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29th Mar 2024

Ticker

EU sued by Intel for €593.2m in compensation

US tech giant Intel is suing the EU Commission for €593.2m in compensation, representing the interest on a €1.1bn anti-trust fine it paid in 2009, but which was overturned by the EU courts in January following lengthy appeals. The EU already paid back the sum of the fine. The claw-back on interest comes after a separate EU court decision last year (Commission v Printeos) established a precedent on interest-related damages.

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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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