Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group Holding is offering 50 billion yuan (S$8.9…
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Subsidies
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million) vaccine plant, a major blow to the Labour…
Tokyo inflation likely accelerated on suspended energy subsidies: Reuters poll
TOKYO (Reuters) - Consumer inflation in Tokyo likely accelerated in December on higher food costs and after the government's suspension of its gas and electricity subsidies, a Reuters poll…
Nigeria turns to natural gas as transport prices soar after petrol subsidies were removed
ABUJA, Nigeria (AP) — When Nigeria's President Bola Tinubu ended the costly subsidies that made petrol affordable for many in Africa's most populous country, Ahmed Halilu knew his…
Poland slashes subsidies for right-wing Law and Justice party
Poland's electoral commission on Thursday announced cuts to the conservative Law and Justice (PiS) party's subsidies after ruling it misused public funds to finance its campaign before the…
Vietnam plans electricity subsidies for EV charging stations
HANOI (Reuters) - Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy…