Australia saw its largest quarterly surge in electric vehicle sales, with new EV purchases doubling in Q2 and nearly half of all new vehicles being electric or hybrid. This growth coincided with high fuel prices, leading the opposition to criticize government subsidies, which are now being phased out.
Delhi targets making most new vehicles electric by 2027, offering subsidies, registration waivers, and expanding charging infrastructure to combat severe air pollution, though success hinges on overcoming charging and renewable energy challenges.
China's carmakers are struggling with narrowing profit margins due to higher raw material costs and declining market demand, exacerbated by the end of purchase subsidies and tax incentives.
India's Ministry of Heavy Industries is considering extending subsidies for domestically manufactured electric two-wheelers beyond July 31, requiring additional budgetary support. The ₹10,900-crore PM E-Drive scheme has already committed all its funds, but the ₹5,000 per vehicle subsidy is expected to remain unchanged.
A UN FAO report reveals EU farm subsidies, particularly for starchy crops and meat, have increased healthy diet costs by 36% in Europe from 2021-2025. This makes fruits and vegetables disproportionately expensive, impacting affordability for citizens.
Hungary's government launched an investigation into former foreign minister Peter Szijjarto's role in negotiating a large BYD investment, following his resignation to join the Chinese carmaker, amidst conflict of interest accusations.
South Korean President Lee Jae Myung advocates for increased agricultural subsidies to safeguard food security and farmer livelihoods, citing sufficient financial resources from a booming stock market.
Egypt's World Cup journey, marked by a near-upset of Argentina and a dramatic comeback loss, has ignited national pride and provided a rare moment of collective joy amidst a severe economic crisis. The team's performance, despite the heartbreak, has united Egyptians and offered a sense of hope.
New federal data reveals approximately 2.6 million fewer Americans had Affordable Care Act (ACA) plans in February compared to last year, following the expiration of enhanced subsidies. Ohio and Oklahoma saw nearly one-third of enrollees drop coverage, with Florida losing the most individuals.
MEP Bernd Lange doubts the EU's October deadline for "tangible results" with China is realistic for a binding trade agreement. The EU faces a large trade deficit and seeks to rebalance trade, while China threatens retaliation against protectionist measures.
The European Automobile Manufacturers Association (Acea) has called for the UK, Turkey, and Morocco to be included in new EU "made in Europe" rules. These rules, designed to protect the EU from Chinese subsidies, could exclude British manufacturers from their largest export market. Acea argues for exemptions, citing the integrated value chain between the EU and the UK post-Brexit.
Donald Trump's policy initiatives, including blocking housing legislation, escalating energy prices, raising healthcare costs, and engaging in trade wars, are described as sabotaging core constituencies and negatively impacting US families and the economy, despite his base's loyalty.
Delhi's new EV Policy offers subsidies within 60 days for electric vehicle buyers, including two-wheelers up to Rs 2.25 lakh. Incentives for electric two, three, and four-wheeled goods vehicles will be directly transferred. Electric cars get road tax and registration fee exemptions until March 2030.
Delhi government has officially notified the Delhi Electric Vehicles Policy 2026, effective July 1, 2026, until March 31, 2030. The policy aims to boost EV adoption with tax exemptions, subsidies for two and three-wheelers, and a Rs 15,000 crore investment for charging infrastructure.
Chinese Super League club Zhejiang FC is dubbed the "biggest winner" by local media, securing over US$300,000 from FIFA's Club Benefits Programme due to South Korean player Park Jin-seop's participation in the World Cup.
The Solana Foundation launched Frontier Traders, a program offering VIP rebates and infrastructure support to professional traders. It aggregates activity across Solana venues, aiming to make the chain itself a competitive trading surface, akin to how large centralized exchanges attract flow.
US seed patents, allowing corporations to control over 70% of corn and soybean seed sales, are stifling innovation and diverting taxpayer subsidies intended for farmers into corporate profits. The DOJ has stated these patents obstruct competition and research in agriculture.
Russia considers importing fuel and offering subsidies to mitigate supply disruptions caused by Ukrainian strikes on oil refineries, leading to restrictions, price hikes, and shortages across numerous regions.
Egyptian MPs are demanding government guarantees before approving the shift from in-kind to cash subsidies for food commodities, citing concerns about inflation and the impact on low-income families.
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.
