EU countries agree deal to reform power market subsidies
Electricity pylons of high-voltage electrical power lines are seen in Bouchain, France, August 1, 2023. REUTERS/Pascal Rossignol/File Photo Acquire Licensing...
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EU court says $748 million Belgian tax scheme is illegal state aid
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...
US offers $12 billion to auto makers, suppliers for advanced vehicles
U.S. Secretary of Energy Jennifer Granholm delivers a speech ahead of a conversation with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023. REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The Biden administration is offering $12 billion in grants and loans for auto makers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday."While we transition to EVs, we want to ensure that workers can transition...
Taiwan says US officials have visited to discuss concerns about chip subsidies
TAIPEI, March 31 (Reuters) - The United States has sent officials to Taiwan to listen to concerns in the chip...
UK must align sustainable rules with EU where possible or risk losing capital, say advisers
LONDON, Feb 23 (Reuters) - Britain risks falling behind in the race to attract green capital if its sustainable finance...
EU leaders to back new funding for green industry in Feb -draft
BRUSSELS, Jan 24 (Reuters) - European Union leaders will give clearance in February for work on new EU funding for...
Capping rocky 2022, EU agrees more Russia sanctions, funds for Ukraine
BRUSSELS, Dec 15 (Reuters) - European Union leaders wrapped up their last summit of 2022 with an agreement to provide...
Some EU countries want billion-euro chip plan to also fund current chips
BRUSSELS, Oct 14 (Reuters) - Some EU countries want the bloc's billion-euro chip plan to fund the production of current...
