archiveManufacturing

"Today's proposal aims to ensure that Member States can provide support – where needed – to accompany the ambitions of the Clean Industrial Deal without causing undue distortions of competition in the Single Market," Commission Executive Vice President Teresa Ribera said in a press release. The document said that considerable investment will be needed for Europe's decarbonization effort "and for which funds will need to be mobilised, mainly from private sources, but, where necessary, incentivised or complemented by public funds." It aims to attract "risk-averse" pension funds to such investments...

CAPITAL REGION, NY (WRGB) — There are questions about the future of jobs in New York created by the CHIPS and Science Act.Tuesday night in his address to Congress President Trump asked for the money to go elsewhere.The funding has become a multi-billion dollar investment in New York.“Your CHIPS act is a horrible, horrible thing; you should get rid of the CHIPS Act, and whatever is left over, Mr. Speaker, you should use it to reduce debt,” said President Trump.Meanwhile, Democratic lawmakers from New York disagree.“That's a major issue for...

Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government capital expenditure (capex) allocation.A key takeaway from the budget was the increase in the income tax exemption limit to ₹12 lakh, a significant move aimed at boosting household consumption, savings, and investment. There had been widespread expectations that...