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PeakMetrics / Fact Checks

Economy & business fact checks

Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.

7,096 published reviews in this topic

Pagella PoliticaEconomy & business

«Il salario minimo orario è una norma richiesta dall’Europa»

Publisher’s rating: Nì

Rossella Accoto, an undersecretary at Italy’s Ministry of Labour, defended introducing a minimum wage in Italy during a 27 September appearance on Rai Radio 1, describing it as a “rule requested by Europe.” The review examines whether the EU had actually required Italy to adopt a statutory minimum wage. It reports that the European Parliament was considering a Commission proposal intended to improve minimum-wage protection, but that the proposal left member states room to choose how to provide it. The decisive distinction is between the EU’s objective—adequate minimum-wage protection—and a requirement that every country enact a legal wage floor. The review quotes the proposed directive as saying that it would not oblige countries where wages are set exclusively through collective agreements to introduce a statutory minimum wage. It also notes that the Commission’s accompanying report recognized both collective agreements and legal minimum wages as ways to provide protection. The review therefore finds that the EU was acting on the issue, but that Accoto’s description overstates what it required: the proposal did not necessarily call for Italy to introduce a statutory hourly minimum. The review adds that adequate minimum wages could, in principle, also be pursued through collective bargaining using arrangements available in Italy.

Vishvas NewsEconomy & business

விலைக்கு வாங்கிவதுடன் ஜியோ வங்கி தொழிலில் இறங்குகிறது; ரிலையன்ஸ் ஜியோஇன்போகாம் லிமிடெட்(“RJIL”) இன்றைக்கு அறிவிக்கப்பட்டது என்னவென்றால் அதன் வங்கியை வாங்குவதற்காக ஃபெடரல் பேங்க் லிமிடெட் உடன் உறுதியான ஒப்பந்தத்தை முடித்துவிட்டது. RJIL மொத்த விலையாக ரூ. 73,616 கோடி (வரிகள் உட்பட) ஃபெடரல் வங்கிக்கு பணம் செலுத்தப்பட்டது மற்றும் உரிமையை வலிந்துகொள்ளபட்டது. இந்த வர்த்தகத் தகவல் மூலம் ஃபெடரல் வங்கி ரிலையன்ஸ் ஜியோ இன்போகாம் லிமிடெட் (“RJIL”) இன் முழு சொந்தமான துணை நிறுவனமாக இருக்கும் “

Publisher’s rating: FALSE

YouturnEconomy & business

இந்திய பொருளாதாரம் வரலாறு காணாத அளவிற்கு சரிந்திருக்கும் நிலையில் உலக வங்கியிடம் மூன்றரை லட்சம் கோடி டாலர்கள் கடனுதவி கோருவதற்காக பிரதமர் மோடி அமெரிக்கா பயணம்.

Publisher’s rating: Fake

BBC Reality CheckEconomy & business

"The market in electric vehicles [in the UK] is growing at an extraordinary pace - maybe two thirds every year"

Publisher’s rating: We couldn't immediately find the two-thirds increase mentioned by the prime minister, but it's clear uptake of low emissions vehicles recently has been growing rapidly.

The claim concerned the pace of growth in the UK electric-vehicle market, as Boris Johnson addressed the UN General Assembly ahead of the COP26 climate conference. The BBC’s review says the Department for Transport directed it to Society of Motor Manufacturers and Traders figures. Those figures showed that electric-vehicle registrations so far that year—defined in the article as battery-powered vehicles and hybrids combined—had more than doubled compared with 2020. That is evidence of rapid uptake, but it does not establish the claimed annual growth rate of about two-thirds.

FACTLYEconomy & business

‘HAP’ is conducting an online survey to gift 6,000 rupees on its 50th Anniversary

Publisher’s rating: FALSE

The claim concerns a website using the name of Hatsun Agro Product Limited (HAP) that offered ₹6,000 in connection with the company’s 50th anniversary. FACTLY reports that HAP’s official website carried a public notice calling the alleged survey message misleading and false. The notice cautioned the public against believing or acting on messages circulated in the company’s name, and said use of HAP’s name, trademark, domain name and logo was unauthorised. FACTLY also says it searched HAP’s official website for evidence of such a survey and found no details of one. It checked the survey site’s domain through Whois.com: the site, leadera.top, was registered in May 2021. The review states that the domain had nothing to do with HAP. Together, the company’s warning, the lack of a survey on its official site and the reported domain information support the conclusion that this was a fraudulent site, not a genuine HAP offer.

BBC Reality CheckEconomy & business

"Because of the engagement we've had with the US, they have immediately given us the boost to trade and businesses by reinstating travel from the UK to the US"

Publisher’s rating: It's true that President Biden did announce this change yesterday, but it wasn't just for the UK.

The claim links UK-US engagement to the United States immediately reopening travel from the UK, presenting the change as a boost for trade and business. The review’s relevant finding is narrower: President Biden had announced the resumption of travel, but the change was not exclusive to the UK. The review says the new rules were due to apply from November to fully vaccinated people from 33 countries, naming China, India, Brazil and most of the European Union among them. That evidence supports the distinction central to the claim: the US announced a reopening that included UK travellers, but it also covered many other countries. The excerpt does not establish that UK-US engagement caused the decision or quantify a resulting business benefit.