Turkey's Unique Economic Crisis Definition
Turkey's economic performance from 2004 to 2023 is characterized by periods of high inflation and growth (2004-2017), stagflation (2008, 2019), slumpflation (2009), and a recent drop in inflation (mid-2023) after reaching 80 percent in 2021; however, Turkey's definition of economic crisis differs fr...
Turkey's Unique Economic Crisis Definition
Turkey's economic performance from 2004 to 2023 is characterized by periods of high inflation and growth (2004-2017), stagflation (2008, 2019), slumpflation (2009), and a recent drop in inflation (mid-2023) after reaching 80 percent in 2021; however, Turkey's definition of economic crisis differs fr...
Progress
52% Bias Score
Milei's First Year: Inflation Down, Poverty Up, Popularity Stable
President Milei's first year in office saw Argentina grapple with 50% poverty, 18% indigence, and deep recession, yet his popularity persists due to inflation reduction (from 12.8% to 2.4%), support from the informal economy, and a fragmented opposition.
Milei's First Year: Inflation Down, Poverty Up, Popularity Stable
President Milei's first year in office saw Argentina grapple with 50% poverty, 18% indigence, and deep recession, yet his popularity persists due to inflation reduction (from 12.8% to 2.4%), support from the informal economy, and a fragmented opposition.
Progress
56% Bias Score
Retail Profits Soar, While Worker Wages Stagnate
Australian retail sector gross operating profits have increased sixfold since 2001, while retail wages have risen by less than half that amount, leaving low-paid workers struggling with inflation and creating an imbalance of bargaining power between employers and employees.
Retail Profits Soar, While Worker Wages Stagnate
Australian retail sector gross operating profits have increased sixfold since 2001, while retail wages have risen by less than half that amount, leaving low-paid workers struggling with inflation and creating an imbalance of bargaining power between employers and employees.
Progress
40% Bias Score
Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats
Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.
Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats
Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.
Progress
32% Bias Score
MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December
MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.
MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December
MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.
Progress
40% Bias Score
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
Progress
44% Bias Score
Angola: Commission Fights Food Price Speculation in Lunda-Sul
A multisectoral commission in Lunda-Sul, Angola, is tackling food price hikes affecting families since September 2024; price increases range from Kz 3,000 for a 25kg sugar bag to Kz 4,000 for a bag of potatoes, and the commission will operate until January 1, 2025.
Angola: Commission Fights Food Price Speculation in Lunda-Sul
A multisectoral commission in Lunda-Sul, Angola, is tackling food price hikes affecting families since September 2024; price increases range from Kz 3,000 for a 25kg sugar bag to Kz 4,000 for a bag of potatoes, and the commission will operate until January 1, 2025.
Progress
36% Bias Score
Global Stock Markets Face 2025 Challenges and Opportunities
Global stock markets hit record highs in 2024 due to the AI boom and economic recovery; however, 2025 presents challenges including rising sovereign debt, trade tensions, and potential shifts in market leadership, alongside opportunities from M&A activity and IPOs.
Global Stock Markets Face 2025 Challenges and Opportunities
Global stock markets hit record highs in 2024 due to the AI boom and economic recovery; however, 2025 presents challenges including rising sovereign debt, trade tensions, and potential shifts in market leadership, alongside opportunities from M&A activity and IPOs.
Progress
48% Bias Score
Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook
The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.
Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook
The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.
Progress
40% Bias Score
Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties
Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.
Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties
Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.
Progress
48% Bias Score
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
Progress
40% Bias Score
Starbucks Baristas Strike Over Wages and Working Conditions
Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...
Starbucks Baristas Strike Over Wages and Working Conditions
Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...
Progress
40% Bias Score