Tag #Economy

nbcnews.com
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Goldman Sachs Deploys Generative AI Assistant, Potentially Impacting 200,000 Finance Jobs

Goldman Sachs is rolling out a generative AI assistant to 10,000 employees, aiming for company-wide access this year; the tool will initially handle tasks like email summarization and code translation, eventually evolving to perform complex tasks autonomously, potentially impacting up to 200,000 job...

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40% Bias Score

Decent Work and Economic Growth
faz.net
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Stargate: $500 Billion AI Data Center Project Launched

OpenAI, Oracle, and Softbank announced a $500 billion, four-year initiative called Stargate to build AI data centers in Texas, led by Masayoshi Son, aiming to secure US AI leadership and create hundreds of thousands of jobs, with potential energy consumption concerns.

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48% Bias Score

Decent Work and Economic Growth
aljazeera.com
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Trump's Return Threatens Canada's Economy

President Trump's return to the White House threatens Canada's $2.1 trillion economy with potential 25 percent tariffs on Canadian exports to the US, exacerbating existing domestic pressures such as slow growth, a housing crisis, and public discontent, creating a volatile political climate ahead of ...

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60% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Trump Delays Tariffs, Threatens New Duties on China and EU

On February 1, President Trump threatened 10% tariffs on Chinese imports due to fentanyl trafficking and additional tariffs on the European Union for trade imbalances, delaying previously announced tariffs on Canada and Mexico, citing 300 daily fentanyl overdose deaths in the U.S. as justification.

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60% Bias Score

Reduced Inequality
bbc.com
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Trump Announces $500 Billion Private Investment in US AI Infrastructure

President Trump announced a $500 billion private-sector investment in US AI infrastructure, dubbed "Stargate," projected to create 100,000 jobs and spearheaded by OpenAI, Oracle, SoftBank, and Arm, with $100 billion immediately allocated.

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40% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
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Trump Threatens Tariffs, Reverses Green Energy Funding

President Trump threatened 10% tariffs on Chinese goods starting February 1st, citing fentanyl trafficking, and also plans tariffs on the EU due to a $350 billion trade deficit; he also halted $300 billion in green energy funding and withdrew from the global minimum corporate tax agreement, while la...

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48% Bias Score

Reduced Inequality
us.cnn.com
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Stargate Project: $100 Billion US AI Infrastructure Investment Announced

OpenAI, SoftBank, and Oracle announced a $100 billion (with potential expansion to $500 billion) project called Stargate to build AI infrastructure in the US, creating 100,000 jobs, aiming to surpass China in AI development, and potentially securing US national security.

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60% Bias Score

Decent Work and Economic Growth
pt.euronews.com
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Trump's $500 Billion AI Investment Sparks Market Volatility

President Trump announced a $500 billion AI infrastructure investment called "Stargate", involving OpenAI, Oracle, and Softbank, to bolster US leadership in AI development against China, prioritizing fossil fuels over renewable energy, causing mixed market reactions.

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44% Bias Score

Industry, Innovation, and Infrastructure
cnbc.com
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EU Vows Proportionate Response to Potential US Tariffs

The EU will proportionately retaliate against any U.S. tariffs, as stated by its economy commissioner, highlighting the risk of global economic downturn if U.S.-EU trade relations deteriorate; in 2023, the EU exported over \$522 billion in goods to the U.S., exceeding imports.

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36% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 90% Global Worthiness
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Trump's Return: Investigations Replace Immediate Tariffs, Uncertainty Remains

On his first day back in office, President Trump initiated investigations into unfair subsidies and currency manipulation by China, Europe, Mexico, and Canada, instead of imposing immediate import tariffs as previously threatened, causing initial market relief but also uncertainty.

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 90% Global Worthiness
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Mercuria-Backed $1.5 Billion Initiative to Protect the Amazon

Backed by Mercuria, a $1.5 billion initiative called "Race to Belém" will sell carbon credits to protect the Amazon rainforest, working with Brazilian states, farmers, and local communities to prevent deforestation, starting immediately and expanding over 3-5 years.

Progress

36% Bias Score

Climate Action
gr.euronews.com
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Europe's Unity and Self-Reliance in Response to Trump Presidency

At a Euronews event in Davos, European leaders discussed bolstering unity and competitiveness amidst President Trump's inauguration, emphasizing increased defense spending, digital investments, and deeper integration to counter potential US isolationism.

Progress

36% Bias Score

Industry, Innovation, and Infrastructure