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29th Mar 2024

Ticker

UK will struggle on free-trade deals, EU says

The UK will struggle to get decent trade deals after Brexit and British food prices will surge if there is a no-deal departure, EU agriculture commissioner Phil Hogan said in Australia Thursday. The EU market of 500m customers "will always resonate more with a third country" than the British one of 65m, he said. No-deal UK border checks on EU imports would see a "major increase in food prices".

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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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