Bolivia's President Rodrigo Paz declared a state of emergency after six weeks of protests and road blockades demanding his resignation. The crisis began in May when Paz scrapped fuel subsidies, leading to price spikes and nationwide demonstrations by labor unions and supporters of former President Evo Morales.
German Chancellor Friedrich Merz stated China's currency is undervalued by 30%, far exceeding the IMF's estimate. He criticized Beijing's market flooding via subsidies and non-convertible currency, calling it unacceptable and a threat to European manufacturers.
German Chancellor Friedrich Merz stated China's currency is undervalued by 30%, significantly above the IMF's estimate. He criticized Beijing's use of high subsidies and non-convertible currency, warning of market flooding and harm to European manufacturers.
The article discusses the political crisis in Somalia, focusing on Puntland's defiance of the federal government and its withdrawal from the national army. It also covers the rise of hate speech against migrants in Libya and Egypt's planned transition from in-kind to cash subsidies for essential goods.
China's Ministry of Commerce introduces 17 measures to integrate AI into consumer goods, retail, and commerce, focusing on smart products, robots, and subsidies to boost consumption growth.
The Assam government's 'Aponar Apon Ghar' scheme provides subsidies up to Rs 2.5 lakh on housing loans for permanent residents with family income not exceeding Rs 20 lakh, aiming to make home ownership accessible.
A CAG report reveals subsidies now form over 13.5% of expenditure in Karnataka, MP, Tamil Nadu, and Punjab. State subsidies have tripled to Rs 4.4 lakh crore in FY25, with energy and agriculture being the largest components.
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.
New South Wales government launches interest-free loans up to $15,000 and cash subsidies up to $4,000 for renewable energy upgrades like solar panels and batteries to help households reduce energy bills.
New South Wales government launches interest-free loans up to $15,000 and cash subsidies up to $4,000 to encourage solar panel and battery adoption. The scheme aims to ease energy bill pressures for households.
BlackRock's BITA ETF and Metaplanet's Siiibo acquisition signal a growing trend of Wall Street and Japanese firms creating income-generating products tied to Bitcoin, utilizing options premiums and credit structures to offer yield on an asset that doesn't natively pay holders.
Egypt is preparing to transition its food subsidy system from in-kind goods to cash payments, sparking concerns among citizens about potential exclusion from support. The government plans to segment beneficiaries based on economic need, with stricter criteria for eligibility.
Egypt's government is exploring a transition from in-kind subsidies (food, subsidized bread) to direct cash transfers. Prime Minister Mostafa Madbouly stated the goal is to improve efficiency, ensure fairness, and direct more aid to the neediest segments of society, considering inflation and purchasing power.
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 has rejected an OECD report claiming its firms receive significantly higher government subsidies than international peers, calling the findings "one-sided and arbitrary." The Ministry of Commerce stated the report lacks a unified standard and overlooks China's competitive advantages.
Germany's Health Minister Nina Warken (CDU) plans to cut nursing home subsidies and increase contributions for high earners as part of a nursing reform. The draft law aims to save billions by delaying subsidy payments and raising the contribution assessment ceiling for those with higher incomes.
Prime Minister Fumio Kishida indicated a potential reduction in government subsidies aimed at capping gasoline prices around 170 yen per liter, stating that the government will "flexibly consider the form, including the unit price."
German electric vehicle subsidies are driving the car market, with EV registrations up 39% in May and reaching a 25% market share. However, experts warn the state funding primarily benefits foreign brands and may only provide a temporary boost.
The Japanese government spent 310 billion yen in April on subsidies to curb prices of gasoline and other fuels. As of the end of last month, the remaining balance in the fund for these subsidies was approximately 670 billion yen, according to the Ministry of Economy, Trade and Industry.
Hundreds of Polish farmers are on the brink of bankruptcy after the Agricultural Property Agency demanded repayment of huge subsidies. One farmer, Paweł Jaszcz, was accused of fraud and ordered to repay 570,000 PLN, but later won his case in court. An investigation revealed a systemic practice against farmers.
China's Foreign Ministry spokesperson Mao Ning refuted an OECD report claiming Chinese subsidies account for 52% of global industrial subsidies and distort markets. She stated Chinese companies' competitiveness stems from market competition, innovation, and scale, not subsidies, and that China adheres to WTO rules.
An OECD report reveals China provided approximately $108 billion in public funding to its companies in 15 key industrial sectors in 2024. This support, significantly higher than in OECD member countries and other emerging economies, is attributed to China's dominant global market share in sectors like solar panels, shipbuilding, and steel, leading to overcapacity and price depression.
China's Ministry of Finance has allocated 99.9 billion yuan for 2026 childcare subsidies, a 10.6% increase, to encourage births amid a record low birth rate of 5.63 per thousand in 2025. The subsidies, part of a national scheme, support children under three.
OECD report reveals Chinese companies' global market share surge over 20 years is largely due to government subsidies, which are 3-8 times higher than those for competitors in developed nations. This support has driven over 60% of their market share growth, though it hasn't significantly boosted productivity or profitability.
