UK Government Faces Union Backlash Over 2.8% Public Sector Pay Rise
The UK government proposed a 2.8% pay rise for NHS staff, teachers, and civil servants for 2025-26, significantly lower than previous increases and sparking union fury and threats of renewed strikes amid the current economic climate.
UK Government Faces Union Backlash Over 2.8% Public Sector Pay Rise
The UK government proposed a 2.8% pay rise for NHS staff, teachers, and civil servants for 2025-26, significantly lower than previous increases and sparking union fury and threats of renewed strikes amid the current economic climate.
Progress
52% Bias Score
Inflation Data Supports Expected Federal Reserve Rate Cut
The November CPI rose 0.3% month-over-month and 2.7% year-over-year, while core CPI increased 0.3% and 3.3%, respectively, aligning with expectations and paving the way for another Federal Reserve rate cut next week.
Inflation Data Supports Expected Federal Reserve Rate Cut
The November CPI rose 0.3% month-over-month and 2.7% year-over-year, while core CPI increased 0.3% and 3.3%, respectively, aligning with expectations and paving the way for another Federal Reserve rate cut next week.
Progress
40% Bias Score
CPI Meets Expectations, GM Ends Cruise, Macy's Lowers Outlook
Wall Street is poised for growth after November's CPI report met expectations, while General Motors ended its Cruise robotaxi service due to competition; Macy's lowered its earnings outlook amid an internal investigation.
CPI Meets Expectations, GM Ends Cruise, Macy's Lowers Outlook
Wall Street is poised for growth after November's CPI report met expectations, while General Motors ended its Cruise robotaxi service due to competition; Macy's lowered its earnings outlook amid an internal investigation.
Progress
52% Bias Score
Scholz Proposes VAT Cut on Food Amid Rising Prices
German Chancellor Olaf Scholz proposed lowering the reduced VAT rate for many foods from 7% to 5% to alleviate rising food prices, a move criticized by the opposition and economic experts for its potential ineffectiveness and distributional consequences.
Scholz Proposes VAT Cut on Food Amid Rising Prices
German Chancellor Olaf Scholz proposed lowering the reduced VAT rate for many foods from 7% to 5% to alleviate rising food prices, a move criticized by the opposition and economic experts for its potential ineffectiveness and distributional consequences.
Progress
32% Bias Score
French Executive Compensation Lags Behind Inflation, Impacting Purchasing Power
A recent study by Apec reveals that despite a record 60% of French executives receiving salary increases in 2024, median executive compensation has increased less than inflation since 2019, resulting in decreased purchasing power for over 60% of executives, with a persistent gender pay gap.
French Executive Compensation Lags Behind Inflation, Impacting Purchasing Power
A recent study by Apec reveals that despite a record 60% of French executives receiving salary increases in 2024, median executive compensation has increased less than inflation since 2019, resulting in decreased purchasing power for over 60% of executives, with a persistent gender pay gap.
Progress
48% Bias Score
Russian New Car Prices Rise Moderately Despite Economic Headwinds
The average price of a new car in Russia reached 3.7 million rubles in November 2023, up 1% from October but down 5% year-on-year, with significant regional variations, and online listings potentially underrepresenting true prices.
Russian New Car Prices Rise Moderately Despite Economic Headwinds
The average price of a new car in Russia reached 3.7 million rubles in November 2023, up 1% from October but down 5% year-on-year, with significant regional variations, and online listings potentially underrepresenting true prices.
Progress
44% Bias Score
ECB to slightly lower interest rates amid economic uncertainty
The European Central Bank is expected to slightly lower interest rates by 25 basis points to 3% on Thursday despite recent positive Eurozone GDP growth and inflation reaching the ECB target of 2.3%, due to concerns about future economic slowdown, political instability in France, and potential US tar...
ECB to slightly lower interest rates amid economic uncertainty
The European Central Bank is expected to slightly lower interest rates by 25 basis points to 3% on Thursday despite recent positive Eurozone GDP growth and inflation reaching the ECB target of 2.3%, due to concerns about future economic slowdown, political instability in France, and potential US tar...
Progress
60% Bias Score
Inflation Data Bolsters Expectations for Fed Rate Cut
November's inflation data matched expectations, increasing the likelihood of a Federal Reserve rate cut to 99% on December 18th while inflation remains above the Fed's 2% target. Shelter costs comprised 40% of the November increase; however, smaller monthly increases in rent indices suggest future e...
Inflation Data Bolsters Expectations for Fed Rate Cut
November's inflation data matched expectations, increasing the likelihood of a Federal Reserve rate cut to 99% on December 18th while inflation remains above the Fed's 2% target. Shelter costs comprised 40% of the November increase; however, smaller monthly increases in rent indices suggest future e...
Progress
40% Bias Score
US Inflation Rises to 2.7% in November, Complicating Fed Rate Cut
US inflation rose to 2.7% annually in November 2024, exceeding October's rate and driven by food and energy price increases, though shelter inflation continued to decline; this complicates the Federal Reserve's planned rate cut next week.
US Inflation Rises to 2.7% in November, Complicating Fed Rate Cut
US inflation rose to 2.7% annually in November 2024, exceeding October's rate and driven by food and energy price increases, though shelter inflation continued to decline; this complicates the Federal Reserve's planned rate cut next week.
Progress
44% Bias Score
Spain's 2025 Minimum Wage Increase Projected Between €34 and €68
A Spanish government committee proposes a €34-€68 monthly minimum wage increase for 2025, balancing inflation compensation with maintaining 60% of the average wage; final figures await INE data.
Spain's 2025 Minimum Wage Increase Projected Between €34 and €68
A Spanish government committee proposes a €34-€68 monthly minimum wage increase for 2025, balancing inflation compensation with maintaining 60% of the average wage; final figures await INE data.
Progress
32% Bias Score
Barclays Downgrades Homebuilders Amid Interest Rate Concerns
Barclays downgraded four major homebuilders—D.R. Horton, Lennar, PulteGroup, and KB Home—to "equal weight" due to concerns about higher-than-expected interest rates and a potential ceiling in the new construction market, leading to significant stock declines in Q4 2024.
Barclays Downgrades Homebuilders Amid Interest Rate Concerns
Barclays downgraded four major homebuilders—D.R. Horton, Lennar, PulteGroup, and KB Home—to "equal weight" due to concerns about higher-than-expected interest rates and a potential ceiling in the new construction market, leading to significant stock declines in Q4 2024.
Progress
48% Bias Score
RBA Holds Interest Rates Amid Inflation Concerns
The Reserve Bank of Australia (RBA) kept the cash rate at 4.35 percent on December 18, 2024, citing persistent underlying inflation of 3.5 percent as the reason, despite headline inflation falling to 2.8 percent and slower economic growth; this decision impacts Australian borrowers and contrasts wit...
RBA Holds Interest Rates Amid Inflation Concerns
The Reserve Bank of Australia (RBA) kept the cash rate at 4.35 percent on December 18, 2024, citing persistent underlying inflation of 3.5 percent as the reason, despite headline inflation falling to 2.8 percent and slower economic growth; this decision impacts Australian borrowers and contrasts wit...
Progress
48% Bias Score