Friday

29th Mar 2024

Ticker

Pompeo cancels Europe trip after Luxembourg snub

US secretary of state Mike Pompeo has cancelled a trip to Brussels and Luxembourg, saying publicly he needed to stay home to prepare for the transition. But the real reason was because Luxembourg foreign minister Jean Asselborn had declined to host him, according to US sources speaking to Reuters and Fox News. Assleborn earlier called outgoing American president Donald Trump "criminal" and a "political pyromaniac" for inciting the Capitol riot.

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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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