Latest Government aid for industry News

US regulators bar govt telecom funds for Huawei, ZTE

Nov. 22, 2019 2:29 PM EST

U.S. communications regulators have cut off government funding for equipment from two Chinese companies, citing security threats. The Federal Communications Commission also proposed requiring companies that get government subsidies to rip out any equipment from Huawei and ZTE that they already have in place....

Alaska tax change group sues over ballot initiative wording

Nov. 18, 2019 2:25 PM EST

ANCHORAGE, Alaska (AP) — A group seeking changes to Alaska’s oil tax credit system filed a lawsuit against state officials over language describing its initiative. Vote Yes for Alaska’s Fair Share filed a complaint in Anchorage Superior Court Nov. 14 against Republican Lt. Gov. Kevin Meyer...

AP Explains: Iran gas price protests quickly turn violent

Nov. 18, 2019 7:10 AM EST

DUBAI, United Arab Emirates (AP) — Protests over gasoline prices have swept across some 100 cities and towns in Iran, turning violent faster than widespread economic protests in 2017 and rallies over the country’s disputed 2009 presidential election. The scale of the unrest that began on Friday...

Partisan divide seen in how local news should be propped up

Nov. 17, 2019 1:38 PM EST

NEW YORK (AP) — The nation’s partisan divide is evident when Americans are asked about what should be done to help the nation’s struggling local news industry. While two-thirds of Democrats say news organizations in need should be able to receive government or private funding in order to...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Tesla to build factory in Germany after subsidies announced

Nov. 13, 2019 12:35 PM EST

BERLIN (AP) — Germany on Wednesday hailed Tesla’s decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electric cars. Tesla CEO Elon Musk said during an awards ceremony in the German capital Tuesday evening that...

Honolulu council and mayor approve $214M for rail project

Nov. 13, 2019 9:34 AM EST

HONOLULU (AP) — The Honolulu City Council and Mayor Kirk Caldwell have approved a $214 million spending bill for the city rail project, officials said. The bill approves an annual maximum of $26 million toward the $9.2 billion project for rail service from East Kapolei to Ala Moana, The Honolulu...

NYC public housing apartment rented out illegally on Airbnb

Nov. 9, 2019 2:43 PM EST

NEW YORK (AP) — Boston resident Rachel Valerio thought her $90-a-night Airbnb apartment in New York City was a good deal until she realized she had booked an apartment in a New York City Housing Authority complex. Valerio tells The New York Times that the apartment was highly rated on Airbnb but it smelled...

Amtrak reports record revenue, ridership, but still in red

Nov. 8, 2019 3:38 PM EST

NEWARK, N.J. (AP) — Amtrak on Friday reported record ridership and revenue figures for the fiscal year that ended Sept. 30, leading officials to predict the heavily subsidized railroad could eliminate operating losses as soon as next year. The government-owned passenger railroad said it provided 32.5...

Japan's Softbank posts big losses after WeWork debacle

Nov. 6, 2019 12:51 PM EST

TOKYO (AP) — SoftBank, the Japanese technology conglomerate famous for seismic and visionary bets, has lost $4.7 billion in the WeWork debacle, the company said Wednesday. SoftBank posted losses of 700 billion yen ($6.4 billion) in the July-September quarter, with the damage coming largely from its Vision...