AnewZ Morning Brief - May 9th, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
The European Central Bank (ECB) expects house prices in the eurozone to keep rising, driven by strong demand and limited housing supply, despite a recent decline in real estate prices.
The European Central Bank (ECB) predicts that house prices in the eurozone will continue to rise following a recent recovery in the real estate market, as stated in a report released on Monday.
High construction costs and elevated house purchase prices are hindering the creation of additional housing supply. As a result, the upward trend in prices may persist, driven by strong demand and limited housing availability, the ECB noted.
The report highlights that, despite a recent decline, real estate prices in the eurozone remain elevated. "This has worsened housing affordability, even as monetary policy has become less restrictive," the report stated.
ECB research shows that property prices in the region have dropped by 3% over the past 18 months, a smaller decline compared to the 5% drop during the 2008 global financial crisis and the eurozone debt crisis.
Before 2022, the region's property market had experienced a multi-year boom, with central banks frequently warning about overvaluation in major cities.
A combination of soaring inflation following the COVID-19 pandemic, rising energy costs, increasing interest rates, and tighter financing conditions led to a decrease in house prices starting in 2022. However, by the third quarter of 2024, real estate prices in the eurozone had rebounded, surpassing their 2022 levels.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
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