Tag #Economy

theglobeandmail.com
🌐 75% Global Worthiness
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BC Accelerates Renewable Energy Amid US Tariff Threat

British Columbia is accelerating renewable energy development, signing a deal for 200 megawatts of wind power to reduce reliance on US electricity amid threatened tariffs and recent power shortages, aiming for energy independence and meeting growing demand.

Progress

36% Bias Score

Affordable and Clean Energy
liberation.fr
🌐 75% Global Worthiness
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French Home Renovations Drop 35% Despite Increased Funding

France saw a 35% decrease in total home renovations in 2024 (403,155 vs 623,790 in 2023), despite a rise in aid to 3.77 billion euros. Large-scale energy renovations increased by 27.59% (91,374), improving energy efficiency by 65% on average. This trend reflects a shift towards higher-impact project...

Progress

36% Bias Score

Climate Action
cbsnews.com
🌐 75% Global Worthiness
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Act Now: Lock in Low Home Equity Loan Rates Before Fed Meeting

Homeowners can benefit from securing a home equity loan now due to relatively low interest rates (8.57% for a 15-year loan) before potential rate hikes following the January Federal Reserve meeting; the average homeowner has $320,000 in equity.

Progress

44% Bias Score

Reduced Inequality
zeit.de
🌐 65% Global Worthiness
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Record Pessimism Grips Thuringian Businesses Amidst Economic Stagnation

A survey of Thuringian businesses reveals record-low optimism, with nearly half expecting a worse economic performance in the coming months due to reduced orders and profits; the regional economy is projected to stagnate in 2025, with recovery not expected until 2026.

Progress

48% Bias Score

Decent Work and Economic Growth
welt.de
🌐 65% Global Worthiness
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Görtz Faces Second Insolvency Due to Investor Dispute

Görtz, a Hamburg retailer, is in a second insolvency proceeding due to unpaid rent and an investor's €1.3 million payment default, jeopardizing employee salaries and the company's future, with ongoing legal battles and brand-rights complications.

Progress

40% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 65% Global Worthiness
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Hesse to Fine Owners of Vacant Properties Up to €500,000

Hesse will introduce a new law to combat speculative vacancy of real estate by allowing municipalities to impose fines of up to €500,000. The law addresses a vacancy rate of 3.9% (over 122,000 dwellings), aiming to limit vacancy periods to six months unless justified by factors such as renovations.

Progress

40% Bias Score

Sustainable Cities and Communities
faz.net
🌐 75% Global Worthiness
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BASF Misses Q4 Profit Targets Amidst Battery Chemical Write-Downs and Restructuring

BASF's Q4 2023 results revealed a €3.2 billion profit miss despite meeting revenue and earnings expectations, primarily due to write-downs in battery chemicals and restructuring costs at its Ludwigshafen site, prompting the company to seek alliances and partnerships.

Progress

24% Bias Score

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

American Express reported an 8% year-over-year increase in card spending in Q4 2024, fueled by a 16% surge in transactions from millennials and Gen Z, exceeding growth in other age groups and exceeding expectations for goods and services.

Progress

36% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Queensland Faces \$217.8 Billion Debt Projection, Premier Assures Public Servants

Queensland's debt is projected to hit \$217.8 billion by 2027-28, prompting Premier Crisafulli to assure public servants of job security despite Treasurer Janetzki's warning of a potential credit rating downgrade, a claim the opposition calls exaggerated.

Progress

40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 65% Global Worthiness
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Record Pessimism Among Thuringian Businesses

A survey of Thuringian businesses reveals record-high pessimism, with almost half expecting economic downturn in the coming months due to low order books and profit expectations; economic recovery is not expected until 2026.

Progress

48% Bias Score

Decent Work and Economic Growth
faz.net
🌐 65% Global Worthiness
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Europe's Largest Quartzite Quarry Fuels Taunus Region's Economy

The Taunus-Quarzit-Werk, Europe's largest quartzite quarry, located near Köppern, Germany, produces 4,000 tons of quartzite daily for various uses; its location near Roman Limes structures suggests a long history of extraction, while its modern operations demonstrate the economic significance of thi...

Progress

24% Bias Score

Industry, Innovation, and Infrastructure
sueddeutsche.de
🌐 65% Global Worthiness
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Restructuring Boosts Bavarian Retail Sales Despite Employment Drop

Bavarian retail sales grew by 5% in 2024 despite a 1.1% decrease in employment, largely due to a major online retailer's restructuring; however, traditional stores saw minimal growth, and the grocery sector experienced significant job losses.

Progress

32% Bias Score

Decent Work and Economic Growth