Latest Government aid for industry News

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...

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...

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...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...

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...