1st Jun 2023


EU hails Israel-Bahrain peace deal

The EU foreign service has "welcomed" the establishment of diplomatic relations between the Kingdom of Bahrain and Israel, following a similar, historic announcement with the United Arab Emirates under US diplomacy. The US-brokered Arab deals "represent a positive contribution to peace and stability in the Middle East", the EU said. It also urged a two-state solution to the Arab-Israeli conflict over Palestine, amid ongoing fears of Israeli annexation, however.

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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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