Tanzania. It's transforming women's lives, giving them financial independence and turning them into conservationists. Liz Maddock explains. #Maasai #Beekeeping #Conservation
Washington and Ankara agree to northeast Syria ceasefire | Money Talks
October 17, 2019 19:27 - 5 minutes VideoUS Vice President Mike Pence says Washington agrees with the need to establish a safe zone on Turkey southeastern border. The comments follow his meetings with Turkish President Recep Tayyip Erdogan and other senior government officials. As part of the agreement, Turkey will establish a 32 kilometer safe zone. The deal entails a ceasefire that allows a YPG withdrawal. Vice President Pence says Washington will not impose further sanctions on Ankara. Financial columnist Taha Arvas joined us in ...
UK and EU reach deal after lengthy negotiations | Money Talks
October 17, 2019 19:23 - 6 minutes VideoUK Prime Minister Boris Johnson has struck a Brexit deal with the EU. Teams of negotiators have been racing to get an agreement in time for the UK's planned departure from the bloc on October the 31st. But as Sibel Karkus reports, Prime Minister Johnson now faces what's likely to be a knife-edge vote in his own parliament. For more on this, we spoke to Rajneesh Narula from London. He's a professor of International Business Regulation at the University of Reading Henley Business School. #Brexi...
Huawei says its strong despite trade ban | Money Talks
October 16, 2019 19:32 - 1 minute VideoStrong in the face of US sanctions - that's the message Huawei seemed to want to send with its latest financial report. The Chinese tech company said revenue for the first nine months of the year jumped 24 percent from the year before, and boasted about its advances in 5G technology. But what Huawei didn't reveal may give more clues as to how the company is really doing.. #TradeBan #Huawei #USsanctions
Anti-government protesters prevent Lam's speech | Money Talks
October 16, 2019 19:31 - 5 minutes VideoHong Kong Chief Executive Carrie Lam has pledged to address the city's notorious housing shortage in her annual policy address. She attempted to give the speech in the Legislative Council, but heckling in the chamber forced her to retreat and deliver her speech via video instead. Her comments come as US lawmakers establish an annual review on Hong Kong's autonomy. They're evaluating whether it still merits special trading status. Caroline Malone reports from Hong Kong. For more on this, Phar ...
EU's Donald Tusk says deal still possible this week | Money Talks
October 16, 2019 19:29 - 7 minutes VideoThe UK and EU are on the verge of striking a Brexit deal. With just two weeks left until Britain's planned exit from the EU, last-minute talks to try and seal an agreement are under way. Officials say differences over the terms of the split have narrowed, but some obstacles remain. Sibel Karkus has more. For on this we were joined by Economist Steve Keen in Amsterdam. #IrishBoarder #Brexit #Negotiations