President Barack Obama said a $32 million government grant to a maker of battery-driven trucks is an example of how government funding can help businesses generate jobs as the nation recovers from a “brutal recession.”
Ontario voters re-elected Premier Kathleen Wynne’s Liberal Party, upgrading her government to a majority mandate and rejecting the main opposition Conservative Party’s call for budget austerity.
Chancellor of the Exchequer George Osborne today said the U.K. should consider a third high-speed rail link between Manchester and Leeds to make the north of England a “powerhouse” of the economy.
The U.S. departments of Energy and Agriculture and the U.S. Navy will invest as much as $510 million over three years to spur the development of biofuels for commercial and military transportation.
Malaysian Airline System Bhd., the unprofitable national carrier that’s still searching for Flight 370, dropped the most since 1998 amid investor concern the government may let the company fail.