Friday

29th Mar 2024

Ticker

EU to ask firms to hedge against future pandemics

The EU is planning to ask industry what it thinks of potential new safeguard measures to protect businesses from future pandemics, according to a draft consultation paper seen by Reuters. "It is important ... to buffer against the risk of future pandemics," the European Commission said, referring to potential new capital requirements. "Biodiversity loss" also had a "growing negative impact ... on companies' profitability and long-term prospects," the commission added.

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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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