Tag #Economic Crisis

nos.nl
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Dutch Hospitality Faces 2024 Crisis Amidst Rising Costs and Reduced Spending

Despite a 4% rise in Dutch hospitality turnover in 2023, attributed solely to price hikes, reduced consumer spending and increased costs threaten the sector, with ABN Amro predicting 450 restaurant closures in 2024, double the 2023 number.

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40% Bias Score

Reduced Inequality
lefigaro.fr
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French Unemployment Agency Faces Financial Crisis Due to Budget Delay

Unédic, the French unemployment insurance agency, faces a financial crisis due to a delayed €4 billion state loan guarantee for its 2025 budget, potentially resulting in €44.3 billion debt by 2027, despite a projected €300 million surplus in 2024, prompting concerns about the system's long-term solv...

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44% Bias Score

Decent Work and Economic Growth
t24.com.tr
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Turkey's SOEs and Public Institutions Face Record 1.6 Trillion Lira in Operational Losses

In 2024, Turkish state-owned enterprises and public institutions faced record operational losses exceeding 1.6 trillion lira ($57 billion USD), including 705 billion lira for the Social Security Institution (SGK), 239.75 billion lira for other SOEs, and 109.04 billion lira for public banks, reflecti...

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56% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Lebanon's 13th Presidential Vote: Aoun Emerges as Leading Candidate Amidst Multiple Crises

Lebanon's lawmakers will make a 13th attempt to elect a new president this Thursday, amid multiple crises including a severe economic recession, and the recent conflict between Hezbollah and Israel, which displaced up to 1.3 million people. The leading candidate is Joseph Aoun, commander-in-chief of...

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36% Bias Score

Peace, Justice, and Strong Institutions
sueddeutsche.de
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German Insolvencies Surge to 15-Year High

German business insolvencies hit a 15-year high in Q4 2024, with 4215 companies and nearly 38,000 jobs affected, exceeding levels last seen after the 2009 financial crisis due to the lagged effects of low interest rates and pandemic subsidies.

Progress

36% Bias Score

Decent Work and Economic Growth
lexpansion.lexpress.fr
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French Political Irresponsibility Amidst Economic Crisis

French politicians are criticized for neglecting crucial economic issues like rising public debt and deficit, prioritizing the 2027 election instead; this is contrasted with the global concerns raised by Donald Trump's return to power.

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64% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Ghana to Investigate Controversial $400 Million National Cathedral Project

Ghana's new President, John Mahama, will investigate the controversial $400 million national cathedral project, which has already spent $58 million of taxpayer money despite stalled progress amid Ghana's economic crisis.

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52% Bias Score

Reduced Inequality
theguardian.com
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UK Faces Economic Instability and Political Scandals Amidst Rising Reform UK Support

Amidst economic turmoil and controversies surrounding government officials like anti-corruption minister Tulip Siddiq, Chancellor Hunt urges pro-growth measures, while Liz Truss threatens legal action against Keir Starmer, and Reform UK gains in the polls.

Progress

56% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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German Election: Refugee Crisis, Economy, and Candidate Dissatisfaction Dominate

A new ARD-Deutschlandtrend poll reveals that Germany's upcoming February election will be heavily influenced by voters' concerns over the refugee crisis, the struggling economy, and widespread dissatisfaction with leading candidates; CDU/CSU leads with 31% support, while the AfD holds second place w...

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36% Bias Score

Reduced Inequality
t24.com.tr
🌐 85% Global Worthiness
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Turkish Opposition Launches "Red Card" Campaign Against Government

CHP leader Özgür Özel launched a "red card" campaign in Mersin, Turkey, urging citizens to visually protest economic hardship and government inaction, particularly concerning the lack of aid to Mersin following the February 6 earthquake, and using the red card as a visible symbol of opposition to th...

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60% Bias Score

No Poverty
lexpansion.lexpress.fr
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France's Economic Crisis: Public Spending and Loss of Confidence

France's economic situation has worsened dramatically since early 2024, due to the dissolution of the National Assembly and uncontrolled public spending, leading to a loss of public confidence and increasing economic risks.

Progress

56% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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Somali Livestock Export Ban Sparks Protests and Political Tensions

The Somali government reportedly banned foreign traders from exporting Somali livestock, causing protests from traders and around 100 Somali MPs who warn of severe economic consequences and potential further action if the government doesn't reverse its decision; the ban has already halted exports of...

Progress

48% Bias Score

Decent Work and Economic Growth