Friday

29th Mar 2024

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Iceland volcano may disrupt air traffic again

The Bardarbunga volcano erupted in Iceland Thursday, prompting air traffic control to close the airspace up to a height of 5,500m above the volcano, BBC reports. No volcanic ash had so far been detected. In 2010, a volcanic ash cloud from Iceland disrupted European air travel for over a week.

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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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