Tag #Economy

bbc.com
🌐 85% Global Worthiness
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UK Amends Non-Dom Tax Plan Amid Millionaire Exodus

Chancellor Rachel Reeves announced amendments to the UK government's plan to abolish non-dom status, increasing the generosity of the Temporary Repatriation Facility to help non-doms repatriate funds to the UK at a reduced tax rate; this follows concerns about wealthy individuals leaving the UK and ...

Progress

52% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Mixed Reactions to Trump's Tariff Threats at Davos

At the World Economic Forum in Davos, reactions to President Trump's tariff threats were mixed; some business leaders downplayed concerns while others warned of inflation and negative impacts on global trade, highlighting varied vulnerabilities among European companies and the uncertain long-term gl...

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Record S&P 500 High Amidst AI Investment Uncertainty and Media Layoffs

The S&P 500 hit a record high Wednesday, but Elon Musk questioned a new $500 billion AI investment plan announced by President Trump, while CNN and NBC News plan layoffs and Electronic Arts lowered its guidance.

Progress

60% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Trump's Executive Orders to Delay Tax Refunds

President Trump's executive orders mandating a return-to-office policy and imposing a hiring freeze on federal employees will likely delay tax refunds this year, impacting the IRS's ability to process returns efficiently due to reduced staffing and operational challenges.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Intuitive Surgical Earnings Preview: Record High, Volatility Expected

Intuitive Surgical (ISRG) is scheduled to release its Q[quarter] earnings after Thursday's market close; analysts predict $1.77 EPS on $2.21 billion in revenue, while the whisper number is $2.02 EPS; the stock is highly sensitive to results and recently reached a record high.

Progress

48% Bias Score

Good Health and Well-being
german.china.org.cn
🌐 85% Global Worthiness
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China's 5 Percent GDP Growth Defies Global Slowdown

China's economy grew by 5 percent in 2024, reaching a GDP of approximately \$18.77 trillion, exceeding expectations amid global instability and outperforming major economies; this success is driven by strong exports and domestic demand, offering an alternative development model for emerging economie...

Progress

56% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Google's AI Search Impacts Businesses

Google's May launch of AI-generated search results, called AI Overviews, has negatively impacted businesses like Kayak that rely on Google search traffic; these companies are adjusting their marketing strategies, increasing spending on sponsored links, and exploring other platforms to counteract the...

Progress

60% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Infinite Reality Acquires Obsess to Dominate Immersive Commerce

Infinite Reality, a $12.25 billion immersive technology company, acquired Obsess, a leader in virtual commerce, for an undisclosed sum, combining their platforms to leverage AI and accelerate growth in a market projected to reach $1 trillion by 2030.

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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BYD's European EV Push: Challenges and Geopolitical Risks

BYD, a leading Chinese electric vehicle manufacturer, is expanding its European sales with models like the Dolphin hatchback, but faces challenges including limited high-speed range and software issues, despite a cost advantage and planned production in Hungary and Turkey to circumvent EU tariffs.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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U.S. Auto Market Shifts: Sedan Demand Rises, EVs Persist, Korean Brands Gain

A new report forecasts a decline in U.S. demand for trucks and SUVs, a rise in electric vehicle adoption despite recent policy changes, and increased market share for Korean automakers, creating uncertainty within the industry.

Progress

40% Bias Score

Responsible Consumption and Production
theglobeandmail.com
🌐 85% Global Worthiness
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U.S. Targets Canada's Digital Services Tax

The U.S. administration, under President Trump, is targeting Canada's digital services tax, a 3% levy on foreign tech companies' revenue from Canadian users, potentially escalating trade tensions.

Progress

36% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Spanish Unions Call for Nationwide Protests Against Annulment of Social Measures

Spanish unions CCOO and UGT announced nationwide protests for February 2nd against the Congress's annulment of pension increases and social measures impacting millions, demanding the government reinstate them via a Royal Decree-Law.

Progress

44% Bias Score

No Poverty