Volkswagen cuts 2025 forecast after U.S. tariffs slash €1.3 bn from earnings
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recove...
Greece has declared a state of emergency on Santorini as the island faces ongoing earthquakes, with tremors reaching up to 5.3 in magnitude. In response, the government has introduced temporary measures to protect workers and businesses, including compensation and job retention initiatives.
Greece has introduced temporary support measures for workers on the island of Santorini following a series of earthquakes that have rattled the popular tourism destination for over a week.
Since February 1, the Aegean Sea off Santorini has experienced thousands of tremors, with magnitudes reaching up to 5.3. As a result, authorities have declared a state of emergency on the island, which will remain in effect for at least a month.
In response, Greek authorities have closed schools across Santorini and neighboring islands, deploying rescue teams and the army to assist with ongoing efforts. Over 11,000 people, including many seasonal workers, have evacuated the area.
To mitigate the impact on the island's tourism-dependent economy, Greece's labor ministry has announced measures to protect workers and businesses. Under these provisions, businesses are allowed to suspend worker contracts until March 3, but layoffs are prohibited. At the end of this period, businesses must restore the same number of jobs as before the suspension. Workers whose contracts are suspended will receive state compensation of up to 534 euros for a 30-day period.
However, the union representing food and tourism workers, POEET, has voiced concerns about the lack of protection for many employees. The union criticized the inconsistent decisions made by businesses regarding operations, leaving many workers without income or insurance coverage during this uncertain period.
Santorini, with a population of approximately 20,000, is a major European tourist destination, attracting more than 3 million visitors annually, drawn by its stunning views and famous sunsets. The island, formed by a volcanic eruption in 1600 BC, is now grappling with the effects of seismic activity. Experts say the current series of earthquakes, though unrelated to volcanic activity, are unprecedented in the region and may continue for weeks. Scientists have also cautioned that a larger tremor could still occur.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
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.
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.
U.S. Secretary of State Marco Rubio on Friday praised Pakistan's role in promoting regional stability and discussed deeper cooperation on counterterrorism, trade, and critical minerals during a meeting in Washington with Deputy Prime Minister Ishaq Dar.
President Volodymyr Zelenskyy said on Friday that Ukrainian forces are engaged in intense battles near the eastern city of Pokrovsk, a critical logistics center where Russian forces have been steadily advancing and claiming new territory almost daily.
Cambodia has called for an immediate and unconditional ceasefire with Thailand as border clashes between the two Southeast Asian neighbors escalated for a second consecutive day, AFP reports.
Trump rejected Macron’s plan to recognize a Palestinian state at the UN.
U.S. President Donald Trump announced on Friday his support for maintaining the restrictions on U.S. and Russian strategic nuclear weapons outlined in the 2010 New START treaty, which is set to expire in February
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment