By David Shepardson WASHINGTON (Reuters) -AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are levied on cell phone and landline service subscribers to […]
(Bloomberg) — Nigeria’s reintroduction of a gasoline subsidy months after it was scrapped is expected to guzzle almost half of its projected oil revenue this year, according to the International Monetary Fund. Most Read from Bloomberg The implicit subsidy will cost Africa’s largest crude producer an estimated 8.43 trillion naira ($5.9 billion) of its projected […]
WASHINGTON (AP) — Twenty-three million families in the U.S. will have bigger internet bills starting in May. That’s because a federal broadband subsidy program they’re enrolled in is nearly out of money. Dozens of people joined Biden administration officials, advocates and U.S. Sen. Peter Welch, a Democrat from Vermont, at a Washington public library on […]
Apr. 9—Dairy farmers and their supporters are protesting a last-minute, 50% budget reduction in Maine’s wholesale milk price subsidy program that they say threatens the state’s already struggling dairy farms. In a late-night budget session over the weekend, the Legislature’s appropriations committee cut proposed funding to the Dairy Stabilization Program from $8.9 million to about […]
By Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be unveiled […]
By Kopano Gumbi and Rachel Savage JOHANNESBURG, March 12 (Reuters) – Angola’s government is committed to completing its plan to remove all fuel subsidies, the country’s finance minister said on Tuesday, without specifying a timeline for cutting the costly benefits after deadly protests over the issue last year. A near-doubling of fuel prices in June […]
The White House is pressing Congress to extend a subsidy program that helps one in six U.S. families afford internet and represents a key element of President Joe Biden‘s promise to deliver reliable broadband service to every American household. “For President Biden, internet is like water,” said Tom Perez, senior adviser and assistant to the […]
Farmers have driven thousands of tractors into Berlin, capping a week of demonstrations against a plan to scrap tax breaks on the diesel they use. The protest has tapped into wider discontent with Germany’s government. Columns of tractors rolled through the capital ahead of the demonstration at the landmark Brandenburg Gate on Monday. Farmers drove […]
DUBAI (Reuters) – The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday. Industry has been waiting anxiously for the guidance from the […]