Friday

29th Mar 2024

Ticker

WHO declares coronavirus a pandemic

The World Health Organisation, a UN body, on Wednesday officially declared Covid-19 a global pandemic. "This is the first pandemic caused by coronavirus," said WHO director-general Tedros Adhanom Ghebreyesus. It had initially in January declared the outbreak as a global health emergency. The virus has so far killed over 4,000 people and spread across some 114 countries.

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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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