Consumer spending lifts Wall Street
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week....
Greek Prime Minister Kyriakos Mitsotakis on Saturday announced generous income tax breaks to boost households with children, part of a tax reform worth 1.6 billion euros ($1.87 billion).
The plan, set to take effect in 2026, includes a two-percentage-point reduction in all tax brackets and a zero tax rate for low-income families with four children, addressing falling birth rates and high housing costs.
The reforms will be funded by strong economic growth, a higher-than-expected budget surplus, and improved tax collection.
Mitsotakis also pledged increased pensions and the removal of a real estate tax in remote areas to encourage young people to move away from big cities.
"We are all well aware that Greeks are struggling to make ends meet. Therefore our non-negotiable priority is to prop up their income," he said.
Despite these measures, Greece remains Europe’s most indebted nation, with disposable incomes lagging behind the EU average.
Mitsotakis’ New Democracy party has seen declining ratings, with opinion polls showing support at 22-25%, down from 41% in 2019. Thousands protested in Thessaloniki, calling for higher wages and better living standards.
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 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.
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
The UN Security Council on Friday vetoed a draft resolution submitted by Russia and China that sought to delay the “snapback” sanctions on Iran. The resolution received only four votes in favour, with nine members voting against and two abstaining.
At least 10 people have been killed in the Philippines after Tropical Storm Bualoi brought heavy rains and strong winds to parts of the country, officials confirmed Friday.
The U.S. considers limiting India’s purchases of Russian oil a key requirement for reaching a trade agreement.
On Friday, the UN Security Council vetoed a draft resolution to extend the 2015 Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear program until April 18, 2026.
The Maghreb branch of the Global Sumud Flotilla, en route to Gaza with humanitarian aid, has reported a second encounter with military aircraft this week. According to the group, two unidentified planes flew at low altitude over its vessels while they were sailing in Greek territorial waters.
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