Friday

29th Mar 2024

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State intervention ends Norwegian oil and gas strike

Norway's Labour Minister, Marte Mjøs Persen, Tuesday evening stopped a strike by oil and gas workers amid concerns it could worsen Europe's energy crisis. The strike would have cut Norway's gas production to more than half by the weekend. "When the conflict could result in such far-reaching societal impacts for all of Europe, I have no other choice than to intervene," the minister said in a statement.

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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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