German Auto Industry in Deep Recession Amidst E-Mobility Shift
Germany's automotive industry is in a deep recession in 2025, with Volkswagen planning job cuts and other automakers facing similar challenges; this is due to a combination of factors including a slow transition to e-mobility, increased global competition, and inconsistent government policies.
German Auto Industry in Deep Recession Amidst E-Mobility Shift
Germany's automotive industry is in a deep recession in 2025, with Volkswagen planning job cuts and other automakers facing similar challenges; this is due to a combination of factors including a slow transition to e-mobility, increased global competition, and inconsistent government policies.
Progress
32% Bias Score
Unicredit Denies Commerzbank Job Cut Claims Amidst Increased Stake
Unicredit denies Commerzbank workers' council claims of 15,000 potential job losses following its increased stake to approximately 28 percent; the bank states that these claims are unfounded speculation and reiterates its long-term commitment to the German market.
Unicredit Denies Commerzbank Job Cut Claims Amidst Increased Stake
Unicredit denies Commerzbank workers' council claims of 15,000 potential job losses following its increased stake to approximately 28 percent; the bank states that these claims are unfounded speculation and reiterates its long-term commitment to the German market.
Progress
48% Bias Score
UK Retail Job Losses Surge to 169,395 in 2024
The UK lost 169,395 retail jobs in 2024—a 42% increase from 2023—due to business failures (e.g., Homebase, The Body Shop), cost-cutting, and rising economic pressures, exceeding 2023 levels and only slightly less than the 2020 pandemic's impact.
UK Retail Job Losses Surge to 169,395 in 2024
The UK lost 169,395 retail jobs in 2024—a 42% increase from 2023—due to business failures (e.g., Homebase, The Body Shop), cost-cutting, and rising economic pressures, exceeding 2023 levels and only slightly less than the 2020 pandemic's impact.
Progress
36% Bias Score
Whyalla Steelworks Faces Closure, Threatening Australia's Construction Industry
The Whyalla steelworks, a crucial supplier of rebar steel for Australia's construction industry, is facing potential closure due to operational problems, prompting South Australian Premier Peter Malinauskas to warn of a "national disaster" and raise concerns about job losses and reliance on imported...
Whyalla Steelworks Faces Closure, Threatening Australia's Construction Industry
The Whyalla steelworks, a crucial supplier of rebar steel for Australia's construction industry, is facing potential closure due to operational problems, prompting South Australian Premier Peter Malinauskas to warn of a "national disaster" and raise concerns about job losses and reliance on imported...
Progress
40% 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
Ecuador's Drought-Induced Blackouts Cause $7.5 Billion in Losses
Ecuador is experiencing its worst drought in nearly 60 years, leading to daily power outages of up to 14 hours that have caused $7.5 billion in economic losses and widespread job losses, prompting public protests and government action to end most blackouts starting Friday.
Ecuador's Drought-Induced Blackouts Cause $7.5 Billion in Losses
Ecuador is experiencing its worst drought in nearly 60 years, leading to daily power outages of up to 14 hours that have caused $7.5 billion in economic losses and widespread job losses, prompting public protests and government action to end most blackouts starting Friday.
Progress
40% Bias Score
Unicredit Denies Commerzbank Job Cut Claims
Unicredit denies Commerzbank labor union claims of 15,000 potential job losses following Unicredit's increased stake to around 28 percent, asserting that such claims lack foundation and are pure speculation.
Unicredit Denies Commerzbank Job Cut Claims
Unicredit denies Commerzbank labor union claims of 15,000 potential job losses following Unicredit's increased stake to around 28 percent, asserting that such claims lack foundation and are pure speculation.
Progress
52% Bias Score
UK Retail Job Losses Surge to 169,395 in 2024
The UK retail sector experienced a significant increase in job losses in 2024, with 169,395 positions lost due to business failures and cost-cutting, exceeding the 2020 pandemic levels, and is predicted to worsen in 2025.
UK Retail Job Losses Surge to 169,395 in 2024
The UK retail sector experienced a significant increase in job losses in 2024, with 169,395 positions lost due to business failures and cost-cutting, exceeding the 2020 pandemic levels, and is predicted to worsen in 2025.
Progress
40% Bias Score
German Economy Plunges to Record Low Amidst Multiple Crises
Germany's economy is experiencing a sharp downturn, with 31 of 49 surveyed industry associations reporting worse conditions than last year; high costs, bureaucracy, and global uncertainty are impacting exports and investments, and over 30,000 jobs were lost among Germany's top 100 companies in the f...
German Economy Plunges to Record Low Amidst Multiple Crises
Germany's economy is experiencing a sharp downturn, with 31 of 49 surveyed industry associations reporting worse conditions than last year; high costs, bureaucracy, and global uncertainty are impacting exports and investments, and over 30,000 jobs were lost among Germany's top 100 companies in the f...
Progress
52% 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
Germany Faces Industrial Crisis, Urgent Action Needed
German Labor Minister Hubertus Heil is urging for an active industrial policy to prevent the collapse of entire industries and massive job losses amid a current economic crisis, with Kurzarbeit reaching record levels in September 2024.
Germany Faces Industrial Crisis, Urgent Action Needed
German Labor Minister Hubertus Heil is urging for an active industrial policy to prevent the collapse of entire industries and massive job losses amid a current economic crisis, with Kurzarbeit reaching record levels in September 2024.
Progress
56% Bias Score
Germany Faces Economic Crisis, Thousands of Jobs at Risk
German Labor Minister Hubertus Heil seeks to prevent the collapse of entire industries and job losses due to the economic crisis, highlighting rising short-time work numbers (268,000 in September, up 76% year-on-year) and contrasting Germany's approach with proactive industrial policies in China and...
Germany Faces Economic Crisis, Thousands of Jobs at Risk
German Labor Minister Hubertus Heil seeks to prevent the collapse of entire industries and job losses due to the economic crisis, highlighting rising short-time work numbers (268,000 in September, up 76% year-on-year) and contrasting Germany's approach with proactive industrial policies in China and...
Progress
56% Bias Score