Suntech Power Holdings Co. Ltd. and First Solar Inc., the world's top solar panel suppliers, warned Monday that potential cuts in European government subsidies for solar power could lead to both lower demand and prices for their products, a combination that could hit their bottom lines.

The operator of Japan's crippled Fukushima Daiichi nuclear plant has asked the government for help compensating victims of the crisis.

Japan's parliament has passed a JPY4 trillion (US$49 billion) emergency budget for reconstruction following the 11 March earthquake and tsunami.

Chairman Ben Bernanke said he expected growth for 2011 to be between 3.1% and 3.3%, compared with the previous forecast of 3.4-3.9%. He also hinted the Fed would not pump more money into the economy after June.

Like the oil spike that roiled markets in recent weeks, Friday's quake offers yet another reminder of how vulnerable aging, slow-growing, debt-burdened economies are to a shock even in what is supposed to be a period of global economic expansion.

Chinese companies will be allowed to buy a stake of as much as 10% in Taiwanese technology companies, according to a proposal by the Ministry of Economic Affairs.

Germany's planned cuts to subsidies for photovoltaic solar energy installations could take effect as early as July, people familiar with the matter have said.

Two investment funds backed by the Chinese government are accelerating their purchases of stakes in major Japanese listed firms, with their total market value surging 10-fold to 1.5 trillion yen (US$18 billion) in less than two years, a recent study showed.

Theoretically, that makes sense: The more dollars in the economy, the less valuable the currency. But from what we've seen - at least so far - the critics are wrong. The greenback's gains have been surprisingly good recently.

The Semiconductor Research Corp. (SRC) has announced it is extending its university research partnership to serve the needs of technology ecosystem in Abu Dhabi. Under the agreement SRC member companies will conduct research sponsored by the Advanced Technology Investment Company (ATIC), the parent of Globalfoundries.

Another source familiar with the situation said the money would likely be used to expand capacity at the company's Beijing plant, specifically to quickly ramp-up production of chips using 65nm technology.

The world's major industrial economies can't all export their way to prosperity.

But analysts called the measures too timid in the face of the problems plaguing Japan's export-oriented economy.

SMIC, China's largest foundry chipmaker, is close to receiving tens of millions of dollars from the China government in a move that could help its earnings this year.

There have been a number of positive developments regarding wage growth and government stimulus that will help move China forward towards a more consumption-oriented economy. But keep in mind that China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending.

Korea Finance, a state-run financing group, plans to provide more than US$80bn in policy loans over the next five years to support Seoul's push into strategic industries such as renewable energy and nuclear power plants.

China's economy accelerated more than expected in the first quarter, while consumer and wholesale inflation - though mixed - indicated a broadly rising trend, stoking further concerns of economic overheating in the economy.

South Korea plans to invest 60 billion won (US$54 million) until 2015 to build up its analog chip industry to help local companies expand their presence in the global semiconductor market, according to the government.

Renewable energy investment may rise by 23% this year as government stimulus funds mainly in the US and Europe are spent wind turbines and solar panels.

Applied Materials has ramped up its lobbying effort during the last three months of 2009, spending close to a half-million dollars trying to sway lawmakers on energy policy and other issues.

Anyone who buys an electric car will be able to take advantage of a subsidy of up to 5,000 pounds (US$7,684) under plans to be set out by the government.

Sharp's solar business is on track to turn its first annual profit as the company looks to expand production and forge partnerships with corporations worldwide to expand the use of solar power generation.

A homeowner could earn up to 900 pounds (US$1,433) each year for a typical 2.5 kilowatt solar PV system and save an additional 140 pounds on their annual electricity bill, according to an announcement by the UK's Department of Energy and Climate Change.

India has seen how the Gulf state of Abu Dhabi has, with a budget of US$10 billion, set about manouvering its way into a key place in the semiconductor industry with the creation of Globalfoundries.

China has said its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations.

"China's exports largely consist of low-value everyday goods like cheap electrical appliances and textiles - but that's a long way from where it wants to be..."

China's exports probably ended a 13-month slide in December, aiding an economic rebound that has so far depended on government stimulus measures and a credit-fueled building boom.

A recent research by SEMI indicates China is committed to narrow the gap between its IC production and consumption. "In addition to investments in the macro economy, the Chinese government also remains the biggest investor in the semiconductor industry in China..."

China streaked ahead of its western and Asian rivals at the weekend by unveiling the world's fastest long-distance passenger train service. The improvement illustrates how China's huge investment in infrastructure is dramatically shrinking the country.