Tag #Financial Crisis

Showing 109 to 120 of 131 results

elpais.com
🌐 75% Global Worthiness
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Celsa's Ownership Shift and Debt Restructuring

After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.

Progress

40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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2024 Stock Market: Index Success Amidst Individual Stock Struggles

The 2024 stock market saw the S&P 500 rise almost 30%, reaching near 50 record highs, while individual stocks like Intel, Estée Lauder, Bayer, Boeing, and Nike experienced significant losses due to competition, market shifts, and internal challenges.

Progress

44% Bias Score

faz.net
🌐 75% Global Worthiness
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Baywa AG Announces Major Restructuring Amidst €6 Billion Debt and Bafin Investigation

Baywa AG, facing nearly €6 billion in debt and a record loss of €640 million in 2024, is restructuring with 40% administrative job cuts, 26 branch closures, asset sales, and a planned capital increase; the Bafin is investigating potential accounting irregularities.

Progress

56% Bias Score

lemonde.fr
🌐 75% Global Worthiness
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FWU Life Insurance Freezes Assets: Impact on French Savers and Luxembourg's Insurance Market

Due to a two-year financial struggle, Luxembourg-based FWU Life Insurance froze assets of over 34,000 French savers, raising concerns about the security of Luxembourgish life insurance; however, the Luxembourgish regulatory system aims to protect client assets.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Boeing to Slash 17,000 Jobs Amidst Crisis

Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.

Progress

24% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 45% Global Worthiness
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Oakland's Financial Crisis: Report of Potential Bankruptcy Released, Then Withdrawn

A report warning of Oakland's potential bankruptcy was mysteriously released and then quickly retracted by city officials, highlighting the city's severe financial crisis.

Progress

28% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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"Pope Francis Unveils New Electric Popemobile: A Gift from Mercedes-Benz"

"Pope Francis received a custom electric Mercedes-Benz G-Class, equipped with comfort features and designed for low speeds, as a gift from the company; this reflects the Pope's commitment to environmentalism and is part of a broader global trend towards electric vehicles."

Progress

40% Bias Score

Climate Action
dw.com
🌐 85% Global Worthiness
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France's Rising Deficit and Economic Uncertainty

France faces a rising budget deficit (over 6% of GDP) despite economic growth, prompting a plan to reduce it by 2029; however, business investment is declining, bankruptcies are rising, and political instability threatens the country's economic future.

Progress

52% Bias Score

sueddeutsche.de
🌐 75% Global Worthiness
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Baywa AG Announces Restructuring Plan to Address €5 Billion Debt

Baywa AG, facing a €5 billion debt and €640 million loss in 2023, announced a restructuring plan involving 40% job cuts at its Munich headquarters and the sale of international assets to secure €1 billion in funding and return to profitability by 2027.

Progress

60% Bias Score

lemonde.fr
🌐 65% Global Worthiness
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German Insurer Faces Liquidation, Affecting French Savers

A German life insurer, FWU Life Insurance Lux SA, faces potential liquidation, leaving thousands of French savers in uncertainty.

Progress

40% Bias Score

welt.de
🌐 65% Global Worthiness
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Northvolt's German Battery Factory Faces Financial Headwinds

Northvolt's battery factory in Germany faces financial challenges despite significant funding from the EU and German government.

Progress

24% Bias Score

Industry, Innovation, and Infrastructure
cnn.com
🌐 75% Global Worthiness
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Spirit Airlines Files for Bankruptcy

Spirit Airlines files for bankruptcy protection, facing mounting losses and failed merger attempts.

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 109 to 120 of 131 results