Tag #Economy

welt.de
🌐 75% Global Worthiness
News related image

German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis

Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.

Progress

36% Bias Score

pda.irk.kp.ru
🌐 75% Global Worthiness
News related image

Irkutsk Oblast Secures Energy Tariff Relief for Households

Irkutsk Oblast Governor Igor Kobzev secured adjustments to federal energy consumption limits, reducing the number of households projected to exceed subsidies from 110,000 to a significantly lower figure; further efforts are underway to refine data and advocate for fairer tariffs.

Progress

36% Bias Score

kathimerini.gr
🌐 75% Global Worthiness
News related image

Greece Announces €100 Million Plan to Subsidize Electricity Costs

Greece will spend €100 million to subsidize households and small businesses against high electricity prices, capping costs at €0.15/kWh, and imposing a windfall tax on energy producers; larger businesses will receive indirect support through tax breaks.

Progress

40% Bias Score

Affordable and Clean Energy
allafrica.com
🌐 75% Global Worthiness
News related image

Tinubu Seeks French Investment in Nigeria Amidst Economic Challenges

Nigerian President Bola Tinubu's two-day state visit to France, starting Thursday, aims to attract French investment to tackle poverty affecting 129 million Nigerians, strengthen economic ties, and diversify France's African partnerships amidst recent instability in other nations.

Progress

36% Bias Score

allafrica.com
🌐 75% Global Worthiness
News related image

Nigeria Targets Net Export Status to China in Five Years

Nigeria plans to reverse its $20 billion trade deficit with China in five years by leveraging Chinese agricultural technology and boosting exports, aiming for net export status, following an upgraded Comprehensive Strategic Partnership.

Progress

44% Bias Score

lemonde.fr
🌐 75% Global Worthiness
News related image

FWU Life Insurance Freezes Assets: Impact on French Savers and Luxembourg's Insurance Market

Due to a two-year financial struggle, Luxembourg-based FWU Life Insurance froze assets of over 34,000 French savers, raising concerns about the security of Luxembourgish life insurance; however, the Luxembourgish regulatory system aims to protect client assets.

Progress

36% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
News related image

Generative AI Impact on Spanish Jobs: Regional Disparities and Automation Risk

An OECD report reveals that 27.4% of Spanish jobs are exposed to generative AI, with regional variations ranging from 19.6% in Castilla-La Mancha to 36.6% in Madrid; however, the risk of automation is lower than the OECD average at 5.9%.

Progress

36% Bias Score

smh.com.au
🌐 75% Global Worthiness
News related image

Australian Inheritance Tax and Share Transfers

In Australia, inheriting shares usually avoids capital gains tax for the recipient, but the deceased estate might still face tax on asset sales to cover debts; this exemption impacts wealth distribution and estate planning.

Progress

48% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
News related image

Auric Mining Begins Final Jeffreys Find Gold Milling Campaign

Auric Mining and BML Ventures commenced the final milling campaign of 142,000 tonnes of ore from the Jeffreys Find gold project on October 23, 2024, near Norseman, WA, expecting completion by January 2025 and significant profits from high-grade ore sales.

Progress

48% Bias Score

allafrica.com
🌐 75% Global Worthiness
News related image

Port Harcourt-Aba Railway Section Operational Handover to NRC

The Federal Ministry of Transportation completed the 62-kilometer Port Harcourt-Aba section of the Eastern Narrow Gauge Railway, handing operational control to the Nigerian Railway Corporation; the project included track and bridge rehabilitation, and commercial operations have already begun, easing...

Progress

52% Bias Score

lemonde.fr
🌐 75% Global Worthiness
News related image

L'AFPA améliore l'insertion professionnelle des chômeurs et dépasse la moyenne nationale.

Une étude de l'AFPA, portant sur 73 496 chômeurs suivis sur 24 mois (2020-2021), révèle que 71% de ceux formés par l'AFPA ont retrouvé un emploi, contre 58% des non-formés, surpassant la moyenne nationale de 67%.

Progress

44% Bias Score

elpais.com
🌐 75% Global Worthiness
News related image

Barcelona Metropolitan Area Needs 475,000 New Homes to Accommodate Population Growth

A new digital twin tool reveals that Barcelona's metropolitan area needs 475,000 new homes to accommodate 700,000 more people, impacting urban planning and economic development; the tool will be available to Catalan administrations for improved urban planning.

Progress

32% Bias Score