Thursday

28th Mar 2024

Ticker

Irish lawyers clash with EU commission in Apple case

US tech giant Apple was not treated more favourably than any other firm and it was "absurd" to say Ireland would have knowingly foregone €13bn in lost taxes, lawyers for the Irish government and the US firm said in an EU court hearing in Luxembourg Wednesday. A European Commission lawyer said Dublin "blindingly accepted" Apple's proposal to minimise taxes, in what EU anti-trust chiefs said amounted to illegal state aid.

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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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