Friday

29th Mar 2024

Ticker

Heatwave beats records in EU

Belgium, Germany and the Netherlands have this week registered record temperatures during a heatwave, amid the wider debate on climate change. In Belgium, temperatures hit 38.9C on Wednesday, beating previous record of 38.8C set in June 1947. The Dutch high record set August 1944 was also surpassed with a 39.2C. Germany believes its 40.5C - yet to be confirmed - may also be new all-time record.

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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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