Money Talks

Rich nations have locked up 60-percent of the global supply of coronavirus vaccines. In many cases, countries are buying more than they need. Canada, for instance, has ordered enough jabs to cover its population five times over. This hoarding has deprived some of the world's most vulnerable people of the life-saving injections. But as well as hurting poorer populations, the World Health Organization is warning this so-called 'vaccine nationalism' could also cost wealthy nations trillions of dollars. Paolo Montecillo reports. For more, we spoke to Doctor Andrea Feigl in Washington. She's a health economist and the founder and CEO of the Health Finance Institute.

#Coronavirus #WHO #VaccineHoarding

Facing an economic slowdown and surging unemployment, Saudi Arabia is pouring $40 billion into its economy. The kingdom's also rushing to restore trade with its neighbours. But as Mobin Nasir reports, the stimulus spending could pile on debts at a time when oil revenues are drying up.

#SaudiArabia #InvestmentFund #Trade

Chinese President Xi Jinping has called on world leaders to work together towards the recovery of the global economy following the coronavirus pandemic.Xi made the comments via video link at the annual World Economic Forum. The Chinese president emphasised that countries should promote strong, sustainable, balanced and inclusive growth of the world economy. China is one of the only mega economies that reported positive GDP growth in 2020. WEF says global GDP has fallen by 4.2% since the pandemic began. And China’s leader says multilateralism can help mitigate the effects of the coronavirus pandemic. Jeremy Jurgens is the Managing Director at the World Economic Forum. He joined us from Geneva, Switzerland.

#China #WEF #Multilateralism

Turkish grocery delivery start-up Getir wants to be the nation's next unicorn. The company announced it secured more funding this week, and it's hoping the cash injection will help it knock on more doors around the world. We spoke to Getir's Founder, Nazim Salur, who told Money Talks more about the company's ambitious plans to expand overseas.

#Getir #DeliveryApp #Investment

An exhibition featuring wearable gadgets is being held in Tokyo this week. All the latest in wearable virtual and augmented reality, Internet of Things, and other wacky tech advancements will be on display. The event is being held in person despite the ongoing pandemic. Mayu Yoshida reports from Tokyo.

#WearableTech #Biometrics #Data

EU leaders have met online to discuss the introduction of so-called vaccine passports or certificates. With vaccination slowly increasing across the bloc, some countries are pushing for a system which would allow vaccinated people to start travelling, but not everyone is in favour. Simon McGregor-Wood has more.

#EUmembers #VaccinePassport #EUTravel

Demand for electric cars has been soaring, as countries around the world aim to lower their greenhouse gas emissions and fossil fuel dependence. And so too has the need for their specialised batteries. But there are worries that investing in these green fuel cells could also cost the environment. Miranda Lin explains.

#ElectricBatteries #FossilFuels #CarbonEmissions

Turkish grocery delivery startup Getir wants to be the nation's next unicorn. The company just secured more funding, and it's hoping the cash injection will help it knock on more doors around the world. We were joined by Getir's Founder, Nazim Salur who joins us from Istanbul.

#GroceryDeliveryApp #Getir #TechStartUp

US President Joe Biden campaigned on the promise that his administration would be nothing like Donald Trump's. And so far, he's delivered, reversing some of his predecessor's most controversial moves. But the new leader's task remains daunting as he inherits an ailing economy and a worsening pandemic. Paolo Montecillo has the details. For more on the new administration, we spoke to Joseph Foudy. He's an associate professor of economics at New York University's Stern School of Business.

#JoeBiden #ExecutiveOrders #USpresident

The live music industry continues to be severely affected by the coronavirus pandemic. It's left many artists relying on income from streaming sites like Spotify. But despite racking up thousands of plays, royalty rates of around a third of a cent per stream mean many are struggling to survive. Now campaigners at 'Broken Record' in the UK and 'Justice at Spotify' in America, are fighting to increase royalties and reform the streaming economy. Oliver Regan has more.

#StreamingRevenues #LiveMusicians #Spotify