Tag #Global Economy

it.euronews.com
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Global Trade War Looms Amidst EU-China Electric Vehicle Dispute

The EU's tariffs on Chinese electric vehicles, and subsequent Chinese retaliation, threaten a global trade war, potentially disrupting supply chains and raising prices like during the pandemic; tensions with the US under Trump further complicate the situation.

Progress

36% Bias Score

Decent Work and Economic Growth
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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China Seeks Cooperation with US Despite Trump's Protectionist Stance

Following President Trump's inauguration, China expressed its willingness to cooperate with the US to improve bilateral relations, despite Trump's comments about imposing tariffs and taking back control of the Panama Canal, which were rejected by Panama.

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40% Bias Score

Reduced Inequality
cnn.com
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Global Tourism Rebounds to Near Pre-Pandemic Levels in 2024

The UNWTO's 2024 report reveals a robust recovery in international tourism, with 1.4 billion travelers spending \$1.9 trillion, led by Europe (747 million tourists) with France (100 million) and Spain (98 million) taking the top spots, while smaller countries like Qatar also saw significant gains bu...

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36% Bias Score

Responsible Consumption and Production
cnbc.com
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BOJ Poised for Rate Hike Amid Inflation and Yen Weakness

The Bank of Japan is expected to raise its benchmark interest rate by 0.25% this week to 0.5%, the highest since 2008, driven by sustained inflation, yen weakness, and a shift in the BOJ's public statements. Eighteen of nineteen economists polled by CNBC predict the hike, despite risks from weak hou...

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40% Bias Score

Decent Work and Economic Growth
french.china.org.cn
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China Signals Cooperation Amidst Trump's Inauguration and Trade Uncertainty

Following President Trump's inauguration, China's high-level representation and statements signal a willingness to cooperate despite Trump's past trade policies; however, an economic analysis suggests that a potential tariff war could decrease US GDP by $55 billion and increase inflation. Trump's st...

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52% Bias Score

Reduced Inequality
china.org.cn
🌐 85% Global Worthiness
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China Urges Multilateralism and Inclusive Growth at Davos

In Davos, Chinese Vice Premier Ding Xuexiang urged global cooperation for inclusive development, echoing President Xi's 2017 call for multilateralism, and outlined China's commitment to high-quality growth, green initiatives, and further opening up, meeting with several world leaders and business ex...

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20% Bias Score

Reduced Inequality
liberation.fr
🌐 85% Global Worthiness
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Trump Threatens Tariffs on China and EU

President Trump announced 10% tariffs on Chinese goods starting February 1st and threatened similar measures against the EU, citing unfair trade practices and the flow of fentanyl from China into the US, following similar actions against Mexico and Canada.

Progress

60% Bias Score

Decent Work and Economic Growth
chinadaily.com.cn
🌐 85% Global Worthiness
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China Urges Global Cooperation for Inclusive Growth at Davos

In a Davos speech, Chinese Vice-Premier Ding Xuexiang advocated for multilateralism and inclusive growth, emphasizing China's commitment to green transition and economic opening while urging global cooperation on key challenges like climate change and digital connectivity. He met with several world ...

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40% Bias Score

Reduced Inequality
africa.chinadaily.com.cn
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China Seeks Stable US Relations Amid Trump's Tariff Threats

Following President Trump's inauguration, China expressed its desire for stable relations with the US, but Trump's plans to increase tariffs on Chinese imports, which could decrease US GDP by $55 billion over four years and increase inflation, pose a significant challenge; China's top envoy to the U...

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36% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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US-EU Trade War Looms Amidst Defense Spending Dispute

Spanish Prime Minister Pedro Sanchez warned against a US-EU trade war while President Trump threatened tariffs, highlighting economic and defense spending disagreements; the EU commissioner vowed a proportionate response to any tariffs.

Progress

44% Bias Score

Peace, Justice, and Strong Institutions
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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US Tariffs on China Risk Inflation, Slowing Growth

The US plans to impose massive tariffs on China, potentially increasing inflation and slowing US economic growth; economists predict higher consumer prices and disrupted US supply chains; China plans to counteract with domestic market revitalization and a 5% GDP growth target for 2025.

Progress

40% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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Global Tourism Rebounds in 2024, but Overtourism Raises Concerns

The UNWTO reported that 1.4 billion people traveled internationally in 2024, generating $1.9 trillion; France was the most-visited country (100 million tourists), followed by Spain (98 million), while overtourism is prompting restrictions in some areas.

Progress

52% Bias Score

Sustainable Cities and Communities