Tag #Economy

it.euronews.com
🌐 75% Global Worthiness
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EU Plans €1 Billion Reserve to Protect Farmers from Mercosur Trade Deal

The European Union plans a €1 billion reserve to help farmers if the Mercosur trade deal negatively impacts their markets, following concerns over market disruptions, particularly in beef and poultry, and uncertainty over the fund's availability.

Progress

40% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
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Regent's Park Mansion Sells for £139 Million, Raising Transparency Concerns

A 40-bedroom mansion in Regent's Park, formerly owned by Prince Khaled bin Sultan al-Saud, has sold for approximately £139 million to a UK subsidiary of Zedra, a corporate services firm, despite efforts to increase transparency in offshore property ownership; the ultimate beneficial owner remains un...

Progress

24% Bias Score

Reduced Inequality
edition.cnn.com
🌐 75% Global Worthiness
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US Existing Home Sales Plunge to Near Three-Decade Low in 2024

US existing home sales in 2024 fell to 4.06 million, the lowest since 1995, driven by high home prices (median $407,500) and mortgage rates (peaking at 7.22%), despite a slight December rise; a housing shortage of 3.7 million units and the 'lock-in effect' further constrain the market.

Progress

48% 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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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
mk.ru
🌐 75% Global Worthiness
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Russian Vegetable Prices Surge Amidst Harvest Shortfall

In 2024, potato prices in Russia skyrocketed by 92%, onions by 48.2%, and cabbage by 44.7%, due to a low harvest resulting from unfavorable weather and reduced planting areas caused by low profitability in previous years; however, buckwheat prices dropped by 15% and eggs by 11.16%.

Progress

48% Bias Score

Zero Hunger
es.euronews.com
🌐 75% Global Worthiness
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Tesla's Updated Model Y: Price Hike, New Features, and Global Recall

Tesla launched a new, more expensive Model Y with standard autonomous driving, priced at $59,990 in the US, but sales have dropped in 2024 due to global EV demand and competition; a recall of over 1.2 million vehicles in China due to software issues affecting the rearview camera adds further concern...

Progress

32% Bias Score

Responsible Consumption and Production
cnn.com
🌐 75% Global Worthiness
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US Existing Home Sales Plunge to Near 30-Year Low

US existing home sales in 2024 hit a near three-decade low of 4.06 million due to record-high home prices ($407,500 median) and elevated mortgage rates (peaking at 7.22%), although December saw a slight increase, and experts predict continued challenges in 2025.

Progress

40% Bias Score

Reduced Inequality
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