Turkey's Inflation Exceeds Expectations; 24-25% Minimum Wage Hike Predicted
Turkey's November inflation hit 2.24 percent, exceeding forecasts, while expert İslam Memiş predicts a 24-25 percent minimum wage increase for 2025, acknowledging challenges from global uncertainties and domestic economic pressures.
Turkey's Inflation Exceeds Expectations; 24-25% Minimum Wage Hike Predicted
Turkey's November inflation hit 2.24 percent, exceeding forecasts, while expert İslam Memiş predicts a 24-25 percent minimum wage increase for 2025, acknowledging challenges from global uncertainties and domestic economic pressures.
Progress
36% Bias Score
Chipotle Raises Prices 2% to Combat Inflation
Chipotle raised its menu prices by 2% nationally to offset inflation, a move following missed revenue forecasts despite steady customer traffic and controlled operating costs; this comes after CEO Brian Niccol's departure and amid concerns about portion sizes.
Chipotle Raises Prices 2% to Combat Inflation
Chipotle raised its menu prices by 2% nationally to offset inflation, a move following missed revenue forecasts despite steady customer traffic and controlled operating costs; this comes after CEO Brian Niccol's departure and amid concerns about portion sizes.
Progress
40% Bias Score
Seoul and Brisbane Top List of Most Affordable Global Capitals
A new index by Compare the Market ranks Seoul, South Korea, as the city with the lowest cost of living among 42 global capitals, followed by Brisbane, Australia, due to factors like low unemployment, affordable housing, and public transport.
Seoul and Brisbane Top List of Most Affordable Global Capitals
A new index by Compare the Market ranks Seoul, South Korea, as the city with the lowest cost of living among 42 global capitals, followed by Brisbane, Australia, due to factors like low unemployment, affordable housing, and public transport.
Progress
48% Bias Score
US Businesses Brace for Tariffs, Cancel Bonuses
The day after Donald Trump's re-election, a Pennsylvania company cancelled its Christmas bonus to fund increased inventory due to anticipated tariffs on imports from China, Mexico, and Canada, highlighting widespread economic concerns among businesses and consumers.
US Businesses Brace for Tariffs, Cancel Bonuses
The day after Donald Trump's re-election, a Pennsylvania company cancelled its Christmas bonus to fund increased inventory due to anticipated tariffs on imports from China, Mexico, and Canada, highlighting widespread economic concerns among businesses and consumers.
Progress
52% Bias Score
Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%
President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...
Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%
President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...
Progress
52% Bias Score
UK House Prices Surge Despite High Interest Rates
UK house prices saw a surprising 3.7% annual growth in November 2024, the fastest rate in almost two years, reaching £268,144 on average despite high interest rates and stretched affordability, driven by a strong labor market and high mortgage approvals.
UK House Prices Surge Despite High Interest Rates
UK house prices saw a surprising 3.7% annual growth in November 2024, the fastest rate in almost two years, reaching £268,144 on average despite high interest rates and stretched affordability, driven by a strong labor market and high mortgage approvals.
Progress
36% Bias Score
French Workplace Costs Rise 3.6% to €11,051 in 2023
The average cost of a workplace in France increased by 3.6% to €11,051 in 2023, driven by inflation, green building investments, and hybrid work demands; however, flexible office arrangements mitigated the overall increase.
French Workplace Costs Rise 3.6% to €11,051 in 2023
The average cost of a workplace in France increased by 3.6% to €11,051 in 2023, driven by inflation, green building investments, and hybrid work demands; however, flexible office arrangements mitigated the overall increase.
Progress
24% Bias Score
Fed Signals Potential Further Interest Rate Cuts Amidst Uncertainty
Federal Reserve officials hinted at potential further interest rate cuts to combat inflation, but emphasized data-driven decisions and expressed caution due to uncertainties surrounding incoming economic reports and the new administration's policies.
Fed Signals Potential Further Interest Rate Cuts Amidst Uncertainty
Federal Reserve officials hinted at potential further interest rate cuts to combat inflation, but emphasized data-driven decisions and expressed caution due to uncertainties surrounding incoming economic reports and the new administration's policies.
Progress
36% Bias Score
Nigeria's PMI Remains Below 50.0 Amidst Rising Inflation
Nigeria's November PMI registered 49.6, signaling a fifth consecutive month of decline in private sector business conditions, despite a slight increase from October's 46.9, primarily due to rising inflation and unemployment suppressing business activity.
Nigeria's PMI Remains Below 50.0 Amidst Rising Inflation
Nigeria's November PMI registered 49.6, signaling a fifth consecutive month of decline in private sector business conditions, despite a slight increase from October's 46.9, primarily due to rising inflation and unemployment suppressing business activity.
Progress
40% Bias Score
2025 Economic Forecast: Interest Rate Cuts and Strong Stock Market Predicted
Economic forecasts for 2025 predict interest rate cuts, no recession, strong stock market performance (except for tech giants), and a potentially weaker oil market; however, geopolitical risks remain significant.
2025 Economic Forecast: Interest Rate Cuts and Strong Stock Market Predicted
Economic forecasts for 2025 predict interest rate cuts, no recession, strong stock market performance (except for tech giants), and a potentially weaker oil market; however, geopolitical risks remain significant.
Progress
32% Bias Score
Russia Central Bank Expected to Hike Key Interest Rate to 23%
Russia's Sberbank expects the Central Bank to raise its key interest rate to 23% this month to fight inflation, impacting lenders like VTB which reduced its 2025 profit forecast to $3.77 billion from $5.18 billion due to reduced lending.
Russia Central Bank Expected to Hike Key Interest Rate to 23%
Russia's Sberbank expects the Central Bank to raise its key interest rate to 23% this month to fight inflation, impacting lenders like VTB which reduced its 2025 profit forecast to $3.77 billion from $5.18 billion due to reduced lending.
Progress
36% Bias Score
Dutch Pension Funds Increase Payouts Below Inflation Rate
Three major Dutch pension funds are increasing 2025 payouts by less than inflation; ABP, the largest, will increase by 1.84% while others freeze payments, preparing for a 2026 switch to an individual pension system.
Dutch Pension Funds Increase Payouts Below Inflation Rate
Three major Dutch pension funds are increasing 2025 payouts by less than inflation; ABP, the largest, will increase by 1.84% while others freeze payments, preparing for a 2026 switch to an individual pension system.
Progress
40% Bias Score