Tag #Economy

china.org.cn
🌐 75% Global Worthiness
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Xinjiang Tunnel Construction Progressing Despite Challenges

The 15.7-kilometer West Tianshan Super-Long Tunnel in Xinjiang, China, connecting Yili and Aksu prefectures, faces challenges like flooding and extreme temperatures but is progressing as planned for completion by late October 2027, significantly reducing travel time and boosting regional development...

Progress

52% Bias Score

Industry, Innovation, and Infrastructure
repubblica.it
🌐 75% Global Worthiness
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Conto Termico 2.0: €10 Million for Immediate Heating System Rebates

The Italian government's Conto Termico 2.0 program provides a 65% immediate reimbursement for replacing gas heating systems with heat pumps, hybrid boilers, or biomass systems, using approximately €10 million in remaining funds, offering a faster and more advantageous alternative to the reduced Ecob...

Progress

52% Bias Score

Affordable and Clean Energy
cbsnews.com
🌐 75% Global Worthiness
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Trump Issues Executive Order to Combat Inflation

On January 20, President Trump signed an executive order aiming to lower the cost of living by directing federal agencies to reduce prices on housing, healthcare, and fuel, despite economists' doubts and low public confidence.

Progress

48% Bias Score

No Poverty
elmundo.es
🌐 75% Global Worthiness
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Power Struggle Erupts in Spain's Business Leadership

Antonio Garamendi, CEOE president, wants Gerardo Cuerva out as Cepyme president, offering him a less prominent position within CEOE; Cuerva will run for reelection, creating a conflict that will reshape power dynamics in Spain's business sector.

Progress

40% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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Frankfurt's Property Tax Reform: Winners and Losers

Frankfurt's new property tax system, based on a state-mandated calculation, increases taxes for 78,000 residents (46%) and lowers them for 91,000, maintaining the city's overall annual revenue of roughly €220 million; however, many residents are facing increased tax burdens due to the new area-facto...

Progress

36% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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German Court Upholds Tübingen's Single-Use Packaging Tax

The German Federal Constitutional Court upheld Tübingen's tax on single-use food packaging and cutlery, rejecting a McDonald's franchisee's challenge; the decision validates the city's efforts to reduce waste and may influence other German municipalities considering similar taxes.

Progress

48% Bias Score

Responsible Consumption and Production
cbsnews.com
🌐 75% Global Worthiness
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Home Equity Loans in 2025: A Balanced Risk-Reward Assessment

In 2025's rising inflation environment, homeowners with an average $320,000 home equity consider home equity loans (8.40% interest) or HELOCs, but must weigh this against high personal loan (13%) and credit card (23%) rates, and carefully assess their repayment ability to avoid foreclosure.

Progress

40% Bias Score

Reduced Inequality
spanish.china.org.cn
🌐 75% Global Worthiness
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Li Qiang Seeks Diverse Input on China's Government Work Report

Chinese Premier Li Qiang held a symposium on January 21st in Beijing to gather feedback on the government's work report draft from non-Communist parties, the All-China Federation of Industry and Commerce, and independent individuals, focusing on strengthening macroeconomic regulation, innovation, an...

Progress

56% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Netflix Raises Prices After Record Subscriber Growth

Netflix raised prices in several countries after exceeding subscriber growth expectations by nearly 19 million in Q4 2024, reaching over 300 million subscribers, driven by content such as "Squid Game" season 2 and live sports; the company will now report paid memberships at key milestones.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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HMRC Cuts Off 43,690 Customers, Faces Criticism Over Poor Phone Service and Rising Uncollectable Debt

HMRC's phone system cut off 43,690 customers after 70-minute waits in 2023-24 due to high call volume, prompting criticism from MPs over poor service and a £5 billion increase in uncollectable debt; HMRC denies claims of deliberately poor service.

Progress

56% Bias Score

Reduced Inequality
usa.chinadaily.com.cn
🌐 75% Global Worthiness
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Xizang's Economy Booms in 2024, Driven by Trade and Infrastructure Growth

Xizang's 2024 GDP reached $37.96 billion, a 6.3 percent increase year-on-year, driven by a 15.4 percent surge in foreign trade to $1.7 billion and an 8.2 percent rise in per capita disposable income to $4,296, showcasing the region's growing economic importance in China's South Asia strategy.

Progress

44% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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£2.3 Billion Hit to Businesses After Pension Threshold Freeze

Labour's freeze on the auto-enrollment threshold for workplace pensions at £10,000 will cost businesses an additional £2.3 billion in 2025-26 due to rising wages bringing more low-earners into the system, increasing employer contributions to £51.9 billion, despite concerns over potential job losses.

Progress

56% Bias Score

Decent Work and Economic Growth