Thursday

1st Jun 2023

Ticker

Swedish PM resigns after election defeat

Sweden's prime minister Magdalena Andersson resigned on Thursday, paving the way for a change of government. The speaker of the parliament is now expected to give the head of Sweden's Moderate Party, Ulf Kristersson, a mandate to form a new government, following Sunday's general election. His right-wing group includes the far-right Sweden Democrats. The result has been a blow to Andersson's Social Democrats, which remain Sweden's largest single party.

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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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