EU condemns OPEC oil production cut

Russian deputy prime minister Alexander Novak said the cartel of oil producing countries had agreed not to increase production of oil, resisting pressure from China and the United States.

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

Researchers found that global societal costs of the so-called forever chemicals or PFAS amount to €16 trillion per year. Meanwhile, the bigger producers of these chemicals are also among the ones spending the most to lobby EU policies.

"If energy prices increase again and support cannot be fully discontinued, targeted policies to support vulnerable households and companies — rather than wide and less effective support policies — will remain crucial," the commission said in its assessment.

MEPs from the agriculture and fisheries committees have voted to reject the nature restoration proposal — a key proposal that aims to halt biodiversity loss and reverse the degradation of ecosystems in the bloc.