Climate change could slash over 5% from Italy’s GDP by 2050 if no action is taken, according to the national budget watchdog, highlighting the urgent need for global emissions cuts.
The watchdog said the fiscal impact of such disasters could jump from 0.2% of GDP in 2024 to 5.1% by mid-century. However, if global carbon-neutrality goals are met, the damage could be limited to just 0.9%.
Recent years have seen floods and droughts wreak havoc across Italy, particularly affecting the less developed southern regions. The report notes that the frequency of extreme weather events in 2050 could be six times higher without policy changes and twice as high under a carbon-neutral scenario.
UPB President Lilia Cavallari emphasized the need for coordinated international action, warning that isolated efforts to tackle climate change may prove both ineffective and expensive. The report also highlighted the growing cost of government subsidies aimed at supporting the transition to cleaner energy sources.
India has warned Pakistan of “high floods” along the Sutlej River as northeastern regions prepare for another intense monsoon spell, with nearly 2...
In a historic showdown, Spain’s Carlos Alcaraz defeated Italy’s Jannik Sinner at the U.S. Open final on Sunday, earning his second Grand Slam tit...
Hamas said Sunday it received a new U.S. ceasefire proposal through mediators and is ready to resume negotiations....
U.S. President Donald Trump said on Sunday that he may visit Kazakhstan following an “excellent conversation” with the country’s President, Kass...
India has warned Pakistan of “high floods” along the Sutlej River as northeastern regions prepare for another intense monsoon spell, with nearly 2 million people already displaced, officials said on Sunday.
In a historic showdown, Spain’s Carlos Alcaraz defeated Italy’s Jannik Sinner at the U.S. Open final on Sunday, earning his second Grand Slam title of 2025 and a record $5 million first prize.
Hamas said Sunday it received a new U.S. ceasefire proposal through mediators and is ready to resume negotiations.
U.S. President Donald Trump said on Sunday that he may visit Kazakhstan following an “excellent conversation” with the country’s President, Kassym-Jomart Tokayev.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Pakistan’s eastern towns of Chiniot and Hafizabad are at risk of devastating floods if an irrigation barrage on a major upstream river collapses after torrential rains pushed it beyond capacity, officials warned on Thursday.
Egypt, the United Arab Emirates (UAE), and Bahrain have signed an agreement with China to jointly develop a $220 million solar energy project.
A deadly landslide triggered by heavy rain struck a major Hindu pilgrimage route in Jammu, killing at least 30 people and disrupting communication across the region.
Wind farm developer Orsted's plan to raise much-needed capital is at risk following a U.S. order to halt construction of a near-complete project, and the Danish group's share price could come under pressure on Monday, analysts said.
Brazil’s government has ruled out subsidising hotel costs for delegates attending the COP30 climate summit in Belém this November, despite growing concerns over soaring accommodation prices.
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