Tag #Economy

theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Tariff Delay Offers Temporary Relief to Canadian Energy Sector

President Trump's delayed tariff decision on Canadian energy imports provides temporary relief, but his focus on U.S. energy independence creates uncertainty for Canada, which supplied a record 60 percent of U.S. crude imports (4.3 million barrels daily) in 2023.

Progress

60% Bias Score

Responsible Consumption and Production
forbes.com
🌐 85% Global Worthiness
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Rinehart's Hancock Energy Drives Australian Gas Revival

Australian billionaire Gina Rinehart is rapidly expanding her Hancock Energy company through a series of acquisitions in Australia's Perth Basin, potentially partnering with Mitsui & Co., and exploring U.S. investment opportunities under the Trump administration, leveraging modern technology to revi...

Progress

60% Bias Score

Affordable and Clean Energy
us.cnn.com
🌐 85% Global Worthiness
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Trump Announces 25% Tariffs on Mexico and Canada

President Trump announced 25% tariffs on Mexican and Canadian imports, starting February 1st, impacting $893 billion in bilateral trade and potentially raising prices for American consumers.

Progress

44% Bias Score

Reduced Inequality
repubblica.it
🌐 85% Global Worthiness
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EU to Review 2035 Zero-Emission Vehicle Mandate Amidst Industry Concerns

Italy is pushing for a 2025 review of the EU's plan to mandate zero-emission vehicles by 2035, amid slow market growth (1% in 2024 compared to an 18% decline from 2019) and concerns about the transition's impact on the European automotive industry.

Progress

52% Bias Score

Climate Action
lefigaro.fr
🌐 85% Global Worthiness
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France Considers Taxing Wealthy Retirees to Fund Social Security

France's Minister of Labor proposed taxing retirees with pensions exceeding €2000-2500 per month to fund social security, potentially affecting 40% of retirees and generating €500-800 million annually, complementing a potential increase in weekly work hours to address a €2.5 billion funding gap.

Progress

48% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Global Billionaire Wealth Soars to \$15 Trillion Amidst Rising Food Insecurity

Oxfam's report reveals a 204-billionaire increase in 2024, totaling 2,769 billionaires with a combined wealth of \$15 trillion, while 733 million people face food insecurity, highlighting extreme wealth inequality fueled by unfair tax policies.

Progress

48% Bias Score

Reduced Inequality
zeit.de
🌐 85% Global Worthiness
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Global Internet Traffic Surges 15 Percent in 2024, Driven by Online Gaming

DE-CIX reported a 15 percent increase in global internet traffic in 2024, reaching 68 exabytes, primarily driven by online gaming, unlike previous years dominated by sports streaming. This record traffic, exceeding double the 2020 levels, highlights the growing demand for digital content and the nee...

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 85% Global Worthiness
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Trump Signs Orders to Curb Inflation, Energy Costs; Details Scarce

President Trump signed a memorandum targeting inflation and multiple executive orders to lower energy prices, though advisors offered few specifics, leaving the impact on consumers uncertain despite a stated "whole-of-government" approach; public confidence in his ability to lower prices is low at 3...

Progress

40% Bias Score

Affordable and Clean Energy
elpais.com
🌐 85% Global Worthiness
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Trump Threatens 25% Tariff on Mexico and Canada

US President Trump announced a potential 25% tariff on Mexican and Canadian imports, starting February 1st, to combat immigration and fentanyl trafficking; this caused the Mexican peso to fall to 20.75 per dollar.

Progress

48% Bias Score

Decent Work and Economic Growth
es.euronews.com
🌐 85% Global Worthiness
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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
lemonde.fr
🌐 85% Global Worthiness
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Record Gas Consumption in 2024: Fragile Market Amidst Geopolitical Tensions

Global natural gas consumption hit a record high in 2024, up 115 billion cubic meters from 2023, driven by strong Asian demand; however, the market remains fragile due to limited supply and geopolitical tensions, particularly concerning the halt of Russian gas transit through Ukraine.

Progress

32% Bias Score

Climate Action
edition.cnn.com
🌐 85% Global Worthiness
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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