Friday

29th Mar 2024

Ticker

Turkey sending ships back into Greek-claimed waters

Turkey has said three vessels - the Oruc Reis, Ataman, and Cengiz Han - are to spend 10 days drilling for oil and gas in waters claimed by Greece and Cyprus in the eastern Mediterranean in a move likely to redouble calls for EU sanctions. Early results in elections in Turkish-occupied northern Cyprus also showed hawkish challenger Ersin Tata neck-and-neck with the more moderate incumbent in a potential new flashpoint.

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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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