Friday

29th Mar 2024

Ticker

EU steel tariffs have 'worked well' so far

An EU decision to impose 25 percent tariffs on 23 different types of steel in retaliation against US ones had "overall worked well during the first year of implementation" the European Commission said Wednesday on the basis of a new economic study. It suggested giving developing countries more breaks from the tariff scheme, among other tweaks, which would have to be approved by the World Trade Organisation to go ahead.

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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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