Tag #Economy

dw.com
🌐 90% Global Worthiness
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Los Angeles Wildfires Cause $250 Billion in Losses, Exposing Climate Change's Impact on Insurance

Devastating wildfires in Los Angeles have caused up to $250 billion in economic losses, destroyed 16,000 buildings, and forced mass evacuations, highlighting the growing impact of climate change on insurance affordability and accessibility.

Progress

44% Bias Score

Climate Action
english.elpais.com
🌐 85% Global Worthiness
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Italy Targets Fake Online Reviews with New Bill

Italy's government approved a bill to combat fake online reviews, mandating user identification, proof of purchase, and a 15-day review window for restaurants and hotels, aiming to protect businesses and consumers from misleading information and unfair competition.

Progress

32% Bias Score

Reduced Inequality
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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Booming ASEAN-China Trade Defies Geopolitical Challenges

ASEAN-China trade hit \$638 billion in 8 months of 2024, a 10% rise year-on-year, showcasing strong economic ties despite geopolitical tensions, driven by the upgraded ASEAN-China Free Trade Area and BRI projects like the China-Laos Railway.

Progress

56% Bias Score

Decent Work and Economic Growth
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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Hexagon's China Success Shows WTO's Impact

Hexagon AB, a Swedish company, now manufactures 90 percent of its coordinate measuring machines in China, its largest global production facility, highlighting the success of foreign investment in China and its integration into global supply chains, while the World Trade Organization (WTO) played a s...

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Faces Economic Downturn Amid Job Cuts, Price Hikes, and Plummeting Business Activity

Amid growing economic pressure, the CBI projects another significant fall in UK business activity in the next three months, while 21.3 million people anticipate worsening finances in 2025 due to rising costs and inflation, exceeding levels seen even during the Covid-19 pandemic.

Progress

56% Bias Score

No Poverty
lexpansion.lexpress.fr
🌐 85% Global Worthiness
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France and Germany Face Intertwined Political and Economic Crises

France's political instability, marked by a 7% drop in the CAC 40 and a 6.1% public deficit, contrasts with Germany's economic crisis triggered by energy, security, and trade dependencies; the latter has caused a recession and significant job losses in major industries, leading to the fall of Chance...

Progress

32% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Spain's Sixth Budget Extension Exacerbates Political Crisis and Delays Social Programs

Spain's government is operating under a sixth budget extension in a decade, affecting 12 million pensioners and delaying aid for flood victims in Valencia, while seven regions also lack approved budgets, creating uncertainty and political gridlock.

Progress

44% Bias Score

Reduced Inequality
politico.eu
🌐 85% Global Worthiness
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Trump's Re-election Spurs EU Trade Push

Facing potential US tariffs under a second Trump administration, the European Union rapidly concluded stalled trade deals with Mercosur and Mexico and launched new talks with Malaysia and India, marking a significant shift in its trade strategy.

Progress

44% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Manufacturing Rise and WTO Reform Challenges

Hexagon AB, a Swedish company, now produces 90 percent of its coordinate measuring machines in China, highlighting China's manufacturing growth and its integration into global supply chains; this success is linked to China's WTO membership since 2001, which has driven its economic growth and poverty...

Progress

40% Bias Score

No Poverty
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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ASEAN-China Trade Flourishes Despite Geopolitical Tensions

Despite geopolitical challenges, ASEAN-China trade thrived in 2024, reaching $638 billion in eight months—a 10% increase year-on-year—thanks to the successful implementation and upgrade of the ASEAN-China Free Trade Area (ACFTA).

Progress

56% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Indigenous Inclusion Crucial in Canada's Response to Potential U.S. Tariffs

Indigenous leaders are demanding inclusion in Canada's strategy to counter potential U.S. tariffs, citing the disproportionate impact on Indigenous businesses and workers in resource-based sectors, with revenue from U.S. exports ranging from 19% to 90% for some. Provincial leaders are also taking ac...

Progress

40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Trump's Greenland Claim Highlights Global Competition for Rare Earth Minerals

President Trump's recent claim on Greenland, rejected by the territory, underscores the growing global competition for the island's vast and largely untapped mineral resources, including rare earth elements vital for various technologies.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure