Thursday

28th Mar 2024

Ticker

Arrests in Zurich at Swiss banking fossil-fuel protest

Activists took the streets of Zurich's financial district on Monday and blocked entrances to Switzerland's two biggest banks offices - Credit Suisse and UBS - to protest against the financing of fossil fuels, Reuters reported. Police said they arrested some 30 people during the peaceful protest. The protest is part of a wave of civil disobedience in Switzerland, where the climate is warming quicker than the global average.

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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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