1st Jun 2023


America's Pelosi backs Armenian account of Azeri attack

Azerbaijan has lashed out at US speaker Nancy Pelosi after she backed Armenian claims over recent violence. Pelosi said in Yerevan Sunday she condemned Azerbaijan's attacks, which killed over 100 Armenian soldiers, but Azerbaijan denies the killings. "This is a serious blow to the efforts to normalise relations between Armenia and Azerbaijan," the Azeri foreign ministry said. Russia and Turkey had been leading diplomatic efforts to defuse the situation.

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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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