Thursday

28th Mar 2024

Ticker

UK bound 'indefinitely' by Irish backstop after Brexit, MPs told

The UK will be "indefinitely committed" to the Irish backstop, UK attorney general Geoffrey Cox told MPs on Monday. Cox, who gives legal advice to the government on the Brexit deal, said there would be no unilateral right for the UK to pull out of the backstop, which is designed to prevent a new Irish border if no trade deal is reached with the EU after Brexit.

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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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