Latest Government aid for industry News
Trump administration sued over Georgia health plan
ATLANTA (AP) — Georgia's plan to overhaul how state residents buy health insurance under the Affordable Care Act would “tear a hole” in the ACA, “eviscerating” its achievements, a federal lawsuit says. Under the plan, Georgia would be the first state to bypass the HealthCare.gov...
Oil giant Total withdraws from US energy lobbying group
PARIS (AP) — French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies. Total said in a statement Friday it would not renew its membership for 2021 following an analysis of API's position on climate...
2 nuke plants, 1 bribery scandal, no answers: Towns on edge
TOLEDO, Ohio (AP) — For much of the past four years, the residents of a pair of villages along Lake Erie have been on edge over the fate of their nuclear plants, which generate enough tax money to pay for nicer schools than their neighbors. Like many U.S. nuclear plants struggling to compete with with...
Cuba tweaks socialist model to encourage work amid crisis
HAVANA (AP) — For more than 60 years, Cuba supplied at least some rice, milk, beans, sugar, chicken, electrical power and even cigarettes to its people nearly free of cost regardless of whether they worked, allowing many to survive without a job or depend solely on remittances. But this year, the...
Court tosses convictions of former Wilmington Trust execs
DOVER, Del. (AP) — A federal appeals court has overturned the convictions of four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program. A three-judge panel on Tuesday reversed the convictions of the former Wilmington Trust...
Syria temporarily cuts supplies of fuel to meet shortages
DAMASCUS, Syria (AP) — Syria’s petroleum ministry on Sunday blamed U.S. sanctions for forcing it to cut by up to 24% its distribution of fuel and diesel because of delays in arrival of needed supplies. The war-ravaged nation already is facing a severe economic crisis that has caused major shortages...
Once again, job losses fall unequally across the US economy
WASHINGTON (AP) — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring. In December, the nation shed jobs for the first time since April. Once...
US unemployment claims slip to still-high 787,000
WASHINGTON (AP) — The number of Americans seeking unemployment aid fell slightly last week to 787,000, a historically high number that points to a weak job market held back by the viral pandemic. Thursday's figure from the Labor Department, a slight decline from the previous week, shows that even with the...
Asian shares mixed as boost from US stimulus package fades
Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief package faded. Benchmarks fell in Tokyo and Sydney but rose in Hong Kong, Seoul and Shanghai. The S&P 500 lost 0.2% on Tuesday, a day after major...
Asian shares up, Nikkei tops 27,000 after Trump OKs stimulus
Stocks rose Tuesday in Asia after closing at record highs on Wall Street. Japan’s Nikkei 225 index breached a nearly 30-year high after President Donald Trump signed a $900 billion economic aid package on Monday, helping to staunch uncertainty as governments reimpose pandemic-fighting travel and business...
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