Italy's latest bid to save Alitalia prompts backlash from rivals

Article Abstract:

Alitalia Linee Aeree Italiane S.p.A. of Italy has received a huge influx of financing from the Italian Treasury designed to raise 1.01 billion Euros ($1.19 billion). The financial windfall has caused controversy from rivals because it is perceived as flouting European Union policy to discontinue state aid to unprofitable companies and because the Italian government is the biggest investor. The Italian government plans to take 489.2 million Euros from stock sales and will reduce it's stake in the airline from 63 percent to 49 percent.

Italy, Financial management, Administration of General Economic Programs, Air Transportation, Scheduled, And Air Courier Services, Grants to Business, Finance, Airlines, Economic policy, Company Profile, Subsidies, Company financing, Linee Aeree Italiane S.p.A.

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EU to cut supports for prices of sugar

Article Abstract:

The European Union has lost a World Trade Organization case to Brazil, lessening agricultural subsidies to the European sugar industry. Support prices have been cut by 36 percent and may reduce European sugar production by one third so the European Union may become an importer rather than an exporter of sugar. Agricultural subsidies are largely attributed to a collapse in Doha Round trade talks which are to continue in Hong Kong.

Government domestic functions, International economic relations, Hong Kong, Sugar and Confectionery Products, Brazil, Sugarcane and sugar beets, Conferences, meetings and seminars, World Trade Organization, Agricultural subsidies, Agricultural policy, Sugar industry, Government finance, Trade policy

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