Thursday

28th Mar 2024

Ticker

EU fines Google €1.49bn

The European Commission on Wednesday doled out a €1.49bn fine against Google over its market dominance in online search adverts and for imposing anti-competitive contractual restrictions on third-party websites. "This is illegal under EU anti-trust rules," said European competition commissioner Margrethe Vestager. The fine is the third imposed upon the internet giant in two years.

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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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