Friday

29th Mar 2024

Ticker

Report: Ex-EU ambassador suspected of spying for China

A former German diplomat who later worked for the European Commission and EU foreign service, where he served as EU ambassador in several foreign countries, is under investigation for sharing or being willing to share commercially-sensitive information with Chinese spies, German daily Der Spiegel reports. The German probe saw police raids in Brussels, Berlin and other locations, but no arrests. The former diplomat left his EU job in 2017.

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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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