Friday

29th Mar 2024

Ticker

May fights off demand for resignation date

British prime minister Theresa May has refused to name a date for her expected departure, despite mounting pressure from her own Conservative MPs due to the stalemate in the Brexit process. May had previously said she would leave Downing Street after getting her Brexit deal through parliament. On Wednesday her spokesman refused to set a timetable or date for her departure, with talks with the opposition Labour party seemingly deadlocked.

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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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