live U.S. sanctions alleged Iran-linked network after Strait of Hormuz attacks
The U.S. has imposed new Iran-related sanctions targeting a key financier linked to Supreme Leader Ayatollah Mojtaba Khamenei and 13 other individuals...
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.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
The death toll from Venezuela's twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
China's technology sector is producing billion-dollar startups at its fastest pace in nearly five years, with artificial intelligence and robotics driving a new wave of investment that is reshaping the country's innovation economy.
Chinese President Xi Jinping has urged China and North Korea to strengthen cooperation and maintain "strategic resolve" amid what he described as growing global instability. He made the remarks during talks with North Korean Premier Pak Thae-song in Beijing on Friday.
British police have arrested a 26-year-old man on suspicion of the murder of Ann Widdecombe, a former government minister whose death was announced on Friday.
Andy Burnham is on the brink of becoming Labour leader and prime minister after securing the overwhelming backing of Labour MPs in the first round of leadership nominations.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
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