TRTWORLD — Money Talks
20261011 173000 UTC
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[00:00:00] the
[00:00:00] of state has the capacity to to to
[00:00:04] of react to such provocations quite
[00:00:07] swiftly. a state of emergency has been
[00:00:10] imposed in the Pakistani province oftunkwa. the
[00:00:14] government has also replaced the provincial head with a state appointed
[00:00:17] governor. the province is the
[00:00:20] of stronghold
[00:00:20] of the PTI party led by former prime minister Imran Khan,
[00:00:24] has been imprisoned since 2023. main road
[00:00:27] in the province is capital Pishawar are blocked with shipping containers
[00:00:31] and the mobile network is also reportedly
[00:00:34] cut. the state appointed governor claimed the decision was well
[00:00:38] received. people will come to presidental order
[00:00:42] imposing governor rule in the province. they hope this will er
[00:00:46] in a new era of peace and development. they blocked all the roots
[00:00:50] by placing containers. why have the roots been blocked? the public voted
[00:00:54] for them, where is democracy?
[00:00:56] of who is not implementing the constitution? look here, wherever the constitution.
[00:01:00] is not being implemented, you should get
[00:01:02] it implemented. why are you humiliating the
[00:01:04] public? to
[00:01:07] a india, now we're the cockroach protest movement leader abhijit dipke
[00:01:11] has been released from detention with two other senior leaders. they were
[00:01:15] arrested on saturday along with thousands of others who took to the streets calling for the resignation
[00:01:18] of the country's election chief. protesters accused him of side
[00:01:22] stepping rules and regulation and making several changes to the voter registration
[00:01:26] process. several
[00:01:28] of protesters,
[00:01:28] of mostly students were dr. onto a bus, some with visible
[00:01:32] injuries,
[00:01:35] and now
[00:01:35] of let's quickly take a look at some other stories making headlines around the
[00:01:39] world, people in central Nepal are being urged to move
[00:01:43] of safety after a landslide blocked river triggering floods that swept
[00:01:47] away homes, bridges and other infrastructure. no
[00:01:50] of casualties of have been reported, but
[00:01:52] of rescue team say five people are missing. in jibuuti,
[00:01:56] at least 139 people, including 15 children have been killed after a
[00:02:00] sank off the coast
[00:02:01] or overnight, the UN says hundreds remain missing, the boat
[00:02:05] was carrying around 300 migrants to Yemen, when it capsized
[00:02:09] north
[00:02:09] of the town of Obach,
[00:02:13] and that's all for
[00:02:14] of now, don't forget
[00:02:15] you can visit our website for details on all of our main stories, you will find them at
[00:02:18] tRTworld.com or you can follow us on X at TRT
[00:02:22] world, money talks is coming up
[00:02:24] next.
[00:02:38] of
[00:02:49] Three years of war in Gaza have triggered what the UN calls the worst
[00:02:53] economic crisis ever recorded. The fallout is also
[00:02:56] being felt in Israel where the war has put further pressure. on the
[00:03:00] economy and major merger could be reshaping
[00:03:04] of Hollywood as we know it. Hello, I'm Taber Eiden and you're watching
[00:03:07] Moneytalks.
[00:03:18] The World Bank says recovery and
[00:03:19] of reconstruction needs in Gaza will cost an estimated 71 and
[00:03:23] a half billion dollars with that number likely to increase.
[00:03:27] The UN has also warned Gaza is the world. worst economic crisis ever
[00:03:31] recorded, with nine in 10 businesses destroyed and
[00:03:35] 90%
[00:03:36] of the population displaced. Emma
[00:03:38] in Boz looks at the economic cost of Israel's war on
[00:03:40] Gaza. Living amid the rubble is a daily
[00:03:44] reality for those in the Gaza enclave,
[00:03:47] of and for many they only have tents to shelter them from the
[00:03:50] a elements.
[00:03:50] of According to a UN report, nearly 60 years of occupation
[00:03:54] had quote, systematically stunted Gaza's economy, but
[00:03:58] since October 2023. the economic consequences
[00:04:01] of the occupation skyrocketed
[00:04:05] after three
[00:04:06] of years of devastating war on the gaza strip the residents live in
[00:04:10] of catastrophic conditions. there is major humanitarian crisis in
[00:04:13] Gaza aim at the Israeli siege on the enclave, limited entry of
[00:04:17] humanitarian aid, medical supplies
[00:04:19] of and food supplies and near total destruction of
[00:04:22] infrastructure. children are not going to schools,
[00:04:26] instead they are in the destroyed streets trying to
[00:04:29] in find of for their families, since the start
[00:04:33] of the war, Israeli military operations have wiped out more than
[00:04:37] of 90% of economic
[00:04:38] of activity in Gaza, including infrastructure, electricity and water
[00:04:42] a facilities. Unemployment and poverty levels have surged over
[00:04:46] 90%, plunging many into dire poverty. GDP
[00:04:50] per capita has dropped to roughly $161 year.
[00:04:54] That's just 58 cents a day, an 83% decrease
[00:04:58] since 2022. World Bank, EU and the UN have
[00:05:02] put Gaza's physical infrastructure damage at $35.2
[00:05:06] billion, while economic and social losses are nearly
[00:05:09] $23 billion as of early 2026.
[00:05:12] Meanwhile, housing accounts for the largest share of damage, and more than
[00:05:16] half the hospitals and clinics remain non-functional. As for the
[00:05:20] enclaves agricultural sector, less than 1.5% of crop
[00:05:24] land remains undamaged. Some farmers are doing all they can to
[00:05:28] preserve crops by protecting seeds. For many, those seeds are
[00:05:32] means of survival. During the
[00:05:36] period of famon that we went through, what helped people
[00:05:39] wear the local seeds? People, got local
[00:05:43] seeds, people found their char, spinach
[00:05:46] and other things, this is what they found, they found nothing
[00:05:50] else. what is being done through the seed
[00:05:54] bank, and the seeds currently available represents only drop in the
[00:05:58] ocean compared with the needs of facing the agricultural
[00:06:01] sector. again, what is being provided by the bank of seeds
[00:06:05] is drop a hot plate under these difficult
[00:06:08] circumstances. many gardens just
[00:06:12] trying to get some semblance of normal life back, but for its
[00:06:16] battered agricultural sector and economy, rebuilding
[00:06:20] livelhoods will be no easy task. Emeray balls,
[00:06:23] TRT World. Abdul Wahaab Hamad says the
[00:06:27] situation in Gaza remains dayer marked by relentless
[00:06:31] displacement for many residents. As they were
[00:06:35] lift with no choices, they've been pushed into high levels
[00:06:38] of food insecurity, have been displaced into and and...
[00:06:42] relinting cycle of displacement and losses three years on and people are
[00:06:46] still on the move uh that is pushing them
[00:06:49] beyond their limits um but they're trying
[00:06:53] their best to live i visited jabalya refugee camp a
[00:06:57] couple of days ago in the north this area is battleed by Israeli
[00:07:01] forces
[00:07:01] is still heavily under Israeli military control
[00:07:05] people return to it after the seas fire they live in half buildings damaged
[00:07:09] buildings they even pitch up the teams and their
[00:07:13] homes trying to live, they're determined to stay in the north,
[00:07:16] we've seen some families leaving, but the majority are
[00:07:20] staying despite the difficulties, despite the gun
[00:07:23] fire, for instance the agricultural land, much of it
[00:07:27] is under the Israeli military control, and that's why only 60% of
[00:07:31] agriculture runs to the
[00:07:35] economy, and that is converd
[00:07:37] to to to to higher and higher
[00:07:40] percentages before the... or if you look at
[00:07:44] unemployment, the war has pushed the entire population into
[00:07:47] poverty, between 57 to 80% nearly the
[00:07:51] population are unemployed, the war has
[00:07:54] damaged Gaza's infrastructure, the commercial
[00:07:58] sector, Israel has reshaped the physical realities in Gaza,
[00:08:01] including
[00:08:03] the the industry. The occupied West Bank has also witnessed
[00:08:07] severe economic crisis since Israel's war on Gaza with
[00:08:10] millions of residents facing. heavy financial pressures, new
[00:08:14] UN data highlights scale the
[00:08:15] the downturn on economy already facing decades
[00:08:19] of structural development due to Israel's
[00:08:22] occupation. Zena Tahan reports from Romala.
[00:08:26] High unemployment, falling incomes and food
[00:08:29] insecurity. Residents the occupied West Bank
[00:08:33] are suffering from an unprecedented financial
[00:08:37] crisis that has reached its peak since Israel's war
[00:08:40] on Gaza, which The UN commission of inquiry has
[00:08:44] concluded amounts to genocide. A new report by
[00:08:48] the UN conference on trade and development says
[00:08:52] restrictions on movement, access to land, settler
[00:08:56] and military violence and defacto annexation are
[00:08:59] quickly deepening the crisis. Among those bearing the
[00:09:03] brunt are public transport
[00:09:05] drivers. Our work has declined by
[00:09:09] 80% since the war. The main roads are not. safe anymore,
[00:09:13] i have been attacked by settlers before while doing my job, they have stolen
[00:09:17] my money and valuable items from my clients.
[00:09:21] unemployment has more than doubled since 2022,
[00:09:24] reaching 28.7% in
[00:09:27] 2025, according to Palestinian official
[00:09:30] data, the west bank's GDP fell by
[00:09:34] 17% in 2024, wiping out
[00:09:37] 17 years of economic progress, the UN
[00:09:41] said, Israel's Prolonged military occupation and
[00:09:44] exploitation of Palestinian natural resources has
[00:09:48] destroyed years of development in the occupied West
[00:09:51] Bank. Now the economic crisis is severely
[00:09:55] hitting people's pockets. Even the Palestinian
[00:09:59] authority is struggling to pay salaries and keep
[00:10:02] basic services running. About
[00:10:06] 76% of West Bank households have seen their
[00:10:09] incomes fall according to the world food. program, while
[00:10:13] some 90000 people, more than double the number in
[00:10:17] 2023, are now food
[00:10:19] insecure. Israel also collects customs
[00:10:23] and other revenues on behalf the Palestinian authority, known
[00:10:27] as clearance revenues. Between January
[00:10:31] 2019 and March 2026, Israel with held
[00:10:35] more than 3.67 billion dollars in Palestinian
[00:10:39] revenues severely straining the economy.
[00:10:42] The prevention the Palestinian
[00:10:46] workers to go back to work inside the palest history in historic
[00:10:50] Palestine in the Israeli economy and before
[00:10:53] the... October 2023 we had
[00:10:57] around 200 thousand people working there, now we are talking about
[00:11:01] 50,000 only or less, the palestine economy lost
[00:11:05] $300 million dollar a month, and the pressure is
[00:11:08] continuing to build with household income and the Palestinian
[00:11:12] authority facing a deepening cash crisis, the question
[00:11:16] is whether the occupied West bank can sustain basic
[00:11:20] economic and public services to millions of
[00:11:23] Palestinians. Zeina tahan, TRT World,
[00:11:27] Ramalah, occupied West
[00:11:29] Bank and on the
[00:11:33] Israeli side, the war has also left a significant economic
[00:11:36] burden. With elections approaching, the next government will inherit
[00:11:40] economy carrying the heavy cost of war, with rising
[00:11:43] dead, a persistent deficit and soaring defense spending.
[00:11:47] Military operations and missile attacks have disrupted businesses
[00:11:51] and forced schools to close, weighing heavily on economy. economic
[00:11:55] activity. Consequently, the economy has slowed sharply,
[00:11:59] contracting 3.3% in the first
[00:12:02] quarter. The Bank of Israel estimates that the war
[00:12:05] has cost the state $115 billion dollars since
[00:12:09] 2023. Around half of that has been financed
[00:12:13] through borrowing. But when the wider economic impact is taken into
[00:12:17] account, the figure is considerably higher with some
[00:12:21] estimates putting the total cost at more than 200.
[00:12:25] billion dollars, that borrowing together with higher military
[00:12:28] spending has pushed public debt sharply higher. by the end
[00:12:32] of this year, the debt is expected to reach 76% of
[00:12:36] GDP, up from 60% before the
[00:12:39] war. Israel is heading for a third straight year of
[00:12:43] elevated deficits with forecasts for
[00:12:46] 2026 at around 5% of GDP. with
[00:12:50] defense spending still high, the government has less room to fund
[00:12:54] civilian and social services.
[00:12:57] Mohammed
[00:12:58] Al Qasim says Israel has been diverting funds from education, healthcare
[00:13:02] and other public services to cover rising military
[00:13:06] costs. So far the war has caused the Israeli
[00:13:09] government between 100 to 150
[00:13:13] billion dollars so far, and that's just
[00:13:16] without getting into details about what
[00:13:20] more or additional cost can be included, and Israel has
[00:13:24] been either. allocating money from
[00:13:27] education, health and other social
[00:13:31] services or even push debt to next year and the year
[00:13:34] after, and also borrowing, borrowing has been the big
[00:13:38] thing for this Israeli government and the bank of Israel has warned that
[00:13:42] this is going to um put a great deal of
[00:13:46] burden on upcoming governments as well
[00:13:50] as uh generations, because pushing debt to next year and the year
[00:13:53] after isn't real solution to
[00:13:57] this debt issue and and borrowing has been the
[00:13:59] main thing for this Israeli government
[00:14:03] addition to additional
[00:14:06] taxes that's that are being imposed on
[00:14:09] Israelelis um many sectors have also
[00:14:13] been directly impacted as result the war whether
[00:14:16] it's tourism agriculture
[00:14:20] the construction sector just to name few have been
[00:14:24] greatly impact acted and took away a
[00:14:27] desperately needed desperately needed
[00:14:30] income for the treasury in in
[00:14:34] Israel, from billions being raised for AI chips to a
[00:14:37] more interactive chat gpt, artificial intelligence continues
[00:14:41] evolve a rapid pace, here's our weekly AI
[00:14:45] roundup with, AI spending is
[00:14:49] soring, suppliers are seeing strong demand and the way we use the
[00:14:53] AI is changing, let's take a look. SpaceX is reportedly
[00:14:57] in talks to raise $40 billion dollars to buy Nvidia AI
[00:15:00] chips. It would be one the biggest that financings the artificial
[00:15:04] intelligence era so far. The proposed financing includes
[00:15:08] around 10 billion dollars in bank loans and 30
[00:15:12] billion in investment grade debt. The transaction is expected
[00:15:16] to close in 2027 so details have yet to be
[00:15:19] finalized including who the key landers will be. So far
[00:15:23] neither SpaceX. and media have commented, that
[00:15:27] scale of spending has filled concerns about an AI
[00:15:30] bubble, but some companies are already seen a substantial boost
[00:15:34] in sales, folks reported third card. revenue of
[00:15:38] 95.4 billion dollars, that's
[00:15:41] 47% up from last year. That was better than
[00:15:45] what was predicted and Foxcorn expects growth to continue into
[00:15:49] the fourth quarter. It's full earnings report is due in
[00:15:52] November. Could your future AI interaction be more
[00:15:56] than plaine text? Open AI has begun rolling out
[00:15:59] GPT6. It allows the AI to respond with interactive
[00:16:03] charts, images, forms and tools such as calculators.
[00:16:08] For example, road trip could seen show stops on the map, prices
[00:16:12] at petrol stations and suggest de tools, while wardrop
[00:16:15] advice could combine visual ideas with personalized
[00:16:18] recommendations. Hollywood is entering new
[00:16:22] era of consolidation as paramount skydance completes its
[00:16:26] takeover of Warnembro's discovery. The deal brings together
[00:16:30] major film studios, television networks and two the
[00:16:33] industry's biggest streaming platforms, creating a new...
[00:16:37] entertainment giant, but as silent reports, billions of dollars in
[00:16:41] debt and major cost cutting targets could make the merger difficult
[00:16:45] one to pull off. two Hollywood giants are now
[00:16:49] under one roof. Paramount Skydance has completed its
[00:16:52] 110 billion dollar acquisition of Warnerbrow's discovery, bringing
[00:16:56] franchises including Harry Potter, Batman, Mission Impossible and
[00:17:00] Star Trekk into one entertainment empire. The combined
[00:17:04] business which will operate under the Skydance name, It also brings together
[00:17:08] CBS, CNN, HBO Max and Paramount
[00:17:11] plus, giving it an extensive content library and more than
[00:17:15] 200 million subscribers. I mean it's enormous, you've just outlined the kind
[00:17:19] of scale the two businesses that are combining to major Hollywood
[00:17:23] studios, HBO, paramount max. It's creating the second largest
[00:17:27] streaming portfolio. Streaming is central to the strategy.
[00:17:30] Skydance is betting that a deeper content library and a wider
[00:17:34] international reach will help it compete with industry. leaders such as
[00:17:38] Netflix, Disney and Amazon. Streaming is what's really driving this
[00:17:42] merger, of course, the the library and the content to
[00:17:46] build these streaming platforms, and HBO is going to be
[00:17:50] huge driver in that, but the bigger the company,
[00:17:54] the bigger the pressure to cut costs. Skydance has promised more than
[00:17:57] $6 billion
[00:17:58] dollars in annual savings by eliminating overlapping operations and
[00:18:02] combining technology and other expenses. That has raised concern
[00:18:06] over job losses. across Hollywood, so when I read about the merger, my first
[00:18:10] thought is, my goodness, I bet I know people are going to lose their jobs and that's heartbreaking.
[00:18:14] Skydance is also taking on tens of billions of dollars in debt to finance
[00:18:18] the deal, and it will need to keep investing in content, streaming
[00:18:22] and sports while looking for ways to bring costs down.
[00:18:25] Paramount is taking a huge amount of debt to get this deal done,
[00:18:29] $80 billion dollars and making an awful lot of promises, 30
[00:18:33] movies a year, big giant streaming service.
[00:18:37] big sports properties, they have to do new NFL deal soon, that
[00:18:41] won't be cheap, so they are going to be looking for everywhere
[00:18:45] they can save few nickels, dimes, millions of
[00:18:49] dollars. the opening credits have finally rolled on the biggest deal in
[00:18:53] media history, but the financial story is only beginning.
[00:18:56] for skydance, paying down the debt while keeping the hits coming
[00:19:00] could be its own mission impossible. sailin tutash,
[00:19:04] trt world and hollywood is... changing not only
[00:19:08] through billion dollar deals, but also through technology.
[00:19:12] artificial intelligence is helping filmmakers speed up production,
[00:19:16] reduce costs and bring stories to audiences in more
[00:19:19] languages through AI power dubbing. and for more on this, we're joined
[00:19:23] by film director and generative AI expert
[00:19:26] erannis. eran, welcome to Moneytalks. now,
[00:19:30] how is AI changing the way films are being made today and
[00:19:34] compared with just few years ago? uh, I think there are few
[00:19:38] aspects we can mention about this topic, the
[00:19:42] first one is the number the people working a film set
[00:19:45] in traditional way there has to be teams working
[00:19:49] on the issues like sound, lighting, filming and all
[00:19:53] other stuff, and the second thing is the
[00:19:56] budgets the film, in traditional way you have to have money
[00:20:00] to make films, even for uh low budget films
[00:20:04] still you need to have like a money for at
[00:20:08] least three or four people doing this and it it's
[00:20:12] taking a lot of time. the third issue i think is the
[00:20:15] time uh you spend for a film in
[00:20:19] traditional way it can take like months maybe years but
[00:20:23] with AI it's much shorter and with AI it's
[00:20:27] like one person is enough to make a film.
[00:20:30] this kind of differences i believe and one and most important
[00:20:34] thing for me is the ontology of film.
[00:20:37] making in traditional way you rely on people
[00:20:41] and in with AI you have to rely
[00:20:45] on the machine, i think that's like huge ontological
[00:20:48] difference. between two ways right, and AI can
[00:20:52] now dub films into many different languages and even replicate
[00:20:56] a performer's voice, how is that changing the way
[00:20:59] local content reaches global audiences?
[00:21:03] actually it's a tricky issue because mostly it's depending on the distribution
[00:21:07] network uh, if you are local
[00:21:11] filmmaker and want to re reach a global
[00:21:14] audience
[00:21:15] uh there are only few ways you can do this which are social media platforms
[00:21:19] and online video
[00:21:21] platforms, but the
[00:21:24] distribution network, if you are a part of it can
[00:21:27] easily make you a global actor, and you can see
[00:21:31] this in both ways i think, with AI
[00:21:34] filmmaking, the people, the filmmakers who
[00:21:38] have access to this distribution network still can reach the
[00:21:42] global audience, but with if you are not a
[00:21:46] part of this distribution network, it doesn't matter who you
[00:21:50] actually unfortunately and I believe there is no way to
[00:21:54] reach global audience in the distribution network,
[00:21:58] but uh there are like video platforms like YouTube and all
[00:22:02] other video platforms and social media platforms uh it
[00:22:05] can make you a global player,
[00:22:09] but uh there is another issue about this
[00:22:12] too, it is called as that of
[00:22:15] internet because the amount the AI content
[00:22:19] on... social media platforms, the platforms are trying to deal
[00:22:23] with and decrease the number the AI
[00:22:26] content, and it's getting harder every day to be a global
[00:22:30] player. meanwhile, the Trump administration is widening its crackdown
[00:22:34] on foreign workers in the US, focusing on tech companies that
[00:22:38] employ large numbers them. the US has suspended eight
[00:22:42] companies including Microsoft and Adobe from a program
[00:22:46] that helps their workers get green cards. the Trump team accuses
[00:22:50] companies of manipulating the system to replace American
[00:22:53] workers.
[00:22:58] It was a jarring contrast on Thursday, President Trump
[00:23:01] honoring six tech billionaires, most them foreign born for
[00:23:05] their contributions to American society, including
[00:23:09] Microsoft CEO Satya Nandela. Just
[00:23:13] hours earlier Vice President JD Vance singled out
[00:23:17] Microsoft as the Trump team suspended. companies
[00:23:21] from the permanent labor certification program known as
[00:23:24] perm. it's often the first step towards a
[00:23:28] green card allowing foreign workers to stay permanently in
[00:23:32] america. the administration says the wider crackdown
[00:23:36] targets fraud and protects american jobs.
[00:23:40] microsoft is the perm program's latest
[00:23:43] applicant, according to the US labor department. our
[00:23:47] message to microsoft is, you're a great american company. but you've got
[00:23:50] to hire great American workers. You cannot lay off American workers
[00:23:54] and then replace them with foreign enditured servants. Under Per,
[00:23:58] employeers must show that no qualified U.S. worker
[00:24:02] is available for the job, and that hiring foreign worker
[00:24:06] will not undercut U.S. wages or working conditions.
[00:24:09] Microsoft defended its hiring practices, saying the vast
[00:24:13] majority of its US employees are Americans, and its
[00:24:17] workers received the same pay. regardless of
[00:24:21] nationality, but the wider debate over foreign
[00:24:24] workers has long divided Trump supporters, some say they
[00:24:28] take jobs from Americans, while others, including Elon
[00:24:32] Musk, say US companies need talent from
[00:24:36] abroad, five the six billionaires being honored at Trump's
[00:24:39] event were foreign born. For more than
[00:24:42] the decades, Satya, Nadella has been a key
[00:24:46] figure
[00:24:47] in the transformation of Microsoft. the
[00:24:51] company and empowering businesses, students and consumers
[00:24:55] from all over the world. we honor industrial titan, a brilliant
[00:24:58] engineer and one the greatest technology founders
[00:25:02] ever live, his name is Ilan
[00:25:05] Musk. Trump made no mention of Microsoft
[00:25:09] suspension in his remarks, but administration officials drew
[00:25:13] a distinction between what they called superstar immigrants who could
[00:25:17] build groundbreaking companies and exceptional foreign
[00:25:21] workers. Christina shimech, TRT
[00:25:24] World. And Hong Kong is
[00:25:27] taking new steps to reverse its rapidly falling birth rate.
[00:25:31] The city saw record low number of births last year, prompting
[00:25:35] leader John Lee to announce a fresh package of measures. They include
[00:25:39] continued cash handouts for newborns with almost
[00:25:42] $4,000 for every baby after the first, as well as
[00:25:46] increased quotas for IVF treatment at public hospitals.
[00:25:57] and her husband are still deciding when to start a family to encourage people like her to take the
[00:26:01] plunge Hong Kong's... Leader John Lee is extending a
[00:26:04] $2.500 cash handout to new parents for another three
[00:26:08] years. Other measures include increased tax
[00:26:11] allowances. For me is not going to be like
[00:26:14] a something one off,
[00:26:15] it's not not going to pivotal enough. I think as a family,
[00:26:19] I think we need to have a trust
[00:26:23] and confidence in the future that we will be able
[00:26:27] to thrive as family of three, as family of
[00:26:30] four for. or many more years to come. Being
[00:26:34] financially ready is one consideration, having the time to
[00:26:38] spend with our future children is just as
[00:26:41] important. Not just the government, but also
[00:26:45] how about our workplaces, how are they implementing
[00:26:48] policies that allow for working parents to be more involved in their
[00:26:52] children's lives and not just go to work, hand their children
[00:26:56] off and then only see them right before bedtime for bedtime
[00:27:00] stories. Mom of three in women's. Health personnel trainer Ziggy
[00:27:04] Maken says having the cash would definitely have helped her
[00:27:07] out. Everything adds up, obviously our biggest
[00:27:11] expense is rent. We aren't able to purchase
[00:27:15] very easily, so if they had young families, starter
[00:27:18] families with starter mortgages or something where it
[00:27:22] would be easier for us to make a home, make a
[00:27:26] happy home for our children where we didn't feel like we were always working so hard all the
[00:27:30] time. The government has... reduced the waiting time by year for
[00:27:34] families with newborns to apply for public rental housing and says
[00:27:38] it's committed to helping people get on the housing
[00:27:41] ladder. bath rates in Hong Kong have been trending down in
[00:27:45] recent years. there was a brief uptick in 2024 to
[00:27:49] nearly 37,000. that was probably because it was the year
[00:27:53] the dragon considered one the most auspicious years in the Chinese
[00:27:56] calendar, but last year in Hong Kong the number dropped by
[00:28:00] 6,000 to just over... the
[00:28:04] lowest since records began. the fertility rate with
[00:28:07] not.73 babies per woman, giving Hong Kong,
[00:28:11] the second lowest fertility rate among more than 200
[00:28:15] countries in global territories, ahead of only Macau. the
[00:28:18] impetus for the government to boost burst comes as it faces a
[00:28:22] shrinking workforce. around one and three people in Hong Kong are
[00:28:26] expected to be aged 60 or older by
[00:28:28] 2030. as the government looks to encourage more people.
[00:28:32] to have children, there is a growing call from parents to look beyond
[00:28:36] giving out cash for births and towards making the city a
[00:28:40] more habitable and happy place for children to grow up in. Laura
[00:28:44] Westbrook, TRT World, Hong Kong.
[00:28:48] Well, that is all from Money Talks for now, from me and the whole team here in
[00:28:51] Istanbul. Thanks for
[00:28:53] watching!
[00:29:14] Okay, eyes up everybody, it's bingo time.
[00:29:16] Okay, the
[00:29:20] facts and opinions. These people are playing politics with public
[00:29:24] safety, the noise and the nuance, they all collide in the nexus.
[00:29:28] There is nothing benying about illegal human smuggling. We look at the story, how it's
[00:29:32] being. told who benefits, what others are leaving out and
[00:29:35] why? it's always the elites who ask for it and the ordinary people who pay for it.
[00:29:39] we're all you
[00:29:40] need to know. Nexus on TRT
[00:29:42] World.
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[00:29:56] TRTworld.com.
[00:30:09] Saudi authority say another projectile hits the international airport in Riyadh
[00:30:13] as the hoothies claim responsibility for Saturday's deadly strike
[00:30:17] on the same airport. Hello and welcome to TRT
[00:30:21] World's live from Istanbul, I'm Jafar Hasman. Also coming
[00:30:24] up. Israel expands its so-called yellow
[00:30:28] line in Gaza, forcing dozens of Palestinian families to flee in the middle the
[00:30:32] night. Donald Trump says Russia and Ukraine
[00:30:35] have agreed to halt a strikes on each other's energy infrastructure,
[00:30:39] volodimir zelensky welcomes the move. The Polish
[00:30:43] interior minister says the man who threatened and planned to attack prime
[00:30:47] minister Donald Tusk has been
[00:30:48] arrested.