Friday

29th Mar 2024

Ticker

Markets plunges as China stops buying US farm products

Global markets plunged om Monday over the news that Chinese companies have halted purchases of US agricultural products marking the latest escalation of a trade war between the United States and China. China also devalued its currency, the yuan, on Monday. The Trump administration announced new tariffs on Chinese imports last week while praising a previously-announced deal that will open up the European Union to more US hormone-free beef.

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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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