Tag #Economy

dw.com
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Hungary's Economic Crisis: Recession, Frozen EU Funds, and Political Uncertainty

Hungary's economy faces a deep crisis marked by recession, reduced investments (down 11%), high inflation (food prices up to 50% in two years), and frozen EU funds (22.5 billion euros) due to rule of law concerns, creating challenges for businesses and consumers, while the government's economic poli...

Progress

60% Bias Score

No Poverty
theglobeandmail.com
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Trump Threatens 25% Tariffs on Canadian, Mexican Goods

President Trump announced potential 25% tariffs on Canadian and Mexican goods starting February 1st, prompting concerns about economic disruption across North America due to integrated supply chains; investigations into various trade issues are also underway, with reports due by April 1st.

Progress

16% Bias Score

Decent Work and Economic Growth
english.elpais.com
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Big Tech's Knowledge Monopolization and Brazil's Digital Sovereignty Struggle

Economics professor Cecilia Rikap details how Amazon, Microsoft, and Google control 70% of the global cloud market, centralizing AI development and knowledge creation, and how Brazil is attempting to resist this dominance by creating a sovereign digital ecosystem, facing strong counter-pressure from...

Progress

48% Bias Score

Reduced Inequality
africa.chinadaily.com.cn
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China's New Energy Storage Capacity Surges 130% in 2024

China's new energy storage installed capacity reached 73.76 million kilowatts by the end of 2024, a 130 percent increase from 2023, driven by renewable energy growth and supported by government investment exceeding 200 billion yuan since 2021.

Progress

44% Bias Score

Affordable and Clean Energy
lexpansion.lexpress.fr
🌐 75% Global Worthiness
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French Government Seeks Social Accord on Pension Reform by Late May

French ministers initiated a three-month negotiation on pension reform on January 17th, aiming for an agreement by late May, following a report from the Court of Auditors on February 19th, with the CFDT union already opposing the 64-year retirement age.

Progress

44% Bias Score

Decent Work and Economic Growth
foxnews.com
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Trump Celebrates Nevada Win, Emphasizes 'No Tax on Tips' Policy

President Trump visited Las Vegas on Saturday to celebrate his re-election and his "no tax on tips" policy, which impacts an estimated four million workers nationwide, including 700,000 single mothers, with Nevada having a quarter of restaurant workers' pay coming from tips.

Progress

64% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Musk's DOGE Denied West Wing Office; $2 Trillion Budget Cut Target

Elon Musk's Department Of Government Efficiency (DOGE) will be based outside the West Wing, focusing on a $2 trillion US budget reduction, despite his initial request for a West Wing office. This decision was made by White House Chief of Staff Susie Wiles due to concerns regarding Musk's collaborati...

Progress

52% Bias Score

Reduced Inequality
welt.de
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German Long-Term Care Insurance Faces 1.55 Billion Euro Deficit, Warns of Crisis

Germany's long-term care insurance system projects a 1.55 billion euro deficit in 2024, despite a recent contribution increase, prompting warnings of a potential crisis unless the new federal government acts swiftly to stabilize its finances.

Progress

60% Bias Score

Good Health and Well-being
europe.chinadaily.com.cn
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China's New Energy Storage Capacity Surges 130% in 2024

By the end of 2024, China's installed new energy storage capacity reached 73.76 million kilowatts, a 130 percent increase from 2023, driven by renewable energy integration and government support for its dual-carbon goals; the top five regions are Inner Mongolia, Xinjiang, Shandong, Jiangsu, and Ning...

Progress

44% Bias Score

Affordable and Clean Energy
lexpansion.lexpress.fr
🌐 75% Global Worthiness
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High French Taxes Hamper Economic Growth and Career Advancement

French Economy Minister Eric Lombard promised limited tax increases despite a record-high 45.6% tax revenue in 2023, impacting consumption, savings, and potentially employee career progression.

Progress

48% Bias Score

Reduced Inequality
lexpansion.lexpress.fr
🌐 75% Global Worthiness
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France proposes retiree contributions, unpaid work hours to fund social security

French Labor Minister Astrid Panosyan-Bouvet proposed on January 21st that 40% of higher-pensioned retirees contribute to social security, alongside seven unpaid extra work hours annually for all active workers, to raise €2.5 billion - €2.8 billion to fund elderly care.

Progress

48% Bias Score

Reduced Inequality
news.sky.com
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UK Farmers Protest Inheritance Tax Reforms

UK farmers protested inheritance tax reforms on Saturday, using tractors in town centers across the UK, claiming the reforms will decimate the agricultural sector and potentially cause food shortages, while the government cites £5 billion investment in farming and reduced tax rates for farms.

Progress

40% Bias Score

Zero Hunger