Latest Government aid for industry News

Bitcoin craze hits Iran as US sanctions squeeze weak economy

Jul. 18, 2019 2:05 AM EDT

TEHRAN, Iran (AP) — Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic's ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in and out of the country. In Iran, some government officials worry that the energy-hungry...

Economists urge Germany to price carbon, end subsidies

Jul. 12, 2019 8:31 AM EDT

BERLIN (AP) — A panel of economists advising the German government is recommending that the country should put a price on carbon emissions if it wants to meet its targets for reducing the amount of greenhouse gases being released into the atmosphere. In a report delivered Friday to German Chancellor Angela...

US to apply tariffs to Mexican fabricated steel imports

Jul. 8, 2019 11:12 PM EDT

MEXICO CITY (AP) — The U.S. Commerce Department announced Monday that it has decided to once again apply tariffs on fabricated steel imports from Mexico. In a statement, the U.S. agency said the decision came after an investigation into government subsidies assisting companies that export fabricated...

Egypt hikes fuel prices by up to 22 %

Jul. 5, 2019 9:56 AM EDT

CAIRO (AP) — The Egyptian government hiked up fuel and cooking gas prices Friday in another round of subsidy cuts designed to overhaul the country's ailing economy and meet the requirements of a large bailout from the International Monetary Fund. The move was expected to further squeeze the country's poor...

Some big farms collect big checks from Trump aid package

Jul. 3, 2019 1:46 PM EDT

MINNEAPOLIS (AP) — When President Donald Trump's administration announced a $12 billion aid package for farmers struggling under the financial strain of his trade dispute with China, the payments were capped. But many large farming operations had no trouble finding legal ways around them, records provided...

Some big farms collect big checks from Trump aid package

Jul. 3, 2019 1:44 PM EDT

MINNEAPOLIS (AP) — When President Donald Trump's administration announced a $12 billion aid package for farmers struggling under the financial strain of his trade dispute with China, the payments were capped. But many large farming operations had no trouble finding legal ways around them, records provided...

How the Trump administration's 2018 trade aid package works

Jul. 3, 2019 10:17 AM EDT

MINNEAPOLIS (AP) — The Trump administration's Market Facilitation Program is meant to compensate farmers for income they've lost due to the U.S. trade war with China. Data provided to The Associated Press from the U.S. Department of Agriculture under the Freedom of Information Act gives some insights into...

Trump signs humanitarian aid package to bolster migrant care

Jul. 1, 2019 6:48 PM EDT

WASHINGTON (AP) — President Donald Trump signed a $4.6 billion aid package on Monday to help the federal government cope with the surge of Central American immigrants at the U.S.-Mexico border. Many Democratic lawmakers were hoping for more. They wanted to provide stronger protections for how migrants are...

House sends Trump $4.6B border bill, yielding to Senate

Jun. 27, 2019 8:19 PM EDT

WASHINGTON (AP) — The Democratic-controlled House voted Thursday to send President Donald Trump a bipartisan, Senate-drafted, $4.6 billion measure to care for migrant refugees detained at the southern border, capping a Washington skirmish in which die-hard liberals came out on the losing end in a battle...

World trade panel sides with India vs US in renewables tiff

Jun. 27, 2019 5:26 PM EDT

GENEVA (AP) — A World Trade Organization dispute panel has ruled in favor of India in its complaint against the United States over subsidies and rules applied by eight U.S. states in the renewable energy sector, such as for solar and wind power. The ruling made public Thursday hands a defeat to the U.S....