Bus overturns in lancaster, California, ınjuring nearly 20 ıncluding child
A bus operated by Kern Transit overturned on Monday morning after hitting railway tracks alongside Sierra Highway in Lancaster, California. Approximat...
Industrial production in the eurozone rose by 1.1% month-on-month in February, outperforming expectations, according to data released by Eurostat on Tuesday. Analysts had forecasted a modest 0.1% increase.
The rise was primarily driven by gains in non-durable consumer goods, which surged 2.8%. Intermediate goods also posted a 0.3% increase, while capital goods saw a rise of 0.8%. However, energy output declined by 0.2%, and durable consumer goods fell by 0.3%.
In the broader European Union, industrial production increased by 1% month-on-month in February, with non-durable consumer goods leading the way, rising by 2.7%. However, the production of durable consumer goods in the EU fell by 0.4%.
On an annual basis, industrial output in the eurozone grew by 1.2% in February, while the EU saw a 0.6% increase. The strongest annual growth in the eurozone was in non-durable consumer goods, which rose by 9.7%. Meanwhile, intermediate goods saw a 2.7% year-on-year decline.
In the EU, non-durable consumer goods also recorded the highest annual growth at 8.1%, while both intermediate and durable consumer goods experienced declines of 2.2%. The data underscores a mixed performance across various sectors within the EU and eurozone economies.
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.
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.
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.
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.
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
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.
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