Tag #Economy

dw.com
🌐 85% Global Worthiness
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Rosatom Sells Kazakhstani Uranium Stakes to China Amidst Sanctions and War

Russia's Rosatom sold its stakes in three Kazakhstani uranium projects to China for an estimated $300-$500 million, driven by Western sanctions risk, depleted uranium deposits, and Russia's financial needs due to the Ukraine war.

Progress

36% Bias Score

Affordable and Clean Energy
nbcnews.com
🌐 85% Global Worthiness
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Wall Street Banks Smash Records Amidst Merger and Acquisition Boom

American investment banks like JPMorgan Chase and Goldman Sachs reported record profits in the fourth quarter of 2024, exceeding expectations due to increased trading activity, a rise in investment banking deals, and the anticipation of a surge in mergers and acquisitions fueled by a more favorable ...

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56% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Deep-Sea Metal Lumps Produce Oxygen, Raising Concerns About Mining and Extraterrestrial Life

Scientists discovered that metal lumps on the seabed produce oxygen via electrolysis, challenging established understanding and raising concerns about deep-sea mining in areas over 10km deep between Hawaii and Mexico; this finding could reshape our understanding of extraterrestrial life and necessit...

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40% Bias Score

Life Below Water
china.org.cn
🌐 85% Global Worthiness
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Chinese Firm Invests in Spanish Lithium-ion Battery Plant

Shenzhen Dynanonic and ICL will invest 285 million euros in a new lithium-ion battery plant in Sallent, Spain, producing lithium iron phosphate for electric vehicle batteries, capitalizing on Spain's strategic location and growing EV market.

Progress

40% Bias Score

Affordable and Clean Energy
apnews.com
🌐 85% Global Worthiness
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Mexico, EU Announce Revamped Trade Deal Amidst U.S. Tariff Threats

Mexico and the European Union announced a revamped trade agreement on Friday, aiming to increase trade and investment, and potentially mitigate the impact of threatened U.S. tariffs; the agreement reduces Mexican tariffs on European agri-food imports, removes investment barriers for European compani...

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36% Bias Score

Decent Work and Economic Growth
china.org.cn
🌐 85% Global Worthiness
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IMF Upgrades 2025 Global Growth Forecast Amid Widening Economic Divergences

The IMF slightly upgraded its 2025 global growth forecast to 3.3 percent, citing recent market developments and temporary trade policy uncertainty; however, growth divergences are widening, with the U.S. forecast at 2.7 percent, the Eurozone at 1 percent, China at 4.6 percent, and emerging markets a...

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16% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
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China Launches 11 Billion Euro Stimulus Plan Amid Economic Slowdown

In response to sluggish consumer spending, the Chinese government launched an 81 billion yuan (almost 11 billion euro) plan to exchange old for new appliances at discounted prices, alongside significant discounts on electric vehicles and other consumer goods, amid concerns about economic growth, hig...

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40% Bias Score

Decent Work and Economic Growth
nbcnews.com
🌐 85% Global Worthiness
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Zoox Aims for 2025 RoboTaxi Launch in Las Vegas

Amazon's Zoox plans to launch commercial robotaxi services in Las Vegas this year, expanding to San Francisco and other cities later, using a purpose-built vehicle without manual controls, despite challenges and setbacks in the autonomous vehicle industry.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
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UK Seeks to Reset Strained Relations with China Amidst Security Concerns

UK Deputy Prime Minister Oliver Dowden recently labelled China Britain's greatest economic security threat, marking a significant shift from the 'golden era' declared in 2015, highlighting concerns over espionage and interference, prompting renewed efforts towards pragmatic economic engagement.

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44% Bias Score

Decent Work and Economic Growth
apnews.com
🌐 85% Global Worthiness
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Raimondo vs. Trump: Competing Visions for the American Economy

Commerce Secretary Gina Raimondo champions a pro-competition economic strategy contrasting with Donald Trump's protectionism, emphasizing government investments in AI and semiconductors as crucial for U.S. global competitiveness, while Trump and China criticize this approach.

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60% Bias Score

theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Tariff Threat to Upend US-Canada Oil Trade

President-elect Trump's threatened 25% tariff on Canadian oil imports jeopardizes the US refining industry, which relies heavily on Canadian heavy crude, especially in the Gulf Coast and Midwest, potentially causing significant economic consequences.

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44% Bias Score

Affordable and Clean Energy
dailymail.co.uk
🌐 85% Global Worthiness
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Mining Sector Poised for M&A Surge Amidst Slowing Chinese Demand

Slowing Chinese economic growth and the increasing demand for copper are driving predictions of a surge in mergers and acquisitions within the mining sector in 2025, following failed merger talks between Rio Tinto and Glencore and BHP's failed bid for Anglo American.

Progress

52% Bias Score

Responsible Consumption and Production