1st Jun 2023


EU concerned about sea impact of Syrian oil spill

The European Commission said on Wednesday it was concerned about the environmental impact on the Mediterranean of the 20,000-tonnes oil slick that originated from a power plant in the Syrian town of Baniyas. According to AFP, the layer of oil has pulled away from the north of Cyprus thanks to shifting winds. An oil-recovery vessel was made available to Cyprus by the European Maritime Safety Agency.

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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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