subsidies

France extends fuel subsidies as Europe races to cushion energy crisis

European governments are deploying billions of euros in emergency relief measures to shield households from soaring energy prices driven by the ongoing conflict in the Middle East and the blockade of the Strait of Hormuz. From fuel tax cuts in…

Hungary offers diesel subsidies amid unprecedented European fuel shortage

Hungarian Prime Minister Peter Magyar announced on Friday that his government will provide direct financial support to owners of diesel-powered vehicles as a tightening global supply crunch drives fuel prices higher across Europe and beyond. The move stops short of…

Global EV sales rose in July, but North America fell 27%

Global electric vehicle sales climbed 9% year-over-year to 1.85 million units in July, marking a fifth consecutive month of growth even as the world's largest EV markets diverged sharply, according to data from Benchmark Mineral Intelligence published Thursday.

Boeing asks U.S. to challenge EU over record Airbus loan

Boeing The Boeing Company has called on the U.S. government to demand transparency from the European Union over a €3 billion loan package to Airbus, in a move that threatens to reopen transatlantic trade tensions just weeks after both sides…