Tag #Economy

theguardian.com
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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
🌐 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
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
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
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
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
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
cnbc.com
🌐 90% Global Worthiness
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Trump Issues Sweeping Executive Orders on First Day

President Trump's first day in office saw a flurry of executive orders, including pardons for those involved in the January 6th Capitol attack, a temporary halt to a TikTok ban, and the creation of a new government efficiency department; he declared a national energy emergency and withdrew from the ...

Progress

44% Bias Score

Climate Action
bbc.com
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Trump's Inaugural Address: Promises of a "Golden Age" and National Emergencies

In his inaugural address, Donald Trump promised a new "golden age" for America, focusing on immigration and the economy, while declaring a "crisis of trust" in the government and promising numerous executive actions, including declaring national emergencies on immigration and energy.

Progress

64% 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
es.euronews.com
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Billionaire Wealth Surges to $15 Trillion, Exceeding Eurozone GDP

In 2024, the wealth of billionaires globally reached $15 trillion, equivalent to the eurozone's GDP, increasing by $2 trillion—three times faster than the previous year—while global poverty remained largely unchanged since 1990, prompting Oxfam to call for wealth taxes and regulatory changes.

Progress

56% 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