Friday

29th Mar 2024

Ticker

EU to go it alone on digital tax, after US pulls out of talks

The EU is ready to go it alone with taxing digital services provided by companies such as Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, economic commissioner Paolo Gentiloni said on Thursday. His comments came after the US pulled out of talks. Gentiloni said he hoped the move is only a "temporary setback" and the bloc still sought a global solution.

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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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