Tag #Economy

europe.chinadaily.com.cn
🌐 90% Global Worthiness
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Extreme Wealth Inequality: Richest 1 Percent Own 45 Percent of Global Wealth

Oxfam reports that the world's richest 1 percent own 45 percent of global wealth, while 44 percent live on under $6.85 a day, a disparity worsened by the pandemic and the Ukraine conflict, leading to calls for increased taxation on the super-rich.

Progress

68% Bias Score

Reduced Inequality
smh.com.au
🌐 90% Global Worthiness
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Trump Delays, Then Announces Tariffs, Causing Currency Fluctuations

President Trump initially delayed implementing new tariffs, delegating investigations to federal agencies; however, he later announced 25% tariffs on goods from Mexico and Canada by February 1, causing shifts in currency values. This reflects internal policy debates and contradicts traditional econo...

Progress

52% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 90% Global Worthiness
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Trump Launches Cryptocurrency Amid Conflict-of-Interest Accusations

Days after his inauguration, President Trump launched a multibillion-dollar cryptocurrency, $TRUMP, alongside his wife's $MELANIA coin, prompting accusations of a "shameful" conflict of interest from former ethics officials due to his planned deregulation of the digital currency market.

Progress

60% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Argentina Records Record US$18.899 Billion Trade Surplus in 2024

Argentina registered a record US$18.899 billion trade surplus in 2024, exceeding the previous record of US$16.885,8 billion in 2009; this was driven by a 19.4% increase in exports, mainly agricultural products, and a 17.5% decrease in imports due to the economic recession.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Mone PPE Scandal: Criminal Investigation Launched

Baroness Michelle Mone and her husband face a criminal investigation over a £200 million PPE deal awarded during the COVID-19 pandemic, with allegations of using political connections and misleading the public to secure contracts for PPE MedPro, a company linked to her husband who stood to gain £60 ...

Progress

60% Bias Score

Reduced Inequality
lefigaro.fr
🌐 85% Global Worthiness
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US Economic Dominance: Robust Growth Amidst Rising Debt and Trade Deficit

In 2024, the US economy, representing 26% of global GDP, showed 3.1% growth, exceeding the Eurozone's 0.8% and marked by low unemployment (4.1%) but high trade deficit ($84.4 billion in September) and rising national debt, prompting concerns in Europe about US economic dominance and potential trade ...

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 90% Global Worthiness
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Goldman Sachs Deploys Generative AI Assistant to 10,000 Employees

Goldman Sachs rolled out its generative AI assistant, GS AI, to approximately 10,000 employees, aiming for company-wide access this year; the program uses models from OpenAI, Google, and Meta, initially assisting with tasks like email summarization and code translation, with future plans for more au...

Progress

44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 90% Global Worthiness
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Trump Threatens Widespread Tariffs, Sparking Global Trade Tensions

President Trump, seeking to boost domestic production and reduce the US trade deficit, plans to impose 10-20% tariffs on all imported goods, a move criticized for potentially harming American consumers and businesses while benefiting other low-cost producers; he also threatens tariffs on China, the ...

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 90% Global Worthiness
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Trump's Tariff Threat Looms Over Canadian Economy

President Trump announced potential 25% tariffs on Canadian and Mexican goods starting February 1st, reversing an earlier decision not to impose tariffs, creating economic uncertainty for Canada and highlighting the risks of protectionist trade policies under his administration.

Progress

52% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Trump's Inaugural Address: National Emergency, Tariffs, and Policy Reversals

In his inaugural address, President Donald Trump announced a "national energy emergency," the revocation of electric vehicle mandates, the imposition of tariffs on foreign countries, and a return to a two-gender policy, all while criticizing the Biden administration's handling of domestic and foreig...

Progress

76% Bias Score

No Poverty
es.euronews.com
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Bitcoin Hits Record High Amidst Trump's Crypto-Friendly Policies

Bitcoin hit a record high of over $109,900 on Monday as President-elect Trump's meme coin, $Trump, generated over $10 billion in two days, reflecting market optimism towards his pro-cryptocurrency policies.

Progress

68% Bias Score

Reduced Inequality
edition.cnn.com
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Trump's Policies Create Uncertainty for the Federal Reserve

President-elect Trump's potential policies, including mass deportations and tariffs, pose a significant challenge to the Federal Reserve's ability to accurately forecast economic indicators and set appropriate monetary policy due to heightened uncertainty, forcing the Fed to choose between immediate...

Progress

48% Bias Score

Decent Work and Economic Growth