Xbox CEO Asha Sharma and CCO Matt Booty informed staff of significant financial challenges, with plans to cut costs by potentially closing Ninja Theory, Double Fine, and Compulsion Games. This follows a memo citing over $20bn in investments yielding declining revenue and a "hardware component crisis."
China's State Administration for Market Regulation (SAMR) has proposed new rules to prevent food delivery platforms from misusing subsidies. The draft regulations aim to stop market disruption, selling goods at a loss, and forcing merchants into subsidy programs, addressing concerns about intense competition harming businesses, drivers, and consumers.
Childcare workers have called off a planned strike after the federal government committed $3.6 billion over 18 months to fund a 15% pay rise for around 200,000 early educators. The funding bridges the gap until a Fair Work Commission decision fully enforces the wage increase in 2029.
Childcare workers have called off a planned July strike after the federal government committed $3.6 billion to fund a 15% pay rise for approximately 200,000 early educators for another 18 months. This funding bridges the gap until the Fair Work Commission fully implements a gender undervaluation pay rise in 2029, preventing a "pay cliff" for workers.
India's government has clarified that consumers can use non-DCR solar modules for rooftop solar systems under the PM Surya Ghar scheme if they choose to forgo central assistance. This exemption applies until March 31, 2027, for those using the 'Give It Up' option.
India is set to import urea at nearly half the price it paid previously, following a sharp decline in global rates after the West Asia crisis. This development is expected to ease pressure on the country's fertilizer subsidy bill.
India's government provided Rs 1.23 lakh crore to oil companies to freeze fuel prices for 78 days amid the Middle East crisis. The fertilizer minister seeks to double the FY27 subsidy, while LPG cylinder entitlements for PMUY beneficiaries were cut from 9 to 4 due to rising import costs.
The FCC is reviewing its $3 billion E-Rate program for schools and libraries due to concerns about excessive children's screen time. A vote on potential reforms or termination is scheduled for June 25, following a Surgeon General's advisory on the harms of screen use.
India's government is considering budget spending cuts due to higher oil prices inflating subsidy costs and threatening fiscal goals. Officials are reviewing potential reductions in areas like water resources and loans to states, while capital expenditure and defense spending are likely to remain untouched.
The FCC is reviewing its $3 billion E-Rate program for schools and libraries due to concerns about excessive children's screen time. A new proposal is expected soon, with potential reforms or termination of the program.
Armenia's government approved two subsidy programs to compensate entrepreneurs for logistics costs and customs payments on exports, particularly to the EU. This follows Russia's recent bans on Armenian mineral water and agricultural products, which Prime Minister Pashinyan had pledged to support exporters affected by.
China's Ministry of Commerce urged the OECD to conduct research on industrial subsidies objectively and neutrally, avoiding politicization and instrumentalization of its report which claimed Chinese firms received the most subsidies.
Kaohsiung City Government opens applications for its second phase of the "Building Vertical Greening and Green Roof Subsidy Program." The program, running until June 22, offers up to NT$800,000 per project to encourage green renovations and net-zero facilities, aiming to combat urban heat and achieve carbon reduction goals.
Parents in England are facing thousands of pounds in extra fees for 'free' childcare, covering essentials like food and nappies due to government underfunding. The education secretary has asked the competition watchdog to investigate these hidden charges.
India's fertilizer subsidy bill could surge past a record ₹3 lakh crore this fiscal, significantly exceeding the budget estimate of ₹1.71 lakh crore, due to the West Asia crisis and a falling rupee. The country relies heavily on imports for key fertilizers like DAP and urea.
Yunlin County government announced on May 25th that the public grain transportation subsidy, unchanged for over 30 years, will increase from NT$0.3 to NT$1.2 per kilogram starting in 2027. This adjustment is expected to increase farmers' annual income by nearly NT$10,000 per hectare.
Taipei City's Department of Urban Development is offering NT$9 million in subsidies for buildings built before 2003 to improve public safety and facilities. Single communities can receive up to NT$1.38 million for their first application.
President Lai visited a temple in Chiayi, promoting the new "NT$5,000 monthly growth allowance for ages 0-18" policy starting January. He stated that if a child receives the full allowance for 18 years, the government provides NT$1.08 million.
President Lai visited Chiayi City's Wang Ling Temple, promoting a new policy to provide NT$5,000 monthly for children aged 0-18 starting January. He emphasized sharing economic gains with citizens, stating a child could receive NT$1.08 million over 18 years.
Taiwan's government plans to launch a "0-18 years growth subsidy" of NT$5,000 per month, coupled with an investment account. Financial experts recommend the Yuanta Taiwan 50 ETF (0050) as the top long-term investment choice for children.
Brigitte Macron's personal intervention led to the reinstatement of nearly half of the Institut Français de la Mode's (IFM) subsidy, saving the school from a severe budget cut. The fashion industry expressed relief after initial anger over the proposed elimination of the funding.
Germany's Federal Ministry for the Environment reports nearly 17,000 applications for its new electric car purchase subsidy within 24 hours. Minister Carsten Schneider (SPD) promoted EVs for their independence from global crises and fuel prices. The subsidy, up to €6,000, applies to new EVs, plug-in hybrids, and range-extended EVs for private use.
South Korea will launch an evaluation system in July to subsidize EV manufacturers based on their contributions to domestic supply chains, technology, sustainability, and safety, requiring at least 60 out of 100 points for eligibility.
Malaysia’s plan to stop wealthier drivers from enjoying cheap subsidised petrol has left Prime Minister Anwar Ibrahim facing a politically fraught question: how to define “rich” without punishing households already squeezed by higher living costs. The issue has sharpened as the Middle East energy shock strains government finances, forcing authorities to weigh fiscal discipline against the risk of angering middle-class voters in a car-dependent country. Anwar said the government had agreed in...
