Friday

29th Mar 2024

Ticker

Heatwave wildfires spread across southern Europe

Huge wildfires in countries including Spain, Portugal, Greece and France have forced national authorities to evacuate thousands of people from their homes, as a heatwave of record-breaking temperatures hits southern Europe. About 16,000 people were evacuated in France on Saturday. Meanwhile, the nearly week-long heatwave has already killed at least 360 people in Spain and 238 people in Portugal, Reuters reported. Britain will also reach record temperatures this week.

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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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