Tag #Economy

faz.net
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Global Billionaire Count Rises to 2769 Amidst Widespread Poverty

In 2023, 204 new billionaires were added globally, totaling 2769, with Germany showing a 9-billionaire increase and $26.8 billion wealth growth. This contrasts sharply with nearly 3.6 billion people living below the $6.85/day poverty line and 733 million starving, creating concerns about the impact ...

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60% Bias Score

Reduced Inequality
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.

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48% Bias Score

Reduced Inequality
bbc.com
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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...

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44% Bias Score

No Poverty
spanish.china.org.cn
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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; ...

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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.

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44% Bias Score

Life Below Water
abcnews.go.com
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Trump's Cryptocurrency Token Soars, Raising Conflict of Interest Concerns

President-elect Donald Trump launched a new cryptocurrency token that soared from \$10 to approximately \$70 before a sharp decline, raising concerns about potential conflicts of interest and the volatile nature of meme coins. The coin, marketed with images referencing a past assassination attempt, ...

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44% Bias Score

Reduced Inequality
lemonde.fr
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EDF CFO Resigns Amidst Hinkley Point C Financial Crisis

EDF's chief financial officer resigned in March 2016 over disagreements about the financially risky Hinkley Point C nuclear power plant project in the UK, which is already significantly over budget and behind schedule, causing major concerns about EDF's financial stability.

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48% Bias Score

Affordable and Clean Energy
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.

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56% Bias Score

Reduced Inequality
faz.net
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German Retail SMEs Face Severe Sales Crisis

German retail SMEs experienced significant sales drops in November (-1.1%) and December (-0.9%) 2023 compared to previous months, missing the usual Christmas sales boost, unlike the overall retail sector. December 2023 sales were 2.2% lower than in December 2022, following a 4.4% drop in December 20...

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44% Bias Score

Decent Work and Economic Growth
spanish.china.org.cn
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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.

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40% Bias Score

Decent Work and Economic Growth
it.euronews.com
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Billionaire Wealth Surges to Eurozone GDP Equivalent Amid Stagnant Poverty

In 2024, the world's 2,769 billionaires held a combined wealth of $15 billion—equal to the Eurozone's GDP—an increase of $2 billion compared to the previous year, while poverty levels remained largely unchanged since 1990, prompting calls for increased taxation of the wealthy and regulatory changes.

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56% Bias Score

Reduced Inequality
dw.com
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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