Tag #Economy

cbsnews.com
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Federal Reserve Rate Cuts Dip CD Interest Rates

The Federal Reserve's three 2024 rate cuts lowered CD interest rates from approximately 5% to the 4-4.5% range, impacting short-term CDs most significantly, as banks adjusted deposit account rates and savers shifted to long-term options or high-yield accounts.

Progress

36% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
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Record Grocery Spending in Spain Reaches "122 Billion Euros" in 2024

Spanish consumers spent a record "122 billion euros" on groceries in 2024, a 4.6% increase driven by higher input prices (up 2.5%), increased demand (up 2%), and a booming online grocery sector (up 18%).

Progress

36% Bias Score

Zero Hunger
cbsnews.com
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Home Equity Loans in 2025: A Balanced Risk-Reward Assessment

In 2025's rising inflation environment, homeowners with an average $320,000 home equity consider home equity loans (8.40% interest) or HELOCs, but must weigh this against high personal loan (13%) and credit card (23%) rates, and carefully assess their repayment ability to avoid foreclosure.

Progress

40% Bias Score

Reduced Inequality
taz.de
🌐 75% Global Worthiness
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Understaffing Hampers Enforcement of Germany's Supply Chain Due Diligence Act

Germany's Federal Office of Economics and Export Control (Bafa), responsible for enforcing the Supply Chain Due Diligence Act, temporarily reassigned 24 of its 100 inspectors in 2024 due to understaffing, hindering the act's implementation and raising concerns about corporate compliance.

Progress

52% Bias Score

Peace, Justice, and Strong Institutions
dailymail.co.uk
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Qantas Raises Long-Haul Flight Fares by Two Percent

Qantas announced a two percent fare increase on Economy and Premium Economy long-haul flights from Australia and New Zealand to the UK, Europe, the Middle East, and North Africa, effective March 21, 2024, following a 28 percent drop in its 2024 post-tax profit.

Progress

48% Bias Score

Reduced Inequality
china.org.cn
🌐 75% Global Worthiness
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Xinjiang Tunnel Construction Progressing Despite Challenges

The 15.7-kilometer West Tianshan Super-Long Tunnel in Xinjiang, China, connecting Yili and Aksu prefectures, faces challenges like flooding and extreme temperatures but is progressing as planned for completion by late October 2027, significantly reducing travel time and boosting regional development...

Progress

52% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 75% Global Worthiness
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LNP Proposes $20,000 Tax Deduction for Business Food and Entertainment

Peter Dutton's LNP announced a $20,000 annual tax deduction for small businesses to spend on food and entertainment at clubs, pubs, and restaurants, a proposal that has been widely criticized by economists and commentators as wasteful and potentially costing billions of dollars.

Progress

56% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Netflix Raises Prices After Record Subscriber Growth

Netflix raised prices in several countries after exceeding subscriber growth expectations by nearly 19 million in Q4 2024, reaching over 300 million subscribers, driven by content such as "Squid Game" season 2 and live sports; the company will now report paid memberships at key milestones.

Progress

44% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Sareb's Affordable Housing Project Receives No Bids

Sareb's Project Vienna, aiming to construct 3,770 affordable rental homes in Spain through a public-private partnership, received zero bids for its first phase, prompting an analysis to understand the lack of investor interest and potential project adjustments.

Progress

40% Bias Score

Sustainable Cities and Communities
lefigaro.fr
🌐 75% Global Worthiness
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A concise, factual title that captures the core news value, highlighting the most significant aspect with specificity. Avoid sensationalism and maintain neutrality.

A one-sentence summary answering the key journalistic questions (Who, What, When, Where, Why) with specific details. Ensure it provides unique information not repeated verbatim in other sections.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Home Equity Loans: A Strategic Move to Tackle High-Interest Credit Card Debt in 2025

In 2025, using home equity loans or HELOCs to pay off high-interest credit card debt offers significant financial advantages due to lower (around 8% versus 23%) and fixed interest rates, but carries the risk of home loss if payments are missed.

Progress

52% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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E-commerce Sales Surge in Spain: 18% Growth in 2024

In 2024, Spanish e-commerce sales surged by 18%, outpacing offline growth at 4.5%, reaching a 6.8% market share in consumer goods. This growth is fueled by increased purchasing frequency, larger basket sizes, and higher spending, with senior citizens increasingly adopting online shopping.

Progress

44% Bias Score

Responsible Consumption and Production