Friday

29th Mar 2024

Ticker

EU expands North Korea sanctions

EU states have added nine people and four entities, including the state-owned Foreign Trade Bank, to their North Korea blacklist after Pyongyang's latest missile test. The bloc has imposed asset freezes and travel bans on 103 people and 57 entities so far. The latest listing comes in response to a UN resolution last week, and as the US and North Korea exchange hostile rhetoric over Pyongyang's atomic weapons programme.

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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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