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17
JAN
6pm

China's birth rate hits 60-year low

China's National Bureau of Statistics says the country's population has fallen for the first time in 60 years as it enters what officials describe as an era of negative population growth.
17
JAN
11am

China's GDP growth slow down among worst on record

The Chinese economy expanded by 3% in 2022 - missing the official target of "around 5.5%" and a sharp drop from the 8.4% growth of 2021. If you leave aside 2020 - when the economy was hit by the worst effects of Covid - this was the lowest growth figure in nearly half a century.

(Picture: Financial stock exchange market display screen board on the street. Picture Credit: Getty Images)
16
JAN
6pm

The Mafia: How much does it cost the economy?

Italy's most-wanted Mafia boss Matteo Messina Denaro has been arrested in Sicily, ending a 30-year search. The Mafia boss who was tried and sentenced to life in jail in absentia in 2002 over numerous murders also oversaw racketeering, illegal waste dumping, money-laundering and drug-trafficking for the powerful Cosa Nostra organised crime syndicate.
16
JAN
11am

China vs US: both need cooperation, not confrontation

This week sees China release its growth figures - and there'll be an important meeting between the US treasury secretary Janet Yellen and Chinese Vice Premier Liu He. Over the last few years there's been an increase in rhetoric from the two, but in the current global economic situation, US and China need cooperation instead of confrontation.

(Picture: Flag of USA and China on a processor, CPU or GPU microchip on a motherboard. US companies have become the latest collateral damage in US - China tech war. US limits, restricts AI chips sales to China. Picture Credit: Getty Images)
13
JAN
6pm

US banks reveal earnings amid uncertainty

US banks unveil their earnings and reveal some nervousness about what the future holds

What must it be like to live through a year which has seen inflation rise by nearly 95% - we hear from Argentina, which has just experienced its highest rates in three decades.

As Tesla make big cuts of up to 20% to the price of their electric cars – are we heading towards a price war in the EV market…

And why a search for Nazi gold is causing havoc in the Netherlands….
13
JAN
11am

China tightens its grip on tech

After more than two years of cracking down on China's technology giants, Beijing is now taking a different tack by buying shares in the companies and demanding a seat on the board. We look at what that means for the firms involved and online users in China.

Apple CEO Tim Cook has had his pay almost cut in half to $49 million, after requesting it be cut. We find out if it's a trend other big bosses will follow.

And we hear how France's bakers are coping with soaring production costs from higher energy and ingredient prices.
12
JAN
6pm

Are price rises slowing?

New figures show that inflation in the US – the world’s largest economy - is on the way down. The latest figures showed a slight fall to 6.5%, down from 7.5% the previous month. Rising prices have been the bugbear of the post-Covid global economy, with central banks moving to raise interest rates to try to deal with it, resulting in a struggle for those whose incomes are no longer enough to cover their food or energy costs.
12
JAN
11am

US inflation eases

US inflation was 6.5% over the 12 months to the end of December, down from a month previous, easing cost-of-living pressures. Falls to energy prices, in particular petrol, contributed to the smallest increase in more than a year. We speak to consumers and economist about how it's being felt on the ground.

We find out about the boardroom battle taking over Disney, as activist investor Nelson Peltz tries to force his way onto the company's board.

And a report estimates that global natural disasters cost $270 billion in 2022. One of the report's authors tells us what we can expect in the future.
11
JAN
6pm

‘Three Amigos’ Summit ends with pledges of economic cooperation

These are difficult times for Latin American economies. The region was hit harder than most by Covid and as an exporter of prime materials its always hit by any slowdown in the global economy. There is a lot of political uncertainty in the region . No more so than in Peru, where president Pedro Castillo was recently ousted from office after he illegally tried to close congress and rule by decree. He's now in pre-trial detention while he's investigated for fomenting rebellion, a charge he denies. He's been replaced by fellow leftist Dina Boluarte, who's vowed to try to revive Peru's economy.

Russia's second-largest oil producer Lukoil has reached an agreement to sell its ISAB oil refinery in Sicily to G.O.I. ENERGY. Lukoil had no choice but to sell it as they couldn't sell oil products this year. The European Union has imposed a partial embargo on Russian crude oil and petroleum products, as well as a ban on shipping insurance for oil exports from Russia.

Meanwhile, a lawyer for the failed cryptocurrency firm, FTX, says his team has salvaged more than five billion dollars in assets following the company’s spectacular collapse in November. Andrew Dietderich told a US bankruptcy court (in Delaware) that efforts to sell other assets with a book value of more than four billion dollars were in hand -- but warned the final hit to nine million investors remained unclear.

(Picture: Mature man and a young man sitting with a groom, Taquile Island, Lake Titicaca, Puno, Peru. Picture Credit: Getty Images)
11
JAN
11am

US flights grounded

Domestic flights across the US were grounded for several hours after the system that alerts pilots to potential hazards went down. We hear from those trying to travel, and find out what the repercussions will be.

The Egyptian pound has plunged more than 13% against the US dollar, as the nation struggles with its worst foreign-currency squeeze in years. We find out what's behind it and how it's affecting business.

And we find out what to expect from Japanese Prime Minister Fumio Kishida's tour of the G7 countries.
10
JAN
6pm

World Bank warns of dangers of global recession

The global economy is "perilously close to falling into recession", according to the latest forecast from the World Bank, as the impacts of the Ukraine war and Covid pandemic continue to be felt across the world.

In fact, Pakistan and Sri Lanka are already struggling to keep their heads above water. Leaders in politics and economics share their thoughts with us on the economic challenges facing those countries.

Meanwhile in the US, more job cuts in the tech sector - the crypto exchange Coinbase is laying off 20 percent of its global workforce.

(Picture: The World Bank logo seen displayed on a smartphone. Picture Credit: Getty Images)
09
JAN
6pm

Pakistan to receive $9 bln in help for flood recovery

Pakistan is hosting the event in Geneva on Monday with the United Nations as it seeks international assistance to cover around half of a total $16.3bn recovery bill. It has been a busy day for the economy as Pakistan has also asked the International Monetary Fund to temporarily ease its loan conditions to enable the country to recover from the costs of last year's floods.

Meanwhile, President Joe Biden and his Mexican counterpart, President Andres Manuel Lopez Obrador, are having talks in Mexico City. One of the areas they will focus on is migration.

And it’s been almost 4 months since Russian president Vladimir Putin announced partial mobilisation. According to Putin, 318,000 troops were mobilised including volunteers. That has had an impact on the wider economy and local business owners.

(Picture: High angle portrait of cute girl standing on road,Swat, Khyber Pakhtunkhwa, Pakistan. Picture Credit: Getty Images)

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