Ecuador's Drought-Induced Blackouts Cause $7.5 Billion in Losses
Ecuador is experiencing its worst drought in nearly 60 years, leading to daily power outages of up to 14 hours that have caused $7.5 billion in economic losses and widespread job losses, prompting public protests and government action to end most blackouts starting Friday.
Ecuador's Drought-Induced Blackouts Cause $7.5 Billion in Losses
Ecuador is experiencing its worst drought in nearly 60 years, leading to daily power outages of up to 14 hours that have caused $7.5 billion in economic losses and widespread job losses, prompting public protests and government action to end most blackouts starting Friday.
Progress
40% Bias Score
German Hiring Freezes Amidst Economic Crisis
German companies' hiring plans have decreased to levels unseen in 4.5 years due to economic downturn and order backlog, resulting in a drop in the Ifo employment barometer to 92.4 points in December and a 12.6% year-on-year increase in insolvency filings in November.
German Hiring Freezes Amidst Economic Crisis
German companies' hiring plans have decreased to levels unseen in 4.5 years due to economic downturn and order backlog, resulting in a drop in the Ifo employment barometer to 92.4 points in December and a 12.6% year-on-year increase in insolvency filings in November.
Progress
44% Bias Score
Trump, Musk Block Spending Bill, Plunging Washington into Crisis
President-elect Trump and Elon Musk blocked a \$100 billion short-term spending bill, creating a potential government shutdown and jeopardizing House Speaker Mike Johnson's position, showcasing a preview of the chaos expected during Trump's second term.
Trump, Musk Block Spending Bill, Plunging Washington into Crisis
President-elect Trump and Elon Musk blocked a \$100 billion short-term spending bill, creating a potential government shutdown and jeopardizing House Speaker Mike Johnson's position, showcasing a preview of the chaos expected during Trump's second term.
Progress
60% Bias Score
Germany's Post-War Economic Model Hinders Adaptation, Leading to Sharp Decline
Germany's economy is facing a sharp decline, with GDP set to fall for a second year, impacting major industries like chemicals and metallurgy, and causing unprecedented factory closures due to the rigidity of its post-World War II economic model.
Germany's Post-War Economic Model Hinders Adaptation, Leading to Sharp Decline
Germany's economy is facing a sharp decline, with GDP set to fall for a second year, impacting major industries like chemicals and metallurgy, and causing unprecedented factory closures due to the rigidity of its post-World War II economic model.
Progress
56% Bias Score
Argentina's Austerity Measures Drive Poverty to Two-Decade High
Under President Javier Milei's austerity measures, Argentina's poverty rate has soared to a two-decade high of 53%, impacting 18% in extreme poverty and more than 60% of children under 14, leading to widespread food insecurity and social distress in impoverished areas like Barrio Mugica and La Carol...
Argentina's Austerity Measures Drive Poverty to Two-Decade High
Under President Javier Milei's austerity measures, Argentina's poverty rate has soared to a two-decade high of 53%, impacting 18% in extreme poverty and more than 60% of children under 14, leading to widespread food insecurity and social distress in impoverished areas like Barrio Mugica and La Carol...
Progress
68% Bias Score
German Election 2024: Economy Takes Center Stage
Germany's snap election on February 23rd is dominated by economic concerns, with the ruling SPD, CDU opposition, and Greens offering competing plans involving tax policies, debt reforms, and minimum wage increases, alongside concerns about the war in Ukraine and immigration.
German Election 2024: Economy Takes Center Stage
Germany's snap election on February 23rd is dominated by economic concerns, with the ruling SPD, CDU opposition, and Greens offering competing plans involving tax policies, debt reforms, and minimum wage increases, alongside concerns about the war in Ukraine and immigration.
Progress
36% Bias Score
France's Soaring Public Debt: €3.3 Trillion and Rising
France's public debt has risen to €3.3 trillion by the end of Q3 2024 (113.7% of GDP), projected to increase to 120% by 2027 due to persistent high spending and the impact of recent events like Cyclone Chino in Mayotte; the government plans to issue €300 billion in debt in 2025.
France's Soaring Public Debt: €3.3 Trillion and Rising
France's public debt has risen to €3.3 trillion by the end of Q3 2024 (113.7% of GDP), projected to increase to 120% by 2027 due to persistent high spending and the impact of recent events like Cyclone Chino in Mayotte; the government plans to issue €300 billion in debt in 2025.
Progress
48% Bias Score
Trump and Musk Block Spending Bill, Risking Government Shutdown
President-elect Trump and Elon Musk blocked a \$100 billion bipartisan spending bill, risking a government shutdown and jeopardizing House Speaker Mike Johnson's position, creating a major crisis before Trump's second term begins.
Trump and Musk Block Spending Bill, Risking Government Shutdown
President-elect Trump and Elon Musk blocked a \$100 billion bipartisan spending bill, risking a government shutdown and jeopardizing House Speaker Mike Johnson's position, creating a major crisis before Trump's second term begins.
Progress
56% Bias Score
Trump and Musk Block Spending Bill, Triggering Washington Crisis
President-elect Trump and Elon Musk blocked a bipartisan short-term spending bill containing nearly $100 billion in disaster aid, plunging Washington into crisis and jeopardizing House Speaker Mike Johnson's position, just days before the holiday season.
Trump and Musk Block Spending Bill, Triggering Washington Crisis
President-elect Trump and Elon Musk blocked a bipartisan short-term spending bill containing nearly $100 billion in disaster aid, plunging Washington into crisis and jeopardizing House Speaker Mike Johnson's position, just days before the holiday season.
Progress
60% Bias Score
Europe's Economic Crisis: Innovation Gap and US Trade Tensions
Europe's economy faces a crisis due to a lack of innovation, aging populations, and potential US trade conflicts, jeopardizing its social welfare model and potentially triggering austerity measures.
Europe's Economic Crisis: Innovation Gap and US Trade Tensions
Europe's economy faces a crisis due to a lack of innovation, aging populations, and potential US trade conflicts, jeopardizing its social welfare model and potentially triggering austerity measures.
Progress
52% Bias Score
Moody's Downgrades French Banks Amidst Budget Crisis and Political Instability
Moody's downgraded seven French banks and France's credit rating due to political deadlock over the 2025 budget, leading to a sell-off in French banking stocks and rising government bond yields, mirroring concerns seen during the 2009 Greek debt crisis.
Moody's Downgrades French Banks Amidst Budget Crisis and Political Instability
Moody's downgraded seven French banks and France's credit rating due to political deadlock over the 2025 budget, leading to a sell-off in French banking stocks and rising government bond yields, mirroring concerns seen during the 2009 Greek debt crisis.
Progress
56% Bias Score
Germany Extends Short-Time Work Benefits to 24 Months
The German Cabinet extended short-time work benefits to 24 months until December 31, 2025, to counter rising unemployment (268,000 in September 2024, 76% more than last year), primarily affecting manufacturing sectors like machinery and automotive production, aiming to support businesses and retain ...
Germany Extends Short-Time Work Benefits to 24 Months
The German Cabinet extended short-time work benefits to 24 months until December 31, 2025, to counter rising unemployment (268,000 in September 2024, 76% more than last year), primarily affecting manufacturing sectors like machinery and automotive production, aiming to support businesses and retain ...
Progress
40% Bias Score