Thursday

28th Mar 2024

Ticker

France to nationalise nuclear operator amid energy crisis

France is set to take full control of the debt-laden nuclear power group EDF, prime minister Élisabeth Borne told parliament on Wednesday. She did not give any details, but president Emmanuel Macron said during his re-election campaign in March that part of the company should be nationalised to bolster French energy independence. EDF has been grappling with debt which further spiked during the energy crisis this year.

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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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