U.S. tariffs could cost Italy up to 0.8% of GDP, business lobby says
U.S. tariffs of 30% on European Union goods could reduce Italy’s GDP by up to 0.8% by 2027, according to the country’s main business lobby, Confin...
The 2nd Istanbul World Islamic Economy Summit was held at the Istanbul Financial Center, bringing together leaders and experts from across the Islamic world.
President Recep Tayyip Erdoğan opened the 2nd Istanbul World Islamic Economy Summit, expressing his pleasure in hosting participants at the crossroads of three continents.
He highlighted Türkiye’s steady economic progress under its two-year reform program, noting that annual inflation has fallen for 11 consecutive months, reaching a 40-month low in April, with the goal of bringing it permanently to single digits. Erdoğan also credited the recent drop in global oil prices for helping reduce inflation and the current account deficit.
The president pointed to other positive signs, including central bank reserves surpassing 153 billion dollars and unemployment falling to 7.9 percent in March, the lowest since 2005.
Addressing the broader Islamic economy, Erdoğan noted that although Muslims represent 25 percent of the world’s population, the 57 member states of the Organization of Islamic Cooperation account for only 11 percent of global trade. With the Islamic finance sector valued at around 2.5 trillion dollars, he urged Muslim countries to deepen trade, investment, and financial cooperation to strengthen their global economic position.
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.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
China has begun building a five-station cascade on the Yarlung Zangbo river in Tibet, a $170 billion project that will dwarf the Three Gorges Dam, lift construction shares and alarm India, Bangladesh and environmental groups.
At the 2025 Shusha Global Media Forum, AnewZ officially introduced its ‘Opinion’ section, a space for analysis rooted in the region, shaped by those who live it.
South Korea is looking at various ways to improve relations with North Korea, a Unification Ministry spokesperson said on Monday, after local media reported that Seoul was considering allowing individual tours to the North.
The city of Sweida in southern Syria saw a return to relative calm following days of clashes, as Bedouin fighters withdrew and international mediation helped initiate a ceasefire process.
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