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government subsidies

Cuba weathers storm in Venezuela but future looks uncertain

HAVANA (AP) — Refineries have gone dark. Gas rations have been slashed for hundreds of thousands of state workers. Construction materials are nearly impossible to find. But Cuba’s hotels and restaurants are packed, major U.S. airlines are adding flights and government stores are full of frozen American chicken and U.S.-made …

What the budget analysts say about GOP health care bill

WASHINGTON (AP) — The Republican bill to replace major portions of Barack Obama’s health care law would leave 24 million additional people uninsured over the next decade, according to projections from the Congressional Budget Office. A look at what the CBO said Monday about the House GOP plan that’s backed …

No chicken, no cafes: Egyptians scrimp as prices leap

CAIRO (AP) — Money had already been tight as food and electricity bills climbed for weeks. So Ashraf Mahrous, a 45-year-old civil servant, warned his wife, “Black days are ahead,” when Egypt floated its pound and hiked fuel prices this month. Mahrous is now looking for a side job. Rising …

Egypt devalues, floats its currency, meeting key IMF demand

CAIRO (AP) — Egypt on Thursday took the unprecedented step of floating its currency and later hiked fuel prices, meeting key demands by the International Monetary Fund under a $12 billion loan agreement to overhaul the ailing economy of the most populous Arab state. The floatation, accompanied by a 48 …

Thai gov’t to sue ex-PM for losses from rice subsidy scheme

BANGKOK (AP) — Thailand’s military government announced Monday that it intends to sue a former prime minister for billions of dollars in losses it alleges were incurred by her administration’s rice subsidy program. The Cabinet official in charge of the prime minister’s office, Panadda Diskul, said a specially appointed committee …

Has the State Department sided with three Middle Eastern airlines against U.S. carriers? – LA Times

Three of the nation’s biggest airlines — Delta, American and United — have been pressing the U.S. government to freeze new flights from three Middle Eastern carriers that they say compete unfairly in the U.S. by accepting subsidies from their government-backed owners. But the U.S. Department of State has decided against adopting restrictions on …

Beijing tracks the elderly as they take buses, go shopping

BEIJING (AP) — These days, when people over 80 in Beijing take a bus, see a doctor or spend money, their activities are digitally tracked by the government, as part of an effort to improve services for the country’s rapidly growing elderly population. The data amassed with each swipe of …

Argentine government says fighting inflation its next goal

BUENOS AIRES, Argentina (AP) — After lifting currency restrictions and free-floating the peso in December, the focus of Argentina’s government will now be on fighting inflation, Finance Minister Alfonso Prat-Gay said Thursday. “To control price expectations is the government’s biggest worry,” Prat-Gay said, adding that it will not be easy …