1st Jun 2023


Facebook to hire 10,000 in EU to build 'metaverse'

US tech giant Facebook is to hire 10,000 people in the EU in the next five years to build a "metaverse" - a virtual world where users' avatars can socialise and work together. "This investment is a vote of confidence in the strength of the European tech industry and the potential of European tech talent ... Europe is hugely important to Facebook," it said while announcing the move on Monday.

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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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