Japanese companies will finance investments valued at $36 billion in energy and minerals projects in Ohio, Texas and Georgia as part of a trade agreement that will cut U.S. tariffs on Japanese imports to 15%, according to the Trump administration. The announcement is part of Japan’s 2025 agreement to invest $550 billion over the next four years at the direction of the U.S., with the funds aimed at rebuilding and expanding core American industries. In October, the Trump administration provided details on Japanese investments of up to $332 billion to…
Posts published in “Business”
Japan is preparing to lift long-standing restrictions on lethal weapons exports, marking another step in the erosion of its post-war arms export taboo. While the reform creates new diplomatic and commercial opportunities and allows deeper security cooperation with regional partners, Japan’s defence industrial base remains small, costly and capacity-constrained. Domestic procurement demands and labour shortages mean exports will likely remain modest, limiting the policy’s practical and strategic impact on regional military balances. Prime Minister Sanae Takaichi’s government is looking to loosen Japan’s long-standing restrictions on weapons exports, marking another step…
The search for rare earths for energy transition is often regarded as a form of neo-colonialism, and today it is the area in which this phenomenon manifests itself most clearly, especially due to its geopolitical and economic effects. However, there are other neo-colonial practices that are less visible but with equally negative consequences at the local level. One of these is the export of waste to Africa and Asia by Western countries, particularly the export of plastic, clothing, and electronic waste. The export of waste to the Global South is…
Few ideas in global finance generate as much anxiety as de-dollarization. To some Western observers, any attempt to reduce reliance on the US dollar is automatically framed as a political challenge to American power. Yet for much of the developing world, the conversation is far less ideological and far more practical. The push to diversify global payment systems and promote the use of local currencies is not about confrontation; it is a response to economic realities that many countries have lived with for decades. The dominance of the dollar has…
Red flags that both job seekers and employers should watch for, in an era of AI slop and application scams. Hello world, My name is Andrew Losowsky, and I’m Product Director & Editor at The Markup and CalMatters. A few months ago, we wanted to hire a new engineer. Hiring is always a lengthy process, but this time I had to wade through what felt like an ocean of generative AI slop. Fake and exaggerated resumes have always existed, but now, thanks to the rise of AI tools, it’s incredibly…
The U.S. Supreme Court is currently reviewing a case to determine whether President Donald Trump’s global tariffs are legal. Until recently, tariffs rarely made headlines. Yet today, they play a major role in U.S. economic policy, affecting the prices of everything from groceries to autos to holiday gifts, as well as the outlook for unemployment, inflation and even recession. I’m an economist who studies trade policy, and I’ve found that many people have questions about tariffs. This primer explains what they are, what effects they have, and why governments impose…
When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…
The worldwide banking ecosystem is undergoing continuous transformation driven by technology. Today, banking services are no longer limited to physical branches, as clients increasingly rely on remote solutions.One of the most visible changes is the rise of digital banking, which allows users to manage accounts, transfers, and financial products without visiting a branch. Closely related to this trend is mobile banking, enabling customers to access financial tools directly from their smartphones, regardless of location.Technological progress has also led to the expansion of FinTech solutions, reshaping how financial institutions operate and…
The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing “multi-layered and irreversible” real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with the Global Times. The comments from Wei Shaojun, vice chairman of the China Semiconductor Industry Association (CSIA), came in response to the Netherlands placing Nexperia under special administrative measures over so-called security concerns. The Dutch Ministry of Economic Affairs revealed on October 12, 2025 that it had invoked the 1952…
The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from April 1, 2026. Meanwhile, the export tax rebate rate for the value added tax of battery products will be reduced from 9 percent to 6 percent starting from April 1, 2026, and will be eliminated starting from Jan. 1, 2027, according to the announcement. The move is welcomed by China’s domestic industry, with the China Photovoltaic Industry Association…