Friday

29th Mar 2024

Ticker

Labour wants chancellor's Deutsche Bank past probed

UK prime minister Boris Johnson has been urged to investigate his new chancellor Sajid Javid's career, after Labour accused him of profiting from the financial crisis while working for Deutsche Bank. John McDonnell, financial spokesman for the UK's opposition Labour Party, questioned in a letter, obtained by The Guardian, Javid's suitability to look after Britain's finances and asked whether Javid also benefited from a tax-avoidance scheme.

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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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