Thursday

28th Mar 2024

Ticker

EU selling more goods to US despite Trump tariffs

The EU's goods trade surplus with the US for the first five months of 2019 rose to €62.1bn from €55.4bn in the same period last year. The increase could stoke tensions after the US already imposed tariffs on some EU exports to get the numbers down. At the same time, Europe's trade deficit with China grew to €76.7bn from €69.2bn, amid complaints China unfairly restricts market access for foreign firms.

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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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