Tag #Economy

abcnews.go.com
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"Milei's Year in Office: Mixed Economic Results for Argentina"

"After one year in office, Argentine President Javier Milei's austerity measures have produced mixed results: monthly inflation fell to 2.7% in October, but poverty soared to 52.9%, and a tax amnesty generated $19 billion in new bank deposits. High annual inflation (193%) and the risk of a strong pe...

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52% Bias Score

No Poverty
tr.euronews.com
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\"Çin Verileriyle Petrol Fiyatlarında Düşüş\"

\"Çin'in zayıf ekonomik verilerinin ardından Salı günü ham petrol fiyatları düştü; Brent 71,9 dolara, WTI ise 68,06 dolara geriledi. Küresel ekonomik yavaşlama ve Çin'deki zayıf talep, petrol piyasalarındaki düşüşü etkiliyor.\"

Progress

32% Bias Score

Affordable and Clean Energy
theglobeandmail.com
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BIS warns of looming government debt crisis

The Bank for International Settlements (BIS) warns of a looming government debt crisis, urging immediate action from policymakers to prevent financial market destabilization and economic damage; rising U.S. and UK debt, coupled with political uncertainty, fuels concerns.

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44% Bias Score

Reduced Inequality
zeit.de
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IG Metall Demands €600 Billion for German Industry

Germany's IG Metall union is demanding €600 billion in public infrastructure investment, a wealth tax, and industrial aid to secure eight million jobs and modernize the industrial sector, planning a March action day to emphasize its demands.

Progress

36% Bias Score

dw.com
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"Syria's Economy Plummets 85% Amidst Ongoing Conflict and Sanctions"

"Syria's economy has shrunk by 85% to \$9 billion due to 14 years of conflict, sanctions, and displacement of over 6 million people, leaving over half the population in extreme poverty and raising concerns about long-term reconstruction."

Progress

52% Bias Score

No Poverty
repubblica.it
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Wall Street's Structured Finance Surges to \$380 Billion

Wall Street's structured finance transactions hit \$380 billion in 2024, exceeding the 2007 pre-crisis peak, driven by investor demand for high returns despite increased risks, particularly in consumer credit and unconventional asset-backed products.

Progress

40% Bias Score

Reduced Inequality
edition.cnn.com
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"Argentina's Milei: Budget Cuts Yield Mixed Economic Results"

"President Javier Milei's budget cuts in Argentina have reduced inflation and improved the fiscal situation, but also caused a deeper recession, rising poverty (over 50%), and increased unemployment, despite some positive economic indicators and investor confidence."

Progress

28% Bias Score

No Poverty
faz.net
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EZB to Cut Interest Rates by 0.25 Percentage Points in December

The European Central Bank is expected to cut interest rates by 0.25 percentage points in December, down from near-certain expectations of a 0.5 percentage point increase in early October. This follows statements from ECB officials and a change in market sentiment.

Progress

40% Bias Score

Reduced Inequality
welt.de
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Fuest Demands Economic Policy Shift in Germany

Ifo President Clemens Fuest calls for a fundamental shift in German economic policy to address geopolitical risks, climate change, and economic stagnation, proposing increased investments in key sectors, labor market adjustments, and tax reforms.

Progress

40% Bias Score

Decent Work and Economic Growth
dw.com
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"Northvolt Bankruptcy Jeopardizes Germany's 600 Million Euro Battery Investment"

"Germany faces a setback in its electric vehicle strategy as Swedish battery producer Northvolt, which received 600 million euros in German funding for a planned factory in Heide, Schleswig-Holstein, declared bankruptcy in December 2024, raising questions about the government's investment strategy a...

Progress

60% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
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GM Threatens to Demolish Detroit Skyscraper Over $250m Subsidy Demand

General Motors is threatening to demolish Detroit's tallest building, the RenCen, if it doesn't receive a $250 million taxpayer subsidy for renovations, a move drawing accusations of "extortion" amid the automaker's recent $9.9 billion profit and substantial existing government support.

Progress

60% Bias Score

Sustainable Cities and Communities
t24.com.tr
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"Erdoğan Vows to Combat Terrorism in Syria, Addresses Turkey's Economic Challenges"

"Turkish President Erdoğan declared a determined fight against terrorist organizations in Syria while acknowledging economic challenges and promising key decisions on minimum wage and pensions to support low-income citizens."

Progress

52% Bias Score

Peace, Justice, and Strong Institutions