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29th Mar 2024

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Putin opens first summit with African leaders

Russian president Vladimir Putin on Wednesday opened the first summit between Russia and Africa, telling 54 African leaders that Moscow sought to double trade with the continent in the next four to five years. "In Africa, there are very many potential partners with good prospects and huge growth potential," Putin said. The summit comes a day after Putin and Turkish president Recep Tayyip Erdogan reached an agreement over north-east Syria.

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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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