Money Talks

Could the tide be turning on the fast fashion market? Consumers are becoming more aware of the environmental impact of their clothing choices. The price point of disposable fashion has been an attractive draw for many years, but a new report suggests this could be about to change. Natalie Powell has more.

#UKretailers #Vogue #SustainableFashion

US President Joe Biden's administration is asking Congress for 75 million dollars in aid to help rebuild Gaza. The economy is in tatters after the destruction caused by the recent Israeli bombardment. Hamas estimates factories and the energy sector have suffered more than 60 million dollars in damage. Israel's government is yet to publish its official estimate. Rahul Radhakrishnan has more. we got more on the story from Nizar Sadawi in Gaza. He told us about the how Palestinians view Washington's latest move.

#Gaza #IsraeliBombardment #PalestineEconomy

A court in the Netherlands has ordered Royal Dutch Shell to cut its greenhouse gas emissions by 45 percent by 2030.

Environmental groups including Greenpeace and Friends of the Earth filed the case at the Hague in 2019. They want the oil giant to comply with the 2015 Paris Agreement. The verdict marks the first time any company has been mandated to reduce its carbon footprint. Activists say this precedent can now be used to file similar suits against other big polluters.

#Shell #GreenhouseEmissions #CarbonFootprint

2020 was a tough year for cosmetics in the UK, as successive coronavirus lockdowns, remote working and a ban on gatherings lowered demand. But with social interaction back on the cards, as the country begins to peel away at the layers of restrictions, make-up sales -- and in particular lipsticks -- are rebounding. Natalie Powell reports.

#UKcosmetics #LipstickEffect #PandemicRestrictions

Many people in Sudan are turning to clean energy after too many months of instability due to electricty outages and fuel shortages. Solar power companies consider the country as an important emerging market for sustainable energy. Adesewa Josh reports.

#FuelShortages #SudanEconomy #SolarPower

Amazon CEO Jeff Bezos and Tesla chief Elon Musk have become household names, jostling for the title of the world's richest person. But a new contender briefly stole the crown this week. You may not have heard of Bernard Arnault, but chances are you're familiar with at least one of his luxury brands.

#LVMH #BernardArnault #JeffBezos

The murder of George Floyd was a catalyst for global calls for racial equity and police reform, especially in the U-S. One year on, and activists are still waiting for major legislation to be passed. Corporations are also under increased pressure to spend more on projects that uplift African Americans and other minority groups facing discrimination. Paolo Montecillo reports. We spoke to Eugene Puryear in New York. He's an activist and national organiser of the Act Now to Stop War and End Racism Coalition, ANSWER.

#GeorgeFloyd #RacialEquity #USminorityGroups

The European Union is imposing new sanctions on individuals and businesses linked to President Alexander Lukashenko in Belarus. The bloc is also banning Belarusian planes from EU airspace and urging all carriers to stop flying over the country. It follows Sunday's forced landing of a passenger plane travelling from Greece to Lithuania. On board was the dissident Belarusian journalist, Roman Protasevich, who was arrested when the plane touched down in Minsk. Simon McGregor-Wood has the latest. Let's get more on this from Jack Parrock who joined us from Brussels.

#EUsanctions #Belarus #RomanProtosevich

Christie's auction house has set a world record for a purple-pink diamond. The Sakura Diamond sold for $29 million in Hong Kong, making it the most valuable jewel to go under the hammer so far this year. As Michelle Hennessy explains, it shows the luxury goods market remains resilient even during the global economic slowdown.

#Diamond #Auction #Sothebys

The UK's arts venues have opened for the first time this year. But getting your hands on tickets for the top shows, musicals or exhibitions is easier said than done. Pent-up demand for cultural events plus reduced capacities means many events are already sold out. Matt Gooderick has more from London.

#Art #UKeconomy #COVID-19restrictions