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Government aid for industry

June 27, 2018 - 4:37 am

Russia increases World Cup subsidies by $13 million

MOSCOW (AP) — Russia has increased its government subsidies for the World Cup by $13 million amid concerns over the legacy of the tournament. Two government orders allocate an extra 481.6 million rubles ($7.6 million) for temporary World Cup infrastructure and 334.2 million rubles ($5.3 million) to...
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June 22, 2018 - 9:25 pm

Reports: HUD failed to track lead paint cases, ensure fixes

WASHINGTON (AP) — Two federal reports released this month blast the Department of Housing and Urban Development for failing to have procedures to adequately protect children in subsidized housing against lead paint exposure. The reports, from the Government Accountability Office and HUD's Office of...
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June 21, 2018 - 7:00 pm

GOP-led House narrowly passes farm bill

WASHINGTON (AP) — The Republican-led House narrowly passed a sweeping farm bill Thursday that would toughen work requirements for food stamp recipients. The bill passed by a vote of 213-211. Democrats unanimously opposed the measure, saying it would toss too many people off government food...
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Malaysian Muslims offer prayers during the first day of Eid al-Fitr, which marks the end of the holy fasting month of Ramadan in Kuala Lumpur, Malaysia, Friday, June 15, 2018. (AP Photo/Vincent Thian)
June 15, 2018 - 7:51 am

The Latest: Palestinian says Israel struck kite bomb site

GAZA CITY, Gaza Strip (AP) — The Latest on Eid al-Fitr (all times local): 2:15 p.m. A Palestinian witness says an Israeli drone struck a tent used to prepare kites and balloons rigged with incendiary devices for launch into the Jewish state. Mohammed al-Tayya says the airstrike came after...
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June 08, 2018 - 4:11 pm

Senate unveils farm bill, leaves food stamps alone

WASHINGTON (AP) — The Senate Agriculture Committee has released a bipartisan farm bill that makes mostly modest adjustments to existing programs and, unlike the House version of the bill, doesn't pick a fight over food stamps. The Senate bill, dubbed the "Agriculture Improvement Act of 2018," is...
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Russian President Vladimir Putin gestures while answering a question during his annual call-in show in Moscow, Russia, Thursday, June 7, 2018. Putin hosts call-in shows every year, which typically provide a platform for ordinary Russians to appeal to the president on issues ranging from foreign policy to housing and utilities. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
June 07, 2018 - 6:46 am

Putin calls for World Cup stadiums to be self-sustaining

MOSCOW (AP) — Russian President Vladimir Putin says Russia's 12 World Cup stadiums must be financially self-sustaining, following calls from some officials for government subsidies. "All the facilities need to be able to cover their costs," Putin said during an annual phone-in on Thursday. He...
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FILE - In this Thursday, Jan. 26, 2017 file photo, people walk past one of the headquarter buildings showing the logo of the Royal Bank of Scotland in London. The British government has sold a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. (AP Photo/Alastair Grant/File)
June 05, 2018 - 6:00 am

UK sells 7.7 percent stake in Royal Bank of Scotland

LONDON (AP) — The British government sold a 7.7 percent stake in Royal Bank of Scotland on Tuesday, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. The government sold the shares for 271 pence each...
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May 31, 2018 - 12:11 pm

Egypt's central bank says mounting foreign debt at $82.9bn

CAIRO (AP) — Egypt's foreign debts reached around $82.9 billion, for the period ending December 2017, rising by 4.9 percent compared to six months earlier, the Central Bank of Egypt revealed in a report on Wednesday. The CBE, however, maintains that the foreign debt to gross domestic product ratio...
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Soldiers escort cargo trucks carrying aviation fuel to the international airport, during a truckers strike to protest rising fuel costs in Brasilia, Brazil, Monday, May 28, 2018. Brazilian cabinet ministers are calling on truckers to end a crippling eight-day strike that has led to major shortages and disruptions in Latin America's largest nation, saying the government has gone as far as it can to meet their demands. (AP Photo/Eraldo Peres)
May 28, 2018 - 5:31 pm

Free market vs subsidies at heart of Brazil truckers' strike

RIO DE JANEIRO (AP) — Brazilian cabinet ministers on Monday called on truckers to end a crippling eight-day strike that has led to major shortages and disruptions in Latin America's largest nation, saying the government had gone as far as it could to meet their demands. The ministers spoke in...
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President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm

Trump signs bill easing post-2008 crisis restraints on banks

WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
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