Tag #Economy

nrc.nl
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Tata Steel Faces Financial Crisis Amidst European Steel Industry Downturn

Tata Steel in IJmuiden faces a financial crisis, seeking \n60 million euros in cost cuts amid cheap Chinese steel imports and delayed government funding for green transition, jeopardizing jobs and climate goals.

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48% Bias Score

Climate Action
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Pledges Proactive Fiscal, Loose Monetary Policies for 2025 Economic Boost

China's top policymakers pledged a more proactive fiscal policy and a moderately loose monetary policy for 2025 to boost economic recovery, stabilize growth, and improve living standards, as announced following a key Politburo meeting.

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4% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
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US Solar Tariffs to Hike Costs, Squeeze Profits

The US plans to impose anti-dumping tariffs of up to 271% on solar products from four Southeast Asian countries, potentially raising costs for US companies, impacting Southeast Asian exports, and prompting Chinese solar companies to seek new production sites, despite US efforts to boost domestic pro...

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40% Bias Score

smh.com.au
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CEO Murder Highlights Public Anger at Predatory Health Insurance Practices

The murder of UnitedHealthcare CEO Brian Thompson sparked public glee rather than horror, highlighting widespread anger towards the company's predatory practices and the broader issue of corporate greed harming vulnerable populations. The alleged murderer, Luigi Mangione, has garnered sympathy.

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56% Bias Score

Reduced Inequality
abcnews.go.com
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US Development Agency Celebrates 5 Years, Highlights Angola Rail Project

The US International Development Finance Corporation (DFC) celebrated its fifth anniversary, highlighting its $50 billion portfolio and a new $553 million loan for an Angola rail project to counter China's global infrastructure investments and secure critical mineral supply chains.

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52% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Russia's Airspace Closure Cripples European Airlines' Flights to China

The closure of Russian airspace to European airlines due to the war in Ukraine has led to longer, more expensive flights, resulting in several European airlines canceling routes to China while Chinese airlines expand their presence.

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64% Bias Score

usa.chinadaily.com.cn
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China-Nepal BRI Cooperation to Boost Nepal's Infrastructure and Economic Development

Nepal and China signed a memorandum of understanding to advance Belt and Road Initiative projects, aiming to improve Nepal's infrastructure and attract Chinese investment in energy, IT, and hospitality, potentially transforming Nepal's economic status and regional connectivity.

Progress

56% Bias Score

No Poverty
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China Unveils 10 Trillion Yuan Debt Relief Package

China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...

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48% Bias Score

Reduced Inequality
usa.chinadaily.com.cn
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"China Pledges Economic Cooperation Amidst Rising Global Protectionism"

"Chinese Premier Li Qiang pledged increased international economic cooperation and domestic stimulus to counter rising global protectionism, during a meeting in Beijing with heads of 10 major international economic organizations on Monday."

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44% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
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China Launches Unprecedented 10-Trillion-Yuan Debt Management Initiative

China launched a 10-trillion-yuan debt management initiative to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028 through special bonds, relaxed restrictions on special-purpose bonds, and continued repayment of existing debts...

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48% Bias Score

Reduced Inequality
abcnews.go.com
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Trudeau warns of price hikes from Trump's threatened tariffs

Canadian Prime Minister Justin Trudeau warned that President-elect Trump's threatened 25% tariffs on Canadian goods would raise prices for American consumers, and vowed to retaliate with targeted tariffs impacting politically sensitive US products.

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44% Bias Score

No Poverty
dailymail.co.uk
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RBA Holds Interest Rates Amid Inflation Concerns

The Reserve Bank of Australia (RBA) kept the cash rate at 4.35 percent on December 18, 2024, citing persistent underlying inflation of 3.5 percent as the reason, despite headline inflation falling to 2.8 percent and slower economic growth; this decision impacts Australian borrowers and contrasts wit...

Progress

48% Bias Score

Reduced Inequality