Tag #Economy

kathimerini.gr
🌐 85% Global Worthiness
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Bank of Japan Raises Interest Rates, Breaking with Global Trend

The Bank of Japan raised its key interest rate to 0.5% on Friday, bucking the trend of other major central banks, driven by sustained inflation and rising wages that reached levels last seen in the early 1990s, before Japan's "lost decades".

Progress

36% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 85% Global Worthiness
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French Ministers Urge EU to Adjust Auto CO2 Emission Standards

Three French ministers—of Ecological Transition, Industry, and Europe—are urging the European Commission to adjust its CO2 emission standards for automakers, warning that current regulations risk €15 billion in penalties in 2025 and harming the European automotive industry.

Progress

56% Bias Score

Climate Action
china.org.cn
🌐 85% Global Worthiness
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China's Rise in Global Innovation: Beijing, Shanghai, and Hong Kong Among Top 10

A new report ranks Beijing, Shanghai, and Hong Kong among the world's top 10 innovation cities, highlighting China's growing technological influence; the assessment, by the Shenzhen International Science and Technology Information Center, Tsinghua University, and Elsevier, evaluated 30 cities based ...

Progress

32% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 85% Global Worthiness
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UK Farm Inheritance Tax Faces Backlash Amidst Food Security Concerns

The UK government's new inheritance tax on farms worth over £1 million is facing strong opposition from farmers and major food retailers due to concerns about food security and the tax's potential impact on family farms. The OBR questions the Treasury's revenue projections, while experts suggest the...

Progress

60% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Gloria Jeans Closes Rostov Factories, Laying Off 2,000 Workers

Gloria Jeans, Russia's largest clothing producer, is shutting down its Rostov region factories, impacting over 2,000 employees by March 31st, due to outdated technology, rising costs, and competition from cheaper Asian suppliers, triggering a search for new investors by the regional government.

Progress

48% Bias Score

Decent Work and Economic Growth
chinadaily.com.cn
🌐 85% Global Worthiness
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China's Electricity Consumption Surges on Green Tech Boom

China's electricity consumption rose by 6.8 percent in 2024 to 9.85 trillion kWh, driven by high-tech manufacturing (10.3 percent increase) and electric vehicles (34.3 percent increase), reflecting a national shift towards green technologies and industrial transformation; renewable energy capacity s...

Progress

48% Bias Score

Affordable and Clean Energy
theguardian.com
🌐 85% Global Worthiness
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Fairtrade to Tackle Exploitation in UK Supply Chains

Fairtrade's new chief, Eleanor Harrison, plans to expand the organization's ethical standards to UK factories and farms, addressing concerns over worker exploitation and leveraging its success in international markets, where sales rose by more than 5% in 2023, despite economic challenges.

Progress

36% Bias Score

Decent Work and Economic Growth
french.china.org.cn
🌐 85% Global Worthiness
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Davos 2025: WEF Calls for Global Cooperation Amidst Uncertainty

The 2025 World Economic Forum (WEF) annual meeting in Davos, Switzerland, concluded with a call for increased global cooperation to address economic instability, geopolitical conflicts, and rapid technological progress, as emphasized by WEF President Borge Brende and IMF Director Kristalina Georgiev...

Progress

44% Bias Score

Partnerships for the Goals
theglobeandmail.com
🌐 85% Global Worthiness
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Social Media Investment Advice Leads to \$20,000 Loss for UK Investor

Amy Ryan, a 43-year-old from Wales, lost approximately \$20,000 after following investment advice from finance influencer Kevin Paffrath, highlighting the risks of relying on social media for financial guidance; the FTC reported nearly \$350 million in related fraud in the first half of 2023, emphas...

Progress

40% Bias Score

Reduced Inequality
corriere.it
🌐 85% Global Worthiness
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MPS Bids for Mediobanca, Reshaping Italy's Financial Landscape

Monte dei Paschi di Siena (MPS) made a public exchange offer for Mediobanca, impacting Generali, involving government participation, and prompting various stakeholders' reactions and regulatory review.

Progress

44% Bias Score

Reduced Inequality
kathimerini.gr
🌐 85% Global Worthiness
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Greece Opens Tender for Hydrocarbon Exploration Rights

Greece launched a tender for hydrocarbon exploration rights in the marine area south of Peloponnese, attracting bids from Chevron and HELLENiQ ENERGY; the process includes a 90-day public announcement, rigorous evaluation by EDEYEP, and final contract approval by the Parliament.

Progress

44% Bias Score

Affordable and Clean Energy
theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Election Triggers Sharp Drop in Orsted's Share Price

Orsted, a Danish energy company, experienced a 15 percent share price drop following Donald Trump's election, due to his anti-renewable energy policies, resulting in billions of dollars in write-downs and project cancellations in the U.S. and impacting the global renewable energy sector.

Progress

48% Bias Score

Climate Action