Vietnam to finalise $8bn boeing deal in US trade pact
Vietnam is set to confirm the purchase of 50 Boeing planes worth $8 billion, alongside agreements to import $2.9 billion in US agricultural products, ...
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
A total of 164,850 people will be admitted next year, with the goal of reaching a cumulative 497,550 new entries by 2028.
It is the second such move Prime Minister Giorgia Meloni has made since she took office nearly three years ago as the head of a right-wing coalition. The government had already decided to issue more than 450,000 permits to migrants between 2023 and 2025.
While easing legal entry for foreign workers, Prime Minister Meloni has maintained a tough stance on irregular migration, accelerating deportations and limiting the activities of humanitarian organizations in the Mediterranean.
"The quotas were determined taking into account the needs expressed by the social partners and the actual applications for work permits submitted in previous years, with the aim of a programme that responds to the needs of businesses and is also realistic," the statement said.
An ageing population and a sagging birthrate highlight the need to attract foreign workers in the euro zone's third largest economy. There were some 281,000 more deaths than births in 2024 and the population fell by 37,000 to 58.93 million, continuing a decade-long trend.
Italy is already the country with the highest share of old people in Europe. At the same time, the very low number of new births means that, despite an always-increasing life expectancy, the Italian population is declining.
The birth rate in Italy has constantly dropped in the last years. In 2023, 6.4 children were born per 1,000 inhabitants, three babies less than in 2002. Consequently, the population in Italy has aged over the last decade. Between 2002 and 2024, the age distribution of the Italian population showed a growing share of people aged 65 years and older. As a result, the share of young people decreased.
Statista's projections suggest that by 2050, Italy could have five million fewer inhabitants.
Similarly, the population in Europe is estimated to decrease in the coming years. In 2024, there were 740 million people living in Europe. In 2100, the figure is expected to drop to 586 million inhabitants.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.
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