Tag #Economy

faz.net
🌐 85% Global Worthiness
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Messika's meteoric rise in the luxury jewelry market

Valérie Messika, a Parisian jewelry designer, has built a global luxury brand in two decades, leveraging celebrity collaborations (Beyoncé, Gigi Hadid) and strategic online and retail expansion; currently, her brand is sold in over 600 locations worldwide.

Progress

12% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Omnicom to Acquire Interpublic, Forming World's Largest Ad Agency

Omnicom Group is acquiring Interpublic Group for $13.25 billion in an all-stock deal, creating the world's largest advertising agency to better compete with Big Tech and AI.

Progress

32% Bias Score

Industry, Innovation, and Infrastructure
theglobeandmail.com
🌐 85% Global Worthiness
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G10 Central Banks' Rate Decisions to Trigger Heightened FX Volatility

In December 2024, almost every G10 central bank will announce interest rate decisions within 10 days, creating heightened FX market volatility due to uncertainties around US trade policy and geopolitical tensions, and potentially impacting investors' strategies.

Progress

56% Bias Score

Reduced Inequality
zeit.de
🌐 85% Global Worthiness
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Fuest Calls for Radical Shift in German Economic Policy

Ifo President Clemens Fuest calls for a German economic policy shift, prioritizing investments in defense, education, climate protection, and infrastructure while reducing social transfers and subsidies; he suggests longer working hours, increased immigration, market-based climate solutions, and nuc...

Progress

36% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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UK Housing Crisis: Only Richest 10% Can Afford Average English Home

Official figures reveal that in England, only the wealthiest 10% of households can afford the average house price of £298,000, requiring 8.6 years of average income, compared to a ratio almost half that size in 1999, exposing a severe housing affordability crisis across the UK.

Progress

56% Bias Score

Reduced Inequality
china.org.cn
🌐 85% Global Worthiness
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China Pledges Increased International Economic Cooperation

Chinese Premier Li Qiang on Monday pledged increased Chinese commitment to multilateralism and international economic cooperation to address global economic uncertainty, emphasizing China's sustained economic growth as a positive contribution to the world economy.

Progress

16% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Lundin Mining Sells European Mines for US$1.52 Billion

Lundin Mining Corp. is selling its Zinkgruvan and Neves-Corvo mines to Boliden AB for up to US$1.52 billion, eliminating its net debt and enabling funding for South American copper projects, subject to regulatory approvals.

Progress

8% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Nvidia Under Investigation Amid US-China Chip War

Nvidia is under investigation for potentially violating conditions of its 2019 Mellanox acquisition by supplying China with less advanced chips, amid escalating US-China chip export restrictions and counter-restrictions, impacting global supply chains and technological competition.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
dw.com
🌐 85% Global Worthiness
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Schengen Integration: Romania and Bulgaria to Reap Economic Rewards After Years of Delay

After a two-year Austrian blockage, Romania and Bulgaria will fully join the Schengen Area in early 2025, eliminating border controls and unlocking significant economic benefits projected at 0.7% GDP growth for Romania and up to 1% for Bulgaria; however, the delay caused billions of euros in losses ...

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Court Ruling on Car Loan Commissions Sparks £30bn Compensation Crisis

A UK court ruling declared undisclosed dealer commission on car loans illegal, prompting mass claims and potentially costing lenders up to £30bn in compensation, while claims management companies and law firms stand to profit immensely.

Progress

40% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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EU Fishing Proposal Sparks Outrage Among Spanish Fishermen

The European Commission's proposed 66% reduction in Mediterranean fishing days, impacting Spain most severely with a 79% cut to 27 days annually, sparked protests from Spanish fishermen who deem it unsustainable and threaten their livelihoods, causing economic ripple effects.

Progress

64% Bias Score

Life Below Water
china.org.cn
🌐 85% Global Worthiness
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Hong Kong Opens Largest AI Supercomputing Center to Boost I&T Hub Ambitions

Hong Kong launched its largest AI supercomputing center on December 9th, 2024, providing 3,000 petaFLOPS of computing power to support its I&T hub ambitions, addressing a key challenge in attracting and retaining talent, and aiming to boost manufacturing's GDP contribution to 5 percent by 2030.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure