Friday

29th Mar 2024

Ticker

EU says No to Trump on Russia and G7

EU foreign affairs chief Josep Borrell has said US president Donald Trump lacked the authority to unilaterally re-invite Russia to the G7 group of powerful states. "The prerogative of the G7 chair, in this case the United States ... is to issue guest invitations ... [that] reflect the host priorities," he said. "Changing membership or changing the format on a permanent basis is not the prerogative of the G7 chair."

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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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