Thursday

28th Mar 2024

Ticker

HSBC whistleblower held in Swiss-Spanish extradition saga

Whistleblower Herve Falciani, a former HSBC employee who exposed massive tax evasion via Swiss accounts, was Wednesday arrested in Spain but released again on Thursday. Falciani had fled to Spain to avoid jail in Switzerland. The arrest of the whistleblower comes at a sensitive time in Swiss-Spanish relations when Swiss courts are considering a Spanish extradition request for Catalan separatist Marta Rovira, who fled to Switzerland earlier this year.

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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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