00:00C'est parti.
00:05On the cusp of sealing a major trade deal with India. Tell us more.
00:10The European Commission and the European Council are both in New Delhi and India really rolled out.
00:15The red carpet for them, hosting them as guests of honor at the Republic Day Parade.
00:20The two sides are expected to sign a new free trade agreement at the EU.
00:24India Summit on Tuesday, one that they've been negotiating since 2022.
00:29With separate deals on investment protection and geographical indications.
00:33Even if signed, it will still have to go before the European Parliament for us.
00:38But it will be an important step for both the EU and India that are trying...
00:43to diversify their trading partners in the face of Donald Trump's unpredictable trade policies.
00:48Supply disruptions and increasing competition from China.
00:52According to Brussels, the EU is India's largest trading partner while New Delhi is...
00:57is the bloc's ninth largest.
00:59Bilateral trade in goods amounted to 100...
01:02and 20 billion euros in 2024, accounting for about 11 percent of India's...
01:07total trade and 2 percent of the EU's.
01:09The volume has increased by some 90 percent.
01:12over the past decade.
01:13Services trade amounted to almost 60 billion.
01:17Now, the Indian market is highly restrictive with significant tariffs on foreign...
01:22imports to protect vital sectors like farming.
01:25And while sensitive agricultural issues...
01:27have not been part of the deal, Modi's government has reportedly agreed to cut import tariffs...
01:32on EU cars...
01:33from 110 percent to 40 percent.
01:37For this part, New Delhi wants to expand duty-free access to EU markets for things like textile...
01:42and jewellery.
01:43Speaking of the markets, Yuka, the price of gold has reached another all-time...
01:47Well, the yellow metal has blasted past the $5,000 announced mark for the first...
01:52last time ever.
01:53It's eased slightly from the day's high, but it's still a staying above...
01:57above the above the 5,000 mark.
01:59Silver also reached an all-time high and hit...
02:02$117 an ounce earlier today.
02:05Investors and some governments...
02:07have been diverting their money away from American assets such as treasury bonds...
02:12and the dollar to hedge against geopolitical risks.
02:15Over the past year, the price of gold...
02:17has surged more than 80 percent from below $3,000 an ounce to now over $5,000...
02:22it's more than doubled over the past two years.
02:25As for silver, it's gained...
02:27dropping 170 percent just over the past six months.
02:31The gold to silver...
02:32ratio which indicates how many ounces of silver can buy one ounce of gold...
02:36dropped from the...
02:37near 80 to below 50 just in the past two months.
02:40And how about the stock market...
02:42gets you...
02:43how are they doing?
02:44Well, U.S. stocks broadly rose as investors await some...
02:47big corporate earnings reports due out this week...
02:50including from Boeing, General...
02:52Motors, Meta, Microsoft and Apple.
02:55The Dow Jones Industrial Average Games...
02:57gained at 300 points...
02:58the S&P 500 rose half a percent...
03:00and the Nasdaq also eased out...
03:02mild-mild gains this Monday.
03:04Mining company USA Rare Earth skyrocketed...
03:07as much as 20 percent at one point this Monday...
03:09and closed up 8 percent...
03:11after the...
03:12commerce department said...
03:13the administration would invest 1.6 billion dollars...
03:16into the fund.
03:17finally to China...
03:18finally to China...
03:19where the approach of the Lunar New Year...
03:21has brought an...
03:22unlikely viral trend.
03:23Well, during the period leading up to the New Year holiday...
03:26families...
03:27and friends...
03:28often by presence...
03:29to wish each other...
03:30good luck.
03:312026 will be the...
03:32year of the horse...
03:33and among the 12 animals...
03:35in the Chinese zodiac...
03:36it symbolizes by...
03:37vitality...
03:38speed...
03:39and energy...
03:40but instead...
03:41this year is seeing...
03:42an unexpected...
03:42success of a sad-faced cuddly horse...
03:44resulting from a production error...
03:46and it's got...
03:47something to do with...
03:48China's working culture...
03:49Brian Quinn explains.
03:52same doll...
03:53different mood...
03:54as the Lunar New Year approaches...
03:56Chinese...
03:57these shoppers...
03:58are snapping up...
03:59an unlikely mascot...
04:00this plush horse...
04:01should be smiling...
04:02but a mix-up at the factory...
04:04has turned that smile...
04:05upside down...
04:06and created...
04:07a viral sensation...
04:08in the process...
04:09the crying horse...
04:10came about...
04:11because a worker...
04:12sewed its mouth...
04:13upside down...
04:14by mistake...
04:15a lot of customers...
04:16say it makes sense...
04:17that it suits the spirit...
04:17of today's corporate slaves...
04:19in the Chinese Zodiac...
04:212026...
04:22is the year of the horse...
04:23to celebrate...
04:24its arrival...
04:25on February 17th...
04:26gift givers...
04:27would generally...
04:28opt for...
04:29an auspicious symbol...
04:30but China's...
04:31domestic economy...
04:32is an...
04:32prolonged slump...
04:33with consumer spending...
04:34lagging...
04:35the global average...
04:36by some 20%...
04:37of GDP...
04:38the country's...
04:39youth unemployment rate...
04:40hit a two-year high...
04:41of nearly 19...
04:42percent...
04:43last August...
04:44before easing...
04:45to around...
04:4616.5%...
04:47in December...
04:47those who do find...
04:48white-collar jobs...
04:49often find the conditions...
04:50to be...
04:51frown-inducing...
04:52with long hours...
04:53and high stress...
04:54commonplace...
04:55there's even a nickname...
04:56for such...
04:57exhausted employees...
04:58niu ma...
04:59or cow and horse...
05:00niu ma...
05:01or cow and horse...
05:02niu ma...
05:03i understand...
05:04it's a kind of...
05:05emotional value...
05:06that young people...
05:07look for these days...
05:07when you go to work...
05:08sitting there...
05:09feeling like you want to cry...
05:10then when you get off work...
05:11you're...
05:12immediately happy...
05:13right?
05:14the factory has had to...
05:1710 new production lines...
05:18to keep up...
05:19with the tens of thousands...
05:20of orders flowing in daily...
05:22a fitting response...
05:23for the year of the horse...
05:24which symbolizes...
05:25both...
05:26progress...
05:27and...
05:28perseverance...
05:32well...
05:33let's wish these...
05:34cow and horse workers...
05:35a very good new year...
05:37Yuka...
05:38thanks so much...
05:39for all of that...
05:40Yuka there...
05:41with all the day's...
05:42business news...
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