Friday

29th Mar 2024

Ticker

EU stops Irish case after Apple pays €13bn

The European Commission plans to drop court action against Ireland after Dublin recovered €13.1bn of unpaid taxes from US tech giant Apple. "Good. So we can close the court action on recovery," EU competition commissioner Margrethe Vestager tweeted. The sum arose from an Irish sweetheart deal with Apple, which has its EU headquarters there, and which the EU said amounted to illegal state aid.

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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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