Tag #Economy

lemonde.fr
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EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025

On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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Ghana Mine Clash: Seven Dead, Protests Erupt

Seven to nine people died in a clash between soldiers and about 60 illegal miners armed with pump-action guns at an AngloGold Ashanti mine in Ghana's Ashanti region; protests followed, with vehicles and equipment burned; the government ordered investigations and the company covered medical and buria...

Progress

44% Bias Score

No Poverty
spanish.china.org.cn
🌐 85% Global Worthiness
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China's Economic Resilience in 2024: Growth Rebounds Amidst Global Uncertainty

Despite initial economic slowdown in the second and third quarters of 2024, China's economy rebounded strongly in the final months, with key indicators reaching record highs thanks to timely government policy interventions and ongoing structural reforms.

Progress

40% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Davos Forum Opens Amidst US Trade Concerns and AI Employment Fears

The World Economic Forum in Davos, Switzerland, convenes on the same day as the US president's inauguration, focusing on global economic anxieties following a year of political upheaval and amidst concerns about new US trade policies and the impact of rapid technological advancement on employment.

Progress

56% Bias Score

Reduced Inequality
lexpansion.lexpress.fr
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France's Uncoordinated Energy Policy Risks Economic Hardship

French Senator Ronan Dantec warns of a lack of coordination in France's energy policy, highlighting the significant cost difference between nuclear (120€/MWh) and solar (17€/MWh) energy, and the risk of overproduction due to the lack of integration with cheaper European electricity.

Progress

52% Bias Score

Affordable and Clean Energy
lexpansion.lexpress.fr
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Biden Vetoes Nippon Steel's US Steel Acquisition

President Biden blocked a $15 billion acquisition of US Steel by Japan's Nippon Steel, citing national security concerns and supply chain risks, despite bipartisan support for the veto and criticism from the involved companies.

Progress

44% Bias Score

Decent Work and Economic Growth
apnews.com
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Bitcoin Surges Past \$109,000 on Trump's Crypto-Friendly Policies

Bitcoin's price exceeded \$109,000 on Monday, driven by anticipation of pro-crypto policies under President-elect Trump, who plans to create a U.S. crypto reserve and implement industry-friendly regulations.

Progress

56% Bias Score

Reduced Inequality
spanish.china.org.cn
🌐 85% Global Worthiness
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China's Strong Showing at Davos Underscores Global Economic Engagement

At the 2025 World Economic Forum in Davos, China demonstrated its commitment to global markets through increased corporate participation (e.g., LONGi, Yidu Tech) and high-level government representation (Vice Premier Ding Xuexiang), focusing on multilateralism and mutually beneficial globalization; ...

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
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Jellyfish Invasion Devastates Scottish Salmon Farms

An invasive jellyfish species has killed over 200,000 farmed salmon in Scotland, impacting two farms near Skye and Muck, following a similar crisis in Norway where millions of salmon died in 2023 due to rising sea temperatures linked to climate change.

Progress

44% Bias Score

Life Below Water
dw.com
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Global Billionaire Wealth Soars as Food Insecurity Rises

Oxfam's report reveals a stark contrast: 204 new billionaires in 2024, increasing their collective wealth to \$15 trillion, while 733 million people lack sufficient food, 152 million more than five years ago.

Progress

64% Bias Score

Reduced Inequality
votreargent.lexpress.fr
🌐 85% Global Worthiness
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French Unions and Employers Begin Talks on Pension Reform

French unions and employers initiated three months of talks on January 17th to reform the pension system, a significant shift from President Macron's previous approach, aiming to find compromises on financing and other key issues, potentially impacting the future role of social partners in French po...

Progress

56% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 85% Global Worthiness
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China Urges US Businesses to Invest Amidst Han Zheng-Musk Meeting

Chinese Vice President Han Zheng met with Elon Musk in the US on Sunday, urging American businesses to seize opportunities in China's growing economy; Musk pledged Tesla's continued investment and cooperation.

Progress

48% Bias Score

Decent Work and Economic Growth