Tag #Economy

chinadaily.com.cn
🌐 85% Global Worthiness
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China Urges Global Cooperation for Inclusive Growth at Davos

In a Davos speech, Chinese Vice-Premier Ding Xuexiang advocated for multilateralism and inclusive growth, emphasizing China's commitment to green transition and economic opening while urging global cooperation on key challenges like climate change and digital connectivity. He met with several world ...

Progress

40% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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BOJ Poised for Rate Hike Amid Inflation and Yen Weakness

The Bank of Japan is expected to raise its benchmark interest rate by 0.25% this week to 0.5%, the highest since 2008, driven by sustained inflation, yen weakness, and a shift in the BOJ's public statements. Eighteen of nineteen economists polled by CNBC predict the hike, despite risks from weak hou...

Progress

40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Netflix's Record Subscriber Growth Fuels Price Hikes and Stock Surge

Netflix added a record 18.9 million subscribers in Q4 2024, exceeding expectations due to live sports and "Squid Game," prompting price increases across various plans in the US, Canada, Portugal, and Argentina and resulting in a 13 percent stock surge.

Progress

12% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Smithfield Foods Targets $10.73 Billion Valuation in Landmark IPO

Smithfield Foods, the largest U.S. pork processor, is targeting a $10.73 billion valuation in its New York IPO, its largest since 2021, raising up to $939.6 million by offering 17.4 million shares priced between $23 and $27; the company plans to reduce pig production by 21% in 2024 compared to this ...

Progress

40% Bias Score

Decent Work and Economic Growth
china.org.cn
🌐 85% Global Worthiness
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China Urges Multilateralism and Inclusive Growth at Davos

In Davos, Chinese Vice Premier Ding Xuexiang urged global cooperation for inclusive development, echoing President Xi's 2017 call for multilateralism, and outlined China's commitment to high-quality growth, green initiatives, and further opening up, meeting with several world leaders and business ex...

Progress

20% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Sabadell to Return HQ to Catalonia Amid BBVA Takeover

Banco Sabadell plans to return its headquarters to Catalonia on October 25th, 2023, reversing a 2017 move to Alicante due to political instability, amidst a hostile takeover bid by BBVA and following similar moves by four other companies.

Progress

44% Bias Score

Sustainable Cities and Communities
chinadaily.com.cn
🌐 85% Global Worthiness
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RCEP: Lowering Trade Costs Amidst Global Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), encompassing 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases due to ...

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle

Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.

Progress

52% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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CMS Drug Price Controls Under IRA Threaten Pharmaceutical Innovation

CMS announced price negotiations for 15 drugs under the IRA, imposing penalties up to 95% of U.S. sales for non-compliance; this discourages R&D, potentially resulting in fewer new drugs and harming patients, with studies projecting a loss of 135 new drugs and $663 billion in R&D spending by 2039.

Progress

60% Bias Score

Good Health and Well-being
forbes.com
🌐 85% Global Worthiness
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Trump Memo Orders Review of Unfair Foreign Trade Practices

President Trump's January 20 Memorandum on America First Trade Policy directs executive agencies to report by April 1 on actions to counter unfair foreign trade practices, focusing on using Anticompetitive Market Distortions analysis for effective remedies and potentially forming international coali...

Progress

44% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover

Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.

Progress

56% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
🌐 85% Global Worthiness
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Gen Z Demands Data-Driven ESG Accountability

Gen Z investors are demanding transparency and accountability from companies regarding their ESG initiatives; a KPMG survey indicates 75% of sustainability sector companies are unprepared for ESG data assurance, while McKinsey research shows Gen Z is de-emphasizing sustainability in purchasing decis...

Progress

52% Bias Score

Climate Action