News tagged with subsidies

War of words among China ride-share rivals

The controversial boss of ride-sharing app Uber said Monday its biggest Chinese rival is spending as much as $80 million a week or $4 billion a year on subsidies, intensifying a war of words between the bitter competitors.

dateJan 11, 2016 in Business
shares7 comments 0

Cheap petrol fuels road deaths

Fuel subsidies in countries such as Venezuela and Indonesia are fuelling high road death rates, and around 35,000 road deaths could be avoided each year by the removal of global fuel subsidies, a new study from The Australian ...

dateNov 12, 2014 in Economics & Business
shares0 comments 1