EU will allow members to match US green energy subsidies

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The European Commission has replied to the US Inflation Reduction Act, a $369 billion programme of green subsidies, by loosening rules and allowing member states to offer companies as much government funding as they would get if they relocated to the US. We find out if this will help prevent an exodus of businesses working on green projects. President Joe Biden has outlined his budget with plans that could form the backbone of a re-election bid. We take a look at his proposals. And as the Georgian government takes a step back in its plans to push ahead a controversial legislation on foreign agents, we explore how the economy is doing. (Picture: Volkswagen factory producing the ID.3 electric car in Dresden, Germany. Picture credit: Reuters)