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G7 Summit – can a $600bn fund combat China’s dominance?

Published

3 years ago

June 28, 2022

As China’s influence continues to grow over developing nations, the G7 has relaunched its infrastructure funding scheme

Led by U.S President Joe Biden, leaders are pledging to spend a total of $600 billion of both private and public funds by 2027

The fund is largely similar to a the scheme launched at Cornwall just last year, and provides an alternative to the Chinese belt and road initiative.

U.S. President Joe Biden kicked off the G7 leaders summit with a series of meetings with other world leaders during the three day event in the Bavarian Alps, dominating the conversation is the war in Ukraine, and how leaders can try to curb the conflicts effect on the global economy, while ratcheting up pressure against Russia by enjoying the leaders of the world’s wealthiest democracies including Canada, the UK, Germany, France, Italy and Japan.

The meetings come amid tall challenges for Biden domestically and internationally.

At home Biden faces the fallout from the Supreme Court ruling on Friday that eliminated the constitutional right to abortion and soaring inflation that threatens to pull the US into a recession.

Abroad, the war in Ukraine has triggered a looming global food shortage and soaring energy prices. The President discussed his green agenda.

“Today we officially launched the Partnership for global infrastructure and investment. We collectively have dozens of projects already underway around the globe. And I’m proud to announce that the United States will mobilise $200 billion in public and private capital over the next five years for that partnership,”
biden says

Following the G7, the President will head to Spain for NATO’s annual Leaders Summit.

Related Topics:biden Business china Featured Politics trending

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RBA rate hike fears & Fed cuts shake Wall Street

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Published

9 minutes ago

December 12, 2025

Harvey Vargas

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.

Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.

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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews

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Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

Published

24 hours ago

December 11, 2025

Harvey Vargas

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker

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Elon Musk’s SpaceX plans $25 billion IPO in 2026

Published

1 day ago

December 11, 2025

Harvey Vargas

SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.

Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup