Friday

29th Mar 2024

Ticker

German business takes €3.5bn Brexit hit in first half of 2019

German businesses have incurred losses worth €3.5bn in bilateral trade between Germany and the UK because of negative effects of Brexit in the first half of this year alone, according to the Federation of German Wholesale, Foreign Trade and Services (BGA). The president of the BGA warned that the real cost will be much higher and that a no-deal Brexit would have "catastrophic consequences" for German exporters.

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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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