A green subsidy battle is brewing between the U.S. and Europe. The European Union is relaxing rules on tax breaks and other benefits for clean-tech companies in a push to stop businesses being lured to the U.S. by subsidies offered under the Inflation Reduction Act. The WSJ’s Kim Mackrael and Yusuf Khan report that Europe is worried some companies could pause or slow investments on the continent in favor of moving more quickly to take advantage of benefits in the U.S. The European Commission is allowing governments to match the level of aid on offer in the U.S. It is also increasing subsidies that EU governments can offer without seeking approval from the commission and allowing more money to flow to clean-tech companies in less-wealthy regions of Europe. U.S. officials welcomed the moves, saying the more money invested in clean energy, the better for everyone.

Soaring coal prices are fueling a spending boom in the biggest coal-exporting countries. Australia, Colombia and Indonesia are reaping billions of dollars from increased taxes and royalties on coal. The WSJ’s Rhiannon Hoyle and Jenny Carolina González write that the windfalls are paying for upgrades to welfare programs and infrastructure. Annual coal demand soared last year as Europe sought to replace Russian natural gas, leading coal prices to more than double. In Australia’s Queensland state, increased coal-royalty revenue is helping fund a $3.3 billion power-transmission line that officials hope will encourage investment in renewable energy infrastructure and critical minerals projects. Within the coal industry itself, higher taxes and royalties are having mixed results. Some companies are pausing investments or selling mines because costs are so high. Coronado Global Resources, which runs mines in Australia and the U.S., is investing more funds in a Virginia mine because of higher royalty rates in Australia.

Jobless claims showing the labor market is still strong are complicating the picture for the Federal Reserve’s rates path. (WSJ)

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup. (DJN)

Inflationary pressures in China eased more than expected in February after a post-reopening spike. (WSJ)

Oil-and-gas companies are still trying to figure out where to invest for the energy transition. (WSJ)

General Motors has initiated a voluntary separation program for the majority of its U.S. salaried employees. (WSJ)

Retailer Gap is aiming to reset its business in 2023 after a year in which it dealt with weaker sales, excess inventory and executive shakeups. (WSJ)

An international accounting standards-setter has moved up timing for when companies have to disclose details on their supply-chain financing. (WSJ)

Deutsche Bahn has selected Goldman Sachs Group and Morgan Stanley to advise on the potential sale of its DB Schenker logistics unit. (Bloomberg)

Amazon is ramping up air cargo flights at its largest hubs while maintaining or shrinking activity elsewhere. (Supply Chain Dive)

C. H. Robinson Worldwide is in advanced talks to name former United Parcel Service Chief Operating Officer Jim Barber as chief executive. (Reuters)

Environmentalists are calling on Europe to end incentives for biofuels production. (Lloyd’s List)

The U.S. government is urging major commodities traders to keep hauling price-capped Russian oil. (TradeWinds)

Mediterranean Shipping has taken delivery of the first of its new class of ultra-large container vessels, the 24,116 TEU MSC Tessa. (The Maritime Executive)

Paul Page is editor of WSJ Logistics Report. Write to him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @ByLizYoung and @PDBerger. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.