January 16, 2026
United States:
Trump Moves to Make Tech Giants Pay for Surging Power Costs
President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants.
The unprecedented plan, set to be announced Friday morning, seeks to address growing tensions over how the nation can supply electricity to power-hungry data centers — seen as necessary to help win the global AI race — without simultaneously hiking utility bills for homes and businesses.
Europe:
Germany to Hand EV Buyers Up to €6,000 a Car to Boost Demand
Germany is set to start a major subsidy program for electric vehicles worth €3 billion ($3.5 billion), renewing efforts to push sales and support one of its key industries.
The fresh round of funding, first outlined in October, is enough for about 800,000 cars, according to Environment Minister Carsten Schneider.
Asia:
China’s Slowdown Is Set to Deepen as Pivot to Consumption Stalls
China’s economy likely capped 2025 with its weakest quarterly growth in three years, exposing a lopsided reliance on exports over consumption that’s set to extend into coming months.
After weathering Donald Trump’s trade war thanks to record sales outside the US, China is set to release data on Monday showing that a historic contraction in investment and faltering consumption are offsetting the momentum given by the export boom.
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