‘This Fails’: Biden Admin’s Rules For EV Subsidies Could Be Ripe For Abuse By China
The Biden administration published guidelines meant to restrict some foreign companies from capitalizing on its climate agenda, but some stakeholders say the rules are not strict enough on China. The “foreign entity…
South Korea asks US to review China rule for chip subsidies
By Soo-hyang Choi SEOUL (Reuters) – South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such…
Japan core CPI likely re-accelerated in April despite energy subsidies- Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of…
Czech budget gap at record $9.3 billion in Jan-April on social spending, energy subsidies
PRAGUE (Reuters) – The Czech Republic’s budget deficit doubled to 200 billion crowns ($9.30 billion) in January-April, a record for the four-month period and reaching two thirds of the full-year target, raising…
EU may struggle to catch up with U.S., Asia in chips subsidies race
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies plan on Tuesday but the relatively modest budget, lack of a domestic…
French lawmakers propose tax credits, subsidies for green industry
PARIS (Reuters) – France could offer tax breaks and subsidies for producing climate friendly technologies in the country, according to proposals on Monday from lawmakers preparing a green industry bill. In the…
Biden Official Says She’s Not Making ‘Social Policy’ With Woke Requirements For Tech-Bill Subsidies
Biden Official Says She’s Not Making ‘Social Policy’ With Woke Requirements For Tech-Bill Subsidies Jason Cohen on March 29, 2023 Lawmakers are in conflict over rules that require the advancement of Democratic…
Japan’s Feb consumer inflation seen slowing sharply on subsidies – Reuters Poll
TOKYO (Reuters) – Japan’s core consumer inflation likely slowed sharply in February from a 41-year high in the previous month, a Reuters poll of 20 economists showed, as government subsidies for gas…
Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies
Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies John Hugh DeMastri on March 13, 2023 The Biden administration’s Sunday decision to guarantee the deposits of all clients…
Biden Budget Calls For End Of Federal Oil And Gas Subsidies
Biden Budget Calls For End Of Federal Oil And Gas Subsidies John Hugh DeMastri on March 9, 2023 President Joe Biden called for an end to all subsidies to oil and gas…
EU companies can get as much in EU aid as US subsidies under looser rules
By Foo Yun Chee BRUSSELS (Reuters) – EU businesses can get as much government funding as from a U.S. green energy subsidy package, under looser European Commission rules announced on Thursday aimed…
EU’s Vestager says any damage from U.S. subsidies is likely to be limited – WSJ
(Reuters) – EU anti-trust chief Margrethe Vestager said any damage to European competitiveness from U.S. subsidies was likely to be limited. Some European companies might be interested in investing in the United…
Green Tech Firms Launch Lobbying Group To Push For Govt Subsidies To Suck CO2 Out Of The Air
Green Tech Firms Launch Lobbying Group To Push For Govt Subsidies To Suck CO2 Out Of The Air John Hugh DeMastri on February 23, 2023 A coalition of more than 20 companies…
Truckers and subsidies rev up interest in fuel cell vehicles
By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) – Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical…
Big subsidies and debt not solution to U.S. inflation act – German finance min
HELSINKI (Reuters) – Large subsidies and debt are not the right response to the U.S. Inflation Reduction Act, which should instead be an opportunity to reconsider the framework conditions for European industry,…
China car sales plunge 38% in January as subsidies, tax cut end
SHANGHAI/BEIJING (Reuters) – China’s passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a tax cut on…
EU warns of ‘unfair’ Chinese subsidies in Green Deal plan – draft
BRUSSELS (Reuters) – Europe and its partners must do more to combat the effect of Chinese subsidies for the manufacture of clean technology products, the European Commission is set to say on…
EU must answer U.S. clean energy subsidies, commissioner says on Washington visit
By David Lawder WASHINGTON (Reuters) – The European Union wants a deal quickly with the United States to resolve a dispute over U.S. electric vehicle tax credits, but the EU must pursue…
New Delhi to tap brakes on capex growth, key subsidies – Reuters poll
By Madhumita Gokhale and Sarupya Ganguly BENGALURU (Reuters) – The Indian government is set to tap the brakes on a torrid pace of capital investment growth in the coming fiscal year as…
EU, U.S. start talks on electric vehicle subsidies – Commissioner
MADRID (Reuters) – The European Commission has opened talks with the United States to discuss subsidies on electric vehicles sold in the North American trade bloc, EU Commissioner for the Internal Market…
Intel delaying German factory start, wants more subsidies, Volksstimme reports
BERLIN (Reuters) – Intel Corp has backed away from its original target of opening a chip factory in the eastern German city of Magdeburg in the first half of 2023, regional newspaper…
California Slashes Solar Panel Subsidies To Improve ‘Equity’
California Slashes Solar Panel Subsidies To Improve ‘Equity’ Jack McEvoy on December 16, 2022 The California Public Utilities Commission voted Thursday to heavily reduce the subsidies homeowners receive for using solar panels…
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 in the United States would benefit from…
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 includes subsidies for American-made products, Macron said…
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, adding that inefficient use of resources was…
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 in a symbolic show of Indonesia’s ambitious…
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