Tag: trillion
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment
SEOUL, Sept 1 : South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry sai
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Japan aims to cap FY27 new bond issuance at 40 trillion yen, PM says in Yomiuri interview
TOKYO, Aug 28 : Japan’s government aims to keep new government bond issuance to around 40 trillion yen ($251 billion) for the fiscal 2027 budget, Prime Minister Sanae Takaichi said in an interview with the Yomiuri newspaper.Her comments came as Japan’s budget requests from government ministries and agencies f
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Samsung Electronics shares skid as record shareholder returns disappoint
SEOUL, Aug 24 : Shares of Samsung Electronics fell 8 per cent in early trade on Monday after the company’s record $79 billion shareholder-return plan disappointed investors who had expected a larger share of Samsung’s AI-fueled cash windfalls and greater clarity on share buybacks.The South Korean chipmake
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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US national debt exceeds US$40 trillion for first time
WASHINGTON: The US gross national debt has surged past US$40 trillion for the first time, government data showed on Wednesday (Aug 19), outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.The uptick in borrowing comes as longer-term US obligations linked to
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Amazon enters $3 trillion club as AI, cloud growth power rally
Aug 3 : Amazon’s market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company’s main profit engine.Its shares were last up 5.5 per cent at $286.20, hitting a reco
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Amazon enters $3 trillion club as AI optimism sweeps through Wall Street
Aug 3 : Amazon touched a $3 trillion market capitalization for the first time on Monday, joining a handful of Wall Street giants at the top as a wave of renewed artificial intelligence optimism lifted technology stocks to new highs. Its shares were last up 3.1 per cent at $279, hitting a record high and…
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Apple briefly tops $5 trillion market value for first time
July 28 : Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72 per cent at $339.33, giving it a market capitalization of $4.98 trillion. At a session high of $342.
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Apple briefly becomes second company ever to notch $5 trillion market value
July 28 : Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2 per cent at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89,
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SoftBank’s Son says AI will need $5 trillion per year by 2040, dismisses bubble talk
TOKYO, July 14 : The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is “absurd”, SoftBank Group CEO Masayoshi Son said on Tuesday.Over the past two years, the technology investment group has embarked on an expansive investment
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