1st Jun 2023


No reason for EU legal action over Northern Ireland, Britain said

Britain told the EU on Tuesday there was no reason for taking legal action over London's plan to scrap some post-Brexit trade rules for Northern Ireland. The EU said the British draft bill could break international law as it suspends part of the withdrawal agreement between the EU and the UK. On Monday, EU Commission vice-president Maroš Šefčovič warned the EU executive might launch new infringement procedures against Britain.

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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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