Telecommunications towers continue to stand out as a defensive growth sector amid broader macroeconomic and geopolitical uncertainty. With no direct exposure to tariffs and minimal sensitivity to economic cycles, tower companies offer a rare combination of predictability and growth.

Infrastructure traditionally has been associated with physical assets such as roads, bridges, airports, power grids and water systems — foundational systems that support the functioning of society and the economy. However, during the past decade, the definition of infrastructure has expanded to include sectors that may not appear as conventional hard assets but are essential to modern economic activity.

Global decarbonization targets demand trillions of euros in annual investment in clean-energy infrastructure. Yet, despite the abundance of institutional capital, not enough of it is reaching the kinds of projects and platforms that will move the needle on emissions.

As President Trump implements tariffs ranging from 25 percent to 40 percent on multiple countries, the question of which nations are most dependent on the United States becomes increasingly important. A new study by Atmos analyzed financial and commercial ties between the United States and major economies worldwide to identify which countries face the greatest exposure to American policy changes.

The Federal Reserve’s long-standing inflation target — currently set at 2.0 percent annually — is often framed as a pillar of economic stability and prudence. But beneath this seemingly benign figure lies a deliberate and systematic policy that slowly erodes the value of the world’s reserve currency: the U.S. dollar.