Friday

29th Mar 2024

Ticker

EU on VW recall programme: 'consumer trust at stake'

A spokeswoman for the European Commission, Lucia Caudet, did not want to "make any value or technical judgement" on whether Volkswagen (VW) could fulfil its promise of fixing all 8.5 million diesel cars that have defeat devices by autumn. VW still has 3.3 million cars to fix in under four weeks. There is no sanction if VW misses the deadline, but "consumer trust is at stake here", Caudet said.

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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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