Taxes slow India's solar power rollout but boost manufacture

BENGALURU, India (AP) — In May last year Fortum India, a subsidiary of a Finnish solar developer, won the bid for a solar power project in the state of Gujarat. The project was due to be completed three months ago and would have generated enough electricity for 200,000 homes. But...

Rule delay makes big EV tax credit possible early next year

WASHINGTON (AP) — People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks. The department said late Monday it won't finish the rules that govern where...

Large Indiana employers asking utilities for `green tariffs'

INDIANAPOLIS (AP) — Several of Indiana’s major employers want their local utilities to make it easier for them to buy power generated by wind and solar farms so they can move closer to their renewable energy goals. Cummins, Salesforce, Roche and other companies recently joined...

US to boost natural gas exports to UK in energy partnership

WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. President Joe Biden and...

Editorial Roundup: United States

Excerpts from recent editorials in the United States and abroad: Dec. 5 The Washington Post on microchips, the U.S. and the future When President Biden visits a microchip factory under construction in Arizona, it might look like a political victory lap:...

EU takes China to WTO over Lithuania trade dispute

BRUSSELS (AP) — The European Union announced Wednesday that it has begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania. The European Commission estimates that China cut trade from the EU member...

China trade shrinks amid virus pressure, interest rate hikes

BEIJING (AP) — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9%...

Stocks decline in Asia, extending losses on Wall Street

Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed. Tokyo's Nikkei 225 index slipped 0.6% to 27,727.53 and the Kospi in...

China's trade sinks in November as export demand weakens, anti-virus controls depress domestic economy

Tensions over trade deals exposed at Mercosur summit

MONTEVIDEO, Uruguay (AP) — A summit of the four Mercosur nations exposed tensions Tuesday as Uruguay's eagerness to seek out foreign markets collided with opposition from Brazil, Argentina and Paraguay. Uruguayan President Luis Lacalle Pou said his country must “open up to the...