The European Commission has given Germany permission to invest around €3 billion in its hydrogen infrastructure to build long-distance pipelines. The commission on Friday said that the positive effects of the government subsidies would be greater than the potential damage that could be caused by distortions of competition. Germany and other countries are investing in […]
A company will soon shift jobs from one downtown Detroit building to another. But this much-celebrated move — by General Motors out of the Renaissance Center next year and into the new Hudson’s site development — could come at an extra cost to the state. The planned relocation of GM’s global headquarters could trigger a […]
The renowned whiskey writer Clay Risen recently recounted in The New York Times how nal t’eel, a Mexican corn varietal grown on the Yucatán Peninsula for more than 4,000 years, was saved when a local craft distillery started making whiskey with it. While a gripping and inspiring tale on its own, the resurgence of nal […]
KUALA LUMPUR, Malaysia (AP) — Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. The restructuring eliminates blanket energy subsidies and redirects them to the needy. They’re part of economic reforms pledged by Prime […]
(Bloomberg) — Electricity bills will soar this month for most Argentine households heading into a particularly harsh winter as President Javier Milei marches on with economic shock therapy. Most Read from Bloomberg For the first time since Milei took office, low-income homes will see the energy cost of their utility bills double on average in […]
German automakers have invested heavily in China in recent decades (Hector RETAMAL) The chief executive of German luxury carmaker BMW on Wednesday warned the European Union’s investigation into Chinese electric car subsidies runs counter to free trade. The EU launched the inquiry last year, fearing that Chinese subsidies are a threat to Europe’s own vast […]
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Wang was counting on a 100,000 yuan ($13,800) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in. The 30-year-old now […]
Micron has inked a deal for $6.1 billion in subsidies from the federal government to help pay for its chip-making plants in Boise and New York state, the Biden administration announced Thursday. President Joe Biden was traveling to Syracuse, New York, on Thursday to tout the award. The preliminary, nonbinding agreement will mobilize the economy […]
(Bloomberg) — The Malaysian government’s long-awaited plan to cut fuel subsidies this year and tighten its finances has hit a major speed bump: Most citizens aren’t cooperating. Most Read from Bloomberg Less than half of Malaysians have updated their income details in a government database that will enable authorities to determine where handouts should be […]
President Joe Biden on Tuesday called for extending a subsidy boost under the Affordable Care Act that is set to expire after 2025, underscoring one of the most immediate health care policy implications of the upcoming election. The president boasted that he made the ACA — also known as “Obamacare” — “stronger than ever before” […]
Independent US presidential candidate Robert F Kennedy Jr offered staunch support for Israel in a Reuters interview, calling it a “moral nation” that was justly responding to Hamas provocations with its attacks on Gaza and questioning the need for a six-week ceasefire backed by US president Joe Biden. Mr Biden has also been a vocal […]
Financial advisor and columnist Michele Cagan At the age of 60, I recently entered retirement after being a business owner. I’ve been securing health insurance through the marketplace since its inception. Currently, my income is derived solely from withdrawing money from my taxable portfolio, comprising reported dividends and capital gains totaling less than $60,000 annually. […]