Friday

29th Mar 2024

Ticker

UK tourism booming after fall in pound

June's Brexit vote has boosted UK tourism, reports the BBC. This comes after the pound dropped about 13% against the dollar and 10% against the euro, since the referendum, with 4.3% more planned UK flights over summer, compared to last year. Meanwhile; terrorist attacks saw French tourism down 10% in July this year, leaving Paris hotels only one-third full, tourism minister Matthias Fekl told Journal du Dimanche.

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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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