1st Jun 2023


Top-earning bankers moved to EU from Britain ahead of Brexit

Nearly 100 highly paid bankers left Britain ahead of its departure from the EU, the bloc's banking watchdog said, Reuters reports. The European Banking Authority (EBA) said in its annual survey of bankers earning €1m euros or more a year that Britain saw a drop of 95 high earners in 2019. The country still accounted for 71 percent of the top-paid bankers across the bloc in 2019.

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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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