Tag #Financial Crisis

Showing 25 to 36 of 98 results

liberation.fr
🌐 90% Global Worthiness
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Trump-Musk Policies Trigger Market Crash, Billionaire Losses

Erratic policies by US President Trump and Elon Musk since January 20th, 2024, have caused a significant market crash, impacting stocks (Tesla down 50%, Trump Media down 50%), cryptocurrencies (Bitcoin down 23%, Ethereum down 43%, Trump Coin down 74%), and resulting in a $209 billion loss for billio...

Progress

64% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 65% Global Worthiness
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Hudson's Bay Restructuring: Gift Cards Active, Loyalty Points Suspended

Hudson's Bay, facing financial crisis and court-ordered restructuring, has temporarily suspended its loyalty program impacting $58.6 million in points; however, its $24.3 million in gift cards remain active.

Progress

40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Star Entertainment Faces Collapse, Desperately Seeks Funding

Star Entertainment is urgently seeking funding to avoid insolvency after failing to secure enough money to meet near-term payments. The company's board is reviewing liquidity proposals, and its half-year results are dependent on securing funding to continue operating.

Progress

56% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Porsche Appoints New CFO and Sales Chief Amidst Restructuring

Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...

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56% Bias Score

Decent Work and Economic Growth
lequipe.fr
🌐 75% Global Worthiness
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French Athletics Federation Faces €3 Million Deficit

The French Athletics Federation (FFA) revealed a €3 million deficit following the December 14 election of Jean Gracia as president, prompting an investigation into the causes and plans for financial recovery.

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44% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Nikola Files for Bankruptcy After Founder's Fraud Conviction

Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.

Progress

52% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Nissan Appoints New CEO Amidst Financial Restructuring

Nissan announced that Iván Espinosa will replace Makoto Uchida as president and CEO on April 1st, as part of a restructuring plan to address significant financial losses stemming from declining sales in key markets, including a 20% global production cut and 9,000 job losses.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Financial Crisis at Healthscope Prompts Urgent Meeting of Australian Healthcare CEOs

Australian Health Minister Mark Butler called an urgent meeting of private hospital and insurer CEOs due to the financial crisis at Healthscope, Australia's second-largest private hospital operator, impacting public services and threatening the 488-bed Northern Beaches hospital.

Progress

52% Bias Score

Good Health and Well-being
elmundo.es
🌐 75% Global Worthiness
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Vatican's Financial Crisis Deepens Amidst Pope's Illness

Facing internal opposition, Pope Francis, hospitalized with pneumonia, ordered a new commission to increase donations to the Vatican, which has a growing deficit and substantial pension fund liabilities.

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48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Universities' Global Leadership Undermined by Financial Crisis

UK universities educated 50 world leaders in 2022, exceeding all other countries, but face a severe financial crisis with 75% of English institutions projected to be in debt by 2025-26 due to insufficient tuition fees and declining international student enrollment.

Progress

44% Bias Score

Quality Education
elmundo.es
🌐 75% Global Worthiness
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CD Tenerife Faces Existential Crisis Amidst Relegation Battle and Internal Conflict

CD Tenerife, a Spanish football club, is facing a severe crisis; the club is near relegation, its president resigned due to a lack of control, and major shareholders are embroiled in legal disputes and power struggles.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Star Entertainment Faces Imminent Financial Collapse

Star Entertainment, an Australian casino operator, is critically short of cash, with only ten days of funds left due to a $35 million monthly burn rate, and faces potential administration due to $430 million in debt and ongoing legal costs, despite holding assets valued at $800 million.

Progress

76% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 98 results