Subsidies

    • EP passes €6.1bn bill on sustainable fisheries

      EP passes €6.1bn bill on sustainable fisheries

      The European Parliament adopted the 2021-2027 fisheries and aquaculture fund to support the blue economy, protect biodiversity and promote international ocean governance. The initiative is also aimed to support fishing communities. The new European Maritime, Fisheries and Aquaculture Fund (EMFAF) encourages Member States to invest in making the fisheries and aquaculture sectors more competitive and helping develop a sustainable blue economy, new markets and technologies.

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    • Tech giants press for state funds for US chip makers

      Tech giants press for state funds for US chip makers

      The world's biggest buyers of semiconductor chips revealed plans to set a lobbying group aimed to press for government financial involvement to offset the current market deficit, Reuters reported. The lobbing group will include major consumers like Amazon, Apple, Microsoft and Google and producers like Intel. The group will press for government chip manufacturing subsidies. It has already asked US lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion.

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