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29th Mar 2024

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Death toll climbs to 70 in Turkey floods

The death toll in northern Turkey has risen to 70 in the wake of this month's devastating floods, the country's disaster management authority (AFAD) announced on Monday, Deutsche Welle reports. Torrential rains battered the country's northwestern Black Sea provinces on 4 August, causing flash floods that demolished homes and bridges, swept away cars, and blocked roads. Officials confirmed that rescuers recovered more bodies over the weekend.

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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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