Friday

29th Mar 2024

Ticker

EU wants more guarantees from VW on Dieselgate fix

European consumer protection authorities have called on German carmaker Volkswagen to guarantee that repairs after the Dieselgate scandal would not affect the cars' performance, Reuters reported. The European Commission said VW should improve consumer information and wants VW to do more to compensate European car owners after it admitted to US regulators in 2015 that it had cheated on emissions tests using software installed in cars on sale in Europe.

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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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