Thursday

28th Mar 2024

Ticker

EU offers help to Lebanon after port explosion

France, Italy, and the UK offered aid to Lebanon after an explosion in Beirut killed some 100 and injured 4,000 on Tuesday. The blast, initially blamed on chemical stockpiles in a port warehouse, was heard in Cyprus. "The EU stands ready to provide assistance and support," EU Council president Charles Michel said. It had also made available its "Copernicus" satellite observation system, EU crisis management commissioner Janez Lenarčič 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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