Friday

29th Mar 2024

Ticker

Financial Times picks Soros as 'Person of the Year'

UK business daily, the Financial Times, has chosen American-Hungarian investor and philanthropist, George Soros, as 'Person of the Year 2018' for his role as "standard bearer of liberal democracy and open society". Born to a Jewish family in Hungary, the 88-year-old founded the Open Society Foundations but has been singled out by Hungarian prime minister Viktor Orban as a state enemy.

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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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