Friday

29th Mar 2024

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Faroe Islands take EU to UN tribunal

The Faroe Islands Friday took European Union to the arbitral UN tribunal (UNCLOS) over threats of sanctions in relation to disputed Atlanto-Scandian herring fisheries. The Faroese government wants coastal states, including Russia, Norway and Iceland to discuss joint management of the herring stock at a meeting in September.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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