Tag #Economy

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UK Government Takes Emergency Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after negotiations with the Chinese owner, Jingye Group, failed. The plant is the UK's last maker of virgin steel.

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52% Bias Score

Decent Work and Economic Growth
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Argentina Lifts Currency Controls After $20 Billion IMF Bailout

Argentine President Javier Milei announced the elimination of most capital and currency controls, allowing the peso to float freely within a range of 1,000-1,400 per dollar, effective April 14th, following a $20 billion IMF bailout deal—Argentina's 23rd—aimed at addressing persistent economic crises...

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40% Bias Score

Reduced Inequality
dw.com
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Economic Recessions: Causes, Impacts, and Potential Benefits

A recession, measured by a decrease in GDP, occurs after an economic peak, often triggered by external shocks or internal sector weaknesses, creating job losses and decreased consumer confidence; however, it can also stimulate innovation and efficiency improvements.

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24% Bias Score

Decent Work and Economic Growth
dw.com
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UK Government Takes Control of British Steel

The UK government assumed control of British Steel, the last primary steel producer in the UK, on April 12th, to prevent its closure by financially struggling Chinese owner Jingye Group, avoiding the UK becoming the only G7 nation without primary steel production and mitigating risks of national sho...

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40% Bias Score

Decent Work and Economic Growth
theguardian.com
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UK Voters Prioritize EU Trade Over US Deal Amidst Global Economic Uncertainty

A new poll shows 53% of UK voters want the government to focus on rebuilding trade ties with the EU rather than forging a new economic deal with the US, driven by concerns about global economic instability and the belief that stronger EU ties would boost UK/EU trade.

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52% Bias Score

Decent Work and Economic Growth
theguardian.com
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Scunthorpe Steelworks Faces Closure: Urgent Calls for Nationalization

The Scunthorpe steelworks, employing thousands and vital for national security, faces closure due to Chinese owner Jingye's reported daily \£700,000 losses, prompting calls for government nationalization to prevent 2,700 direct job losses and safeguard the steel industry.

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48% Bias Score

Decent Work and Economic Growth
zeit.de
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US Exempts Electronics from China Tariffs

The U.S. government exempted electronics, including smartphones, laptops, and semiconductors, from tariffs on Chinese imports, effective April 5th, to avoid price increases for consumers; President Trump continues to push for domestic production.

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48% Bias Score

Reduced Inequality
dw.com
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Oligui Nguema Favored in Gabonese Presidential Election Despite Coup

General Brice Clotaire Oligui Nguema is the frontrunner in Gabon's presidential election, despite seizing power in a coup, promising economic diversification amid high poverty and youth unemployment; his main rival is Alain Claude Bilie-By-Nze.

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48% Bias Score

No Poverty
dw.com
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UK Parliament Approves Emergency Bill to Save British Steel

The UK Parliament passed an emergency bill on April 12th, 2025, to prevent British Steel's closure, saving 3,500 jobs; the government may nationalize the company after negotiations with Chinese owner Jingye failed due to the company's daily losses of £700,000.

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48% Bias Score

Decent Work and Economic Growth
theguardian.com
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UK Announces Economic Stimulus Package Amidst Global Uncertainty

The UK government announced a plan to ease pressure on British car manufacturers, build a new theme park, and reopen Doncaster Airport, reporting a 0.5% economic growth, amidst global economic uncertainty and rising costs, aiming to improve living standards and support key industries.

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56% Bias Score

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dailymail.co.uk
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US Housing Market Slowdown Amidst Economic Uncertainty

Economic uncertainty, driven by recent tariff announcements and market volatility, is causing potential homebuyers to cancel contracts, leading to a slowdown in the US housing market; rising mortgage rates and fear of a recession are exacerbating the situation.

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52% Bias Score

Reduced Inequality
theguardian.com
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UK Government Intervenes to Rescue British Steel

The UK government will spend millions to rescue British Steel from collapse after its Chinese owner, Jingye, said it could not afford to keep the Scunthorpe plant open, prompting concerns about mass redundancies and the loss of the last remaining maker of mass-produced virgin steel in England.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 8,533 to 8,544 of 30,988 results