Friday

29th Mar 2024

Ticker

Sunak vs Truss in race to replace Johnson as UK PM

The internal Conservative race to replace Boris Johnson as party leader and thus British prime minister has been narrowed down to two final candidates — former finance minister Rishi Sunak, and current foreign secretary, Liz Truss. The pair will now spend the summer campaigning to win the votes of the party's approximate 140,00-200,000 members, with a result due to be announced on 5 September. Johnson remains PM until then.

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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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