Tag #Economy

us.cnn.com
🌐 85% Global Worthiness
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Trump Threatens 10% Tariff on All Chinese Goods

President Donald Trump threatened a 10% tariff on all Chinese goods starting February 1st, citing fentanyl trafficking through Mexico and Canada, despite market concerns about inflation; he also threatened tariffs on Mexico and Canada on Monday.

Progress

40% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Unpassed Tax Changes Create Uncertainty for Canadian Asset Managers

Canadian asset managers face uncertainty in filing 2024 tax returns for investment funds due to unpassed federal capital gains tax changes proposed in the 2024 budget, potentially requiring re-filing and amended tax slips if the changes don't pass.

Progress

52% Bias Score

Reduced Inequality
faz.net
🌐 85% Global Worthiness
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Trump's $500 Billion AI Investment Spurs Global Market Surge

US President Trump announced a $500 billion investment in AI infrastructure, led by tech companies including OpenAI and Oracle, creating a joint venture called Stargate; this announcement caused significant stock market gains in Asia and the US.

Progress

36% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Davos Protest: Young Activists Demand Higher Taxes, Greater Influence

Hundreds of young people protested at the snowy Davos World Economic Forum, demanding higher taxes on the wealthy and criticizing the forum's influence, briefly blocking a main road; some young activists, invited as Global Shapers, aimed to build bridges while advocating for change.

Progress

36% Bias Score

Reduced Inequality
french.china.org.cn
🌐 85% Global Worthiness
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US Tariffs on China: Inflationary Risks and China's Response

Economists predict that the US's planned massive tariffs on Chinese goods will increase inflation and slow US economic growth, while China plans measured policy responses to boost domestic demand and maintain its 5% GDP growth target in 2025.

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Canada's Broadcasting Rules Spark U.S. Trade Retaliation Fears

U.S. business groups warn Canada's updated broadcasting rules under the Online Streaming Act could trigger U.S. trade retaliation, potentially harming Canadian creative industries and violating the CUSMA trade deal. The CRTC is considering changes to Canadian content definitions, while facing opposi...

Progress

48% Bias Score

Decent Work and Economic Growth
nbcnews.com
🌐 85% Global Worthiness
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Netflix Q4 Earnings Surpass Expectations, Stock Soars 13%

Netflix exceeded Q4 2024 earnings expectations, reporting $10.25 billion in revenue and $4.27 EPS, exceeding forecasts; this success was driven by record subscriber growth (19 million net additions) and a diverse content slate, including "Squid Game" season 2 and live sports; the company's stock soa...

Progress

40% Bias Score

Reduced Inequality
spanish.china.org.cn
🌐 85% Global Worthiness
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China's Booming Imported Fruit Market: A 40% Kiwi Surge and $2.8B Cherry Boom

Driven by rising demand for premium fruits, China's imported fruit market saw a 15% CAGR (2014-2023), with New Zealand kiwifruit sales surging 40% in 2024 and Chilean cherry imports exceeding $2.8 billion (Jan-Nov 2024).

Progress

48% Bias Score

Reduced Inequality
it.euronews.com
🌐 85% Global Worthiness
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European Auto Industry Faces 2024 Challenges Amidst EV Transition

The European automotive industry anticipates a difficult 2024 despite rising EV sales, facing challenges from reduced government subsidies, stringent CO2 emission targets, and increased tariffs on Chinese EV imports, impacting profitability and R&D investment.

Progress

40% Bias Score

Climate Action
spanish.china.org.cn
🌐 85% Global Worthiness
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US Tariffs on China Risk Inflation, Prompting Measured Chinese Response

Economists warn that potential US tariffs on Chinese goods risk increasing inflation and slowing US growth; China plans measured internal market stimulation to counter this, aiming for around 5% GDP growth in 2025.

Progress

40% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 75% Global Worthiness
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French Senate Votes to Eliminate Organic Farming Agency

The French Senate voted to dissolve the Agence Bio, a national agency promoting organic agriculture, saving €2.9 million and transferring its responsibilities to other organizations, despite concerns from industry stakeholders about potential negative impacts on the organic sector.

Progress

48% Bias Score

Responsible Consumption and Production
lemonde.fr
🌐 75% Global Worthiness
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France Lowers Proposed Air Travel Tax Amid Environmental Concerns

France's new government is considering a lower tax on air travel, reducing expected revenue from €850 million to €750 million, causing concern among environmental groups who fear reduced funding for emission reduction initiatives. This follows a previous government's failed attempt to implement a hi...

Progress

40% Bias Score

Climate Action