Tag #Economy

dailymail.co.uk
🌐 85% Global Worthiness
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British Council's Financial Crisis Threatens Sale of Iconic Art Collection

Facing a £197 million debt from a pandemic loan and high interest payments, the British Council, a UK cultural organization, may sell half its £200 million art collection, impacting its global outreach and the UK's soft power.

Progress

52% Bias Score

No Poverty
cnbc.com
🌐 85% Global Worthiness
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Billionaire Wealth Surges to $15 Trillion Amid Stagnant Global Poverty

Oxfam's 2025 report reveals a $2 trillion surge in billionaire wealth to $15 trillion in 2024, the second-largest annual increase on record, while global poverty remains unchanged since 1990, with 44% of the population living below $6.85 per day; Oxfam attributes 60% of billionaire wealth to inherit...

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Equal Pay Claims Threaten Dozens of UK Councils with Bankruptcy

The GMB union predicts that up to six more UK councils will face multimillion-pound equal pay settlements this year, following Birmingham City Council's bankruptcy declaration due to a £760 million equal pay claim, highlighting a systemic issue of sex discrimination in local authorities.

Progress

56% Bias Score

Gender Equality
elpais.com
🌐 85% Global Worthiness
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Escribano Brothers Take Helm of Indra, Shifting Focus to Defense

From a small repair shop founded in 1989, the Escribano brothers have risen to lead Indra, a major Spanish defense company, after acquiring a significant stake and implementing a strategic shift towards defense contracting, following a period of internal restructuring at Indra.

Progress

40% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 85% Global Worthiness
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Trump's Return: Expected Policy Shockwave

Upon his return to the White House, President Trump intends to sign numerous executive orders addressing the economy, illegal immigration, and international relations, potentially causing significant domestic and international upheaval.

Progress

56% Bias Score

Reduced Inequality
nrc.nl
🌐 85% Global Worthiness
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Northvolt's Collapse: A Setback for Europe's Green Tech Ambitions

The near-bankruptcy of Swedish battery maker Northvolt, despite substantial funding and government support, reveals the challenges Europe faces in competing with China's established dominance in battery technology, particularly given its rapid growth strategy and quality control issues resulting in ...

Progress

56% Bias Score

Industry, Innovation, and Infrastructure
dailymail.co.uk
🌐 85% Global Worthiness
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Bitcoin Hits Record High Above $108,000 Amid Trump's Crypto Support

Bitcoin reached a record high of over $108,000 following Trump's inauguration, driven by expectations of continued governmental support for cryptocurrencies, including Trump's launch of meme coins and his previous statements supporting a US strategic Bitcoin reserve.

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Essen to Mandate Community Service for Welfare Recipients and Asylum Seekers

The German city of Essen is implementing a new policy requiring welfare recipients and asylum seekers to perform three hours of daily community service or face benefit cuts, in an attempt to boost the city's struggling economy.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Chinese Retail Giants Accused of Widespread Product Copying

Independent designers are accusing Chinese retail giants Shein, Temu, and AliExpress of copying their products and selling them at significantly lower prices, resulting in financial losses and feelings of powerlessness despite successful takedown requests.

Progress

48% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Yuan Depreciation Amidst US-China Monetary Divergence

The Chinese yuan is weakening against a strengthening U.S. dollar due to diverging monetary policies and China's economic challenges, prompting the PBOC to prioritize exchange rate stability over further monetary easing to prevent a sharp currency fall.

Progress

52% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's 2024 Economic Performance: Growth in High-Tech Sectors Amidst Global Uncertainty

In 2024, China's total import and export trade increased by 5 percent, while Belt and Road Initiative-related trade grew by 6.4 percent; despite a slight decrease in overall foreign investment, high-tech sectors showed strong growth, indicating economic resilience and a shift towards innovation.

Progress

48% Bias Score

Decent Work and Economic Growth
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