Friday

29th Mar 2024

Ticker

EU court scraps sanctions against Iran firm

An EU court Tuesday ruled sanctions against Iran’s biggest shipping line, IRISL, be lifted because the EU did not provide evidence it is aiding Iran’s alleged nuclear arms programme. The head of an Iranian bank, EDIB, which recently got off the blacklist, said the EU had caused it "massive losses."

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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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