Tag #Economy

foxnews.com
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Republican Tax Cut Renewal Jeopardized by Budget Bill Split

Republican infighting threatens the renewal of Trump-era tax cuts, potentially causing tax increases for Americans and impacting domestic manufacturing; a split budget bill increases the risk of failure due to a narrow congressional majority and internal divisions, with significant long-term economi...

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52% Bias Score

Reduced Inequality
abcnews.go.com
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Albertsons Sues Kroger After Merger Collapse

Albertsons terminated its merger agreement with Kroger following two court injunctions blocking the $24.6 billion deal due to antitrust concerns, and is now suing Kroger for breach of contract.

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40% Bias Score

Reduced Inequality
gr.euronews.com
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"Άνοδος τιμής χρυσού: Γεωπολιτικές εντάσεις και οικονομικές προσδοκίες"

"Η τιμή του χρυσού αυξήθηκε τις τελευταίες δύο ημέρες, φτάνοντας τα 2.737 δολάρια (2.603 ευρώ) ανά ουγγιά, λόγω γεωπολιτικών εντάσεων (πτώση καθεστώτος Assad), αυξημένης ζήτησης για καταφύγιο, ανανεωμένων αγορών από την Κίνα και προσδοκιών για μείωση επιτοκίων από κεντρικές τράπεζες."

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36% Bias Score

Reduced Inequality
gr.euronews.com
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SpaceX Valuation Hits \$350 Billion

SpaceX's valuation soared to \$350 billion after a secondary stock offering, making it the world's most valuable private startup; the company bought back up to \$1.25 billion of its shares, increasing the stock price by 65%.

Progress

52% Bias Score

Decent Work and Economic Growth
faz.net
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Thyssenkrupp to Close Kreuztal Plant, Threatening 500 Jobs and Regional Economy

Thyssenkrupp plans to close its Kreuztal Eichen steel plant, impacting 500 employees and potentially causing a domino effect across the Siegerland region, as part of a broader plan to cut 11,000 jobs by 2030, raising concerns about regional economic stability and Germany's steel industry's future.

Progress

44% Bias Score

Decent Work and Economic Growth
elpais.com
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Musk's Net Worth Surges Past \$400 Billion After Trump Victory

Elon Musk's net worth has exceeded \$400 billion following Donald Trump's election, driven by increased valuations of SpaceX (\$350 billion) and Tesla, alongside xAI's valuation doubling. This surge is partially attributed to Trump's appointment of a SpaceX customer as NASA administrator and potenti...

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56% Bias Score

Reduced Inequality
nbcnews.com
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Albertsons Sues Kroger After $25 Billion Merger Collapse

Albertsons terminated its $25 billion merger with Kroger, filing a lawsuit alleging Kroger violated the merger agreement by refusing to divest assets to obtain antitrust approval; a judge previously blocked the deal, and Albertsons seeks $600 million plus additional relief.

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40% Bias Score

Reduced Inequality
gr.euronews.com
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"Denmark to Implement World-First Carbon Tax on Livestock Farming in 2030"

"Denmark is set to introduce a world-first carbon tax on livestock farming in 2030, aiming to mitigate the sector's contribution to greenhouse gas emissions, which amounts to 11.4% of Europe's total, despite facing strong opposition from farmers who anticipate decreased competitiveness and a potenti...

Progress

44% Bias Score

Climate Action
gr.euronews.com
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EDF Raises Nuclear Power Generation Forecast for 2023

EDF predicts 358-364 TWh of nuclear energy production in 2023, a significant increase from the previous projection, driven by improved maintenance and a new reactor, despite regulatory challenges highlighted by CEO Luc Rémont.

Progress

32% Bias Score

Affordable and Clean Energy
lexpansion.lexpress.fr
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French Government Inaction Leads to 6.1% Budget Deficit

A French Senate report reveals government inaction from December 2023, leading to a 6.1% budget deficit in 2024 (vs. 4.4% projected), due to delayed responses and political considerations, highlighting internal notes warning of the critical situation.

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60% Bias Score

Reduced Inequality
lexpansion.lexpress.fr
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France's Soaring Borrowing Costs Signal Growing Economic and Political Risks

France's borrowing costs recently surpassed Greece's, highlighting growing investor concerns over its high and persistent deficits, exacerbated by political instability and a looming budget crisis. This situation raises the risk of a downgrade in France's credit rating and further economic turmoil.

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56% Bias Score

Reduced Inequality
nrc.nl
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Spain's New Immigration Law: Addressing Exploitation in Almería's Greenhouses

In Almería, Spain, thousands of undocumented immigrants work in greenhouses, facing exploitation; a new law aims to grant 900,000 undocumented immigrants legal residency by 2028, but challenges remain due to widespread informal employment practices.

Progress

44% Bias Score

Decent Work and Economic Growth