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29th Mar 2024

Ticker

Shipwreck kills 150 migrants off coast of Libya

At least 150 people drowned in the Mediterranean on Thursday, when their boat to Europe sank off the coast of Libya, according to the UN Refugee Agency (UNHCR). "If current trends continue, we are likely to see more than a thousand people lose their life on the Mediterranean for the sixth year in a row, which is a bleak milestone for us to be reaching," said UNHCR spokesman Charlie Yaxley.

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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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