Friday

29th Mar 2024

Ticker

EU urges China to back off in Philippines dispute

The EU has urged China to back off in a territorial confrontation with the Philippines, a Western ally, in the South China Sea. "Tensions in the South China Sea, including the recent presence of large Chinese vessels at Whitsun Reef, endanger peace and stability in the region," an EU spokesperson told Reuters Saturday, after Manila complained Friday that China had stationed militia-manned gunboats around the disputed Whitsun Reef/Julian Felipe Reef.

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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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