It is also unclear what dispute settlement measures – now there is an indication there might be some – would look like, or how they would be enforced. Mr Pope argues that the UK having its own system of subsidy control would be better than the EU’s, which is administratively […]
aid
EasyJet pleads for state aid after making landmark loss
The boss of easyJet has said that summer trading was ruined by Britain’s chaotic quarantine regime, forcing the budget carrier to beg for a taxpayer bailout after plunging to its first annual loss. EasyJet said that pre-tax losses topped £1.3bn in the year to Sept 30, the worst performance in its 25-year history following a collapse in passenger […]
What the UK could learn from the US on state aid rules
Some targeted investment is approved by Brussels, but typically these are in line with the long-term goals of the union, such as breaks and investments for companies that promote the bloc’s green energy targets. Despite this, the UK remains low down in approved state aid compared to other countries. Just […]
Britain must compromise on state aid for an EU deal
Personally, I continue to think it more likely than not that something will be hammered out over the next several months, and that when it is, it will be trumpeted by both sides as a triumph – a win, win for all. I doubt the reality will match the rhetoric. […]
Europe’s double standards on state aid put Britain in a difficult place
For the solvent North, this is not just guilt money, but a way of shoring up a single market increasingly shot through with competitive distortions and trading imbalances. With its love of national champions and its interventionist traditions, France has never been a fan of the “Thatcherite” single market. Nothing […]
Agencies that aid China’s aspiring overseas students left in lurch
DALIAN, China — No country sends more students abroad than China — a number that has reached more than 600,000 in recent years. But the pandemic has closed borders and raised anxiety across the world, serving a blow not just to the dreams of those students, but also to the […]
China’s new mutual aid platforms fill hole in health care coverage
Online health care mutual aid programs have attracted more than 150 million participants in China in less than two years, but lack of clear regulation of the 5.4 billion yuan ($760 million) medical insurance-like industry may expose participants to operational, financial and legal risks, industry experts say. The emerging market […]
Nepal ruling party split over US aid threat to China relations
KATHMANDU — There are widening divisions in the leadership of Nepal’s ruling party over a U.S. promise of aid that rivals of Prime Minister K.P. Sharma Oli worry will damage the country’s blossoming relations with China. A Millennium Challenge Corporation (MCC) grant agreed in 2017 has widened splits in the Nepal Communist Party. Oli has been pushing for […]
Freelance mothers threaten to sue Government over ‘discriminatory’ state aid scheme
Self-employed mothers have threatened to sue Chancellor Rishi Sunak and the Government for discriminating against women when providing income support to freelancers during the coronavirus crisis. Pregnant Then Screwed, a campaign group, said 70,000 women have been unfairly left with less under the scheme, after their maternity leave was counted against them. […]
Mizuho ready to deploy billions in capital aid to companies: CEO
TOKYO — As the coronavirus pandemic saps corporate finances, Mizuho Financial Group is prepared to provide billions of dollars to struggling businesses that need capital injections, the Japanese bank’s CEO Tatsufumi Sakai told Nikkei. Companies have so far focused mainly on raising working capital as shutdowns slash income. But longer-term goals remain on […]