Money Talks

We spoke to Ahmet Daglioglu, who is the president of the Investment Office of the Presidency of Türkiye. He says as global businesses rush to secure their supply lines, many are turning to Türkiye because of its geo-strategic location and extensive transport infrastructure.

#Türkiye #Investment #TechStartups

Stocks have been under severe pressure lately, flirting with a bear market for the past week. The S&P 500 is now 18.6% below a record closing high set in early January and more than 19% below an intraday all-time high reached earlier this year. And indeed investors have been focused on the rate hiking cycle this week, trying to decipher whether the Federal Reserve will continue with an aggressive rate hikes and whether the European Central Bank will decide to follow suit.

#StockMarkets #MarketCrash #InterestRates

Ministers and officials from more than 60 countries gathered in Germany this week, to discuss the global logistics crunch. While much of the focus has been on decarbonisation and digitalisation in recent years, the war in Ukraine has created additional hurdles on the road to global transport connectivity. Sibel Karkus reports from Leipzig.

#LeipzigSummit #SupplyChain #GlobalTrade

New research in the UK has found a quarter of Britons have started skipping meals due to the rising cost of living. The country's rate of inflation has hit 9%, the highest it's been in 40 years. The cost of fuel, food and energy are all increasing, with families struggling to pay their bills. Sarah Morice takes a look at the impact this is having on people going about their daily lives.

For more on this, Vicky Pryce joined us from London. She's a board member at the Centre for Economics and Business Research.

#UnitedKingdom #Inflation #FoodPrices

The United States has accused Russia of holding global food supplies hostage since it launched an attack on Ukraine. The ongoing conflict is impeding their ability to ship their products out. The United Nations says unless fighting stops soon, tens of millions of people will starve. Vulnerable communities are already struggling to put food on the table, due to rising prices, the effects of global heating and pandemic supply chain constraints.

#RussiaAttacksUkraine #FoodInsecurity #FoodPrices

Asian stocks are rallying to close a volatile trading week, as the Chinese central bank provided more stimulus for the world's second-largest economy. Monetary authorities in Beijing surprised markets on Friday, slashing interest rates beyond expectations, giving domestic output a boost.

Craig Erlam joined us from London. He's a senior market analyst at OANDA.

#StockMarkets #China #InterestRates

Billions of dollars in wealth have evaporated, following one of the worst days for stock markets since early in the pandemic. The sell-off started on Wall Street, where the blue chip Dow Jones index fell 3.57% or more than 1,100 points.

Shares on the NASDAQ and S&P 500 indices were also down 4%. The declines were triggered by fears over slowing global economic growth, coupled with the rapid rise in consumer prices.

Victoria Scholar, head of investment at Interactive Investor in London, joined us for more.

#GlobalStocks #MarketTurmoil #InflationFears

Sri Lanka is defaulting on its debt, in just the latest sign of the nation's escalating economic collapse. The government had failed to pay back almost $80M in interest for bonds sold to foreign investors. Sri Lanka's energy ministry says the country can no longer afford to pay for petrol shipments, due to the rising cost of crude in international markets.

For more, we were joined by Chayu Damasinghe in Colombo. He's the head of macroeconomic research at the think thank Frontier Research.

#SriLanka #SriLankaEconomy #EconomicCrisis

Consumers in the UK saw another major blow to their purchasing power last month, due to the higher cost of food and energy. Inflation in the world's fifth-largest economy surged to 9% in April. That's the most since records began in 1989.

For more on inflation data in the UK, Equiti Capital market analyst David Madden joined us from London.

#UnitedKingdom #Inflation #UKInflation

Oil prices have rallied as China set out a clear timetable for the reopening of its financial hub Shanghai on June the first. The international crude benchmark Brent rose more than 2% to around $114 a barrel. Investors are betting the world's second largest economy can quickly rebound from a slowdown caused by lockdowns.

For more on China's economy and its impact on oil prices, AJ Bell financial analyst Danni Hewson joined us from Huddersfield, UK.

#OilPrices #ChinaEconomy #ChinaLockdowns