Thursday

28th Mar 2024

Ticker

Fraudsters caught trying to con German mask-buying firm

Fraudsters almost stole a €2.4m downpayment for €15m of face masks from German buyers after hijacking the websites of genuine mask suppliers in Ireland and the Netherlands, Interpol has said. But joint action by British, Dutch, and Irish police arrested the perpetrators and recovered the funds, some of which were headed to Nigeria. "They were simply experienced fraudsters who saw an opportunity with the outbreak," Interpol head Jürgen Stock said.

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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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