Friday

29th Mar 2024

Ticker

UK parliament bars Chinese envoy in sanctions row

Speakers of both chambers of the British parliament have declined entry to China's new UK ambassador, Zheng Zeguang, pending the lifting of Chinese sanctions on several British MPs, including former Conservative party leader Iain Duncan Smith. China, earlier the year, also blacklisted MEPs in Brussels in revenge for EU sanctions over its abuse of the Uighur minority, prompting the European Parliament to freeze ratification of a landmark China-EU investment treaty.

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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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