Oil slips under $70 as OPEC+ output grows and U.S.-EU tariffs weigh
Oil prices fell below the key $70 per barrel mark last week as increased output from OPEC+ eased supply concerns, while renewed U.S. tariff threats un...
The European Central Bank has confirmed that Bulgaria now meets all criteria to adopt the euro, setting the stage for the country to join the eurozone on January 1, 2026, pending final approval from EU finance ministers.
Bulgaria is set to become the 21st member of the eurozone after the European Central Bank announced the country meets all necessary conditions to adopt the euro from January 1, 2026.
“This positive assessment of convergence paves the way for Bulgaria to introduce the euro,” said ECB Chief Economist Philip Lane.
The final decision will rest with EU finance ministers, expected to approve the move in early July. Following this, Bulgarian central bank officials will begin participating in ECB meetings as observers before formal accession.
While Bulgaria had previously struggled with inflation requirements, this time it just passed, with a 12-month inflation rate of 2.7% - slightly under the 2.8% reference value.
Though inflation is expected to rise to 3.6% in 2025, the European Commission forecasts a drop below 2% by 2026, aligning with eurozone standards.
Bulgaria’s euro entry will mark a major milestone in its EU integration, following years of effort and gradual economic alignment with the bloc.
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.
Microsoft has ceased using China-based engineers to support U.S. Defense Department cloud systems, following a ProPublica investigation. Pentagon leadership and Congress reacted swiftly, prompting a two-week review of all such cloud contracts by Defense Secretary Hegseth.
“Superman” continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theaters welcome a wave of blockbuster competition following a challenging few years for the film industry.
Iran, Britain, France and Germany will hold deputy foreign minister-level nuclear talks in Istanbul on Friday, officials said, amid warnings that failure to resume negotiations could trigger the reinstatement of UN sanctions on Tehran.
The U.S. government has imposed new restrictions on Mexican airlines and threatened to cancel the Delta-Aeromexico partnership over Mexico’s policy forcing flights to move from Mexico City’s main airport to a distant new one.
President Trump has reignited debate over U.S. sports team names, urging the Washington Commanders and Cleveland Guardians to return to their former identities and calling the current names "ridiculous."
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