Thursday

1st Jun 2023

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Von der Leyen: Russia hoarding food as 'blackmail'

Russia is using food security as blackmail, the European Commission president Ursula von der Leyen said in Davos on Tuesday. "Russia is now hoarding its own food exports as a form of blackmail — holding back supplies to increase global prices, or trading wheat in exchange for political support," she said. After the Ukraine invasion, food prices increased significantly globally. For example, bread prices in Lebanon jumped 70 percent. 

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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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