Tag #Economy

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Collapse of Assad's Captagon Empire Leaves Syria in Economic Ruin and Opens Doors for Other Criminal Networks

The fall of Bashar al-Assad's regime in Syria ends a massive Captagon drug empire that generated an estimated €5-10 billion annually, with Assad allegedly earning €2.3 billion yearly. The new regime faces challenges in dismantling the drug trade, while other criminal organizations, including those i...

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48% Bias Score

No Poverty
cnbc.com
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Biden Withdraws Student Loan Forgiveness Plans

The Biden administration withdrew two major student loan forgiveness plans on Friday, citing operational challenges, weeks before the Trump administration takes office, leaving millions of borrowers without debt relief.

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44% Bias Score

Reduced Inequality
cnbc.com
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U.S. Job Market Shifts from "Great Resignation" to "Great Stay

The U.S. job market has transitioned from the "Great Resignation" to the "Great Stay," with low hiring, quits, and layoffs, primarily due to employer reluctance to lay off workers and reduced hiring stemming from the Federal Reserve's interest rate hikes to curb inflation.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
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Uber's Southeast Asia Failure: A Cautionary Tale for Western Businesses

Uber's failed Southeast Asian expansion, due to its Western-centric "plug-and-play" model, resulted in a 27.5% stake sale to Grab, highlighting the need for localization in global business.

Progress

44% Bias Score

Reduced Inequality
forbes.com
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Amazon Autos Disrupts Car Buying, Targeting $20.8B Advertising Market

Amazon's new car-buying platform, Amazon Autos, partners with Hyundai to sell new vehicles online in 48 major U.S. cities, handling financing and paperwork digitally and offering a personalized advertising experience.

Progress

60% Bias Score

Reduced Inequality
cnbc.com
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Bank of America Bullish on Semiconductors Despite Predicted Shift in 2025

Bank of America forecasts 15% growth in semiconductor sales to $725 billion in 2025, driven by AI investments and strong memory sales, but predicts a shift in investor interest towards less-crowded sectors in the second half of the year, with China export restrictions posing a short-term risk.

Progress

48% Bias Score

Decent Work and Economic Growth
nos.nl
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3FM Serious Request Raises €7.7 Million in Zwolle

The 2023 3FM Serious Request in Zwolle raised €7,703,855 for Metakids, exceeding last year's total, due to a successful festival-style format with daily performances from over 30 artists, attracting large crowds and impacting attendance.

Progress

48% Bias Score

Good Health and Well-being
smh.com.au
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Billionaire Faces Charges in Sydney Asbestos-in-Mulch Crisis

Billionaire Arnold Vitocco, director of VE Resource Recovery, faces 102 charges from the NSW EPA for asbestos contamination in mulch supplied from Greenlife Resource Recovery Facility, impacting 79 Sydney sites and prompting the largest EPA investigation in history.

Progress

40% Bias Score

Good Health and Well-being
forbes.com
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Trump Appointees' Conflicts of Interest Pose Unprecedented Risks

The incoming Trump administration faces unprecedented conflicts of interest due to appointees' deep ties to defense contractors and Silicon Valley firms, raising concerns about favoritism in contracts and policy, and potentially undermining government efficiency and transparency.

Progress

56% Bias Score

Peace, Justice, and Strong Institutions
cnbc.com
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Apple's Record Highs: iPhone Dependence and Future Growth

Apple's stock surged 32% in 2024, fueled by its AI system and strong earnings, but faces challenges in China and needs to diversify beyond iPhone sales to maintain its high valuation in 2025.

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Pharmaceutical Industry Faces 2025 Inflection Point Amidst Global Cost Pressures

Global pharmaceutical manufacturers face increasing pressure to lower drug prices in 2025 due to government regulations (e.g., the Inflation Reduction Act), payer consolidation, and consumer cost concerns; requiring manufacturers to prioritize long-term value, evidence-based decision-making, and str...

Progress

44% Bias Score

Good Health and Well-being
cnbc.com
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CFPB Sues Walmart, Branch Over Alleged Exploitation of Gig Workers

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and Branch, alleging they forced over one million delivery drivers into using Branch bank accounts, resulting in more than \$10 million in fees since 2021. Walmart and Branch dispute the allegations.

Progress

40% Bias Score

Decent Work and Economic Growth