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29th Mar 2024

Ticker

Germany in talks with Gilead over Covid-19 drug remdesivir

German health minister Jens Spahn, whose country holds the EU's presidency, told MEPs Monday he had discussed the Covid-19 antiviral drug remdesivir with US health secretary and drug firm Gilead to secure production in the EU. Remdesivir is the only drug which has been cleared in the EU for Covid-19 treatment, but most gobal supply has been bought by the US. Spahn said Germany has only a few hundred doses.

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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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