Ethiopia Moves to Stabilize Fuel Supply Amid Middle East Tensions
Ethiopia boosts fuel subsidies and imports while cracking down on illegal trading to address shortages linked to Middle East tensions.
Subsidies
China to Launch Probe into U.S. Low-Priced Chip Exports
China’s Ministry of Commerce announces a probe into U.S. low-priced chip exports, citing unfair competition from U.S. subsidies. The investigation aims to protect domestic industries affected by cheap imports.
China Expands Consumer Goods Trade-In Program for 2025 to Boost Domestic Demand
China expands its consumer goods trade-in program for 2025, adding more home appliances and increasing subsidies to boost domestic demand and spur economic growth.
China to Boost Subsidies for Digital Devices in 2025 to Stimulate Domestic Demand
China announces plans to increase funding for digital device subsidies in 2025, aiming to boost domestic demand and drive economic recovery. Consumers can expect more affordable phones, tablets, and wearables.
UNDP Highlights Trillions in Harmful Subsidies at COP16 Biodiversity Summit
At COP16 in Cali, the UNDP urges governments to redirect trillions in harmful subsidies towards funding biodiversity conservation, emphasizing efficient use of resources to restore nature.