Jeff Koons Rabbit sculpture sold for a whopping $91.1M | Money Talks Money Talks 2019-05-17 | Jeff Koons has reclaimed the title of the world's most expensive living artist. His 'Rabbit' sculpture sold for more than 20 million dollars above its estimate and broke art records when the hammer came down at a contemporary art auction in New York. Koons has long built a reputation for challenging conventional art, and his 'Rabbit' statue is no different. #Koons #RabbitSculpture #ArtSubscribe: http://trt.world/MoneyTalksLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Country Garden shares plunge 17% to new record low Money Talks 2023-08-14 | The crisis in China's real estate sector continues to grow, with a top developer Country Garden halting trading of its domestically offered bonds after admitting it had missed a key debt repayment deadline. Shares of the company's stocks fell more than 18% on Monday after the announcement, and the news sent shockwaves around Asian exchanges, with property development firms taking the biggest beatings. Country Garden had been the sector's largest player by sales, but now it joins the ranks of other developers drowning in debt like Evergrande. The company still has a grace period until September 6 to come up with the cash for creditors and released a statement saying it's confident the Chinese property sector will rebound. But that comeback can't come fast enough for Beijing, which has relied on real estate for nearly three decades as an engine of economic growth. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Dried tomato producers in Kahramanmaras return to fields Money Talks 2023-08-14 | It's been more than six months since devastating twin earthquakes hit southeastern Turkiye, killing more than 50 thousand people and displacing millions. But the remaining residents in the region are now trying to get back on their feet after losing their homes and loved ones. Local farmers in the region are hoping to leave the dark days behind, by getting back to what they've been doing for centuries. Khurrum Anis reports. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
AI technology mimicing artists voices threatens industry Money Talks 2023-08-14 | Google and Universal Music are in the midst of negotiating a new deal regarding the licensing of artists' voices for artificial intelligence-generated songs. But, a key question emerges: Does an AI-generated song that imitates famous singers constitute a breach of copyright? Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Italy announces windfall tax on banks Money Talks 2023-08-14 | It's been a shaky week for banks in Italy otherwise known as the Bel Paese, which means beautiful country. Deputy Prime Minister Matteo Salvini announced a surprise 40% windfall tax on lenders' excess profits derived from higher interest rates. The government is hoping to offer financial support to mortgage holders in Italy, by cutting income from corporate taxes. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Prices in China fall 0.3% in July, first time in two years Money Talks 2023-08-14 | Prices in China have fallen for the first time in more than 2 years. The economy is struggling with low consumer demand for domestic goods, which is putting downward pressure on prices. Exports have also been persistently low as the global economy enters a contractionary period, with the US, EU and the UK hiking rates to combat inflation. Emre Boz reports. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Paris prepares of 2024 Olympics Money Talks 2023-08-14 | As Paris prepares for the highly anticipated 2024 Olympic Games, organisers are working to maximise the event's socioeconomic impact. They're aiming to boost economic development, reduce inequality and create employment opportunities for all - through their "wide open" concept. Paris 2024 is hoping to leave a lasting legacy on French society through its partnerships, and social activities. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Asia markets mixed as US inflation cools more than expected Money Talks 2023-08-11 | Asian stocks are mixed this morning after US CPI print came in lower than expected. July consumer prices gained 3.2% on an annual basis, less than the 3.3% consensus from economists. Prices increased monthly 0.2%, as expected. Despite this, the core inflation rate - which strips out food and energy - is still high, standing at 4.7% (still the lowest reading since October 2021 and slightly lower than expected). But investors are now hoping to see a soft landing in the fight against inflation, meaning a gradual slowdown in growth that would altogether avoid a recession. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Disney swings to net loss of $460M in third quarter Money Talks 2023-08-10 | Disney has posted mixed results for its fiscal third quarter, plagued by streaming woes and hefty restructuring costs. Subscriber losses continued over the last three months, with the company reporting a 7.4% decline from the previous quarter, that's a more substantial loss than Wall Street had expected. On Wednesday, Disney announced it joined the streaming fight against password sharing, just like Netflix did earlier this year. But there was good news for the company too, as its parks, experiences and product divisions saw a 13% increase in revenue, especially for its international parks and products. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Chinas CPI falls by 0.3% in July, first deflation since 2021 Money Talks 2023-08-09 | China's economy slipped into deflation in July after consumer prices declined for the first time in more than two years. The consumer price index fell 0.3% year-on-year, after having flatlined in June. A 26% drop in pork prices, which is a staple food in China, contributed to the overall decline. And producer prices, which have been mired in negative territory for the past 10 months fell by 4.4%, while manufacturing activity has contracted for four consecutive months. That's set to put more pressure on the government to consider additional fiscal stimulus at a time when policymakers are also grappling with a property sector slowdown and weakness in trade. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Chinas trade falls more than expected Money Talks 2023-08-08 | China's trade plunged more than expected in July amid slowing global and domestic demand, adding to concerns about growth prospects in the world's second-biggest economy more than six months after it eased pandemic restrictions. Overseas shipments fell 14.5% in dollar terms from a year earlier - the worst decline since February 2020- while imports contracted 12.4%. That left a trade surplus of around $80 billion for the month, down almost 20% year-on-year. A slowdown in the US and other major economies' growth has dragged down Beijing's exports this year. Chinese listed stocks in Hong Kong led losses in Asian markets on Tuesday following the news. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Coup pushes global uranium prices up, threatens supply Money Talks 2023-08-07 | On July 26, members of Niger's presidential guard initiated a coup, overthrowing democratically elected president Mohamed Bazoum. After the military took control, members of the Economic Community of West African States imposed severe sanctions. The recent coup also threatens energy security and access for France and the EU to one key commodity - uranium. Emre Boz has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Oil prices remain steady at four-month high Money Talks 2023-08-07 | Oil prices edged down on Monday but remained at four-month highs, after top producers Russia and Saudi Arabia extended supply cuts. Global benchmark Brent traded at around 86-dollars per barrel while US West Texas Intermediate hovered close to 83-dollars per barrel. Both measures capped their sixth weekly gain last week-- the longest winning streak since January 2022 amid tightening supplies. On Thursday, Riyadh extended its voluntary production cut of 1 million barrels per day for another month, adding that it could be extended or deepened further, in a bid to shore up prices. The kingdom's state oil company Aramco reported a near 38-percent drop in second quarter profits to 30-billion dollars-- reflecting weaker prices. The world's second largest producer Russia also announced it would cut oil exports by 300-thousand barrels per day in September. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Pakistani embassy in Türkiye hosts Mango promotional event Money Talks 2023-08-07 | Mangoes are an exotic fruit rich in fiber. And Pakistan is the fifth largest mango exporter in the world with an annual production averaging 1.8 million tonnes. Pakistani Embassy in Turkiye hosted a promotional event to further introduce this sweet delicacy to Turkish people here in Istanbul and our Kübra Akkoç was there and spoke to Pakistan's Ambassador to Turkiye Yusuf Cuneyd. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Istanbul has worlds 2nd deepest vertical agricultural farm Money Talks 2023-08-07 | As the world grapples with overpopulation, food crises, environmental issues, and grain shortages related to the war in Ukraine, experts believe that the solution lies in vertical farms established in urban centers. Turkiye's Ministry of Agriculture and Forestry is actively working on this by launching the world's second-deepest indoor vertical agriculture center, cultivating new technologies right in the heart of Istanbul. Tulay Kalyon Haznedaroglu has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Indias rice ban to trigger global food crisis Money Talks 2023-08-07 | India sells the world more rice than any other country, and in July it banned the export of most varieties of it, with the exception of basmati. Indian regulators say that a weak monsoon season means its supplies are low, and it can't assure reasonable prices for domestic consumption unless it keeps more of the staple. Analysts say that the ban could last until general elections in April of next year. But before then, the global price of rice is set to rise. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Tech companies report upbeat earnings in Q2 Money Talks 2023-08-07 | The stock market also got a boost from strong quarterly results. The second-quarter earnings season kicked-off with a bang last week, with more than two-thirds of S&P 500 firms that have announced results so far, smashing forecasts. Tech giants Amazon and Apple have also joined their peers this week in reporting better-than-expected results. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
S&P 500 index had best performance through July in 26 years Money Talks 2023-08-07 | Wall Street investors were bracing themselves for a bumpy ride at the beginning of the year. Everyone was worried that aggressive interest rate hikes in 2022 would drag the US economy into a recession - taking the stock market down with it. But so far, that hasn't happened. In July, the S&P 500 index had its best performance in 26 years. As the economic outlook continues to improve, investors are now more optimistic that the rally may sustain itself, at least for the rest of the year. Khurrum Khan reports. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Amazon, Apple beat quarterly earnings expectations Money Talks 2023-08-07 | Shares in Apple fell more than 2% on Thursday after it reported a third quarter of revenue decline. The world's largest company by market value posted a 1.4% revenue fall to almost $82B in the June quarter on weak iPhone sales, which make up almost half of its revenue. However, net profit ROSE in the three-month period by 2.3%, lifted by a rise in its services business. Amazon ALSO beat analyst expectations on Thursday, with its stock jumping 9% in after-hours trading. The e-commerce giant reported an 11% increase in revenue - to more than $134B on stronger-than-expected online sales. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Bank of England raises interest rates to 5.25% Money Talks 2023-08-03 | The Bank of England has raised its interest rates for a fourteenth consecutive period. Its monetary policy committee increased its benchmark lending rate by 25 basis points to 5.25%, taking it to a 15-year high. It comes as policymakers continue to tackle sticky inflation. Consumer prices in the UK eased to 7.9% in June, almost four times higher than the Bank of England's target of 2%. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Türkiye has welcomed more than 22M tourists this year Money Talks 2023-08-01 | It's been a red-letter year for Tourism in Turkiye, with foreign arrivals up more than 20% since January. That amounts to $21.7B in revenue across the country's tourism sector. Russian holidaymakers made up the the bulk of the tourism boom, at 2.6M visitors in the first six months of 2023. Germans were second, at 2.27M, followed by 1.3M Bulgarians and 1M Iranians. Taken as an average, tourists spent about 100 dollars per day per person. The trend shows a strong rebound from the pandemic years, and also provides a steady stream of both foreign exchange for Turkiye while supporting 2.4M jobs. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Chinas manufacturing PMI contracts for fourth straight month Money Talks 2023-07-31 | Alarms are flashing red in China as new manufacturing figures show persistent pessimism in the sector, while services continue to disappoint. Hopes for a swift rebound after the end of COVID restrictions last year have dimmed, as factory activity contracted for a fourth straight month in July, and investors are watching Beijing's next moves closely. And while gross domestic product was up 0.8% in the second quarter, that number is well below the white-hot growth China's economy has shown in the past. Youth unemployment is also at a record 21.3%, dragged down by a flagging services activity. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Defence giants showcase new products at Istanbul Money Talks 2023-07-31 | The International Defense Industry Fair opened in Istanbul on Tuesday. A place where defence giants from Turkiye and other countries come to exhibit their products and find new business partners. Merve Kizilaslan has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Barbenheimer release smashes box office expectations Money Talks 2023-07-31 | With the release of "Barbenheimer", the film industry has witnessed an unprecedented box office showdown. Greta Gerwig's fanciful and visually stunning Barbie and Christopher Nolan's serious historical drama Oppenheimer surpassed all predictions during their opening weekends. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Wildfires in Europe costs hundreds of millions in damages Money Talks 2023-07-31 | Wildfires have swept across southern Europe destroying homes, infrastructure and thousands of square kilometers of land. This year's summer season has seen tourist destinations like Italy and Greece declare states of emergency and evacuate towns. The economic costs of these fires, including the recovery process, will likely run into the hundreds of millions. Emre Boz has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Japans population problem strains its economy Money Talks 2023-07-31 | Japan is already a “super-aged society” with more than 28% of the population aged 65 and older. But in 2022, the country grew even older as 15% of the population is over 75, while newborn rates are plummeting. It’s a troubling sign for a nation already facing a so-called demographic time bomb that could dramatically reshape one of the world’s largest economies. Tulay Kalyon Haznedaroglu explains. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Twitter rebrands itself as X amid turmoil over debt, content Money Talks 2023-07-31 | It’s been nearly a year since Elon Musk’s purchase of Twitter became official, and the mercurial megabillionaire has made multiple changes to how the site works. A verified blue check is available for paying customers only, and some users have fled to other apps amid a rise in far right content. He’s also fired most of the company’s staff, and they’ve gone on to work at his competitors. So what’s next? Wilson Dizard has this report. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Big tech earnings on the rise Money Talks 2023-07-31 | It's been one of the busiest weeks of the year for Wall Street as investors turned their attention away from bank earnings to Big Tech. Microsoft and Google-parent Alphabet kicked off the string of tech earnings on Tuesday with better-than-expected second-quarter results, followed by Facebook owner Meta on Wednesday. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Türkiye reshuffles central bank board, adds new deputy governors Money Talks 2023-07-28 | Turkish President Recep Tayyip Erdogan has replaced three top officials at Turkiye's Central Bank, continuing an overhaul of economic policy that began with the appointment of a new finance minister Mehmet Simsek and a new bank governor Hafize Gaye Erkan at the beginning of June. The three new deputy bank governors are Osman Cevdet Akcay, Fatih Karahan and Hatice Karahan. Each brings long experience in banking, business and economics. After pursuing a long interest rate policy during the pandemic to stimulate economic growth, Ankara is now changing course. The central bank also revised its predictions for inflation for 2023 from 33% to 58%. It has since raised interest rates to 17.5%. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Microsoft shares fall on slowdown in cloud business Money Talks 2023-07-26 | Shares in Microsoft fell on Tuesday after it reported a slowdown in parts of its business, despite heavy investments in artificial intelligence. The tech giant's earnings beat market expectations with more than $56B in revenue, but its latest report showed a slowdown in growth for its cloud service, Azure. It also laid out an aggressive spending plan to expand data centres to support A-I. Google-parent Alphabet on the other hand, rose in after hours trading, as second-quarter profits exceeded expectations- partly thanks to the steady demand for its cloud services as well as growth in ad revenue. The earnings reports come at a time when tech firms are heavily invested in the AI arms race. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Asia stocks rise as China signals more stimulus Money Talks 2023-07-25 | Chinese stocks soared on Tuesday on optimism that Beijing would soon announce a series of measures to bolster its economy. Shares in Hong Kong climbed over 3%, led by real estate stocks after China vowed more support for its ailing property sector. Developer Longfor Group was the biggest gainer on the Hang Seng index, jumping almost 20%, while property management firm Country Graden Services surged more than 17%. It wasn't only property stocks-- Tech names took home their fair share with EV makers gaining more than 10%. Mainland Chinese stocks were also higher, with both the Shenzhen and Shanghai indexes climbing over 2%. This comes after disappointing economic data last week prompted renewed calls for policy support. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Eurozone economic activity shrank more than expected in July Money Talks 2023-07-24 | The Euro has fallen against the dollar on Monday as new data shows that Europe is running the risk of a recession, with a key measurement of economic activity falling to an eight-month low. France and Germany have been hit the hardest. The S&P Eurozone Purchasing Managers Index, or PMI, which tracks how businesses are buying goods, slumped to an eight-month low of 48.9, moving further below the 50 mark that separates growth from contraction. Manufacturing is slowing down across the bloc, despite cheaper energy and raw material costs compared to last year's highs. Analysts say the slowdown is due to higher interest rates from the European Central Bank, which is trying to bring inflation down from its current 5% down to a target 2% rate. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Taylor Swifts Eras Tour to break $1B in ticket sales Money Talks 2023-07-24 | Taylor Swift's unstoppable Eras Tour is breaking records, fuelling forecasts that it might make more than $1 billion in ticket sales. That would make it the highest-grossing tour of all time, cementing the 33-year-old status as the highest-paid female entertainer in the world. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Climate crisis throws chances of economic growth in peril Money Talks 2023-07-24 | The summer of 2023 may go down in history as the year when the effects of climate change became so widespread that no government or business could ignore or dismiss them. The development of an El Nino weather system in the Pacific Ocean is making matters worse, sending temperatures soaring across the globe. But has humanity been here before? Wilson Dizard has more on what lessons can be learned from the past. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Moscow halts participation in Black Sea grain deal Money Talks 2023-07-24 | Russia has ended the much-touted Black Sea grain deal that allowed millions of tonnes of Ukrainian wheat, corn and fertiliser to reach global markets. The Kremlin said the agreement was one-sided, and didn't benefit Russian grain and fertiliser exports as promised. Moscow's decision has caused grain prices to spike, and has fueled fears of food shortages. Russia says the deal can be revived if certain Western sanctions are removed. Tulay Kalyon Haznedaroglu reports. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
UK and Türkiye to negotiate new free trade agreement Money Talks 2023-07-24 | The UK and Turkiye have recently begun talks on expanding their bilateral free trade agreement. Turkish Trade Minister Omer Bolat and UK Business and Trade secretary Kemi Badenoch met last week, and committed to solidifying a new deal that will deepen their trade relationship. Emre Boz has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
President Erdoğan wraps up Gulf tour with major trade deals Money Talks 2023-07-24 | The Turkish President Recep Tayyip Erdogan wrapped up a three-nation tour of the Gulf earlier this week, signing multi-billion dollar deals with the United Arab Emirates, Qatar, and Saudi Arabia. The agreements cover a wide range of sectors from defence and tech, to construction and finance. Among them is a landmark deal with Abu Dhabi marking 50 years of Turkish-Emirati ties, as well as a historic defence sale to Riyadh. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Türkiye and UAE sign 13 agreements worth $50.7B Money Talks 2023-07-21 | Türkiye and the United Arab Emirates have opened a new chapter in their 50-year relationship with the signing of a landmark economic and diplomatic agreement. Turkish President Recep Tayyip Erdogan and UAE President Sheikh Mohammed bin Zayed Al Nahyan inked the deal on Wednesday at a ceremony in Abu Dhabi. The 50.7 billion dollar investment and trade agreement covers a wide range of sectors from tech to construction to finance. President Erdogan hailed the deal as a strategic partnership, adding that plans are in the works to formally present the deal at a trade and investment set for Istanbul later this year. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Jitters in Asian markets over high inflation in Japan Money Talks 2023-07-21 | Asian markets are muddling through this morning, concerned by high inflation in Japan and the prospect of more interest rate hikes in the US. The US Federal Reserve is set to announce another potential increase in interest rates next week, and strong new jobs figures are making traders in Asia nervous that another hike is in the works. If that wasn't enough to worry about, China's economy is struggling to come back to pre-pandemic growth and Beijing's attempts at stimulating growth have so far come up short. Meanwhile, the Dow Jones Industrial Average extended its longest winning streak since 2017 off the back of strong earnings from drug maker Johnson and Johnson, but tech stocks fell after disappointing figures from Netflix and Tesla. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
China Evergrande posts losses of $81B over two years Money Talks 2023-07-18 | The world's most indebted developer, Chinese property giant Evergrande, has revealed that in 2021 and 2022 it lost a combined $81 billion. The crisis-hit firm defaulted on its debt in 2021, and the results showed how much Evergrande has struggled amid a housing crisis that has rocked China over the past 2 years. The crisis was mainly fuelled by government restrictions on borrowing by developers, and by consumers curbing home purchases. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Chinas economy grows 6.3% in Q2, missing expectations Money Talks 2023-07-17 | China's economy has lost steam in the second quarter, after a strong rebound in the first three months of the year thanks to the lifting of pandemic restrictions. Gross domestic product expanded by 6.3% from April to June year-on-year, missing expectations. The growth was hit by lower global demand for Chinese goods and a deepened slump in the real estate sector. The weak data has prompted calls for Beijing to deliver more stimulus measures more than six months after it lifted strict COVID-19 measures. Meanwhile, the country's youth unemployment hit a new record high of 21.3% in June, beating the previous record of 20.8% in May. University graduates who had aspired for white-collar work have been hit particularly hard by the tough job market. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Thousands join picket lines for better pay, AI protections Money Talks 2023-07-17 | For the first time in 60 years, the people who perform in movies and those who write them in Hollywood have walked off of the job at the same time in two separate strikes called by the Writers' Guild of America and the Screen Actors' Guild. The work stoppage has brought sets and shows to a standstill across the US and the world. But what do performers and scriptwriters want from the industry? Wilson Dizard explains. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Iraq strikes energy deal with Iran avoiding US sanctions Money Talks 2023-07-17 | In the Middle East, Iraq and Iran have struck a deal that will see them them barter oil for gas. Oil-rich Iraq has become heavily reliant on imported Iranian gas to meet its electricity needs. But US sanctions on Tehran have hampered payments from Baghdad, prompting Iran to cut off gas supplies to Iraq.. and that's resulted in severe power shortages. As Emre Boz reports, it's hoped this new deal will help ease Iraq's electricity crisis, while complying with US sanctions. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Banking sector reports higher profits Money Talks 2023-07-17 | As efforts to bring down inflation continue in the US, its banking sector continues to weather the storm. US lenders have reported another quarter of upbeat results, as rising interest payments offset a slump in deal-making activity. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
US inflation slows to a two-year low in June Money Talks 2023-07-17 | Inflation is easing for the world's two biggest economies, but in China's case, faster than it would like. Prices are stagnating or falling there, despite the central bank slashing interest rates and pumping-cash into the economy. In the US, the Federal Reserve's drastic rate hikes appear to be paying-off - inflation is now at a two-year low of 3%. Tulay Kalyon Haznedaroglu has the details. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Microsoft given green light for $69B Activision deal Money Talks 2023-07-12 | Microsoft's $69B bid to buy game maker Activision looks set to go ahead after a US federal judge sided with the tech giant over the objections of federal regulators. The Federal Trade Commission, which enforces laws against companies gaining monopolies over markets, could not convince the court that Microsoft's purchase would harm consumers or degrade market competition. Activision has made some blockbuster games, like Call of Duty, which are now available on both Microsoft's XBOX and Sony's PlayStation consoles. The FTC argued Microsoft's acquiring Activision would give it an unfair advantage over competitors, but Microsoft said the market for games is big enough for competition to continue. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
China stimulus pushes oil up above new floor of $73 per barrel Money Talks 2023-07-11 | Traders holding oil futures are watching China's latest economic policy moves closely, and the commodity's price has risen as a result of new measures Bejing hopes will jumpstart growth. West Texas Intermediate broke above $73 a barrel Tuesday as Chinese officials increased efforts to keep money flowing into the country's troubled real estate sector. It's saddled by high levels of debt and property prices that aren't rising as fast as they used to before the pandemic. That means construction companies and regional governments that invested money in housing aren't making their money back as fast as they'd planned. That's scared other investors off from big bets on new buildings. Beijing is hoping to break that cycle with more forgiving loan repayment plans. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Aston Martin begins EV journey Money Talks 2023-07-11 | Luxury carmaker Aston Martin is making major strides in the electric vehicle industry. It has just signed a supply agreement with the US-based Lucid Group Inc., adding the company to its growing list of stockholders and securing innovative EV technology in the process. The collaboration also shows Aston Martin's commitment to the EV revolution. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Australia and Indonesia strike EV battery deal Money Talks 2023-07-11 | Indonesia's President Joko Widodo has just recently been on a 3-day trip to Australia in an effort to improve economic and political ties. During his visit, the two countries agreed to commitments to investing in a greener economy as well as struck some business deals. But it was the need to move towards producing electric vehicle batteries that came top of the agenda. Emre Boz has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Elon Musks lawyers threaten to sue Meta over Thread app Money Talks 2023-07-11 | Facing its biggest rival yet, Twitter is threatening to sue Meta, just a day after it launched Threads, which already has more than 50 million users. Threads is similar to Twitter, but executives at the Facebook parent company are describing it as a "friendly" alternative. In a letter sent to Meta's CEO Mark Zuckerberg, Twitter's lawyer Alex Spiro accuses Meta of hiring former Twitter employees who, quote, "had and continue to have access to Twitter's trade secrets and other highly confidential information". Responding to the latest developments, Twitter owner Elon Musk said "Competition is fine, cheating is not". Musk bought Twitter last October for $44B and has introduced controversial changes to the platform that have prompted many users to abandon the site. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
Judge curbs White House efforts to reduce misinformation Money Talks 2023-07-11 | Should it be legal for the government to make strong suggestions to social media companies in the hopes that they'll reduce misinformation? Who even decides what is or is not misinformation? In one way or another, every country in the world is dealing with these kinds of questions, and none has found an answer that works flawlessly for the state, society, and business. In the US, a judge has issued an injuction that prohibits those kinds of suggestions, saying they unfairly target dissent by the right wing. The decision may not stand up to an appeal, but the difficult questions around speech, truth and safety on the Internet will remain. Wilson Dizard has more. Subscribe:http://trt.world/subscribeLivestream: http://trt.world/ytliveFacebook: http://trt.world/facebookTwitter: http://trt.world/twitterInstagram: http://trt.world/instagramVisit our website: http://trt.world
