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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

Factcrescendo Sri LankaEconomy & business

A New Special Commodity Levy Imposed On Various Food Items In Sri Lanka !!

Publisher’s rating: Misleading

The claim concerned social-media posts saying Sri Lanka had imposed a new, substantially higher special levy on foods such as fruit and fish from December 1. Factcrescendo says the posts were based on a Finance Ministry Gazette issued on November 30, 2023, and that Daily Mirror had also reported the news without additional context. The review investigated whether this notice introduced new taxes or instead continued an existing levy.

FACTLYEconomy & business

Videos promoting the ‘Laila Rao’ investment project

Publisher’s rating: FALSE

The review examined social-media videos presenting “Laila Rao” as an investment project for women. In the videos described, a woman claimed that modest investments had generated large profits and directed viewers to Telegram; other clips purported to show celebrities endorsing the scheme. The review’s stated finding is that the project was a financial scam, not a legitimate investment opportunity. To investigate, the review says it searched for information about the project and found reporting about the fraud and a police advisory. It also examined complaints posted on the Consumer Complaints Court forum. Those complainants said they had invested based on the videos and were subsequently asked to make repeated payments, described as a 15% commission, to recover their money. The review reports that Cyberabad crime police warned that complaints had been filed in multiple states and that the scammers operated from different states. The video endorsements did not establish that the named celebrities backed the scheme. The review identified the woman presented as Laila Rao in one video as television actress Smriti Khanna, and says edited audio-visual material falsely portrayed her as promoting the investment. It also reports that Isha Foundation warned that the scheme used Jaggi Vasudev’s material without authorization, including voice cloning, and said he was not involved in investment schemes. These findings support the review’s conclusion that the videos were deceptive promotions for a fraudulent scheme.

Folha de S.PauloEconomy & business

Um vídeo no TikTok exibe uma captura de tela de uma aparente reportagem com a foto do ministro da Fazenda, Fernando Haddad (PT), acompanhada do título “Haddad diz que pode bloquear até R$ 23 bilhões para cumprir déficit zero”. O autor da postagem acrescenta abaixo comentários que associam o anúncio deste ano ao extinto Plano Collor, de 1990, que confiscou cadernetas de poupança: “Não parece familiar??”.

Publisher’s rating: Enganoso

The review examines a post that linked a proposed budget measure to the savings confiscation under former president Fernando Collor de Mello in 1990. It says the post’s screenshot appeared to show a Jovem Pan item using the same headline and photo of Finance Minister Fernando Haddad, but that item concerned limiting authorized federal spending in 2024 to pursue a zero fiscal-deficit target—not confiscating savings. The review also says other outlets reported the proposed contingency and that it had no connection to savings confiscation. (S1: “Um print na postagem verificada pelo Comprova remete, aparentemente, a uma publicação do site da Jovem Pan que utiliza o mesmo título e foto do ministro Fernando Haddad.”; “A reportagem do portal trata, na verdade, de um anúncio de Haddad sobre limitar, no ano que vem, recursos da União com uso autorizado na Lei de Diretrizes Orçamentárias para atingir a meta de déficit fiscal zero, quando os gastos públicos se equiparam à arrecadação.”; “A previsão de contingenciamento do dinheiro público feita pelo ministro também foi noticiada por outros veículos (como a Folha), que reforçam que não há qualquer relação com confisco de poupanças.”)

El Detector / Univision NoticiasEconomy & business

Los cajeros automáticos en México manchan los billetes de tinta verde fluorescente en el caso de robo y esto hace que pierdan su valor.

Publisher’s rating: Falso

The investigation examined a message claiming that Mexican ATMs release fluorescent green ink onto banknotes during a robbery, rendering the notes worthless. The review says the claim had circulated for at least six years and that the message urged people not to accept such notes because they would be rejected as having no value. It also describes the accompanying images as showing green-stained edges on 500-peso notes. To check the alleged ATM function, the outlet contacted the press team of the Asociación de Bancos de México (ABM) by email. The ABM said that ATMs do not stain banknotes and characterized the post as false. The review also consulted a Banco de México document, “Preguntas frecuentes sobre la validez de los billetes maltratados,” dated May 2023. That document says banknotes stained with substances including paint or ink retain their value, subject to a qualification: the stain must not have been applied to conceal a religious, political, or commercial message. The review further reports that a Google search using terms about green-stained Mexican banknotes found no results indicating that ATMs have this function, while turning up earlier debunks from 2017 and 2019. Its conclusion rests on the ABM’s direct response and the Banco de México guidance: the claimed ATM staining function was denied, and staining of the kind described does not by itself make a note invalid.