Money Talks

Millions of people lost their jobs last year as a result of the pandemic. And according to the international charity, Oxfam, women were much more likely to be laid-off than men, suffering more than 800-billion dollars in lost income last year. That's a result of long-standing economic inequalities that will now be much harder to address. We got more from gender equality consultant, Dr Julie Scanlon. She joins us from Newcastle in the UK.

#Oxfam #Inequality #PayGap

How much would you be prepared to fork out for a pair of used shoes? Try $1.8 million. That’s how much some Nike sneakers once worn by hip-hop star Kanye West have been sold for at a Sotheby’s auction. Here’s the story of how the musician-turned-fashion designer is etching Nike’s name into the record books.

#Yeezy1s #KanyeWest #Sothebys

A Turkish shipbuilder delivered the world's largest electric ferry to buyers in Norway last month. Sefine Shipyard says demand for vessels that function without fossil fuels is rising. Now it's hoping to launch the same clean technology in its home market. Mobin Nasir reports from Yalova, Turkey's shipbuilding hub.

#Turkey #Shipbulding #ElectricFerry

The COVID-19 pandemic has changed Americans’ eating and drinking habits, as people work and dine largely at home. One segment of the market that has been affected is tea. With health concerns front and centre, people are turning to tea to relieve stress and improve their well-being. Fred Katayama takes a closer look at the growing market for specialty teas in the US.

#Tea #NewYork #HerbalTeas

More than a year into the pandemic, the adoption of digital services is accelerating at an unprecedented rate. That's helped tech giants Alphabet and Microsoft book record sales in the first quarter of 2021, with online advertising and cloud computing continuing to be major money- makers. Let's get more on this now with Santosh Rao in Princeton, New Jersey. He's a Partner and Head of Research at Manhattan Venture Partners.

#Alphabet #Google #Microsoft

The European Parliament has voted to approve the bloc's trade deal with the UK after years of contentious wrangling over Brexit. It ensures zero taxes for most shipments between the two sides, and sets out rules for who gets to fish in British waters, and for how long. But with the deal only covering the trade in goods, there are fears Britian's dominant services sector might lose-out. Paolo Montecillo reports. For more, we spoke to Vicky Pryce in London. She's an economist and board member at the Centre for Economics and Business Research.

#EUlawmakers #TradeDeal #Brexit

The World Bank has forecast a huge increase in solid waste in the next 30 years as the global population grows. It also says at least a third of global waste is mismanaged through open dumping or burning. But one charity in South Africa has launched a new environmental clean-up drive, that's also helping people hit hard by coronavirus lockdowns. Rahul Radhakrishnan has more.

#SouthAfrica #Recycling #CleanUpDrive

Millions of UK festival-goers could be disappointed this summer, as uncertainty grows over whether the events will take place. The industry is struggling to get private insurance protection against COVID-19 cancellations and is calling on the government to step-in and underwrite their events. All UK lockdown restrictions are due to end on the 21st of June and as Natalie Powell reports, festival operators are questioning why the government won't step in.

#UKfestivals #Insurance #COVID19

Tesla has further solidified its status as one of the world's leading automakers. The Silicon Valley company has beaten Wall Street expectations for its first-quarter results, which were boosted by record deliveries despite a global chip shortage. But Tesla is also cashing in on its foray into digital assets.Let's get more on this now with Jim Holder in London. He's an auto industry analyst and the Editorial Director at Haymarket Automotive

#Tesla #FinancialResults #ElectricCars

Turkish investors are getting on the bitcoin bandwagon in a big way. The number and value of transactions has grown exponentially in the past year, as people try to catch the wave and ride it to higher valuations. But the recent collapse of two major cryptocurrency exchanges has rocked the industry, prompting the government to step in to protect investors. Paolo Montecillo has more.

#TurkishInvestors #CryptocurrencyExchange #Bitcoin