TRTWORLD — Money Talks
20261011 063000 UTC
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[00:00:00] TRTworld.com.
[00:00:10] You're watching TRT World,
[00:00:11] of I'm Yashini Padiachi with the reminder of our main headlines. At least
[00:00:16] of 12 people have been killed and more than 300 injured an attack on the
[00:00:19] King Khalid International Airport in Riyadh. Saudi
[00:00:23] Arabia has blame the Arala Huthi group in neighboring Yemen.
[00:00:27] They've been launching attacks on Riyad in recent weeks. but have not claimed
[00:00:31] of responsibility for this strike. Pakistan's prime minister Shahbas Sharif
[00:00:35] would joined care in signing the Mecca defense pact in August is
[00:00:39] calling it heinous attack. Donald Trump is weighing up a US
[00:00:43] response. I think it's
[00:00:45] terrible. Well you're going to find out,
[00:00:49] see,
[00:00:49] but I think it's
[00:00:50] terrible.
[00:00:55] Well, they're able to defend. Look, the Saudis are good fighters, but I
[00:00:59] think the attack. is terrible thing. Trump
[00:01:03] also says it's time for Ukraine to get new president, following
[00:01:06] criticism from
[00:01:07] of his Ukrainian counterpart a US diesel deal with
[00:01:10] Russia. Zelensky has called the move weak and warned it will only
[00:01:14] help Russia's war. The deal is expected to lead to the immediate
[00:01:18] a release of more than 300 thousand tons of Russian diesel with more to
[00:01:22] come in the months ahead. In India, a court has
[00:01:26] ordered the release of cockroach junta party leaders after. protests
[00:01:30] erupted in the capital, they were arrested on Saturday along with
[00:01:34] thousands of others who took to the streets calling for the resignation
[00:01:39] of of the country's election chief. they
[00:01:39] of accuse him of sideespping rules and regulations and making changes
[00:01:43] to the voter registration process.
[00:01:46] of security has been reinforced in New
[00:01:48] Delhi. in India we attained
[00:01:52] freedom and achieved our rights of one
[00:01:54] of person, one vote. now that right is being snatched. we won't
[00:01:58] tolerate this. we will file a case against the anti-national person
[00:02:02] of like of Ganesh Kumar and he
[00:02:03] of will go to jail, he will lose sooner or later and we will
[00:02:06] win and Israeli strikes have
[00:02:10] hit the Gaza
[00:02:11] of strip. Der Albala and Gaza City were among the areas
[00:02:15] targeted. At least five Palestinians were killed and
[00:02:19] eight wounded when an Israeli strike hit a gathering of civilians
[00:02:22] in Gaza City on Saturday while
[00:02:25] of Israely attacks killed two other people in separate
[00:02:28] incidents. Earlier, at least six people were injured by
[00:02:32] Israeli gure
[00:02:34] in Hanyunus. The news continues here on TRT World
[00:02:38] after many
[00:02:39] talks.
[00:02:49] of
[00:03:00] three years of war in Gaza have triggered what the UN calls the worst
[00:03:04] economic crisis ever recorded. The fallout is also being
[00:03:08] felt in Israel where the war has put further pressure on the
[00:03:11] economy and major merger could be
[00:03:15] of reshaping Hollywood as we know it. Hello, I'm Taber Eiden and you're watching
[00:03:18] Money
[00:03:19] Talks.
[00:03:29] The world. Bank says recovery and
[00:03:31] of reconstruction needs in Gaza will cost an estimated $71 and a
[00:03:35] half billion dollars with that number likely to
[00:03:38] of increase. The UN has also warned Gaza is the world's worst economic
[00:03:42] crisis ever recorded with nine in 10 businesses destroyed
[00:03:46] and 90%
[00:03:47] of the population displaced.
[00:03:49] in Emma Boz looks at the economic cost of Israel's war on
[00:03:52] Gaza. Living amid the rubble is a daily
[00:03:56] reality for those in the Gaza
[00:03:58] of enclave and for many they only have. tents to shelter them from the
[00:04:01] a elements.
[00:04:02] of According to a UN report, nearly 60 years of occupation had
[00:04:06] quote: systematically stunted Gaza's economy, but since
[00:04:10] October 2023, the economic consequences
[00:04:13] of the occupation skyrocketed.
[00:04:16] After three
[00:04:17] of years of devastating war on the Gaza Strip, the residents live in
[00:04:21] of catastrophic conditions. There is major humanitarian crisis in
[00:04:25] Gaza aimed the Israeli siege on the enclave, limited entry of
[00:04:29] humanitarian aid, medical supplies
[00:04:31] of and food supplies and near total destruction of
[00:04:34] infrastructure, children are not going to schools,
[00:04:37] instead they're in the destroyed streets trying to find water
[00:04:41] for their families. since the start
[00:04:44] of the war, Israeli military operations have wiped out more than
[00:04:48] 90% of economic activity
[00:04:50] of in of Gaza, including infrastructure, electricity and water
[00:04:54] a facilities. Unemployment and poverty levels have surged over
[00:04:58] 90%, plunging many. to dire poverty. GDP
[00:05:02] per capita has dropped to roughly $161 year,
[00:05:05] that's just 58 cents a day, an 83% decrease
[00:05:09] since 2022. The world bank, EU. and the UN have
[00:05:13] put Gaza's physical infrastructure damage at $35.2
[00:05:17] billion, while economic and social losses are nearly
[00:05:20] $23 billion as of early 2026.
[00:05:24] Meanwhile, housing accounts for the largest share of damage, and more than
[00:05:28] half the hospitals and clinics remain non-functional. As for the
[00:05:31] enclaves agricultural sector, less than 1.5% of crop
[00:05:35] land remains undamaged. Some farmers are doing all they can to
[00:05:39] preserve crops by protecting seeds, for many, Those seeds are
[00:05:43] means of survival during the
[00:05:47] period of famon that we went through, what helped people
[00:05:51] were the local seeds, people got local
[00:05:54] seeds, people found their char, spinach
[00:05:58] and other things, this is what they found, they found
[00:06:01] nothing else, what is being done through the
[00:06:05] seat bank and the seeds currently available represents only drop in
[00:06:09] the ocean compared with the needs of facing the... agricultural
[00:06:13] sector again, what is being provided by the bank of seeds
[00:06:17] is drop a hot plate under these difficult
[00:06:20] circumstances. many gardens are just
[00:06:24] trying to get some semblance of normal life back, but for its
[00:06:27] battered agricultural sector and economy, rebuilding
[00:06:31] livelihoods will be no easy task. Emeray balls,
[00:06:35] TRT World. Abdul Wahaab Hamad says the
[00:06:39] situation in Gaza remains dire marked by. this
[00:06:42] displacement for many residents, they were lift
[00:06:46] with no choices, they've been pushed into high levels of food
[00:06:50] insecurity, have been displaced into an unrelenting
[00:06:54] cycle of displacement and losses, three years on, and people are still on the
[00:06:58] move, that is pushing them beyond
[00:07:02] their limits, um, but they're trying their best to
[00:07:05] live, i visited shabalya refugee camp a couple of days
[00:07:09] ago in the north, this area is battleed by Israel forces is
[00:07:13] still heavily under Israeli military control,
[00:07:16] people return to it after the cease fire, they live in half buildings,
[00:07:20] damaged buildings, they even pitch up the tens on the arable their
[00:07:24] homes trying to live, they're determined to stay in the north,
[00:07:28] we've seen some families leaving, but the majority are
[00:07:31] staying despite the difficulties, despite the gun
[00:07:34] fire, for instance the agricultural land, much of it
[00:07:38] is under the Israeli military control, and that's why only 60% of...
[00:07:42] agriculture runs and to the
[00:07:46] economy and that is compared to
[00:07:50] to to to higher and higher percentages before the
[00:07:53] war, if you look at unemployment, the war has pushed the
[00:07:57] entire population into poverty, between 57 to
[00:08:00] 80% nearly the population are
[00:08:03] unemployed, the war has damaged gaza's
[00:08:07] infrastructure, the commercial sector, Israel has
[00:08:11] reshaped the physical reality. in Gaza, including the the
[00:08:15] industry. The occupied West Bank has also witnessed
[00:08:18] severe economic crisis since Israel's war on Gaza, with millions
[00:08:22] of residents facing heavy financial pressures. New UN data
[00:08:26] highlights the scale the downturn on economy already facing
[00:08:30] decades of structural development due to Israel's
[00:08:34] occupation. Zena Tahan reports from Romala.
[00:08:37] High unemployment, falling incomes and food
[00:08:41] insecurity. Residents the Occupied West Bank
[00:08:45] are suffering from an unprecedented financial
[00:08:48] crisis that has reached its peak since Israel's war
[00:08:52] on Gaza, which a UN commission of inquiry has
[00:08:56] concluded amounts to genocide. A new report by
[00:09:00] the UN conference on trade and development says
[00:09:03] restrictions on movement, access to land, settler
[00:09:07] and military violence and de facto annexation are
[00:09:11] quickly deepening.
[00:09:20] 80% since the war, the main roads are not safe anymore,
[00:09:24] i have been attacked by settlers before while doing my job, they have stolen
[00:09:28] my money and valuable items from my clients,
[00:09:32] unemployment has more than doubled since 2022,
[00:09:36] reaching 28.7% in
[00:09:38] 2025, according to palestinian official data,
[00:09:43] the West Bank's GDP fell by 17% in
[00:09:46] 2024, wiping out 17 years of
[00:09:50] economic progress, the UN said, Israel's
[00:09:53] prolonged military occupation and exploitation of Palestinian
[00:09:57] natural resources has destroyed years of
[00:10:01] development in the occupied West Bank. Now the
[00:10:04] economic crisis is severely hitting people's
[00:10:08] pockets. Even the Palestinian authority is struggling
[00:10:12] to pace. salaries and keep basic services
[00:10:15] running, about 76% of West
[00:10:19] Bank households have seen their incomes fall according to the world
[00:10:23] food program while some 900,000
[00:10:26] people, more than double the number in 2023, are
[00:10:30] now food insecure. Israel also
[00:10:34] collects customs and other revenues on behalf the Palestinian
[00:10:37] authority, known as clearance revenues.
[00:10:41] Between January 2019 and March 2026,
[00:10:45] Israel withheld more than 3.67 billion dollars
[00:10:49] in Palestinian revenues, severely straining the
[00:10:53] economy. The uh prevention the
[00:10:57] palestinian workers to go back to work inside the palest
[00:11:00] in historic palestine in the Israel economy and
[00:11:04] before the October 2023
[00:11:08] we had around 20000 people working there now we are talking
[00:11:12] about 50,00 only or less the palestine economy lost
[00:11:16] $300 million dollar a month and the pressure is
[00:11:20] continuing to build with household income and the Palestinian
[00:11:23] authority facing a deepening cash crisis, the question
[00:11:27] is whether the occupied West Bank can sustain basic
[00:11:31] economic and public services to millions of
[00:11:35] Palestinians. Zeinan tRT world,
[00:11:39] Ramalla occupied West
[00:11:40] Bank. And on the
[00:11:44] Israeli side, the war has also left a significant economic
[00:11:48] burden, with elections approaching, the next government will inherit
[00:11:51] economy carrying the heavy cost of war with R.
[00:11:55] dead, a persistent deficit and soaring defense spending.
[00:11:59] military operations and missile attacks have disrupted businesses
[00:12:03] and forced schools to close, weighing heavily on economic
[00:12:06] activity. Consequently, the economy has slowed sharply,
[00:12:10] contracting 3.3% in the first
[00:12:13] quarter. The Bank of Israel estimates that the war
[00:12:17] has cost the state 115 billion dollars since
[00:12:21] 2023. Around half of that has been financed.
[00:12:25] through borrowing, but when the wider economic impact is taken into
[00:12:29] account, the figure is considerably higher with some
[00:12:32] estimates putting the total cost at more than $200
[00:12:36] billion dollars. that borrowing together with higher military
[00:12:40] spending, his push public debt sharply higher. by the end of
[00:12:44] this year, the debt is expected to reach 76% of
[00:12:47] GDP, up from 60% before the
[00:12:50] war. Israel is heading for a third straight year of
[00:12:54] elevated deficits with forecasts for
[00:12:57] 2026 at around 5% of GDP, with
[00:13:01] defense spending still high, the government has less room to fund
[00:13:05] civilian and social services.
[00:13:09] Mohammed says Israel has been diverting funds from
[00:13:12] education, healthcare and other public services to cover
[00:13:16] rising military costs. So far the war has
[00:13:20] caused the Israeli government between 100 to
[00:13:23] 150 billion. dollars so far and that's
[00:13:27] just uh without getting into details
[00:13:29] about what more uh or additional cost can
[00:13:33] be included and Israel has been either
[00:13:36] reallocating money from education,
[00:13:40] health and other social services
[00:13:43] or even push debt to next year and the year after and also
[00:13:47] borrowing, borrowing has been the big thing for this Israeli government
[00:13:51] and the bank of Israel has warned that this is going to uh
[00:13:55] put a great deal of uh burden on
[00:13:58] upcoming um uh governments as well as uh
[00:14:02] generations because pushing debt to next year and the year after isn't
[00:14:06] really um solution to this debt issue and and
[00:14:10] borrowing has been the main uh thing for this Israeli
[00:14:14] government addition to
[00:14:16] additional taxes that's that are being
[00:14:19] imposed on Israelelis um many sectors
[00:14:23] have also been uh directly impacted as result the war,
[00:14:27] whether it's tour uh tourism, um, agriculture,
[00:14:31] um, the construction sector, just to name few have been
[00:14:35] greatly impacted and it took away a desperately
[00:14:39] needed um, desperately needed uh income
[00:14:43] for the treasury in in Israel, from billions
[00:14:47] being raised for AI chips to a more interactive chat
[00:14:50] GPT, artificial intelligence continues evolve at
[00:14:54] rapid.
[00:14:59] AI spending is soaring, suppliers are seeing strong demand and
[00:15:03] the way we use the AI is changing. let's take a look.
[00:15:07] SpaceX is reportedly in talks to raise $40 billion dollars
[00:15:10] to buy Nvidia AI chips. It would be one the biggest that
[00:15:14] financings the artificial intelligence era so far. The
[00:15:18] proposed financing includes around $10 billion dollars in bank loans
[00:15:22] and 30 billion in investment grade. that the
[00:15:26] transaction is expected to close in 2027 so
[00:15:29] details have yet to be finalized including who the key
[00:15:33] landers will be so far neither spacex nor and media have comment.
[00:15:38] that scale of spending has filled concerns about an AI
[00:15:42] bubble, but some companies are already seen a substantial boost
[00:15:46] in sales. foxcorn reported third quarter revenue of
[00:15:49] $95.4 billion, that's
[00:15:52] 47% up from last year. that was
[00:15:56] better than what was predicted and foxcorn expects growth to
[00:16:00] continue into the fourth quarter. his full earnings report is due
[00:16:04] in November. could your future AI interaction be? more
[00:16:08] than plin text. Open AI has begune rolling out
[00:16:11] GPT6. It allows the AI to respond with
[00:16:14] interactive charts, images, forms and tools such as
[00:16:18] calculators. For example, road trip could seen show
[00:16:21] stops on the map, prices at patrol stations and suggest the
[00:16:25] tools, while wardrop advice could combine visual ideas with
[00:16:29] personalized recommendations. Hollywood is
[00:16:33] entering new era of consolidation as paramount skydance
[00:16:36] completes. its takeover of Warnembro's discovery. The
[00:16:40] deal brings together major film studios, television networks and
[00:16:44] two the industry's biggest streaming platforms, creating a
[00:16:48] new entertainment giant. But as Silion Tutaire reports, billions of
[00:16:52] dollars in debt and major cost cutting targets could make the merger
[00:16:56] difficult one to pull off. Two Hollywood
[00:16:59] Giants are now under one roof. Paramount Skydance has
[00:17:03] completed its $110 billion dollar acquisition of Warnerbrow's discovery.
[00:17:07] bringing franchises including Harry Potter, Batman, Mission
[00:17:11] Impossible and Star Trek into One Entertainment Empire.
[00:17:15] The combined business which will operate under the Skydance name, also
[00:17:19] brings together CBS, CNN, HBO Max and
[00:17:22] Paramount plus, giving it an extensive content library
[00:17:26] and more than 200 million subscribers. I mean it's enormous, you've just
[00:17:30] outlined the kind of scale the two businesses that are combining two
[00:17:34] major Hollywood studios, HBO, Paramount, Max. It's... creating the second
[00:17:38] largest streaming portfolio. streaming is central to the
[00:17:41] strategy. Skydance is betting that a deeper content library and
[00:17:45] a wider international reach will help it compete with industry
[00:17:48] leaders such as Netflix, Disney and Amazon. Streaming is what's really
[00:17:52] driving this merger, of course, the the library and
[00:17:56] the content to build these streaming platforms and HBO
[00:18:00] is going to be huge driver in that.
[00:18:04] But
[00:18:04] the bigger the company, the bigger the pressure to cut costs. Skydance has
[00:18:08] promised more than 6 billion
[00:18:10] dollars in annual savings by eliminating overlapping operations and
[00:18:14] combining technology and other expenses. That has raised concern
[00:18:18] over job losses across Hollywood. So when I read about the merger, my first
[00:18:21] thought is, my goodness, I bet I know people are going to lose their jobs and that's heartbreaking.
[00:18:25] Skydance is also taking on tens of billions of dollars in debt to finance
[00:18:29] the deal, and it will need to keep investing in content, streaming
[00:18:33] and sports while looking for ways to bring costs down in.
[00:18:38] is taking a huge amount of debt to get this deal done, 80
[00:18:41] billion dollars and making an awful lot of promises, 30 movies
[00:18:45] a year, big giant streaming service,
[00:18:49] big sports properties, you have to do new NFL deal soon, that
[00:18:53] won't be cheap, so they are going to be looking for everywhere
[00:18:56] they can save few nickels, dimes, millions of
[00:19:00] dollars. the opening credits have finally rolled on the biggest deal in
[00:19:04] media history, but the financial stories only began.
[00:19:08] for skydance, paying down the debt while keeping the hits coming
[00:19:12] could be its own mission impossible,
[00:19:16] trt world and hollywood is changing not only through
[00:19:20] billion dollar deals but also through technology. artificial
[00:19:24] intelligence is helping filmmakers speed up production, reduce
[00:19:27] costs and bring stories to audiences in more languages
[00:19:31] through AI power dubbing. and for more on this, we're joined by film
[00:19:35] director and generative AI expert an
[00:19:39] welcome to Money talks, now how is AI changing the
[00:19:43] way films are being made today and compared with just few years
[00:19:47] ago? I think there are few aspects we
[00:19:51] can mention about this topic, the first one is the
[00:19:54] number the people working a film set, in traditional
[00:19:58] way there has to be teams working on the issues like
[00:20:02] sound, lighting, filming and all other stuff,
[00:20:06] and the second thing is... is the budgets the film, in
[00:20:10] traditional way, you have to have money to make films even
[00:20:13] for uh low budget films, still you need to
[00:20:17] have like enough money for at least three or four
[00:20:21] people doing this, and it it's taking a lot of
[00:20:24] time, the third issue i think is the time uh you
[00:20:28] spend for a film, in traditional way it can take
[00:20:32] like months, maybe years, but with AI it's much
[00:20:35] shorter and... it's like one person is
[00:20:39] enough to make a film, this kind of
[00:20:43] differences i believe, and one and most important thing for
[00:20:46] me is the ontology of filmmaking.
[00:20:50] uh, in traditional way, you rely on people, and in
[00:20:54] with AI, you have to rely on the machine, I think that's
[00:20:57] like huge ontological difference between
[00:21:01] two ways, right, and AI can now dub films into
[00:21:05] many different languages and even replicate a performer's voice, how
[00:21:09] is that changing the way local content reaches global
[00:21:13] audiences? actually, it's a tricky issue because
[00:21:16] mostly it's depending on the distribution network,
[00:21:21] uh, if you are local filmmaker and want to
[00:21:24] re reach a global audience, there are only few ways
[00:21:28] you can do this, which are social media platforms and online
[00:21:32] video platforms, but the
[00:21:35] distribution network, if you are a part of it can
[00:21:39] easily make you a global actor, and you can see
[00:21:42] this in both ways, i think with AI
[00:21:46] filmmaking, the people, the filmmakers who have...
[00:21:50] access to this distribution network still can reach the global
[00:21:54] audience, but with uh, if you are not a part
[00:21:57] of this distribution network, it doesn't matter who you are,
[00:22:01] actually, unfortunately, and I believe there is no way to
[00:22:05] reach global audience in the distribution network,
[00:22:09] but there are like video platforms like YouTube and all
[00:22:13] other video platforms and social media platforms, it
[00:22:17] can make you a global player.
[00:22:20] but uh there is another issue about this too
[00:22:24] uh, it is called as debt of
[00:22:27] internet, because the amount the AI content
[00:22:31] on social media platforms, the platforms are trying to deal
[00:22:34] with and decrease the number the uh AI
[00:22:38] content and it's getting harder every day to be a global
[00:22:42] player, meanwhile the trump administration is widening its crackdown
[00:22:46] on foreign workers in the US, focusing on tech companies,
[00:22:50] employ large numbers them. The US has suspended eight
[00:22:53] companies, including Microsoft and Adobe from a program
[00:22:57] that helps their workers get green cards. The Trump team accuses the
[00:23:01] companies of manipulating the system to replace American
[00:23:05] workers. Christina shamech has
[00:23:07] more. It was a jarring
[00:23:10] contrast on Thursday. President Trump honoring six tech
[00:23:14] billionaires, most them foreign born for their contributions
[00:23:18] to American society. including Microsoft
[00:23:21] CEO Satya Nandella. Just hours earlier,
[00:23:25] Vice President J.D. Vance singled out Microsoft as the
[00:23:29] Trump team suspended eight companies from the permanent
[00:23:33] labor certification program, known as
[00:23:36] perm. It's often the first step towards a
[00:23:40] green card, allowing foreign workers to stay permanently in
[00:23:44] America. The administration says the wider crackdown
[00:23:47] targets fraud and protects. American jobs,
[00:23:51] Microsoft is the perm program's latest
[00:23:54] applicant, according to the US labor department. Our
[00:23:58] message to Microsoft is, you're a great American company, but you've got
[00:24:02] to hire great American workers. You cannot lay off American workers
[00:24:06] and then replace them with foreign enditured servants. Under Perm,
[00:24:09] employeers must show that no qualified US worker is
[00:24:13] available for the job, and that hiring foreign worker
[00:24:17] will not undercut US wages or work. conditions,
[00:24:21] Microsoft defended its hiring practices, saying the vast
[00:24:25] majority of its US employees are Americans, and its
[00:24:29] workers received the same pay regardless of
[00:24:32] nationality, but the wider debate over foreign
[00:24:36] workers has long divided Trump supporters. Some say they
[00:24:40] take jobs from Americans, while others, including Elon
[00:24:43] Musk say US companies need talent from
[00:24:47] abroad. Five the six billionaires. honored at Trump's
[00:24:51] event with foreign born. For more than three decades,
[00:24:55] Satya Nadella has been a key figure in the
[00:24:58] transformation of Microsoft, revolutionizing the
[00:25:02] company and empowering businesses, students and consumers
[00:25:06] from all over the world. We honor industrial Titan, a brilliant
[00:25:10] engineer and one the greatest technology founders
[00:25:14] ever live. His name is Ilon
[00:25:17] Musk. Trump made no mention. Microsoft
[00:25:20] suspension in his remarks, but administration officials drew
[00:25:24] a distinction between what they called superstar immigrants who
[00:25:28] could build groundbreaking companies and unexceptional
[00:25:32] foreign workers. Christina shimech, TRT
[00:25:35] World. And Hong Kong is
[00:25:39] taking new steps to reverse its rapidly falling birth rate.
[00:25:43] The city saw record low number of births last year, prompting
[00:25:47] leader John Lee to announce a fresh package of measures. They include
[00:25:50] continued cash handouts for newborns with almost
[00:25:53] $4,00 for every baby after the first, as well
[00:25:57] as increased quotas for IVF treatments at public
[00:26:01] hospitals. Laura Wester.
[00:26:02] reports. Entrepreneur Don
[00:26:06] Chan and her husband are still deciding when to start a
[00:26:09] family. To encourage people like her to take the plunge, Hong Kong's
[00:26:13] leader John Lee is extending a $2.5,00 cash
[00:26:17] handout to new parents for another three years. Other measures
[00:26:21] include increased tax allowances. For me, it's not going to
[00:26:25] be like a something one off, it's going not going
[00:26:27] to be p pivotal enough. I think as a family, I think
[00:26:31] we need. to have a trust and confidence in
[00:26:35] the future that we will be able to
[00:26:39] thrive as family of three, as family of
[00:26:42] four for many more years to come. being
[00:26:46] financially ready is one consideration, having the time to
[00:26:50] spend with our future children is just as
[00:26:52] important, not just a government, but also
[00:26:56] how about our workplaces, how are they implementing
[00:27:00] policies that allow for working parents? to be more involved in their
[00:27:03] children's lives and not just go to work, hand their children
[00:27:07] off and then only see them right before bedtime, for bedtime
[00:27:11] stories. mom of three and women's health personnel trainer ziggy
[00:27:15] maken says having the cash would definitely have helped her
[00:27:18] out. everything adds up, obviously our biggest
[00:27:22] expense is rent, we aren't able to purchase
[00:27:26] very easily, so if they had young families, starter
[00:27:30] families with starter mortgages. or something where it
[00:27:34] would be easier for us to make a home, make a
[00:27:38] happy home for our children where we didn't feel like we were always working so hard all
[00:27:42] the time. the government has reduced the waiting time by year
[00:27:46] for families with newborns to apply for public rental housing and says
[00:27:50] it's committed to helping people get on the housing ladder.
[00:27:54] bath rates in Hong Kong have been trending down in recent years. there
[00:27:57] was a brief uptick in 2024 to nearly
[00:28:01] 37. That was probably because it was the year the
[00:28:04] dragon considered one the most auspicious years in the Chinese
[00:28:08] calendar, but last year in Hong Kong, the number dropped by
[00:28:11] 6,000 to just over 31,000, the
[00:28:15] lowest since records began. The fertility rate with
[00:28:18] 0.73 babies per woman, giving Hong Kong
[00:28:22] the second lowest fertility rate among more than 200
[00:28:26] countries in global territories ahead of only Macau, the
[00:28:30] impetus for the government to boost burst. comes as it faces a shrinking
[00:28:34] workforce. around one and three people in Hong Kong are expected
[00:28:38] to be aged 60 or older by 230. as the
[00:28:41] government looks to encourage more people to have children, there is a
[00:28:45] growing call from parents to look beyond giving out cash for births
[00:28:49] and towards making the city a more habitable and happy
[00:28:53] place for children to grow up in. Laura Westbrook, TRT World, Hong
[00:28:57] Kong. Well, that is all from Money
[00:29:01] Talks for now, from me. and the whole scene here in Istanbul. Thanks for
[00:29:04] watching.
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[00:30:10] A missile hits the main airport in Saudi Arabia's capital, killing
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