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…
Czech billionaire ex-PM stands trial accused of EU subsidy fraud
PRAGUE (Reuters) – Former Czech prime minister Andrej Babis stood trial on Monday over fraud accusations connected to a 2 million euro ($2 million) European Union subsidy that have marred his political…
Senate Advances Massive Subsidy Bill For The Semiconductor Industry
Senate Advances Massive Subsidy Bill For The Semiconductor Industry Max Keating on July 20, 2022 The Senate voted 64-34 to advance a more modest version of a long-debated bill that would subsidize…
GlobalFoundries CEO: New York chip factory likely delayed if U.S. subsidy bill fails
By Stephen Nellis and Jane Lanhee Lee (Reuters) – A planned semiconductor factory in upstate New York will likely be delayed if a bill to bolster the U.S. computer chip industry fails…
Nancy Pelosi’s Husband Buys Millions In Chip Stocks Right Before Vote On Massive Chip Subsidy
Nancy Pelosi’s Husband Buys Millions In Chip Stocks Right Before Vote On Massive Chip Subsidy Gabe Kaminsky on July 15, 2022 House Speaker Nancy Pelosi’s husband Paul bought up to $5 million…
Malaysia plans record $18 billion subsidy spend in inflation fight
KUALA LUMPUR – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising…
U.S, E.U will seek to head off subsidy race over chip production, official says
By Alexandra Alper WASHINGTON – The United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a…
Sen. Blumenthal’s Family Splurged On Intel Stock Before He Voted For A Massive Subsidy Bill
Sen. Blumenthal’s Family Splurged On Intel Stock Before He Voted For A Massive Subsidy Bill Gabe Kaminsky on May 14, 2022 Democratic Connecticut Sen. Richard Blumenthal recently disclosed that an investment fund…
Colombia fuel subsidy deficit projected to more than double to $8.8 billion
BOGOTA – Colombia’s fuel subsidy fund is projected to more than double its deficit to 33.7 trillion pesos ($8.8 billion) this year because of high oil prices, the country’s fiscal rule committee…
Japan raises gasoline subsidy to maximum of 25 yen per litre
TOKYO – Japan raised its gasoline subsidy for oil distributors to the maximum figure of 25 yen ($0.1944) a litre for the seven days from April 21, up from 20.3 yen a…
Breaking News
