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EU prepares response to new US green subsidy plan
EU prepares response to new US green subsidy plan
Business and Economy
by  AFP

Confronted by competition from Washington's vast green tech investment plan, European leaders opened the way Friday towards a relaxation of their own restrictions on state aid. European capitals fear the US subsidies for clean tech will lure investment across the Atlantic, and torpedo the bloc's recovery plans.

Texas, other US states mull ban on Chinese buying land
Texas, other US states mull ban on Chinese buying land
Business and Economy
by  AFP

The US state of Texas is considering barring Chinese citizens from buying property on national security grounds -- and as tensions with Beijing rise other states may follow suit. The state legislature, citing national security concerns, passed a law that barred any project linked to the governments of China or the other three nations from connecting to the grid.