Tag #Economy

theguardian.com
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Foreign Aid Spending Reaches Record High Amidst Announced Cuts

In 2023, foreign aid hit a record high of $223 billion, but eight wealthy nations plan to cut aid by $17.2 billion over five years, with the EU and US also making reductions; this raises questions about the future of foreign aid.

Progress

48% Bias Score

No Poverty
dw.com
🌐 85% Global Worthiness
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EU Awaits Trump's Second Term: Pragmatism and Preparedness in Trade Relations

On Donald Trump's second inauguration, the EU faced no immediate trade shocks, despite earlier tariff threats; the EU is adopting a pragmatic strategy, seeking cooperation while defending its interests, particularly regarding technology regulations and energy trade.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
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Labor pledges \$626m to boost construction apprenticeships

The Australian Labor government announced a \$626 million initiative to boost the number of apprentices in the construction industry by providing \$10,000 in installments to those in housing or clean energy construction, aiming to address a shortage of workers needed to meet its 1.2 million-home bui...

Progress

36% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Warns of Grave Consequences from Global Division, Advocates for Collaboration

At the 2025 World Economic Forum in Davos, Vice-Premier Ding Xuexiang warned against global division, advocating for collaboration to counter protectionism and build a more equitable international order, while highlighting China's 5 percent GDP growth in 2024 and its proactive economic policies.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
chinadaily.com.cn
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Nepal-China Relations: 70 Years of Partnership and Future Collaboration

Nepal and China mark 70 years of diplomatic relations, characterized by strong economic cooperation, infrastructure development, and cultural exchange, with future plans focused on enhancing connectivity and technology transfer to benefit both nations.

Progress

48% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Trump Rejects Global Minimum Tax Deal, Threatening International Trade

President Trump signed an executive order rejecting the OECD's global corporate minimum tax deal, leaving it without US support and potentially opening the door to retaliatory trade actions from other countries. This decision reverses prior US support and leaves the future of the agreement uncertain...

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
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Labour Eases Non-Dom Crackdown Amid Millionaire Exodus

Facing a £33.8 billion shortfall over five years due to 10,800 millionaires leaving the UK in 2024, Labour's Chancellor Rachel Reeves will amend the Finance Bill to ease the crackdown on non-doms, aiming to attract high-net-worth individuals and boost the economy.

Progress

56% Bias Score

Reduced Inequality
lefigaro.fr
🌐 85% Global Worthiness
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Trump's AI Plan Fuels Global Market Surge

Driven by Donald Trump's announced \$500 billion "Stargate" AI investment plan and strong Q4 2024 earnings from Netflix, global markets saw significant gains Wednesday, with major indices like the S&P 500, Dow Jones, and Nasdaq experiencing substantial increases.

Progress

60% Bias Score

Decent Work and Economic Growth
cbsnews.com
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Lutnick to Divest from Businesses Before Leading Commerce Department

President Trump's nominee for Commerce Secretary, Howard Lutnick, will divest from Cantor Fitzgerald, BGC Group, and Newmark Group to avoid conflicts of interest, despite retaining significant assets and advocating for tariffs.

Progress

40% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Russian Oil Spill Causes Tourism Collapse, Environmental Disaster

A massive oil spill from two sunken tankers off the coast of Anapa, Russia, on December 15th, 2023, has caused a 40 percent drop in summer tourism bookings, killed thousands of animals, and sparked criticism of the government's response.

Progress

36% Bias Score

cnbc.com
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Market Surge Amidst Warnings of Inflated Valuations

Driven by strong corporate earnings and pro-growth policies, U.S. and German stock markets surged on Wednesday, reaching new highs, yet concerns remain regarding inflated valuations and potential risks, as highlighted by JPMorgan Chase CEO Jamie Dimon.

Progress

44% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
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Chinese Manufacturers Diversify Amid Potential US Tariff Hikes

Facing potential US tariff increases, Chinese manufacturers are actively diversifying their export markets, focusing on emerging economies and product innovation, as evidenced by a record \$205.2 billion trade value with Vietnam in 2024 and companies expanding into Southeast Asia and Africa.

Progress

44% Bias Score

Decent Work and Economic Growth