Friday

29th Mar 2024

Ticker

EU approves Opel takeover by Peugeot

The European Commission on Wednesday approved French carmaker Peugeot's takeover of Opel, which is currently owned by US company General Motors. The commission said the deal was "unlikely to raise competition concerns" because Opel and Peugeot "are relatively small in all the relevant markets" and "will still face strong competition from manufacturers such as Renault, Volkswagen, Daimler, Ford, Fiat and various Asian competitors." The €2.2-billion deal was announced in March.

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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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