Thursday

28th Mar 2024

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Malta 'ignoring Libya oil smuggling'

Maltese authorities are ignoring calls by their Italian counterparts to tackle Libyan oil smuggling inside Maltese contiguous waters, reported The Guardian. Ship-to-ship transfers of the stolen oil is taking place some 19km from Malta. The stolen goods is said to be fuelling further instability inside Libya. Italian authorities have spotted 12 acts of ship-to-ship smuggling in Maltese waters over the past six months.

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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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