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government subsidies

Report: Iran raises gas prices by 40 percent in subsidy cut

TEHRAN, Iran (AP) — Iran will raise gasoline prices by some 40 percent beginning Tuesday, the country’s official news agency reported, the latest cut to the Islamic Republic’s fuel subsidies that cost it some $32 billion a year. While previous attempts to raise prices have sparked dissent, last year’s increase …

Thailand’s ousted PM says she won’t flee charges

BANGKOK (AP) — Thailand’s former Prime Minister Yingluck Shinawatra said Friday she will fight charges related to her ousted government’s rice subsidy program, vowing to return home after a planned trip overseas. The National Anti-Corruption Commission on Thursday recommended criminal charges against Yingluck for dereliction of duty for failing to …

Criminal charge recommended against ousted Thai PM

BANGKOK (AP) — An anti-corruption body on Thursday recommended criminal charges against Thailand’s ousted prime minister over her government’s rice subsidy program, which cost the country’s billions of dollars. National Anti-Corruption Commissioner Vicha Mahakun said the commission voted unanimously that former Prime Minister Yingluck Shinawatra committed dereliction of duty for …

Venezuelan oil diplomacy curbed by economic crisis

CARACAS, Venezuela (AP) — The late President Hugo Chavez’s dream of leveraging Venezuela’s oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis that is forcing his hand-picked successor to cut back on generous foreign aid. Signs of the country’s waning influence are …

Thai rubber farmers clash with police; 24 hurt

BANGKOK (AP) — Protesters demanding farmer subsidies to offset losses from falling world rubber prices clashed with police in southern Thailand, throwing bricks and acid-containing bottles at the officers, authorities said. Twenty police officers and four rescue volunteers were injured in the clash Thursday evening as protesters blocked a main …

Bhutan opposition wins parliamentary elections

GAUHATI, India (AP) — Bhutan’s main opposition party, which campaigned on developing stronger ties with neighbor India, has won a majority of seats in parliamentary elections and will take over power in the tiny Himalayan nation. The People’s Democratic Party won 32 seats in the 47-member National Assembly in the …