Tag #Economy

chinadaily.com.cn
🌐 75% Global Worthiness
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Lhasa Imports Fair Showcases Xizang's Growing Trade Ties

An imported goods fair opened in Lhasa, Tibet on January 23, featuring products from Russia, Thailand, Nepal, Pakistan, and Afghanistan, aiming to meet local Lunar New Year shopping demands; 62 foreign merchants participate, showcasing the region's growing economic ties with South Asia.

Progress

48% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
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Spanish Mortgage Applications Surge Despite Rising House Prices

In November 2023, Spain saw a 16.6% year-on-year increase in mortgage applications for home purchases, totaling almost 34,500, driven by rising housing prices and a renewed availability of fixed-rate mortgages, despite the ECB's upcoming interest rate cuts.

Progress

36% Bias Score

Reduced Inequality
cnbc.com
🌐 65% Global Worthiness
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Higher Tax Refunds to Boost Select Retail Stocks in 2024

Increased 2024 tax refunds, projected by Wolfe Research due to IRS inflation adjustments to tax brackets and standard deductions, are expected to particularly benefit lower-income consumers and positively impact select retail stocks like Walmart, Ross Stores, and Five Below.

Progress

52% Bias Score

Reduced Inequality
elpais.com
🌐 65% Global Worthiness
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PP Rejects Spanish Anti-Eviction Decree, Shifts Housing Policy Stance

The Spanish People's Party (PP) rejected a government decree containing anti-eviction measures, despite previously supporting similar ones, framing the rejection as preventing homeowners from reclaiming their properties; the PP's leader simultaneously presented alternative housing initiatives.

Progress

56% Bias Score

Reduced Inequality
lentreprise.lexpress.fr
🌐 90% Global Worthiness
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Chinese Startup DeepSeek Challenges US AI Dominance with Cost-Effective Models

DeepSeek, a Chinese startup, developed high-performing AI language models ("V3" and "R1") at significantly lower costs than OpenAI's GPT-4, challenging the US AI industry's investment model and prompting concerns about a speculative bubble.

Progress

44% Bias Score

Reduced Inequality
politico.eu
🌐 90% Global Worthiness
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US Shifts from Bidenomics to 'National Capitalism', Abandoning State-Led Industrial Policy

The US is abandoning Bidenomics' state-led industrial policy for a new "national capitalism" model centered on radical liberalization, privatization, and market forces; this shift, using tariffs to insulate the domestic market, contrasts sharply with Europe's continued reliance on state-led economic...

Progress

60% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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1907 Banking Panic: Government Policy and the Birth of the Federal Reserve

The 1907 US banking panic, triggered by insufficient bank reserves due to government regulations mandating high federal bond holdings, resulted in the creation of the Federal Reserve System.

Progress

60% Bias Score

Decent Work and Economic Growth
nbcnews.com
🌐 75% Global Worthiness
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AmEx Q4 Spending Surges 8%, Driven by Millennial and Gen Z Spending

American Express's fourth-quarter 2023 card spending surged 8% year-over-year, fueled by a 16% jump in transactions from millennials and Gen Z, exceeding growth from older demographics and indicating continued strength in travel and entertainment spending, particularly in premium segments.

Progress

36% Bias Score

Reduced Inequality
kathimerini.gr
🌐 65% Global Worthiness
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Greece Reforms Social Benefits: Asset Criteria and Increased Allowances

The Greek government is implementing new asset criteria for social benefits, potentially excluding 6,500 families paying luxury taxes (mostly from boats, high-powered cars, or domestic help) from child, minimum income, and housing allowances, while increasing benefit amounts for others.

Progress

48% Bias Score

No Poverty
elpais.com
🌐 45% Global Worthiness
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Bogotá Announces 2025 Unified Predial Tax Deadlines and Payment Options

Bogotá's District Secretariat of Finance announced the 2025 unified predial tax payment deadlines: a 10% discount until April 25th, 2025, and a final deadline of July 11th, 2025, with payment installments available until May 9th, 2025.

Progress

20% Bias Score

Reduced Inequality
forbes.com
🌐 90% Global Worthiness
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Record U.S. Trade in 2024 Amidst Trump's Trade Policy Review

In 2024, U.S. total trade is projected to exceed \$5 trillion for the third consecutive year, with Port Laredo setting a new record as the top port, exceeding \$340 billion, and Mexico becoming the first nation to surpass \$800 billion in trade with the U.S. These figures occur amid President Trump'...

Progress

32% Bias Score

Reduced Inequality
gr.euronews.com
🌐 85% Global Worthiness
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China Mandates Increased Stock Investment to Boost Economy

The Chinese government announced that mutual and insurance funds must increase A-share investments by at least 10% and 30% respectively annually to boost the stock market and encourage consumer spending, starting this year.

Progress

40% Bias Score

Decent Work and Economic Growth