Tag #Financial Crisis

Showing 13 to 24 of 131 results

welt.de
🌐 75% Global Worthiness
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Hessen Cities Face Financial Crisis, Forcing Service Cuts

Hessen's cities face a severe financial crisis, forcing cutbacks in services like swimming pools, cultural programs, and potentially afternoon childcare, due to insufficient funding from the federal and state governments, impacting citizens significantly.

Progress

40% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 85% Global Worthiness
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German Health Insurers Demand Urgent Government Action to Address €6.23 Billion Deficit

Facing a €6.23 billion deficit, Germany's statutory health insurance funds (GKV) urge immediate government action, including an expenditure moratorium and federal funding for citizens receiving social benefits, criticizing the planned 2027 commission report as too slow.

Progress

60% Bias Score

Good Health and Well-being
dailymail.co.uk
🌐 85% Global Worthiness
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RBS Privatization: A 17-Year Recovery

In 2008, the Royal Bank of Scotland (RBS) received a £45 billion taxpayer bailout following a financial crisis triggered by its risky expansion and mismanagement; 17 years later, the UK government has fully sold its stake, marking a significant turning point but leaving taxpayers with over £10 billi...

Progress

56% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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NatWest Privatization Results in £10.5bn Loss for UK Taxpayers

The UK government has completed the sale of its remaining stake in NatWest, incurring a £10.5bn loss 17 years after a £46bn bailout, prompting debate about post-crisis banking regulations.

Progress

48% Bias Score

Reduced Inequality
lexpress.fr
🌐 85% Global Worthiness
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Rogoff Predicts US Cryptocurrency Crisis Under Trump Deregulation

Kenneth Rogoff, a Harvard professor and former IMF chief economist, predicts a US cryptocurrency financial crisis by the end of Donald Trump's presidency due to aggressive deregulation, highlighting the significant use of cryptocurrencies in illegal activities and the lack of regulatory oversight.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK to Lose £10 Billion on NatWest Bailout as Goodwin's Pension Soars

The UK government will lose almost £10 billion after selling its final NatWest stake, ending a 17-year recovery effort following a £45 billion 2008 bailout; meanwhile, former CEO Fred Goodwin receives an estimated £598,000 annual pension.

Progress

52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Dimon Predicts Bond Market Crack Due to US Debt

JPMorgan Chase CEO Jamie Dimon predicts a "bond market crack," a liquidity crisis in the bond market, potentially within six years, driven by unsustainable U.S. fiscal policies and a projected $36 trillion national debt by 2035.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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New World Development Shares Plunge After Bond Payment Deferral

Hong Kong's New World Development, controlled by the Cheng family, saw its shares fall nearly 6.5% after deferring interest payments on several bonds due to liquidity concerns stemming from HK$124.6 billion in debt and a net gearing ratio of 57.5%, despite recent efforts to improve sales and reduce ...

Progress

40% Bias Score

Reduced Inequality
news.sky.com
🌐 65% Global Worthiness
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WRU Cuts Grassroots Rugby Funding Amidst Financial Losses and National Team Struggles

The Welsh Rugby Union (WRU) cut funding for its grassroots rugby development program, impacting school-based rugby officers, due to a £7.5m loss and the national team's poor performance, causing concerns for the future of the sport in Wales and prompting local fundraising efforts.

Progress

40% Bias Score

Quality Education
bbc.com
🌐 85% Global Worthiness
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UK Government Completes Divestment From Royal Bank of Scotland

The UK government has fully divested from the Royal Bank of Scotland (RBS), selling its remaining shares 15 years after a £45.5 billion bailout that began in 2008 to prevent the collapse of the bank during the global financial crisis.

Progress

40% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Wegow's Insolvency Cripples Spanish Musicians

Wegow, a Spanish concert ticket platform, initiated insolvency proceedings, leaving numerous Spanish musical groups with unpaid ticket sales, ranging from €3,000 to €200,000, impacting their financial stability and forcing them to seek alternative solutions.

Progress

40% Bias Score

Decent Work and Economic Growth
liberation.fr
🌐 85% Global Worthiness
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French Social Security Faces €15.3 Billion Deficit, Risks Liquidity Crisis

France's social security system faces a €15.3 billion deficit in 2024, exceeding projections and potentially leading to a liquidity crisis due to increased healthcare spending and significant employer contribution reductions; reforms are urgently needed.

Progress

52% Bias Score

No Poverty

Showing 13 to 24 of 131 results