Latest Government subsidies News

British Chancellor of the Exchequer Rishi Sunak leaves number 11 Downing Street, to deliver a financial announcement to the Houses of Parliament in London, Wednesday, July 8, 2020. British Treasury chief Rishi Sunak on Wednesday is set to announce a 2-billion-pound ($2.5 billion) program to create jobs for young people as the government tries to revive an economy battered by the COVID-19 pandemic. (AP Photo/Matt Dunham)

UK gets creative: Job bonus and eating out schemes announced

Jul. 8, 2020 1:46 PM EDT

LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic. Most noteworthy were a new bonus plan aimed at getting firms to retain workers that have been idle for months, as well as tax cuts for...

President Donald Trump speaks during a news briefing at the White House, Thursday, July 2, 2020, in Washington, as White House chief economic adviser Larry Kudlow, left, and Treasury Secretary Steven Mnuchin, look on. (AP Photo/Evan Vucci)

Trump signs extension of COVID-relief fund for businesses

Jul. 4, 2020 10:26 AM EDT

WASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus, The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have modified it...

Federal Reserve Board Chairman Jerome Powell, left, and Treasury Secretary Stephen Mnuchin, bump elbows at the conclusion of a House Committee on Financial Services hearing on oversight of the Treasury Department and Federal Reserve pandemic response, Tuesday, June 30, 2020 on Capitol Hill in Washington.  (Tasos Katopodis/Pool via AP)

Congress extends relief program for COVID-slammed businesses

Jul. 1, 2020 8:35 PM EDT

WASHINGTON (AP) — The House on Wednesday easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump. Approval by voice vote without debate came after Democrats pushed the legislation through the GOP-controlled...

Residents wearing masks to curb the spread of the coronavirus past by a Huawei shop in Beijing on Friday, June 5, 2020. China on Wednesday demanded Washington stop

China: US 'oppressing Chinese companies' in new Huawei move

Jul. 1, 2020 5:46 AM EDT

BEIJING (AP) — China on Wednesday demanded Washington stop “oppressing Chinese companies” after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. The Federal Communications Commission on Tuesday blocked the Chinese vendors from receiving...

Senate extends small business coronavirus relief program

Jun. 30, 2020 9:24 PM EDT

WASHINGTON (AP) — Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move by...

President Donald Trump listens during a news conference with Polish President Andrzej Duda in the Rose Garden of the White House, Wednesday, June 24, 2020, in Washington. (AP Photo/Evan Vucci)

Trump signs memo to aid US lobster industry

Jun. 24, 2020 6:20 PM EDT

WASHINGTON (AP) — President Donald Trump is directing the Department of Agriculture to provide U.S. lobster fishermen with financial assistance to make up for lost income from Chinese tariffs. White House trade adviser Peter Navarro said Trump signed a memorandum Wednesday calling on the agency to make...

FILE - In this June 18, 2019 file photo, an Airbus A330 performs a demonstration flight at Paris Air Show, in Le Bourget, north east of Paris. France's government has announced 15 billion euros ($16.9 billion) in aid for the virus-battered aerospace industry, including plane maker Airbus and national airline Air France. (AP Photo/ Francois Mori, File)

France announces $16.9 billion in aid for aviation industry

Jun. 9, 2020 3:14 PM EDT

PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane maker Airbus and national airline Air France globally competitive. In exchange for aid,...

FILE - In this May 3, 2020, file photo, light shines from inside the U.S. Capitol dome at dusk on Capitol Hill in Washington. (AP Photo/Patrick Semansky)

Senate passes fix for small-business coronavirus relief

Jun. 3, 2020 8:44 PM EDT

WASHINGTON (AP) — The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that's been a central part of Washington's response to the corresponding economic crisis. The Senate passed the bill by...

In this Wednesday, May, 27, 2020 photo, Iranian lawmaker Mojtaba Zolnouri, right, who is the head of the influential parliamentary committee for national security and foreign policy, speaks with his colleagues during the inauguration of the new parliament in Tehran, Iran. Zolnouri said Monday, June 1, 2020, that 230 people were killed November's anti-government protests in Iran, which were among the worst the country has seen since its 1979 Islamic Revolution. (AP Photo/Vahid Salemi)

Iranian lawmaker says 230 killed in November protests

Jun. 1, 2020 10:40 AM EDT

TEHRAN, Iran (AP) — An Iranian lawmaker said Monday that 230 people were killed in November’s anti-government protests in Iran, the official news agency reported. This is the first time a prominent Iranian lawmaker has given a death toll figure for November’s protests. The unrest was the most...

A man wearing a face mask amid the new coronavirus pandemic walks in front of an empty state oil company gas station while a tanker truck unloads gasoline in Caracas, Venezuela, Sunday, May 31, 2020. After decades of being the cheapest gasoline in the world, Venezuelan President Nicolas Maduro indicates that as of next Monday a new pricing scheme will be imposed on some 200 stations. (AP Photo/Matias Delacroix)

With cheap gasoline scarce, Venezuelans can buy at a premium

May. 31, 2020 7:25 PM EDT

CARACAS, Venezuela (AP) — President Nicolás Maduro said that starting Monday Venezuelans will be able to buy gasoline at international market prices, marking a historic break in the socialist country's practice of having the world's cheapest fuel. Across the nation, 200 filling stations will allow...