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1st Jun 2023

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EU not evacuating staff from Kyiv

The EU will not evacuate its staff from Kyiv, the bloc's foreign affairs chief Josep Borrell said on Monday before the meeting of EU foreign affairs ministers, who will have a video conference with US secretary of state Anthony Blinken. "Blinken will explain the reasons for this announcement, we are not going to do the same thing, [...], we don't have to dramatise, the negotiations are going on," Borrell said.

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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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