Friday

29th Mar 2024

Ticker

France unveils €8bn 'electric' rescue for car industry

French president Emmanuel Macron announced on Tuesday an €8bn rescue plan for the car industry - with a big boost for electric vehicles, Associated Press reported. "Our country wouldn't be the same without its great brands - Renault, Peugeot, Citroen," Macron said, while aiming to make France more competitive on "clean" cars. Over 400,000 people are employed in this industry. Auto sales fell by about 90 percent in April.

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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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