Friday

29th Mar 2024

Ticker

Volkswagen, FiatChrysler could face EU emissions fine

A study by the consulting firm AlixPartners published Wednesday suggests Volkswagen and FiatChrysler could both face large fines should they fail to meet the European Union's emissions targets set for 2021. Volkswagen stands to lose some €1.83bn and FiatChrysler €746m. Carmakers, under EU rules, are required to cut average fleet emissions for passenger cars to 95 grams of carbon dioxide per kilometer by 2021.

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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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