Category: Economics
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Big Tech to Pour $2.8T Into AI Infrastructure by 2029
Citigroup (Citi) has updated its forecast for AI-related infrastructure spending by major technology companies (often referred to as “Big Tech” or hyperscalers like Microsoft, Amazon, Google, and Meta). The bank now projects this cumulative spending to exceed $2.8 trillion through 2029, up from its previous estimate of $2.3 trillion. This revision reflects accelerated investments in…
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Targeting Drugs, Trucks, and Furniture
On September 25, 2025, President Donald Trump announced a new round of import tariffs targeting pharmaceuticals (drugs), heavy-duty trucks, and various household furnishings (including furniture, kitchen cabinets, and bathroom vanities). These measures, framed as national security protections under Section 232 of the Trade Expansion Act of 1962, aim to shield U.S. manufacturers from “unfair foreign…
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Japan Unveils $550B U.S. Investment
On September 26, 2025, Japan’s Ministry of Finance (MOF) formally announced the creation of a new dedicated investment facility at the Japan Bank for International Cooperation (JBIC), a wholly state-owned policy-based financial institution specializing in financing Japanese firms’ overseas projects. This facility is designed to operationalize Japan’s commitment to a $550 billion investment package as…
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TikTok Ownership Pivot
On September 15, 2025, U.S. and Chinese officials announced a framework agreement during trade talks in Madrid, Spain, aimed at resolving long-standing concerns over TikTok’s U.S. operations. The deal seeks to transfer ownership of TikTok’s American assets from its Chinese parent company, ByteDance, to U.S.-controlled entities, averting a potential nationwide ban in the U.S. Economics…
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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…