Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Progress
36% Bias Score
Ukraine Faces Three New IMF Conditions Amid Concerns Over US Spending Audit
Ukraine must meet three new IMF conditions—a securities market regulator strategy, an energy regulator assessment, and a law on third-party risks—to continue receiving funding; a total of 51 benchmarks must be met, with 34 reportedly complete; CIA Director William Burns' visit to Kyiv follows these ...
Ukraine Faces Three New IMF Conditions Amid Concerns Over US Spending Audit
Ukraine must meet three new IMF conditions—a securities market regulator strategy, an energy regulator assessment, and a law on third-party risks—to continue receiving funding; a total of 51 benchmarks must be met, with 34 reportedly complete; CIA Director William Burns' visit to Kyiv follows these ...
Progress
40% Bias Score
Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties
Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.
Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties
Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.
Progress
48% Bias Score
China's Consumer Market Poised for Steady Growth
China's consumer market is expected to see steady growth next year, driven by government initiatives like a trade-in program that has already generated over 1 trillion yuan in sales and a focus on high-quality service consumption.
China's Consumer Market Poised for Steady Growth
China's consumer market is expected to see steady growth next year, driven by government initiatives like a trade-in program that has already generated over 1 trillion yuan in sales and a focus on high-quality service consumption.
Progress
36% Bias Score
Trip.com Reports 119% Surge in Inbound China Tourism
Trip.com Group's Global Partner Summit in Abu Dhabi revealed a 119 percent year-on-year increase in inbound China tourist bookings for the first 11 months of 2023, driven by positive foreign perceptions of safety, cleanliness, history, hospitality, and food, and fueled by strategic partnerships such...
Trip.com Reports 119% Surge in Inbound China Tourism
Trip.com Group's Global Partner Summit in Abu Dhabi revealed a 119 percent year-on-year increase in inbound China tourist bookings for the first 11 months of 2023, driven by positive foreign perceptions of safety, cleanliness, history, hospitality, and food, and fueled by strategic partnerships such...
Progress
48% Bias Score
UK Debt Falls to Three-Year Low in November
In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.
UK Debt Falls to Three-Year Low in November
In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.
Progress
48% Bias Score
Bank of Canada Cuts Interest Rate to 3.25% Amidst Economic Uncertainty
On December 11th, the Bank of Canada lowered its policy interest rate by 0.5 percentage points to 3.25 percent, its fifth consecutive cut since June, driven by weaker-than-expected economic growth in Q3 and inflation meeting the 2 percent target, despite mixed economic signals and internal debate on...
Bank of Canada Cuts Interest Rate to 3.25% Amidst Economic Uncertainty
On December 11th, the Bank of Canada lowered its policy interest rate by 0.5 percentage points to 3.25 percent, its fifth consecutive cut since June, driven by weaker-than-expected economic growth in Q3 and inflation meeting the 2 percent target, despite mixed economic signals and internal debate on...
Progress
32% Bias Score
US Oil Production Hits Record High in 2024
The U.S. set a second consecutive record for oil production in 2024, averaging 13.249 million barrels per day through December 13th, driven by technological advancements, high global demand, and robust infrastructure; however, balancing economic growth with environmental sustainability remains a key...
US Oil Production Hits Record High in 2024
The U.S. set a second consecutive record for oil production in 2024, averaging 13.249 million barrels per day through December 13th, driven by technological advancements, high global demand, and robust infrastructure; however, balancing economic growth with environmental sustainability remains a key...
Progress
56% Bias Score
Deregulation and Fee-Based Banking: Lessons from 2008 and Current Trends in Greece
The repeal of the Glass-Steagall Act in 1999 facilitated the spread of the 2008 financial crisis, while Greek banks' current focus on high-fee services (50% of their 2023 profits) raises concerns about their role in supporting the real economy.
Deregulation and Fee-Based Banking: Lessons from 2008 and Current Trends in Greece
The repeal of the Glass-Steagall Act in 1999 facilitated the spread of the 2008 financial crisis, while Greek banks' current focus on high-fee services (50% of their 2023 profits) raises concerns about their role in supporting the real economy.
Progress
48% Bias Score
China's Economic Growth Signals New Opportunities for China-EU Cooperation
Despite global headwinds, China's economy grew 4.8% year-on-year in Q3 2023, driven by policy initiatives and strong fundamentals; this signals new opportunities for China-EU cooperation and global growth.
China's Economic Growth Signals New Opportunities for China-EU Cooperation
Despite global headwinds, China's economy grew 4.8% year-on-year in Q3 2023, driven by policy initiatives and strong fundamentals; this signals new opportunities for China-EU cooperation and global growth.
Progress
52% Bias Score
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
Progress
36% Bias Score
KOSPI Falls 1.3 Percent Amid U.S. Monetary Policy Concerns
Seoul shares plunged 1.3 percent on December 20th, closing at 2,404.15 on the KOSPI, due to concerns over the U.S. slowing monetary easing and the aftermath of a short-lived martial law declaration in South Korea; the Korean won hit a 15-year low against the U.S. dollar.
KOSPI Falls 1.3 Percent Amid U.S. Monetary Policy Concerns
Seoul shares plunged 1.3 percent on December 20th, closing at 2,404.15 on the KOSPI, due to concerns over the U.S. slowing monetary easing and the aftermath of a short-lived martial law declaration in South Korea; the Korean won hit a 15-year low against the U.S. dollar.
Progress
40% Bias Score