Friday

29th Mar 2024

Ticker

US court hits Germany's Bayer with third Roundup fine

A California jury on Monday awarded more than $2bn [€1.78bn] to a couple who claimed Monsanto's Roundup weedkiller caused their cancer. It is the third verdict against Roundup, with more than 13,400 US lawsuits pending over the weedkiller's alleged cancer risk. American agrochemical Monsanto was acquired by German chemicals giant Bayer AG last year. Bayer said on Monday it was disappointed with the verdict and would appeal.

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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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