Tag #Economy

elpais.com
🌐 75% Global Worthiness
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Colombia Averts Blackout, But Financial Crisis Looms in Energy Sector

Delayed rains have increased Colombia's reservoir levels, decreasing the immediate risk of a widespread blackout; however, a 7 trillion peso (US \$1.7 billion) government debt in energy subsidies, coupled with insufficient infrastructure, poses a significant long-term threat to energy security.

Progress

44% Bias Score

elpais.com
🌐 75% Global Worthiness
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Barcelona Airbnb Fraud: 50 Homeowners Defrauded for €600,000

In Barcelona, a criminal organization defrauded approximately 50 homeowners by illegally converting their rental apartments into touristic accommodations listed on Airbnb, generating around €600,000 in profits between 2017 and 2020, using falsified documents and intimidation.

Progress

40% Bias Score

kathimerini.gr
🌐 75% Global Worthiness
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Greece: Parliament Poised for Major Clash over Budget and Tax Laws

A major political clash is expected in the Greek Parliament in December between Prime Minister Kyriakos Mitsotakis and PASOK leader Nikos Androulakis over the budget, tax laws, and minimum wage, with PASOK proposing VAT reduction, benefits for nurses, and measures to address high rents and bank wind...

Progress

48% Bias Score

theglobeandmail.com
🌐 65% Global Worthiness
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Goodfood Market Corp. Reports Lower Q4 Sales Despite Increased ARPU

Goodfood Market Corp. reported an 8.5% decrease in fourth-quarter revenue to $34.1 million, driven by a 4,000-customer drop to 101,000, despite a 5% increase in average revenue per user to $337; the company acquired Genuine Tea to diversify.

Progress

24% Bias Score

welt.de
🌐 65% Global Worthiness
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DAV Recommends Stable 1% Interest Rate for German Life Insurance in 2026

The German Actuarial Association recommends maintaining the maximum calculation interest rate for life insurance at 1% in 2026, ending years of decline and signaling improved returns for both insurers and customers, based on stable economic projections.

Progress

40% Bias Score

Reduced Inequality
themarker.com
🌐 65% Global Worthiness
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Remote Claw Crane Startup Juggernaut Files for Bankruptcy

Juggernaut, a startup that let users play claw crane machines remotely via an app, filed for bankruptcy due to high customer acquisition costs, app store fees, and prize payouts, highlighting challenges in blending physical and digital gaming.

Progress

44% Bias Score

t24.com.tr
🌐 75% Global Worthiness
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Sophisticated Counterfeit $50 Bills Halt USD Purchases in Turkey

The Turkish Central Bank (TCMB) revealed a report on counterfeit $50 bills, noting sophisticated techniques like mimicking magnetic properties and laser-printed serial numbers, causing banks to temporarily halt USD purchases; 232 counterfeit bills were identified.

Progress

32% Bias Score

Reduced Inequality
china.org.cn
🌐 75% Global Worthiness
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AmCham China Launches 2025 Navigator Program, Emphasizing U.S.-China Supply Chain Cooperation

AmCham China held a supply chain seminar in Beijing on November 26, 2024, launching its 2025 Navigator Program to develop future leaders in U.S.-China manufacturing and supply chain operations, with participation from Fortune 500 companies and industry experts.

Progress

44% Bias Score

kathimerini.gr
🌐 75% Global Worthiness
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Eastern European Central Banks Boost Gold Reserves Amidst Geopolitical Uncertainty

Facing geopolitical instability from the war in Ukraine and potential trade wars, Eastern European central banks are significantly increasing gold reserves, with Poland making the most global purchases in Q2 2023, reaching 420 tons, and the Czech Republic aiming to double its reserves to 100 tons wi...

Progress

48% Bias Score

sueddeutsche.de
🌐 65% Global Worthiness
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Saving Money on Christmas in Germany: Practical Tips and Strategies

To combat rising Christmas costs, Germans can save money by using price comparison websites, buying used items, making their own advent calendars, utilizing food-saving apps, and employing flexible travel strategies; early booking is key for travel.

Progress

32% Bias Score

kathimerini.gr
🌐 65% Global Worthiness
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Ellinikon Mall Project Nears Contractor Selection, Total Cost Exceeds €1 Billion

Greece's Ellinikon Mall project, with an estimated cost of €600-650 million (excluding infrastructure and financing), is nearing contractor selection; Lamda Malls will contribute €275 million, with bank loans covering the rest; the total cost for both Ellinikon and Riviera Galleria malls exceeds €1 ...

Progress

0% Bias Score

smh.com.au
🌐 65% Global Worthiness
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Swan Appears Before Senate, Apologizes for Cbus Payment Delays

Wayne Swan, chairman of Cbus, appeared before a Senate committee investigating Australia's retirement system on Friday after initially attempting to avoid the hearing; he apologized for delayed member payments totaling $20 million, with 80% of cases now resolved.

Progress

48% Bias Score

Reduced Inequality