Friday

29th Mar 2024

Ticker

EU retaliates in US trade war, despite Biden election

EU states have imposed €3.4bn of tariffs on US agricultural and industrial products, as of Tuesday, in retaliation against US tariffs imposed a year ago on European whisky and other imports in a dispute about aviation industry subsidies. "This step was logical," German economy ministry Peter Altmaier said. "They should cut him some slack," Peter Chase, from the German Marshall Fund think-tank, told AP, referring to US president-elect Joe Biden.

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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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