Friday

29th Mar 2024

Ticker

One in five small British firms stopped exporting to EU

Some 30 out of 132 firms surveyed by Britain's Federation of Small Businesses (FSB) have temporarily halted exports to the EU due to red tape, while five stopped permanently. "What we hoped would prove to be teething problems are in danger of becoming permanent, systemic ones," FSB head Mike Cherry said, Reuters reports. The "unusual figures" were caused by a "unique combination of factors", including Covid, a government spokesman 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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