Thursday

28th Mar 2024

Ticker

IKEA fined €1m for spying on French employees

A French court ordered Ikea to pay a fine of €1m after the retailer was found guilty of spying on its staff and storing employee data, Reuters reports. Prosecutors said the French subsidiary hired a security company and private detectives to illegally obtain information on its employees and prospective staff as part of a "spying system" that operated from 2009 to 2012.

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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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