Friday

29th Mar 2024

Ticker

EU to take legal action against states over emissions cheating

The EU commission is set to announce legal action against seven EU states for failing to stop carmakers from cheating on emissions tests, reports Reuters. Germany and the UK are among the states to be targeted. "This is not the end; just the first wave of action," an EU source told Reuters. Member states have failed to penalise manufacturers despite proof of cheating, particularly by Volkswagen.

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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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