1st Jun 2023


Report: Tougher EU safety rules for 'internet of things'

Developers of 'internet of things' products like smart air purifiers or kettles may be fined up to €15m or 2.5 percent of their global turnover if they fail to meet new EU safety standards due to be proposed next week, according to the Financial Times. The proposal is expected to become law in 2024

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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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