Tag #Economy

dw.com
🌐 85% Global Worthiness
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Seized Funds from Corruption Case to Electrify Rural Nigeria

The United States is returning almost $53 million seized from Diezani Alison-Madueke, a former Nigerian oil minister accused of corruption, to Nigeria; the funds will be used to electrify rural areas, where only 26% of the population has access to power.

Progress

48% Bias Score

Reduced Inequality
china.org.cn
🌐 85% Global Worthiness
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Extended Spring Festival Fuels Tourism Boom in China

The 2025 Chinese Spring Festival, extended to eight days and newly recognized by UNESCO, is driving a surge in domestic and international tourism, with bookings significantly exceeding pre-pandemic levels and a strong focus on cultural experiences.

Progress

32% Bias Score

Sustainable Cities and Communities
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Gold Reserves Surge, Boosting Resource Security

China's Geological Survey announced the discovery of 168 metric tons of new gold reserves and significantly increased reserves of 12 co-mineral resources over the past five years, driven by government-funded exploration using advanced technologies, bolstering the nation's resource security and poten...

Progress

36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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High Street Shops Used as Fronts for Money Laundering and Modern Slavery

Organized crime is using High Street shops as fronts for money laundering and modern slavery, exploiting a rise in cash-only businesses and a lack of public awareness; police busted a Cardiff gang laundering over £1.5 million, while a Camden raid uncovered £5 million in counterfeit goods linked to m...

Progress

40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Australian Billionaires' Wealth Soars, Sparking Calls for Wealth Tax

Oxfam Australia reveals that Australia's 47 billionaires, whose wealth increased by A$28 billion in 2024, enjoy an average hourly income exceeding 1,300 times the national average, prompting calls for a wealth tax to address inequality.

Progress

52% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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CNMC: Iberdrola Exceeded Madrid Grid Capacity for Data Centers

Iberdrola's i-DE granted five Madrid data center access permits exceeding grid capacity based on a non-existent transformer, a "very serious infraction" per the CNMC, resulting in 101.76% capacity commitment and highlighting the need for improved grid planning.

Progress

40% Bias Score

Affordable and Clean Energy
forbes.com
🌐 85% Global Worthiness
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Boeing Faces Pressure from Activist Investors and Potential Buffett Investment

Activist investors and potentially Warren Buffett are circling Boeing, creating pressure on the aerospace giant to address financial issues, manufacturing delays, and reputational damage caused by the 737 MAX grounding and the COVID-19 pandemic.

Progress

44% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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Five Trillionaires Predicted by 2034: Oxfam Highlights Extreme Wealth Inequality

Oxfam's new report reveals that five individuals are projected to become trillionaires in the next decade, highlighting extreme wealth concentration amid persistent global poverty, exacerbated by inheritance and political influence.

Progress

64% Bias Score

Reduced Inequality
zeit.de
🌐 85% Global Worthiness
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Global Billionaire Wealth Soars as Poverty Stagnates

Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.

Progress

60% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Billionaire Wealth Surges by $2 Trillion in 2024 Amidst Persistent Global Poverty

The world's billionaires' wealth surged by $2 trillion in 2024, three times faster than in 2023, reaching $5.7 billion daily, while 3.6 billion people remain below the World Bank poverty line, highlighting extreme global inequality and prompting Oxfam to call for bolder policies.

Progress

68% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Trump's Election: Market Optimism vs. Economic Forecasts

The election of Donald Trump as US President has fueled optimism on Wall Street, despite economic models predicting a 9.7% GDP drop and 9.3% inflation due to his proposed deregulation, tariffs, and immigration policies; the strong dollar also creates challenges.

Progress

56% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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EU Automakers Seek Carbon Credits Amid Emission Reduction Challenges

Facing EU CO2 emission reduction mandates (93.6 g/km by 2025), automakers like Stellantis are exploring carbon credit trading with Tesla to avoid €15 billion in potential fines, highlighting the industry's struggle to transition to electric vehicles amid economic and geopolitical pressures.

Progress

56% Bias Score

Climate Action