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29th Mar 2024

Ticker

Ex-Austrian chancellor Kurz to work for Peter Thiel

Sebastian Kurz will be a global strategist for Thiel Capital, whose founder, the tech billionaire Peter Thiel, is a long-time acquaintance of the former chancellor, the Austrian daily Heute reported on Thursday. Thiel was an early backer of Donald Trump's political ambitions in the US, heads Palantir Technologies, which specialises in big-data analytics, and has been embroiled in controversies. Kurz resigned in October after being accused of corruption.

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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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