Friday

29th Mar 2024

Ticker

Google is 'wonderful', says EU competition chief

EU competition commissioner Margrethe Vestager said on Sunday that Google is still a force for good despite having imposed a €2.4bn antitrust penalty on the tech giant over the summer. Vestager said the fine was about Google's "legal behaviour", which needs to be corrected. "In other respects, Google is a wonderful company, very, very innovative and they have brought us innovation that has changed our lives," she told CNBC.

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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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