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29th Mar 2024

Ticker

Timmermans cancels Moscow visit ahead of COP26

European commissioner Frans Timmermans will not travel to Moscow to discuss climate action ahead of the crucial COP summit in Glasgow next month, The Moscow Times writes. "Due to agenda issues which meant it was not possible to meet all the relevant counterparts on the dates available, and the coronavirus situation, it was decided to postpone Mr Timmermans' visit to Moscow until a later date," a Commission spokesperson said.

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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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