Friday

29th Mar 2024

Ticker

Brazil sticks up two fingers to French aid

Brazil's far-right president Jair Bolsonaro has rejected French-led aid proposals to put out Amazon fires and insulted the French president's wife on social media. France and Ireland had "overreacted" in saying the EU should block a free-trade deal with Mercosur, a South American bloc, Brazil also said. Germany has spoken out against Mercosur vetoes, but Finland has proposed banning Brazilian beef, amid tanking popularity at home for Bolsonaro himself.

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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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