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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.

7,091 published reviews in this topic

FACTLYEconomy & business

Videos of President Droupadi Murmu, Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and Infosys Foundation chairperson Sudha Murthy promoting an income-generating project and urging people to invest ₹21,000 to receive returns of several lakhs within a month.

Publisher’s rating: FALSE

FACTLY found that the videos of Murmu, Modi, Sitharaman and Sudha Murthy promoting the investment project were deepfakes, manipulated with AI-driven facial alterations and voice cloning. It says none of them promoted such projects. [S1]

Deutsche WelleEconomy & business

"The European Commission plans to take €10 trillion of citizens' savings for EU defense. This is economic suicide. *Get your money out of European banks. They're going to take your money from your bank account."

Publisher’s rating: False. The controversy and heated discussions on social networks were sparked by two EU initiatives. First, the European Commission presented the White Paper for European Defence – Readiness 2030, which aims to enable member states to invest more rapidly and significantly in their defense sectors. Second, the Commission introduced its strategy for a savings and investment union. This strategy is designed to create more incentives for investment, allowing Europe-wide funds to be established, making it easier for citizens to invest their money in various sectors, including environmental, digital technology and defense. But this doesn't mean the EU has access to private savings accounts. It's not possible based on the current legal system. On the contrary, a number EU regulations are designed to protect citizens' savings.