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1st Jun 2023

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Islamists suffer crushing defeat in Moroccan elections

Morocco's liberal RNI party has won the most seats in the country's parliamentary elections, while the co-ruling moderate PJD Islamists suffered a crushing defeat, preliminary results showed, the Guardian writes. RNI took 97 of the 395-seat parliament. Another liberal party, PAM, secured 82 seats and the conservative Istiqlal took 78 seats. The PJD, which had been a coalition partner in the previous two governments, took only 12 seats.

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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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