1st Jun 2023


EU to donate extra €400m for Africa vaccines rollout

The European Commission announced on Thursday it will further support the Covid-19 vaccination rollout in Africa with an additional €400m. A total of €300m will be channelled through the global vaccine distribution facility COVAX while €100m will be used for diagnostics, therapeutics and strengthening health systems in the neighbouring continent. The EU will also provide €427m to the Global Pandemic Preparedness Fund, subject to agreement on its governance.

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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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