Tag #Economy

edition.cnn.com
🌐 85% Global Worthiness
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Trump Announces 25% Tariffs on Mexico and Canada

President Trump announced 25% tariffs on imports from Mexico and Canada, effective February 1st, impacting over $893 billion in annual bilateral trade and potentially leading to higher prices for American consumers and retaliatory tariffs.

Progress

56% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Freetrade Acquisition Underscores Fintech Market Correction

The 160 million GBP acquisition of the UK-based fintech company Freetrade by IG Group reflects the post-ZIRP market correction in fintech, where incremental innovation yields lower exit valuations compared to previous years, as exemplified by the stark difference between Freetrade's 5.8x revenue mul...

Progress

48% Bias Score

Reduced Inequality
zeit.de
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Global Internet Traffic Surges 15 Percent in 2024, Driven by Online Gaming

DE-CIX reported a 15 percent increase in global internet traffic in 2024, reaching 68 exabytes, primarily driven by online gaming, unlike previous years dominated by sports streaming. This record traffic, exceeding double the 2020 levels, highlights the growing demand for digital content and the nee...

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
lefigaro.fr
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US Economic Dominance: Robust Growth Amidst Rising Debt and Trade Deficit

In 2024, the US economy, representing 26% of global GDP, showed 3.1% growth, exceeding the Eurozone's 0.8% and marked by low unemployment (4.1%) but high trade deficit ($84.4 billion in September) and rising national debt, prompting concerns in Europe about US economic dominance and potential trade ...

Progress

40% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 85% Global Worthiness
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Trump Announces 25% Tariffs on Mexico and Canada

President Trump announced 25% tariffs on Mexican and Canadian imports, starting February 1st, impacting $893 billion in bilateral trade and potentially raising prices for American consumers.

Progress

44% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Spanish-Valencian Government Rift Jeopardizes Flood Reconstruction Funds

Following devastating floods in Valencia, Spain, the regional government expressed surprise at the central government's EU funding application, revealing a complete lack of communication that jeopardizes the 4.404 billion euro reconstruction effort. This highlights the urgent need for inter-governme...

Progress

48% Bias Score

Sustainable Cities and Communities
theguardian.com
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UK Pay Growth Rises, Adding Pressure on Bank of England

UK average weekly earnings increased by 5.6% in the three months to November, driven by strong private sector growth, putting pressure on the Bank of England to maintain interest rates amid concerns over inflation; unemployment rose to 4.4%.

Progress

44% Bias Score

Decent Work and Economic Growth
chinadaily.com.cn
🌐 85% Global Worthiness
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Indonesia Leverages China Ties, South-South Cooperation Amidst Trump's Return

Indonesia faces economic uncertainty from Trump's return but seeks to leverage stronger ties with China, exemplified by $139.26 billion in bilateral trade in 2023 and over $7 billion in Chinese investment, and expand South-South partnerships to mitigate risks and boost its global influence.

Progress

48% Bias Score

Reduced Inequality
edition.cnn.com
🌐 85% Global Worthiness
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Trump's Policies Create Uncertainty for the Federal Reserve

President-elect Trump's potential policies, including mass deportations and tariffs, pose a significant challenge to the Federal Reserve's ability to accurately forecast economic indicators and set appropriate monetary policy due to heightened uncertainty, forcing the Fed to choose between immediate...

Progress

48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Germany to See Massive Expansion of Automated Package Pickup Points

DHL plans to double its automated package pickup stations in Germany to 30,000 by 2030, while competitors GLS and DPD aim for 3,000 joint stations, and myflexbox targets 5,000, reflecting growing consumer demand and cost efficiency for logistics companies, but raising concerns about sufficient capac...

Progress

36% Bias Score

Sustainable Cities and Communities
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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China Prioritizes Yellow River Basin's Ecological Protection and Sustainable Development

The Communist Party of China's top leadership, led by Xi Jinping, convened a meeting on Monday to prioritize ecological protection and high-quality development in the Yellow River Basin, emphasizing the implementation of the recently enacted Yellow River Protection Law and the need for a regionally ...

Progress

48% Bias Score

Clean Water and Sanitation
elpais.com
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Trump Threatens 25% Tariff on Mexico and Canada

US President Trump announced a potential 25% tariff on Mexican and Canadian imports, starting February 1st, to combat immigration and fentanyl trafficking; this caused the Mexican peso to fall to 20.75 per dollar.

Progress

48% Bias Score

Decent Work and Economic Growth