Thursday

28th Mar 2024

Ticker

Michel 'deplores' China over Hong Kong, as EU mulls options

Top EU officials and national politicians have condemned China's new security law on Hong Kong, with Chris Patten, its last British governor, saying it "marks the end of 'one country, two systems'," the Sino-British accord in 1997 in which the UK ceded control of its former colony. China's act was "deplorable," EU Council president Charles Michel said. The European Commission was analysing how the EU should react, it 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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