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29th Mar 2024

Ticker

France threatens to cut UK energy supply in fishing row

The EU could hit Britain and Jersey's energy supply over the UK's failure to provide sufficient fishing licences to French fishermen, France's EU affairs minister Clément Beaune said, The Guardian reports. Beaune added that action would be decided on within days and discussions were already in motion. France has been pushing the EU to take a stronger stance against the UK over its obligations over fishing access to Channel waters.

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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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