Aug 27, 2026
Bank of America announced a $250 billion commitment to finance domestic infrastructure and digital projects by July 2027, aimed at boosting economic growth and creating jobs. The initiative comes as the bank seeks to align with the Trump administration's priorities.
The European Union has issued a tender to establish up to seven AI Gigafactories across Europe, aiming to enhance the continent's computing infrastructure and technological sovereignty with more than €30 billion in projected investment.
The Trump administration is preparing to increase funding by hundreds of millions of dollars for programs countering China's global influence, including $175.8 million for a Caribbean and Central America undersea cables initiative, after previously halting many such programs.
Outgoing Prime Minister Keir Starmer has unveiled a £300bn defence investment plan that includes an additional £15bn in military spending over four years, to be funded by cutting investment budgets for energy, transport, and housing rather than borrowing. The plan allocates over £5bn for drones and autonomous systems.