BERLIN/STOCKHOLM (Reuters) -Germany will grant U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned factory in Magdeburg, a source familiar the matter said, capping months of talks over a project its CEO said will cost it tens of billions of dollars. Germany has scheduled the signing of an agreement with Intel for 1245 GMT on Monday and both Chancellor Olaf Scholz and Intel CEO Pat Gelsinger will be present for the ceremony, the chancellery said in a statement. Scholz declined to comment when asked about the size of the subsidies, which reflect the high cost for energy and labour in Europe's largest economy, referring to the signing ceremony later.
not getting the level of subsidies here in the uk, we are getting subsidies abroad so at the moment they are without free trade deals as your correspondence said, we are excluded from them. that is the risk we are actually having to go abroad to get the money we need to be able to develop our own sustainable industry. yes. own sustainable industry. yes, ou are own sustainable industry. yes, you are right- own sustainable industry. yes, you are right. chris own sustainable industry. yes, you are right. chris mason - own sustainable industry. yes, you are right. chris mason did point to that. rishi sunak is a free market here and very much an opponent of state subsidies. what is the likelihood of britain having its own sort of expansionist domestic industrial policy in the future? is that an absolute no go under a tory government? i think at the moment it is a no go, and one of the problems that we have as the uk at the moment is we are in 15 months in the run up to the election, mayb
his don t say gay law, that effectively bans discussion of lgbtq people and history and classrooms. but as protect democracies ian bass and explains, florida governor ron desantis seems to be taking a page, or an entire playbook maybe even entire chapters out of yet another leaders playbook. that being viktor orban. the prime minister received a standing ovation for an anti woke speech that bashed lgbtq rights, migration, education. it is obvious why the authoritarian leader has become aspirational to far-right politicians in this country, like ron desantis. but there might be another, even more troubling reason. bastian writes, he practices the concept known as autocratic capture, using the leaders of state power to enforce political loyalty from big businesses. does that found familiar? that has included massive tax breaks, state subsidies, silent on hungary shifting away from democracy and the rule of law. using state advertising dollars to prop up friendly media entities and using
playbook maybe even entire chapters out of yet another leaders playbook. that being viktor orban. the prime minister received a standing ovation for an anti woke speech that bashed lgbtq rights, migration, education. it is obvious why the authoritarian leader has become aspirational to far-right politicians in this country, like ron desantis. but there might be another, even more troubling reason. bastian writes, he practices the concept known as autocratic capture, using the leaders of state power to enforce political loyalty from big businesses. does that found familiar? that has included massive tax breaks, state subsidies, silent on hungary shifting away from democracy and the rule of law. using state advertising dollars to prop up friendly media entities and using regulatory