1st Jun 2023


MEPs agree to scrap summer time clock changes by 2021

The European Parliament on Tuesday backed a proposal to stop the obligatory one-hour clock change between summer and winter time, leaving it up to member states to decide on their time zone and adjust their clocks for the last time in October 2021, 20 years after daylight-saving time was made compulsory in the EU. The text, approved by 410 against 192, needs final approval by EU ministers.

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ECB: eurozone home prices could see 'disorderly' fall

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.

Adapting to Southern Europe's 'new normal' — from droughts to floods

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'.

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