Saudi Arabia announces $6.4 billion in Syria investments
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Shara...
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 world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
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.
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
The Central Bank of Azerbaijan has reduced the refinancing rate from 7.25% to 7%, the interest rate corridor floor from 6.25% to 6%, and the ceiling from 8.25% to 8%.
Inflation is when prices rise, reducing the purchasing power of your money. When it happens slowly, it’s manageable. But when it surges, it can disrupt savings, wages, business planning, and economic growth. That’s when central banks step in.
Spy cockroaches, tank-like AI robots, and battlefield drones are at the heart of Germany’s ambitious plan to reinvent warfare, as Europe ramps up defence spending in response to Russia’s invasion of Ukraine.
The announcement triggered a sharp rally in Japanese equity markets. Shares in major automakers surged: Toyota rose over 14%, Honda gained 11%, while Mazda and Subaru both advanced more than 17%. Japan’s Topix index closed up 3.2%. The yen weakened slightly, trading at ¥146.8 against the dollar.
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