Tag #Economy

elmundo.es
🌐 85% Global Worthiness
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EU Automakers Seek Carbon Credits Amid Emission Reduction Challenges

Facing EU CO2 emission reduction mandates (93.6 g/km by 2025), automakers like Stellantis are exploring carbon credit trading with Tesla to avoid €15 billion in potential fines, highlighting the industry's struggle to transition to electric vehicles amid economic and geopolitical pressures.

Progress

56% Bias Score

Climate Action
elmundo.es
🌐 85% Global Worthiness
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CNMC: Iberdrola Exceeded Madrid Grid Capacity for Data Centers

Iberdrola's i-DE granted five Madrid data center access permits exceeding grid capacity based on a non-existent transformer, a "very serious infraction" per the CNMC, resulting in 101.76% capacity commitment and highlighting the need for improved grid planning.

Progress

40% Bias Score

Affordable and Clean Energy
elmundo.es
🌐 85% Global Worthiness
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Trump's Election: Market Optimism vs. Economic Forecasts

The election of Donald Trump as US President has fueled optimism on Wall Street, despite economic models predicting a 9.7% GDP drop and 9.3% inflation due to his proposed deregulation, tariffs, and immigration policies; the strong dollar also creates challenges.

Progress

56% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Billionaire Wealth Soars to \$15 Trillion Amidst Global Poverty

Global billionaire wealth increased by \$2 trillion in 2024 to \$15 trillion, while 44% of the world's population lives on less than \$6.85 a day, according to an Oxfam report released before the World Economic Forum in Davos.

Progress

60% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Billionaire Wealth Surges by $2 Trillion in 2024 Amidst Persistent Global Poverty

The world's billionaires' wealth surged by $2 trillion in 2024, three times faster than in 2023, reaching $5.7 billion daily, while 3.6 billion people remain below the World Bank poverty line, highlighting extreme global inequality and prompting Oxfam to call for bolder policies.

Progress

68% Bias Score

Reduced Inequality
zeit.de
🌐 85% Global Worthiness
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Global Billionaire Wealth Soars as Poverty Stagnates

Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.

Progress

60% Bias Score

Reduced Inequality
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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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
dw.com
🌐 85% Global Worthiness
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Billionaire Wealth Surge Exacerbates Global Inequality

Oxfam's January 20th report reveals that billionaire wealth surged by $2 trillion in 2024, while 44% of humanity lives on under $6.85 daily, highlighting extreme wealth inequality exacerbated by policies like tax cuts and deregulation, with protests at the Davos WEF meeting mirroring these concerns.

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Australian Billionaires' Wealth Soars, Sparking Calls for Wealth Tax

Oxfam Australia reveals that Australia's 47 billionaires, whose wealth increased by A$28 billion in 2024, enjoy an average hourly income exceeding 1,300 times the national average, prompting calls for a wealth tax to address inequality.

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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High Street Shops Used as Fronts for Money Laundering and Modern Slavery

Organized crime is using High Street shops as fronts for money laundering and modern slavery, exploiting a rise in cash-only businesses and a lack of public awareness; police busted a Cardiff gang laundering over £1.5 million, while a Camden raid uncovered £5 million in counterfeit goods linked to m...

Progress

40% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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Five Trillionaires Predicted by 2034: Oxfam Highlights Extreme Wealth Inequality

Oxfam's new report reveals that five individuals are projected to become trillionaires in the next decade, highlighting extreme wealth concentration amid persistent global poverty, exacerbated by inheritance and political influence.

Progress

64% Bias Score

Reduced Inequality