Category: Economics 100
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U.S.–EU Trade Agreement
The United States and the European Union issued a joint statement on August 21, 2025, providing detailed terms for the Framework Agreement on Reciprocal, Fair, and Balanced Trade, which was initially struck at the end of July 2025. This deal addresses trade imbalances, reduces tariffs and non-tariff barriers, enhances market access, and promotes cooperation in…
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NBIM Israeli Divestment
Norway’s $2 trillion sovereign wealth fund—the world’s largest—announced it anticipates further divestments from Israeli companies as its review of holdings tied to the situation in Gaza and the West Bank continues. NBIM CEO Nicolai Tangen stated on August 12, 2025, that the fund “expects to divest from more companies” as the review continues. The ethics…
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Apple Reshores Manufacturing
Apple Inc. announced a $100 billion domestic manufacturing pledge on August 6, 2025, aimed at expanding U.S. production, as confirmed by a White House official. This commitment is part of a broader strategy to align with President Donald Trump’s tariff and trade agenda, which seeks to reshore manufacturing to the United States. The pledge is…
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RMB Tokenized Fund Launch
On July 17, 2025, the Hong Kong arm of China Asset Management (ChinaAMC), China’s second-largest fund firm, launched the world’s first renminbi (RMB)-denominated tokenized money market fund. Economics 100, Chief Economist: Executive SummaryOn July 17, 2025, China Asset Management (Hong Kong) launched the world’s first RMB-denominated tokenized money market fund, a landmark in both China’s financial…
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BRICS Investment Guarantee Fund
The BRICS alliance is set to launch a new investment guarantee fund, backed by the New Development Bank (NDB), aimed at reducing financing costs and boosting investment in member states, positioning it as a rival to the World Bank’s Multilateral Investment Guarantee Agency (MIGA). The initiative, reported on July 3, 2025, by Reuters, has received…