France’s Le Maire starts talks on green subsidies for EU products under IRA law
PARIS (Reuters) -French Finance Minister Bruno Le Maire said on Monday he has started talks with his counterparts to see if EU-made “green products” sold …
subsidies
U.S., France agreed to “fix” U.S. subsidies issues, says Macron
(Reuters) -President Joe Biden and French President Emmanuel Macron agreed during a state visit earlier this week to “fix” issues arising from U.S. legislation that …
Nigerian subsidies constrain development, says World Bank
LAGOS (Reuters) – Nigeria’s subsidies on petrol, electricity and foreign exchange are mostly benefiting wealthy households, the World Bank said in a report on Monday, …
New G20 irritant for Biden: Restrictive U.S. electric vehicle tax subsidies
By David Lawder NUSA DUA, Indonesia (Reuters) – Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week …
German budget experts push for dividend ban tied to energy subsidies
BERLIN (Reuters) – Budget experts from Germany’s ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at …
ECB to hike interest rates, likely to trim bank subsidies
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank will raise interest rates again on Thursday and likely reel in a …
U.S., EU launch formal group to discuss conflict over EV subsidies
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. and European Union officials will formally launch a task force next week to discuss new American laws that …
Volkswagen to rake in almost half of Spain’s EV subsidies
MADRID (Reuters) – Volkswagen’s Spanish subsidiary SEAT will rake in almost half of the nearly 900 million euros ($888 million) in government subsidies allocated for …
UAW wants U.S. to bar loans, subsidies for Hyundai over workplace issues
By David Shepardson (Reuters) -The United Auto Workers (UAW) union on Friday called on the Biden administration not to award any subsidies, loans or other …
UK’s Hunt says he will raise 32 billion pounds more in tax, limit power subsidies
LONDON (Reuters) -British finance minister Jeremy Hunt, seeking to quell a bond market rout, listed on Monday tax changes that he said would raise an …
Energy subsidies merely delay high inflation, ECB’s Villeroy warns
WASHINGTON (Reuters) – Europe’s energy subsidies may reduce the current rate of inflation but only at the expense of future higher readings, potentially complicating the …
Lawmakers press U.S. Commerce for tougher checks on semiconductor chip subsidies
By David Shepardson WASHINGTON (Reuters) – A group of Democratic lawmakers wants the U.S. Commerce Department to take additional steps to ensure semiconductor companies do …
Analysis-Nigeria squanders oil price bonanza as gasoline subsidies soar
By Julia Payne LONDON (Reuters) – Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact …
Nigeria’s fuel subsidies surpassed $1 billion in Aug as it supplied more petrol
By Camillus Eboh ABUJA (Reuters) – The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent …
SpaceX appeals U.S. FCC rejection of rural broadband subsidies
By Joey Roulette WASHINGTON (Reuters) -SpaceX on Friday challenged the U.S. Federal Communications Commission’s (FCC) decision to deny the space company’s satellite internet unit $885.5 …
Pertamina defers some gasoline imports ahead of cuts to fuel subsidies
NEW DELHI (Reuters) – Indonesia’s state-owned oil giant Pertamina, Asia’s biggest gasoline importer, has deferred some of its gasoline deliveries for September ahead of planned …
Mexico anti-inflation subsidies come with $28 billion price tag
MEXICO CITY – Subsidies from the Mexican government to combat rising inflation in the country have cost some 575 billion pesos ($28.04 billion) this year, …
U.S. Congress passage of subsidies prompts chip makers to move on projects
By Jane Lanhee Lee (Reuters) – Major semiconductor makers on Thursday hailed passage in the U.S. Congress of a pot of federal government money for …
Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas subsidies and a new …
IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
By Rachel Savage LONDON – The IMF said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than …
Pakistan slashes fuel subsidies in bid to control fiscal deficit – finance minister
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure …
Chinese city offers Nobel Prize winners $1.5 million housing subsidies
BEIJING – The industrialised Chinese coastal city of Wuxi is offering Nobel Prize winners up to 10 million yuan ($1.48 million) in housing subsidies to …
Pakistan to keep energy subsidies unchanged against IMF advice
By Asif Shahzad ISLAMABAD – Pakistan said on Saturday it would maintain subsidies to keep fuel and power prices steady for consumers, going against International …
‘Too early’ to say if Poland will seek EU approval for more coal subsidies – minister
By Marek Strzelecki and Kate Abnett WARSAW – It is too early to say if Poland will ask the European Union for approval to extend …
U.S. Energy Secretary unsure if Michigan, California nuclear plants will seek subsidies
By Nichola Groom LOS ANGELES – U.S. Energy Secretary Jennifer Granholm said on Thursday she was unsure if two nuclear power plants with previous plans …
EU launches first WTO challenge against Britain over green subsidies
BRUSSELS – The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member’s green subsidy scheme. …
Factbox: Global fuel subsidies ramped up to counter energy price spike
SINGAPORE – Countries have announced fuel subsidies to cushion consumers from the impact of soaring energy prices after oil skyrocketed last week to 14-year highs. …
Brazil economy minister backs bigger cooking gas subsidies as crude costs soar -sources
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s economy minister backs a proposal to expand cooking gas subsidies for low-income families in response to …