Tag #Economy

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
dw.com
🌐 85% Global Worthiness
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Billionaire Wealth Soars by $2 Trillion in 2024 Amidst Rising Global Inequality

Oxfam's "Takers Not Makers" report, released before the Davos WEF summit, reveals that billionaire wealth soared by $2 trillion in 2024, while 44% of humanity lives on less than $6.85 daily, highlighting a massive wealth gap and criticizing policies that may worsen inequality.

Progress

64% 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
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
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
china.org.cn
🌐 85% Global Worthiness
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China's Photovoltaic Capacity Set for 10% Growth in 2025 Amidst Industry Restructuring

UBS forecasts a 10 percent increase in China's photovoltaic installed capacity in 2025, reaching 260-280 gigawatts, driven by State-owned enterprises nearing their 2025 targets, despite industry-wide price drops and oversupply issues addressed by government policies and self-regulated production cut...

Progress

44% Bias Score

Affordable and Clean Energy
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's SOE Reforms: A Multifaceted Approach to Modernization

China's State-Owned Enterprises (SOEs) are undergoing significant reforms to boost their role in national modernization, focusing on technological innovation, industrial system development, national security, regional collaboration, global engagement, and green transformation.

Progress

52% Bias Score

Decent Work and Economic Growth
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
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Solar Power Capacity Set for 10% Growth Amidst Government Intervention

UBS forecasts a 10 percent increase in China's photovoltaic installed capacity this year, reaching 260-280 gigawatts, driven by State-owned enterprises' efforts to meet 2025 targets and government policies aimed at resolving supply-demand imbalances and promoting sustainable industry growth.

Progress

32% Bias Score

Affordable and Clean Energy
elpais.com
🌐 85% Global Worthiness
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Ultra-Processed Food Regulation Fails: Systemic Change Needed

A study of 417 measures from 105 countries reveals that current regulations, focusing primarily on consumer behavior, have failed to curb the rise of ultra-processed foods, which comprise 70% of the average American diet and are linked to serious health problems; the authors call for systemic change...

Progress

44% Bias Score

Zero Hunger
elmundo.es
🌐 85% Global Worthiness
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Spanish Government Orchestrates Telefónica CEO Resignation Amidst Concerns of Political Interference

The Spanish government orchestrated the resignation of Telefónica CEO José María Álvarez-Pallete, citing concerns over a Saudi Arabian telecom company's potential takeover, but the move appears politically motivated, pressuring La Caixa and potentially setting a concerning precedent for government i...

Progress

60% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Marmota's Aurora Tank Gold Project: 73% Increase in Gold Grades

High-precision testing at Marmota Ltd.'s Aurora Tank gold project in South Australia's Gawler Craton increased gold grades by 73%, from 50 g/t to 87 g/t, confirming high-grade potential and boosting confidence for resource estimation and future production. This follows a previous November 2024 annou...

Progress

52% Bias Score

Decent Work and Economic Growth