subsidycuts

Germany's Solar Market Faces Turmoil: Subsidy Cuts Amid Rising Oversupply

7 months ago

Germany is set to implement significant cuts to subsidies for certain solar energy farms as the country grapples with an oversupply of solar power. This decision, announced recently by the German government, has raised concerns about the future viability of numerous solar projects and the impact on investors and developers in the sector.

Egypt's Inflation Rate Hits New Highs Amid Ongoing Subsidy Cuts

8 months ago

In a troubling development for Egypt's economy, the country has recorded a significant increase in inflation for the second consecutive month, driven primarily by recent cuts to government subsidies. The latest data reveals that annual inflation accelerated to 38% in September, surpassing 37.4% from August. This sharp rise has raised serious concerns regarding the living conditions of millions, as the cost of essential goods continues to escalate.