Friday

29th Mar 2024

Ticker

Europe hit by record breaking June heat wave

France, Germany, Switzerland and Belgium could all see national records for June broken in the coming days, with temperatures expected to be well over 30C all week. The city of Paris has activated the third level of its extreme heat plan - the maximum level four has never been used. The heatwave is unprecedented because it's hitting early in June and night-time temperatures are unlikely to fall below 20C.

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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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