Friday

29th Mar 2024

Ticker

Digital tax plan falls amid opposition by four EU states

EU finance ministers failed to adopt a watered-down digital tax plan on Tuesday after four states opposed the measure, which required consensus. "I continue to have strong principled concerns about this policy direction," Irish minister Paschal Donohoe said. The plan, put forward by France and Germany, was to tax US online retailers like Apple and Amazon, but not advertisers, such as Facebook and Google, with talks set to continue.

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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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