Biden Blocks Nippon Steel's U.S. Steel Takeover
President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns and opposition from the United Steelworkers union, causing a 7% stock drop and raising questions about protectionism and the future of American steel production.
Biden Blocks Nippon Steel's U.S. Steel Takeover
President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns and opposition from the United Steelworkers union, causing a 7% stock drop and raising questions about protectionism and the future of American steel production.
Progress
60% Bias Score
EU-Mercosur Trade Deal Underscores Global Shift Away From US-Centric Trade
Faced with Donald Trump's protectionist trade policies, the EU finalized a major trade deal with the Mercosur bloc in South America, reducing tariffs on cars, machinery, and pharmaceuticals, potentially undermining US exporters and highlighting a broader global shift in trade partnerships.
EU-Mercosur Trade Deal Underscores Global Shift Away From US-Centric Trade
Faced with Donald Trump's protectionist trade policies, the EU finalized a major trade deal with the Mercosur bloc in South America, reducing tariffs on cars, machinery, and pharmaceuticals, potentially undermining US exporters and highlighting a broader global shift in trade partnerships.
Progress
40% Bias Score
Trump's Rejection of WTO: Potential for Global Economic Disruption
Incoming US President Trump's rejection of multilateral organizations like the WTO prioritizes bilateral deals, potentially harming smaller nations and causing a global economic downturn, impacting the EU and particularly China, according to experts.
Trump's Rejection of WTO: Potential for Global Economic Disruption
Incoming US President Trump's rejection of multilateral organizations like the WTO prioritizes bilateral deals, potentially harming smaller nations and causing a global economic downturn, impacting the EU and particularly China, according to experts.
Progress
48% Bias Score
France Threatens to Block EU-Mercosur Trade Deal
A massive trade deal between the EU and four South American countries is facing major opposition in France, due to concerns that it will harm the French farming sector, potentially leading to a blockage of the deal unless at least three other EU countries representing at least 35% of the EU populati...
France Threatens to Block EU-Mercosur Trade Deal
A massive trade deal between the EU and four South American countries is facing major opposition in France, due to concerns that it will harm the French farming sector, potentially leading to a blockage of the deal unless at least three other EU countries representing at least 35% of the EU populati...
Progress
60% Bias Score
ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge
ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.
ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge
ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.
Progress
32% Bias Score
Trump's Tariff Threat Shakes Mexican Economy
President-elect Trump's threat to impose a 25% tariff on Mexican imports if Mexico doesn't control migration and drug trafficking has sparked concerns among Mexican businesses, given that over 82% of Mexico's exports go to the US, exceeding \$424 billion from January to October 2024.
Trump's Tariff Threat Shakes Mexican Economy
President-elect Trump's threat to impose a 25% tariff on Mexican imports if Mexico doesn't control migration and drug trafficking has sparked concerns among Mexican businesses, given that over 82% of Mexico's exports go to the US, exceeding \$424 billion from January to October 2024.
Progress
40% Bias Score
China's Economic Rise and the Perils of Protectionism
China's meat consumption surged sixfold from 1976 to 2014, reflecting its economic rise and increased global market competition, while protectionist measures against Chinese advancements are economically detrimental.
China's Economic Rise and the Perils of Protectionism
China's meat consumption surged sixfold from 1976 to 2014, reflecting its economic rise and increased global market competition, while protectionist measures against Chinese advancements are economically detrimental.
Progress
52% Bias Score
US Semiconductor Investigation Sparks China's Push for Self-Reliance
The US launched a Section 301 investigation into China's semiconductor industry practices on Sunday, prompting strong opposition from China, which noted that Chinese semiconductor exports to the US are far lower than imports from the US; despite this, China's semiconductor exports grew by 20.3 perce...
US Semiconductor Investigation Sparks China's Push for Self-Reliance
The US launched a Section 301 investigation into China's semiconductor industry practices on Sunday, prompting strong opposition from China, which noted that Chinese semiconductor exports to the US are far lower than imports from the US; despite this, China's semiconductor exports grew by 20.3 perce...
Progress
40% Bias Score
Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy
President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.
Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy
President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.
Progress
40% Bias Score
Indonesia's Protectionist Policies Risk Backfiring, Economists Warn
Indonesia's rejection of a $100 million Apple investment proposal in favor of a $1 billion demand, coupled with its strict local content requirements, is drawing criticism from economists who warn of potential negative impacts on foreign direct investment and long-term economic growth, contrasting w...
Indonesia's Protectionist Policies Risk Backfiring, Economists Warn
Indonesia's rejection of a $100 million Apple investment proposal in favor of a $1 billion demand, coupled with its strict local content requirements, is drawing criticism from economists who warn of potential negative impacts on foreign direct investment and long-term economic growth, contrasting w...
Progress
52% Bias Score
US Businesses Divided Over Trump's Proposed Tariffs
Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.
US Businesses Divided Over Trump's Proposed Tariffs
Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.
Progress
36% Bias Score
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Progress
44% Bias Score