Latest Government subsidies News

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...

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...

German government extends incentives for electric car buyers

Nov. 4, 2019 6:42 PM EST

BERLIN (AP) — The German government is supercharging subsidies for electric cars on the day the country's biggest automaker began production of a new all-electric vehicle. Chancellor Angela Merkel's office said officials and industry representatives agreed late Monday to increase by half the existing...

Georgia governor releases plans for health care overhaul

Oct. 31, 2019 4:08 PM EDT

ATLANTA (AP) — Georgia Gov. Brian Kemp unveiled a much-anticipated plan Thursday that aims to reduce premiums for residents who buy health insurance under the Affordable Care Act and give the state control of billions of dollars in federal health care funds. The proposal could eventually lead to subsidies...

China accuses US of 'economic bullying' over equipment ban

Oct. 29, 2019 6:13 AM EDT

BEIJING (AP) — China on Tuesday accused the U.S. of "economic bullying behavior" after U.S. regulators cited security threats in proposing to cut off funding for Chinese equipment in U.S. telecommunications networks. China would "resolutely oppose the U.S. abusing state power to suppress specific Chinese...

US proposes cutting off funds for Chinese telecom equipment

Oct. 28, 2019 4:29 PM EDT

U.S. regulators have proposed cutting off funding for Chinese equipment in U.S. telecommunications networks, citing security threats. The Federal Communications Commission will vote next month on a proposal to bar telecom companies from using government subsidies to pay for networking equipment from Huawei and...

Venezuelans buy gas with cigarettes to battle inflation

Oct. 26, 2019 11:21 AM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

Venezuelans buy gas with cigarettes to battle inflation

Oct. 25, 2019 9:33 PM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

Is boom, then slump, behind fiery Latin American protests?

Oct. 24, 2019 5:03 AM EDT

Chile is one of the richest countries in the region. Haiti is the poorest. Ecuador has a centrist government. Bolivia's is socialist. Yet, from Port-au-Prince to Santiago, furious demonstrators were marching this week to demand fundamental change, part of a wave of often-violent protests that has set tires,...