Italy's heatwaves could cost economy up to €12 billion a year
Persistent high temperatures could cost Italy between €6 billion and €12 billion annually, according to a report released on Saturday (18 July). P...
Thousands of Bulgarians took to the streets in Sofia and other major cities on Saturday to oppose the government’s plan to replace the lev with the euro, a key step in the country’s deeper integration into the European Union.
The new Bulgarian government, formed last month, has made eurozone membership a key priority, aiming to strengthen Bulgaria’s position in the EU. However, opposition parties and protesters want a national referendum before making such a major change.
“Revival Bulgaria has the will of the people, and that will now says clearly: we do not want the Bulgarian lev destroyed,” said Kostadin Kostadinov, leader of the Revival party. “We want to preserve Bulgaria’s freedom, and that’s why we demand a referendum.”
Bulgarian President Rumen Radev has also pushed for a referendum, citing concerns over inflation and the impact on vulnerable groups. He recently submitted a request to parliament to hold the vote, but the pro-EU majority rejected it, accusing Radev of acting under Russian influence.
Economic worries are heightened by recent reports that Bulgaria’s inflation is still too high for euro adoption, according to the European Central Bank. This delay has added to public anxiety over the timing and effects of joining the eurozone.
Currently, seven EU countries—including Bulgaria, Romania, and Poland—have not adopted the euro. While Denmark has an opt-out, the others are expected to join once they meet strict economic criteria.
Many Bulgarians, especially in rural areas, remain skeptical of the euro, fearing it will hurt their purchasing power and livelihoods.
As Bulgaria awaits Brussels’ decision expected in June, the debate over the lev versus the euro continues to shape the nation’s political and economic landscape.
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.
The United States launched fresh strikes against Iran after two U.S. service members were killed in Jordan. U.S. President Donald Trump paid tribute to the fallen troops as Iran warned of further escalation.
The United States launched a seventh consecutive night of strikes on Iran as Tehran targeted U.S. allies in the Gulf, while tensions remain high in the Strait of Hormuz.
Ontario Premier Doug Ford has criticised U.S. President Donald Trump's comments blaming Canada for wildfire smoke affecting parts of the United States. He called Trump's remarks "absolutely unacceptable" as crews battle hundreds of forest fires across the province.
Controversial influencers Andrew and Tristan Tate have been arrested in the United States on Saturday after British prosecutors filed fresh rape, trafficking and sexual assault charges against the brothers and requested their extradition to the UK.
Persistent high temperatures could cost Italy between €6 billion and €12 billion annually, according to a report released on Saturday (18 July). Prolonged heat continues to weigh on businesses, workers and the country's tourism sector.
Britain’s incoming Prime Minister, Andy Burnham, plans to abandon the government’s digital ID programme as part of a wider effort to prioritise the cost of living and other everyday concerns.
Cuban dissident artist Luis Manuel Otero Alcántara arrived in the United States on Saturday after completing a five-year prison sentence on the communist-run island.
A magnitude 5.6 earthquake struck central Peru on Saturday, a day after a powerful tremor off southern Mexico prompted a temporary tsunami warning across parts of the Pacific coast.
Russian missiles struck the Ukrainian capital Kyiv and the surrounding region early on Sunday, killing at least one person and wounding 13 others as fires broke out across the city, officials said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment