India ramps up spending in final funds forward of election

NEW DELHI, Feb 1 (Reuters) – India’s authorities on Wednesday unveiled a $550 billion funds for the subsequent fiscal 12 months that begins on April 1, with a plan for file capital spending whereas reining within the fiscal deficit. Prime Minister Narendra Modi’s social gathering, which faces elections in key states this 12 months and … Read more

Taiwan to provide money payouts to residents in ‘New 12 months blessing’

TAIPEI, Jan 4 (Reuters) – Taiwan plans to provide money payouts of almost $200 to each citizen this 12 months, Premier Su Tseng-chang introduced on Wednesday, saying the island’s financial progress can be shared by everybody. The export-reliant economic system, a world tech powerhouse for merchandise together with semiconductor chips, grew 6.45% in 2021, the … Read more

Unique: China readying $143 billion bundle for its chip corporations in face of U.S. curbs

HONG KONG, Dec 13 (Reuters) – China is engaged on a greater than 1 trillion yuan ($143 billion) assist bundle for its semiconductor business, three sources mentioned, in a significant step in the direction of self sufficiency in chips and to counter U.S. strikes aimed toward slowing its technological advances. Beijing plans to roll out … Read more

Explainer: Why the U.S. Inflation Discount Act has Europe up in arms

PARIS, Dec 5 (Reuters) – Prime European Union officers will use a commerce assembly with U.S. counterparts on Monday to press considerations about Washington’s big new inexperienced vitality subsidy package deal. Whereas EU nations welcome the brand new dedication to vitality transition, they concern the $430 billion Inflation Discount Act (IRA) will unfairly drawback their … Read more

BP doubles down on hydrogen as gas of the long run

BP sees quick progress in low-carbon hydrogen Gasoline to learn from authorities subsidies CEO Looney to announce hydrogen manufacturing targets BP plans massive hydrogen venture at Whiting, Indiana refinery LONDON, Dec 5 (Reuters) – BP chief government Bernard Looney is betting on hydrogen to energy future low-carbon companies because the governments of main economies stump … Read more