Tag #Economy

bbc.com
🌐 85% Global Worthiness
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Argentina's Peso Strengthens, but Prices Soar in US Dollars

Argentina's peso appreciation, driven by President Milei's anti-inflation measures, has unexpectedly increased prices of goods in US dollars, impacting purchasing power and competitiveness, while the government maintains that the peso is not overvalued.

Progress

40% Bias Score

Reduced Inequality
nos.nl
🌐 85% Global Worthiness
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Dutch Pension Fund PME Considers €5 Billion Divestment from BlackRock over Climate Concerns

PME, a major Dutch pension fund, is considering withdrawing €5 billion in assets managed by BlackRock due to BlackRock's reduced climate engagement, raising concerns about alignment with PME's sustainability goals.

Progress

44% Bias Score

Climate Action
sueddeutsche.de
🌐 85% Global Worthiness
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Commerzbank and Unicredit Clash Over Unsolicited Takeover Bid

Unicredit's acquisition of approximately 28 percent of Commerzbank shares, including 9.5 percent direct ownership and 18.5 percent through financial instruments, has sparked a dispute with Commerzbank denying prior merger talks while Unicredit claims numerous meetings took place, and seeks the new G...

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52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Curbing US Immigration: Severe Economic and Demographic Consequences

President Trump's aim to curb immigration through border enforcement and altering birthright citizenship will severely impact the US economy, given that immigrants comprise 19% of the workforce, pay nearly $580 billion in taxes annually, and significantly contribute to innovation and entrepreneurshi...

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48% Bias Score

No Poverty
cnbc.com
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Germany Needs Economic Growth, Finance Minister Says

German Finance Minister Jörg Kukies, in a CNBC interview at the Davos World Economic Forum, highlighted the need for economic growth to address Germany's declining GDP in 2023 and 2024, advocating for targeted reforms to the debt brake and stronger trade ties with the U.S. while acknowledging the up...

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36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Weinstein's Bid to Oust Herald Investment Trust Board Fails

Shareholders of the £1.3 billion Herald Investment Trust overwhelmingly rejected a proposal by Boaz Weinstein's Saba Capital to replace the board, dealing a major blow to Weinstein's campaign targeting seven London-listed trusts and highlighting strong shareholder engagement.

Progress

48% Bias Score

Reduced Inequality
nos.nl
🌐 85% Global Worthiness
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Dutch Pension Fund Considers €5 Billion Divestment from BlackRock Over Climate Concerns

Dutch pension fund PME is considering withdrawing approximately €5 billion from BlackRock due to concerns about the firm's reduced commitment to climate-focused investing, prompting a letter seeking clarification and potentially shifting investments to another firm.

Progress

44% Bias Score

Climate Action
welt.de
🌐 85% Global Worthiness
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Austrian Authorities Arrest René Benko on Asset Concealment Charges

Austrian authorities arrested René Benko, founder of the insolvent Signa Group, at his Innsbruck villa on suspicion of concealing assets from creditors and authorities; investigations also involve a Munich project with alleged misappropriation of funds from a foreign sovereign wealth fund, totaling ...

Progress

48% Bias Score

Reduced Inequality
fr.euronews.com
🌐 85% Global Worthiness
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European Venture Capital Investment Dips Despite AI Boom

European venture capital investment dropped in 2024 to 9,600 deals from 11,408 in 2023, although individual deal values rose; AI investments reached €14.6 billion, while other sectors experienced declines; exits increased, suggesting market recovery.

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36% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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S&P 500 Hits Intraday High Amidst Mixed Global Market Signals

On Thursday, the S&P 500 reached a new intraday high of 6,100.81, driven by technology stocks, while South Korea's Q4 2024 GDP growth of 1.2% missed expectations, impacting the Kospi index; concerns remain about inflated asset valuations and future demand.

Progress

36% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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Global EV Growth Slows Amidst Price Drops, Italy Lags Behind

Jato Dynamics' study reveals slowing global EV growth in 2024, despite price drops in Europe, China, and the US; while Italian EV prices are 25% higher than ICE vehicles, the gap will narrow in 2025 with new affordable models, but remain significantly higher compared to China.

Progress

40% Bias Score

Affordable and Clean Energy
taz.de
🌐 75% Global Worthiness
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German Court Upholds Tübingen's Takeaway Packaging Tax

Germany's Federal Constitutional Court upheld Tübingen's three-year-old tax on single-use takeaway packaging, reversing a prior ruling and potentially prompting other municipalities to follow suit; the city anticipates €700,000 in annual revenue.

Progress

56% Bias Score

Responsible Consumption and Production