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.
The U.S. military said it completed a sixth consecutive night of strikes on Iran late on Thursday, targeting logistics infrastructure and maritime ca...
Kazakh President Kassym-Jomart Tokayev invited Chinese technology companies to expand investment in Kazakhstan during a business roundtable in Shangha...
Kazakhstan and China have signed more than $15 billion worth of commercial agreements during President Kassym-Jomart Tokayev’s visit to Shanghai, ex...
The U.S. military said it completed a sixth consecutive night of strikes on Iran late on Thursday, targeting logistics infrastructure and maritime capabilities. Iran responded by launching strikes at U.S. bases in neighbouring countries.
A team of South Korean and U.S. researchers has developed a robotic system that allows people to put on clothing without using their hands or needing help from someone else.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 17th of July, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy has nominated the acting head of the Security Service of Ukraine, Yevhenii Khmara, to serve as acting defence minister. It follows rare protests across Ukraine on Thursday after Zelenskyy dismissed Defence Minister Mykhailo Fedorov in a government reshuffle.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
India's investigation into last year's Air India crash that killed 260 people has entered its final stages, with investigators completing a transcript of the cockpit voice recorder and carrying out a psychological autopsy as they work towards a final report.
Russia's government is prioritising fuel supplies for vehicles delivering food to major retail chains as the country grapples with nationwide fuel shortages caused by repeated Ukrainian drone attacks on its energy infrastructure.
Toronto experienced the worst air quality of any major city in the world on Wednesday as thick smoke from wildfires burning across north-western Ontario blanketed the city.
More than 260,000 people were evacuated to safety in China's northeastern Liaoning province after Typhoon Bavi brought severe flooding and widespread disruptions.
Two endangered loggerhead sea turtles have been released into the Mediterranean from Türkiye's Antalya province as part of a conservation project to track their migration and strengthen protection efforts.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
China has maintained its highest-level rainstorm warning after Typhoon Bavi made landfall on the country's eastern coast, urging large-scale evacuations and emergency preparations across several provinces amid fears of severe flooding and landslides
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