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29th Mar 2024

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Former Portugese PM leads race for UN job

Former Portugal prime minister and UN high commissioner for refugees Antonio Guterres strengthened his lead in the race to become UN's next secretary general after a third secret vote on Monday to choose Ban Ki-moon’s successor. A fourth poll is expected in September, but according to reports, only Russia, which argued that the job should go to an eastern European, could stop Guterres from getting the top UN job.

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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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