1st Jun 2023


Report: EU's 'Operation Sophia' prolonged six months

The EU's political and security committee reportedly agreed on Tuesday to phase out the Mediterranean migrant rescue Operation Sophia's mandate during a prolonged six-month period, pending final confirmation from member states. Operation Sophia was already given one interim extension of three months in December as EU countries disagreed on a longer commitment. Sophia is believed to have saved 45,000 people's lives since it began in 2015.

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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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