1st Jun 2023


Putin: Nord Stream gas could be redirected via Black Sea

Russian president Vladimir Putin said on Wednesday that "lost" gas flows from damaged Nord Stream pipelines could be redirected to the Black Sea, to create a European "gas hub" in Turkey, Reuters reported. Putin also insisted that gas supplies could be delivered to Europe through one part of the Nord Stream 2 which is not affected. Nord Stream 2 was put on hold after the invasion of Ukraine.

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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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