Tag #Financial Crisis

Showing 1 to 12 of 131 results

cbsnews.com
🌐 75% Global Worthiness
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Four Warning Signs Indicating Bankruptcy as the Best Debt Relief Option

Four clear signs signal the need for bankruptcy: using debt to pay other debts, spending over 50% of income on essentials, considering retirement account depletion, and facing foreclosure/repossession; bankruptcy offers legal debt relief and a fresh start.

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52% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Trump Policies, Climate Change Fuel Global Financial Instability

Donald Trump's policies destabilized US institutional quality, causing a global financial shift. Money flowed from long-term US debt to lower-quality European company bonds, potentially creating a junk bond bubble. Simultaneously, climate change unpredictability severely impacts the international in...

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48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Vancouver Art Gallery Cuts 30% of Staff and Programs Amidst Financial Crisis

Facing a $2.85 million deficit and $32.1 million in cumulative deficiencies, the Vancouver Art Gallery is cutting 30 percent of its staff and programs to balance its budget for the fiscal year starting July 1, impacting all departments and leading to the indefinite closure of its library and archive...

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48% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Pemex's \$20 Billion Debt Crisis Threatens Mexico's Oil Industry

Mexico's Pemex owes over \$20 billion to contractors and suppliers, resulting in 15,000 job losses, the suspension of 33 drilling rigs, and potential industry paralysis if not addressed promptly; the debt, accumulated over a year, impacts companies in Campeche, Tabasco, Veracruz, and Tamaulipas.

Progress

40% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 75% Global Worthiness
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AFP Announces €12-14 Million Cost-Cutting Program Amidst Revenue Decline

AFP, facing an €8 million shortfall in 2024 commercial revenue due to global economic uncertainty, pressure from authoritarian governments, and challenges in the digital media landscape, announced a €12-14 million cost-cutting program for 2025-2026.

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24% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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River Island's Financial Crisis Prompts Restructuring Plan

River Island, a British fashion retailer, reported a £33.2 million pre-tax loss and a 19% turnover drop in 2023, prompting a restructuring plan by PwC that may result in store closures and job losses within weeks.

Progress

44% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 90% Global Worthiness
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Climate Change: A $417 Billion Wake-Up Call for Global Finance

In 2024, climate-related disasters caused $417 billion in damages globally, with insured losses reaching $154 billion; this surge, following $100 billion in 2023 insured losses, has prompted insurers to reduce activity in vulnerable areas, while banks' continued fossil fuel financing creates a poten...

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40% Bias Score

Climate Action
foxnews.com
🌐 85% Global Worthiness
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UN Faces Backlash for Funding Anti-Israel Commission Amidst Budget Crisis

The UN's allocation of $530,000–$704,000 to four new senior-level positions within the controversial Commission of Inquiry on the Palestinian Territories, despite a severe budget crisis, has drawn sharp criticism for prioritizing anti-Israel sentiment over financial responsibility; critics cite the ...

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60% Bias Score

Peace, Justice, and Strong Institutions
cincodias.elpais.com
🌐 85% Global Worthiness
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Clean Energy Bubbles: A Recurring Pattern of Investor Over-Optimism

Fueled by investor optimism and government subsidies, the clean energy boom, similar to the 2008 crisis, imploded, resulting in massive losses and the failure of numerous startups due to unrealistic growth projections and market overvaluation.

Progress

64% Bias Score

Climate Action
bbc.com
🌐 65% Global Worthiness
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Mandaric to Attempt Sheffield Wednesday Buyout

Former Sheffield Wednesday owner Milan Mandaric will attempt to buy the club back next week from current chairman Dejphon Chansiri after the EFL imposed spending restrictions due to unpaid wages, citing Chansiri's high valuation as a potential obstacle.

Progress

48% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 85% Global Worthiness
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Global Debt Soars to \$100 Trillion, Raising Economic Concerns

Global debt has hit \$100 trillion, prompting the OECD to warn of difficult prospects as rising costs and risks limit future borrowing, driven by increased government spending and lack of central bank support.

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44% Bias Score

Reduced Inequality
nrc.nl
🌐 85% Global Worthiness
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Schroeder Foundation Bankruptcy Leaves Hundreds Jobless in The Hague

The bankruptcy of Stichting Schroeder in The Hague, a foundation running eight thrift stores and a social workplace serving nearly 300 people with disabilities, will lead to their closure next week, leaving hundreds without jobs or community support, despite a 6,500-signature petition.

Progress

52% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 131 results