US to release hydrogen subsidy guidance after COP28
By Valerie Volcovici 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…
Argentina’s presidential candidates face $12 billion energy subsidy conundrum
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina has a $12 billion energy conundrum: what to do about state subsidies that keep prices at a minimum for two-thirds of consumers, a popular…
DAVID BLACKMON: Do Big Wind Project Cancellations Signal Peak Subsidy Has Been Reached?
DAVID BLACKMON: Do Big Wind Project Cancellations Signal Peak Subsidy Has Been Reached? David Blackmon on November 4, 2023 The last few months have seen a parade of troubling news related to…
EU seeks to ease US tariff, green subsidy threats
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation…
Malaysia sees greater savings from shift to targeted subsidy system – Bloomberg, citing minister
KUALA LUMPUR (Reuters) – Malaysia expects to save at least $1 billion to $2 billion a year from a shift to a targeted subsidy system in a bid to narrow its fiscal…
US offshore wind projects seek looser subsidy rules in fight for survival
By Nichola Groom (Reuters) – A fleet of U.S. offshore wind projects central to President Joe Biden’s climate change agenda may not move forward unless his administration eases requirements for subsidies in…
Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply,…
Nigeria’s Tinubu says scrapping fuel subsidy has saved $1.32 billion
By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and moved to…
Analysis-End of Nigerian fuel subsidy set to squeeze Europe’s refiners
By Shadia Nasralla LONDON (Reuters) – One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country’s domestic…
Intel near deal on 9.9 billion euro German government subsidy, Handelsblatt says
(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt…
U.S. and South Korea agree to minimise chipmakers’ uncertainties on subsidy requirements -ministry
SEOUL (Reuters) – The U.S. secretary of commerce and her South Korean counterpart agreed to “minimise uncertainties” of chipmakers’ investments amid new U.S. semiconductor subsidies, Korea’s industry ministry said on Friday. Companies…
EU takes on United States, Asia with chip subsidy plan
By Foo Yun Chee BRUSSELS (Reuters) -The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch up with the United…
Factbox-How U.S. electric vehicle subsidy rules impact Europe
BRUSSELS (Reuters) – The U.S. Treasury Department is expected to give guidance on Friday on tax breaks for consumers buying electric vehicles and Europe’s auto sector and policymakers will be closely watching…
Union Joe? Biden’s Foreign Mining Subsidy Scheme Riles Organized Labor
Union Joe? Biden’s Foreign Mining Subsidy Scheme Riles Organized Labor Mary Lou Masters on March 23, 2023 Labor unions in the U.S. are pushing back against President Joe Biden for allowing foreign…
Germany’s Scholz: EU wants to avoid subsidy race with U.S.
BERLIN (Reuters) – The European Union wants to avoid a subsidy race against the United States and does not want to fare behind Mexico or Canada as a trading partner, German Chancellor…
Seven EU countries oppose new EU funding as response to U.S. subsidy plan – letter
By Jan Strupczewski BRUSSELS (Reuters) – Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU…
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the…
China’s BYD raises car prices after subsidy cuts
SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last…
Portugal to give one-off subsidy to poorest families amid soaring inflation
LISBON (Reuters) – Portugal’s government approved a one-off subsidy of 240 euros for over a million poor families, whose purchasing power is being hard hit by soaring inflation, Labour Minister Ana Mendes…
India foodgrain subsidy bill to surge 30% to $33 billion this year – source
By Nikunj Ohri New Delhi (Reuters) – India’s spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal year, as the government continues to provide…
EU to adapt state aid schemes in response to U.S. subsidy package
BRUSSELS (Reuters) -The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said on Sunday.…
France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package
PARIS (Reuters) – France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but Europe must act to protect the bloc’s economic interests, Finance…
VW’s SEAT says is optimistic in finding solutions on Spain’s subsidy offer
MADRID (Reuters) – The chief of Volkswagen’s Spanish unit SEAT said on Thursday he is “optimistic” in finding “solutions” with national and regional authorities regarding the subsidy offer it received to build…
ECB gets rid of subsidy on bank loans to mop up cash
By Francesco Canepa and Yoruk Bahceli FRANKFURT (Reuters) – The European Central Bank on Thursday got rid of a subsidy on over 2 trillion euros of loans to banks to encourage them…
China says U.S. EV subsidy rules suspected of violating WTO rules
BEIJING (Reuters) – China said the U.S. Inflation Reduction Act is suspected of violating the WTO rules and will adopt measures to safeguard its legitimate rights when necessary, the commerce ministry spokesperson…
S.Korea’s Yoon asks Biden to resolve concerns over EV subsidy rules
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to help address Seoul’s concerns that new U.S. rules on electric vehicle subsidies will hurt the country’s…
Breaking News
