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....
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.
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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