Friday

29th Mar 2024

Ticker

British aristocrats caught peddling Kremlin ties

Prince Michael of Kent, a minor British royal, and his associate, the Marquess of Reading, have been peddling their alleged influence in Russia in return for fees of €11,000 a day to foreign companies, according to an investigation by The Times newspaper and Channel 4 broadcaster. The marquess told a South Korean firm, for instance, the prince was the Queen's "unofficial ambassador to Russia" and could secure Kremlin contracts.

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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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