Tag #Financial Crisis

nytimes.com
🌐 85% Global Worthiness
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Barcelona's Financial Crisis: Registration Problems Threaten Club's Future

Barcelona's financial woes prevent the registration of new signings Dani Olmo and Pau Victor, causing a crisis where even senior players express reservations about joining; the club faces possible legal battles and reputational damage.

Progress

64% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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German Government's Meyer Werft Bailout Based on Incomplete Assessment

In 2022, Germany's Lower Saxony state and the federal government purchased 40% stakes each in the financially troubled Meyer Werft shipyard, guaranteeing €2.6 billion in loans based on initial viability assessments that did not account for cost overruns on new projects, including converter platforms...

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UK Virtual IVF Clinic Apricity Fertility Closes, Leaving Hundreds of Patients in Limbo

Hundreds of couples in the UK are affected by the sudden closure of Apricity Fertility, a virtual IVF clinic, leaving patients with delayed treatments, potential financial burdens, and uncertainty regarding stored embryos.

Progress

52% Bias Score

Good Health and Well-being
elpais.com
🌐 75% Global Worthiness
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FC Barcelona's Olmo Registration Failure Exposes Deep Financial Crisis

FC Barcelona president Joan Laporta's failure to register new signing Dani Olmo with La Liga due to financial constraints has caused significant reputational damage to the club, highlighting deeper issues of mismanagement and broken promises, impacting the team's competitiveness and the club's socia...

Progress

60% Bias Score

Reduced Inequality
t24.com.tr
🌐 65% Global Worthiness
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Turkish Mayor Stages Self-imposed House Arrest to Protest Unpaid Social Security Debts

The mayor of Ereğli Municipality, Umut Akpınar, announced a self-imposed house arrest to protest blocked bank accounts due to 40 million Turkish Lira in unpaid social security debts from the previous administration, hindering service provision.

Progress

40% Bias Score

Reduced Inequality
china.org.cn
🌐 85% Global Worthiness
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Lebanon Grapples with Triple Crisis Amidst Ceasefire and Impending Presidential Election

Lebanon faces multiple crises in 2024: a devastating Hezbollah-Israel conflict (Oct. 8, 2023-Dec. 2024) resulting in over 4,000 deaths and \$8.5 billion in damages; a prolonged financial collapse since 2019 with 44 percent of the population in poverty; and an ongoing presidential vacuum since Octobe...

Progress

48% Bias Score

No Poverty
taz.de
🌐 85% Global Worthiness
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\"German Corporate Insolvencies Reach 2009 Crisis Levels\"

\"In 2024, Germany saw approximately 121,300 corporate insolvencies, a 10.6% rise from 2023, matching 2009 levels; factors include pandemic after-effects and increased interest rates, though many companies restructure rather than close.\

Progress

40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 90% Global Worthiness
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Jeju Air Crash Exposes Operational Risks, Jeopardizing Airline's Future

The December 29th crash of Jeju Air Flight 7C2216, killing 179, triggered government raids, a CEO travel ban, passenger cancellations, and a 10 percent stock drop, jeopardizing the airline's already precarious financial state amid increased competition from a merged Korean AiAsiana.

Progress

48% Bias Score

No Poverty
nrc.nl
🌐 75% Global Worthiness
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Ebusco Cuts Jobs Amidst Financial Crisis and Market Manipulation Scandal

Facing financial difficulties, Dutch electric bus manufacturer Ebusco announced 102 job cuts on December 31st, 2024, following a €3 million fine levied against major shareholder Van Der Valk Investments for market manipulation; the company previously lost a legal battle with Qbuzz and faced componen...

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 90% Global Worthiness
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Chalmers Warns of Crypto-Driven Financial Crisis

Treasurer Jim Chalmers warns of systemic risks to Australia's financial system from incorporating cryptocurrencies, citing potential US deregulation under President Trump and the inherent worthlessness and volatility of crypto assets.

Progress

56% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Deregulation and Fee-Based Banking: Lessons from 2008 and Current Trends in Greece

The repeal of the Glass-Steagall Act in 1999 facilitated the spread of the 2008 financial crisis, while Greek banks' current focus on high-fee services (50% of their 2023 profits) raises concerns about their role in supporting the real economy.

Progress

48% Bias Score

Reduced Inequality
mk.ru
🌐 85% Global Worthiness
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Russian Banks Slash Credit Limits Amid Economic Uncertainty

Russian banks are reducing credit limits for thousands of borrowers due to rising interest rates, high consumer debt, a new lending law, and economic uncertainty, impacting holiday spending plans and causing widespread consumer frustration.

Progress

52% Bias Score

Reduced Inequality