Tag #Economy

bbc.com
🌐 85% Global Worthiness
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China's 2024 GDP Figures Released Amidst Economic Headwinds

China is set to release its 2024 GDP figures amidst a struggling economy grappling with a real estate crisis, high local government debt, youth unemployment, and the threat of US tariffs on Chinese goods, impacting consumer spending and foreign investment.

Progress

44% Bias Score

Decent Work and Economic Growth
china.org.cn
🌐 85% Global Worthiness
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China Discovers Major Rare Earth Deposit in Yunnan

China announced the discovery of a major rare earth deposit in Yunnan province, containing 1.15 million metric tons of potential resources, including over 470,000 tons of critical rare earths vital for electric vehicles and renewable energy, further strengthening its global dominance in this sector.

Progress

32% Bias Score

Industry, Innovation, and Infrastructure
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
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
china.org.cn
🌐 85% Global Worthiness
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Extended Spring Festival Fuels Tourism Boom in China

The 2025 Spring Festival, extended to eight days and newly inscribed on UNESCO's intangible cultural heritage list, is driving a significant surge in both domestic and international tourism in China, with longer trips and a focus on cultural experiences.

Progress

16% Bias Score

Sustainable Cities and Communities
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
us.cnn.com
🌐 85% Global Worthiness
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Five Trillionaires Predicted by 2034 Amidst Widening Wealth Gap

Oxfam's new report predicts five individuals will become trillionaires within the next decade due to a soaring stock market, while the number of people living in poverty remains stagnant since 1990; over one-third of billionaires' wealth comes from inheritance.

Progress

64% 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