Friday

29th Mar 2024

Ticker

UK firms confirm shift to continental Europe

UK insurance giant Lloyds of London is planning to move some business to continental Europe in the wake of the Brexit referendum, chairman John Nelson told the Financial Times. He said he wanted "business onshore in the EU ready by the time article 50 is triggered". UK advertising giant WPP is to invest in French media group Les Nouvelle Editions Independents for its EU activities.

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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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