Turkey's Minimum Wage Hike Falls Short of Inflation Amidst Economic and Political Tensions
Turkey's minimum wage increased by 30 percent to 22,104 lira despite 47 percent annual inflation; government support for employers rose by 43 percent to 1000 lira per minimum wage earner; this insufficient increase sparked protests and criticism.
Turkey's Minimum Wage Hike Falls Short of Inflation Amidst Economic and Political Tensions
Turkey's minimum wage increased by 30 percent to 22,104 lira despite 47 percent annual inflation; government support for employers rose by 43 percent to 1000 lira per minimum wage earner; this insufficient increase sparked protests and criticism.
Progress
44% Bias Score
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
Progress
48% Bias Score
Rising Prices Top Russians' Financial Risk List for 2025
A poll reveals 49% of Russians view rising prices as the greatest financial threat in 2025, exceeding concerns about unexpected expenses, geopolitical risks, and asset price volatility; weekly inflation hit 0.33% (December 17-23), fueled by a 2.6% rise in fruit and vegetable costs.
Rising Prices Top Russians' Financial Risk List for 2025
A poll reveals 49% of Russians view rising prices as the greatest financial threat in 2025, exceeding concerns about unexpected expenses, geopolitical risks, and asset price volatility; weekly inflation hit 0.33% (December 17-23), fueled by a 2.6% rise in fruit and vegetable costs.
Progress
44% Bias Score
TÜİK Rejects CHP Leader's Claims on Inflation Basket Composition
The Turkish Statistical Institute (TÜİK) denied CHP leader Özgür Özel's claim that ping pong balls and copper bars are included in the consumer price index (TÜFE) calculation, stating that the inflation basket comprises 406 essential goods and services and adheres to international standards.
TÜİK Rejects CHP Leader's Claims on Inflation Basket Composition
The Turkish Statistical Institute (TÜİK) denied CHP leader Özgür Özel's claim that ping pong balls and copper bars are included in the consumer price index (TÜFE) calculation, stating that the inflation basket comprises 406 essential goods and services and adheres to international standards.
Progress
48% Bias Score
Turkish Opposition Condemns Insufficient Minimum Wage Increase Amidst High Inflation
Turkey's parliament debated a bill amending the State Civil Servants Law, with opposition MPs criticizing the 2025 minimum wage increase of 30% as insufficient compared to inflation rates of 47% (official) and 80% (unofficial), impacting 60% of Turkish workers.
Turkish Opposition Condemns Insufficient Minimum Wage Increase Amidst High Inflation
Turkey's parliament debated a bill amending the State Civil Servants Law, with opposition MPs criticizing the 2025 minimum wage increase of 30% as insufficient compared to inflation rates of 47% (official) and 80% (unofficial), impacting 60% of Turkish workers.
Progress
56% Bias Score
Turkey's Minimum Wage Hiked 30% to 22,104 TL, But Experts Warn of Poverty Line Breach
Turkey's 2025 minimum wage rose 30% to 22,104 TL, but experts warn it will fall below the poverty line by February, despite increased employer subsidies, sparking concerns of social unrest and possible mid-year adjustments.
Turkey's Minimum Wage Hiked 30% to 22,104 TL, But Experts Warn of Poverty Line Breach
Turkey's 2025 minimum wage rose 30% to 22,104 TL, but experts warn it will fall below the poverty line by February, despite increased employer subsidies, sparking concerns of social unrest and possible mid-year adjustments.
Progress
56% Bias Score
S&P 500 Soars 24.3% in 2024 Amidst Record High Office Vacancies
The S&P 500 index reached record highs in 2024, rising 24.3% due to Federal Reserve interest rate cuts and investor optimism following Donald Trump's election; however, high office vacancy rates signal potential economic shifts.
S&P 500 Soars 24.3% in 2024 Amidst Record High Office Vacancies
The S&P 500 index reached record highs in 2024, rising 24.3% due to Federal Reserve interest rate cuts and investor optimism following Donald Trump's election; however, high office vacancy rates signal potential economic shifts.
Progress
40% Bias Score
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Progress
36% Bias Score
Post-Christmas Sales Surge Amidst Retail Sector Instability
American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...
Post-Christmas Sales Surge Amidst Retail Sector Instability
American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...
Progress
32% Bias Score
Trump's Proposed Tariffs: Potential for Significant Economic Disruption
President-elect Trump's proposed 60 percent tariff on Chinese goods, and 10-20 percent on others, is expected to cause significant economic disruption, potentially increasing US inflation by 1 percent by 2025's third quarter and impacting global supply chains, while China may be better positioned to...
Trump's Proposed Tariffs: Potential for Significant Economic Disruption
President-elect Trump's proposed 60 percent tariff on Chinese goods, and 10-20 percent on others, is expected to cause significant economic disruption, potentially increasing US inflation by 1 percent by 2025's third quarter and impacting global supply chains, while China may be better positioned to...
Progress
40% Bias Score
US Consumer Confidence Falls Amid Tariff Concerns
US consumer confidence fell to 104.7 in December 2024 from 112.8 in November, below market expectations of 113.5, driven by concerns over President-elect Trump's planned tariffs and their potential impact on the cost of living, with 46 percent of consumers expecting higher prices.
US Consumer Confidence Falls Amid Tariff Concerns
US consumer confidence fell to 104.7 in December 2024 from 112.8 in November, below market expectations of 113.5, driven by concerns over President-elect Trump's planned tariffs and their potential impact on the cost of living, with 46 percent of consumers expecting higher prices.
Progress
40% Bias Score
Turkish Unions Protest Insufficient Minimum Wage Increase
Turkey's minimum wage rose 30 percent to 22,104 TL, prompting protests from major labor unions like DİSK, TÜRK-İŞ, HAK-İŞ, and KESK who deem it insufficient amid rising inflation and claim the government prioritized international investors.
Turkish Unions Protest Insufficient Minimum Wage Increase
Turkey's minimum wage rose 30 percent to 22,104 TL, prompting protests from major labor unions like DİSK, TÜRK-İŞ, HAK-İŞ, and KESK who deem it insufficient amid rising inflation and claim the government prioritized international investors.
Progress
52% Bias Score