Thursday

28th Mar 2024

Ticker

EU Commission loses case against Apple tax-ruling

The General Court of the European Union on Wednesday annulled a decision by the European Commission regarding the Irish tax rulings in favour of Apple. The commission argued Ireland had granted Apple €13bn in unlawful tax advantages. But the court disagreed, saying the commission was wrong to declare that Apple Sales International and Apple Operations Europe had been granted a selective economic advantage and, by extension, state aid.

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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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