Bulgaria and Romania have not proved that they fulfill the economic requirements necessary to become members of the eurozone, writes the FT referring to the European Commission (EC) and the European Central Bank (ECB). These nations' inflation rates are too high in comparison to the rest of the union, according to the ECB and the EC. The organizations also mentioned the continued issues with...

According to Charles Michel, the head of the European Council, the leaders of the European Union (EU) have decided on candidates for leadership roles inside the EU. Specifically, the nomination for a second term as the chair of the European Commission went to Ursula von der Leyen. Furthermore, Kaja Kallas, the prime minister of Estonia, received a nomination for the position of EU High...

The social networking platform said that the founder of WikiLeaks has been freed from a UK prison. "Julian Assange is at liberty. He spent 1901 days in the maximum-security Belmarsh prison before leaving on June 24 in the morning, according to a statement from the WikiLeaks company. It is reported that Assange was granted bail by the London High Court. "In the afternoon he was released at...

Efforts to lower high temperatures in California, a state in the western United States, may unintentionally intensify periods of unusual heat in Europe. American scientists made this claim in a study that was published in the journal Nature Climate Change. According to Jessica Wang, one of the study's authors, "Our study shows that marine cloud brightening can be very effective for the west...

Over a thousand individuals have lost their lives during the Hajj as a result of the extreme heat in Mecca, The Independent writes. "More than a thousand people have died during the hajj in Saudi Arabia, with temperatures in Mecca peaking at 51.8 degrees Celsius in recent days," the newspaper notes. The precise number of those who perished during the pilgrimage has not yet been disclosed by the...

Global energy consumption, from hydrocarbon and renewable sources combined, hit a record high at the end of the previous year, according to information from the international Energy Institute (EI). Global primary energy consumption reached 620 exajoules (eJ) in 2023, a new record and an increase of 2% over the previous year. In 2022, hydrocarbon energy consumption also hit a record high, up 1.5%...

The GDP of the eurozone increased by 0.3% in the first quarter of 2024 over the preceding three months, writes the European Union's statistical agency (Eurostat) in its report. The economy of the eurozone expanded by 0.4% annually. Both indicators' behaviors matched the initial data and the predictions of specialists surveyed by Trading Economics. The eurozone GDP's quarterly dynamics were at...

A new phase in the development of the EU hydrogen market was revealed by the European Commission on Monday. The work on a pilot mechanism has begun as part of the recently adopted package on decarbonized gases and hydrogen. "Hydrogen is a key component of the EU's shift to renewable energy. Meeting our zero emissions targets is essential, but so is continuing to be competitive and keeping Europe...

Canada's watchdog reported that the country's economy expanded by 1.7% in the first quarter, the greatest annualized rate in a year. Analysts polled by Trading Economics predicted a far bigger increase of 2.2%. In comparison to 2023's fourth quarter, the GDP of Canada increased by 0.4%. The updated figures show that the Canadian economy grew by 0.1% annually and was flat on a quarterly basis...