Tag #Economy

lemonde.fr
🌐 75% Global Worthiness
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Tariquet Wine Producer Files for Bankruptcy Protection Amidst Multiple Challenges

Tariquet, a major Gascon wine producer, filed for bankruptcy protection on January 20th due to a combination of the Covid-19 pandemic, increased production costs, shifting customs policies, extreme weather, and possibly overpricing, resulting in a sales drop from 8 million bottles in 2021 to 5.5 mil...

Progress

36% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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German Economy Stagnates Amidst Policy Uncertainty and High Costs

Germany's GDP fell 0.2% in 2024 and 0.3% in 2023 due to high energy costs, a shortage of skilled workers, high taxes, and uncertainty surrounding the new heating law, prompting concerns about the nation's economic future.

Progress

52% Bias Score

Decent Work and Economic Growth
lexpansion.lexpress.fr
🌐 75% Global Worthiness
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French Property Tax Errors Cost €1.3 Billion

Errors in France's 2023 property tax collection, primarily due to issues with the "Gérer mes biens immobiliers" application, cost the state €1.3 billion—34% of the revenue from the affected taxes—due to taxpayer confusion and application flaws.

Progress

8% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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Global BEV Sales Rise 14.3% in 2024, but German Market Contracts Sharply

Global sales of battery electric vehicles (BEVs) reached over 10.4 million units in 2024, a 14.3% increase from 2023, led by China (6.7 million units), while Germany's market contracted by 27% due to the end of purchase incentives, dropping to fourth place behind the UK.

Progress

44% Bias Score

Climate Action
forbes.com
🌐 75% Global Worthiness
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P&G Q2 Beats Expectations; Stock Up 5%, but Long-Term Outlook Uncertain

Procter & Gamble's Q2 fiscal 2025 results exceeded expectations, with $21.9 billion in revenue and $1.88 adjusted EPS, boosting the stock price by 5% despite inconsistent past performance and challenges like falling Chinese sales.

Progress

36% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 75% Global Worthiness
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Kohl's New CEO Inherits Struggling Retail Giant

Kohl's new CEO, Ashley Buchanan, inherits a struggling department store chain with declining sales and stock value due to previous executive decisions that alienated customers. The company is facing challenges from online competition, high inflation, and the lingering effects of the COVID-19 pandemi...

Progress

44% Bias Score

Decent Work and Economic Growth
lexpansion.lexpress.fr
🌐 75% Global Worthiness
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EU Green Policies: Billions in Carbon Credits to China, Economic and Social Unrest

European carmakers might pay billions to Chinese electric vehicle companies in carbon credits due to EU regulations, illustrating a conflict between environmental goals and economic competitiveness, potentially worsening social unrest.

Progress

60% Bias Score

Climate Action
spanish.china.org.cn
🌐 75% Global Worthiness
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Harbin Cracks Down on Mislabeled "Russian" Goods

Harbin, China, launched a campaign in response to public concern about domestic goods being falsely marketed as Russian products; inspections have found 85 violations, including mislabeling and insufficient documentation.

Progress

32% Bias Score

Responsible Consumption and Production
smh.com.au
🌐 75% Global Worthiness
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Australian Casinos Face Renewed Scrutiny Amidst Concerns Over Criminal Links

The Star Entertainment Group's casinos face reputational damage from links to organized crime; Queensland's refusal to release a probity report on a major partner raises concerns about transparency and oversight.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Working From Home Criticism Sparks Anger

Former M&S and Asda boss Lord Rose's criticism of working from home as unproductive sparked anger, with over 350 people contacting the BBC to share their experiences of increased productivity and improved well-being while working remotely; data shows 25% of British adults are now hybrid workers and ...

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Savings Rates Surge Amidst Economic Headwinds

Current economic conditions in the UK are driving up interest rates on savings accounts, offering savers rates as high as 5% on easy-access accounts and 4.8% on five-year bonds, prompting a need to review personal finances before the 31 January tax return deadline.

Progress

48% Bias Score

Reduced Inequality
lefigaro.fr
🌐 75% Global Worthiness
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\"French Unemployment Surges, Reaching 3.1 Million in Category A at Year's End\"\

France's unemployment rose sharply at the end of 2024, with 3,138,200 in category A and 5,495,100 in categories A, B, and C, increases of 3.9% and 1.7% respectively over the quarter. Youth unemployment increased most significantly, indicating a potential economic downturn. The Insee projects unemplo...

Progress

48% Bias Score

Decent Work and Economic Growth