Friday

29th Mar 2024

Ticker

Markets take deep dive after new German lockdown

World stock markets went into a dive in response to the news that Europe's biggest economies were imposing nationwide restrictions almost as severe as the ones that drove the global economy this year into its deepest recession in generations, Reuters writes. Chancellor Angela Merkel announced Germany will shut bars, restaurants and theatres from 2 November to 30 November. European stock markets closed at their lowest levels since late May Wednesday.

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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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