Keep Hiking | The ECB should push on with interest-rate increases despite the turbulence around the financial industry, though the pace of hikes may need to slow, according to Governing Council member Peter Kazimir. Here's what else he had to say. Not Enough | Europe isn't investing enough in renewable energy and should do more to speed up permitting, interconnections and reduce bureaucracy, according to one of the biggest wind farm developers. EDP CEO Miguel Stilwell de Andrade pointed the finger at member states, saying EU guidelines haven't been adopted in most countries. Real Meat | Italy's government introduced a draft law that, if approved, will ban the production and sale of cultivated food and meat. It appears to be a preventive move aimed at signaling the government's determination in defending Italy's culinary tradition, but which may anger environmental activists. Swiss Succession | With Switzerland's banking crisis barely subsided, the country's central bank will soon need to find a successor to one of the key players behind the scenes. Andrea Maechler, the governing board member in charge of markets, has only one quarterly interest-rate decision left, and replacing her will be no easy task. Banking Fees | Germany, France, Italy and seven other EU nations expressed opposition to a proposed ban on fees that funds pay banks to offer their investments, citing risks it could reduce advice to savers and the source of capital that they represent. Lobby groups including the German Investment Funds Association have also criticized the proposed ban. Market Fizz | To celebrate romance or toast a great performance, pop open the Champagne, of course. Along with their sex appeal, the finest bottles also pour out heady investment returns. And as the market bubbled ever higher in 2021 and 2022, speculators pounced to outperform the S&P500 and gold. |
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