Friday

29th Mar 2024

Ticker

US judge approves deal to buy back dirty VW diesel cars

US district judge Charles Breyer in San Francisco on Tuesday signed off a compromise with German carmaker Volkswagen to buy back 475,000 diesel vehicles which had installed secret software to cheat exhaust emissions tests and appear cleaner than they really were. VW agreed in June to spend up to $14.7bn on buybacks and owner compensation in the US and said it would begin buying back the cars in mid-November.

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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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