Money Talks

Financial technology, better known as ‘fintech’, is rapidly becoming one of the big buzzwords in the business and technology world. It’s a multi-billion dollar industry that’s changing everything from how we make payments to how we get loans. TRT World’s Tulay Kalyon Haznedaroglu went to Turkiye’s biggest fintech summit, Webrazzi 2022, to find out more about what some call the future of finance.

#Turkiye #Fintech #Webrazzi

The World economy is expected to be as weak as it was in 2009 right after the financial crisis. That's what the Institute of International Finance said, adding that the conflict in Ukraine now risks becoming a 'forever war'. Global growth is expected to slow to 1.2% in 2023. The slowdown will be led by Europe, which is impacted most by the war.

For more on this, we spoke to Stephen Innes, who is managing partner at SPI Asset Management.

#GlobalEconomy #EconomicGrowth #2023Outlook

Türkiye has launched an investigation on Sam Bankman-Fried, former CEO of crypto exchange FTX, over fraud allegations. Turkish authorities have also seized the assets of FTX and its affiliates under the probe.

For more on this, we spoke to blockchain researcher Turan Sert, who is advisory board member at Paribu.

#FTX #Türkiye #CryptoRegulations

Oil prices dropped as the European Union considered a higher than expected price cap on Russian crude. Increasing signs of a global slowdown also took a toll, amid mounting headwinds in the two largest economies, threatening energy demand. EU officials discussed setting the ceiling for Russian seaborne exports at $65 to $70 a barrel.

For more on this, we spoke to Jameel Ahmad, who is the chief investment strategist for MENA at Alpari.

#OilPrices #PriceCap #RussianOil

New Zealand's central bank delivered a 75 basis point hike. That is the biggest rate hike ever in the central bank history. The New Zealand's exchange is down 0.85% and the Australian ASX200 is up 0.7%, despite the Reserve Bank of Australia governor Philip Lowe on Tuesday hinting at more rate hikes ahead.

For more on this, we spoke to Naeem Aslam, who is the chief market analyst at AvaTrade.

#NewZealand #InterestRates #Inflation

The dollar has steadied, paring some of its strong overnight gains today, after investors flocked to the safe-haven currency amid China's COVID flare ups. China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in cases sparking fresh restriction measures.

For more on this, we spoke to Russ Mould, who is the investment director at AJ Bell.

#Dollar #China #COVID

Innovation, inclusiveness and collaboration… Global business leaders say these are the three pillars upon which the world can rebuild economic growth. Two thousand industry figures met in Bali this week for the B20 conference, a gathering of global business leaders that takes place just before the G20 summit. Our correspondent Melinda Nucifora sat down with the B20 chairperson, Shinta Kamdani.

#B20 #Development #Sustainability

G20 Summit took place on the Indonesian island of Bali last week. Russian President Vladimir Putin decided to skip the proceedings that were inevitably dominated by the war he started in Ukraine, and the global crises that have arisen from it. The summit ended with a joint declaration in which most members "strongly condemned" the Russia Ukraine conflict. It's a crisis other leaders blame for making the state of the global economy worse. Leaders also reaffirmed their commitment to the global transition to sustainable energy, saying they want to "pursue efforts to limit the rise in global temperatures to under 1.5 degrees Celsius.

For more on this, we were joined by Taha Meli Arvas in the studio.

#G20 #RussiaAttacksUkraine #Sustainability

The UN estimates the world's population passed 8B last week. While that means people having been living longer thanks to better healthcare, it also raises questions about how a growing population will affect both economies and the environment for the years to come. Tayyibe Aydin reports.

For more on this, we spoke to John Wilmoth, who is the population division director at the United Nations' Department of Economic and Social Affairs.

#WorldPopulation #Sustainability #8Billion

Veteran Israeli politician Benjamin Netanyahu was officially tasked with forming a government earlier this week, after he and his ultra-orthodox and nationalist allies emerged clear winners of this month's elections. Netanyahu has previously spent more than a decade in power, and is currently facing corruption charges. And now he's tasked with tackling Israel's affordability crisis.

#Isreal #Netanyahu #Bibi