Friday

29th Mar 2024

Ticker

British navy seizes oil tanker busting EU sanctions

The British navy has seized an oil tanker called Grace 1 on its way past Gibraltar to the Syrian refinery of Baniyas, which is under EU sanctions. Fabian Picardo, the Gibraltar first minister, told the BBC he had written to the European Commission and EU Council presidents to give details. The operation comes amid uncertainty on UK-EU defence and foreign policy cooperation after Brexit due later this year.

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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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