Friday

29th Mar 2024

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EU warns US on Privacy Shield data deal

European commissioner Vera Jourova, responsible for data protection, has told US commerce secretary Wilbur Ross America needs to finally appoint a permanent ombudsman, to deal with complaints from Europeans whose data is processed by American firms. The ombudsman is a requirement of the EU-US Privacy Shield agreement. Jourova said in a letter, seen by the FT, that there is "little reason for the delay" and set an October deadline.

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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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