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Bulgaria will adopt the euro on Jan. 1, retiring the lev and joining the eurozone as its 21st member in a move that promises deeper integration with the European Union and a seat at the European Central Bank’s rate-setting table. The long-awaited shift, two years after Croatia’s entry, will extend the common currency to more than 350 million people. Authorities say Bulgaria met the formal entry criteria this year, including targets on inflation, budget deficit, long-term borrowing costs and exchange-rate stability. The…

China launches live-fire drills around Taiwan after U.S. arms sale, warns against “external” interference China has begun live-fire military exercises around Taiwan, hours after announcing “major” joint drills in surrounding waters and airspace, as Beijing steps up pressure on the self-governed island and warns foreign backers to stay out. The People’s Liberation Army said it is deploying destroyers, frigates, fighters, bombers and unmanned aerial vehicles for exercises that include live-fire training on maritime targets to…

Trump says Ukraine peace talks ‘very close’ as Donbas remains sticking point MAR-A-LAGO, Fla. — President Donald Trump said he and Ukrainian President Volodymyr Zelensky are “getting a lot closer, maybe very close” to a framework to end the war in Ukraine, while acknowledging the fate of the disputed Donbas region remains a key unresolved issue. Speaking at a joint news conference after talks at Trump’s Mar-a-Lago resort, both leaders reported progress on two of the most contentious items in negotiations — long-term security…

North Korea test-fired two “strategic” long-range cruise missiles into the sea, state media said, in a drill overseen by leader Kim Jong Un that he framed as part of an “unlimited and sustained” expansion of the country’s nuclear forces. The launches took place over the Yellow Sea and mark the first reported test of long-range cruise missiles since early November, according to the Korean Central News Agency (KCNA). Cruise missiles labeled “strategic” by Pyongyang are typically understood by analysts to be designed to carry…

Bulgaria will adopt the euro on Thursday, becoming the 21st member of the currency union in a move supporters say will anchor the economy and deepen ties to the West — even as a skeptical public fears higher prices and fresh instability. The shift ends more than two decades of operating under a strict currency board, in which the lev was first pegged to the German mark and later to the euro after the single currency’s rollout in 2002. Joining now gives Sofia a seat at the table where monetary policy decisions are made, a…

Trump and Zelenskiy say they are closing in on a peace agreement to end the war in Ukraine, with security guarantees nearly settled but the fate of the Donbas region still unresolved after talks at Mar-a-Lago in Florida. At a joint news conference, the U.S. president said the two sides were “getting a lot closer, maybe very close,” while acknowledging that Donbas remains a “very tough issue.” Both leaders offered few specifics and set no deadline, though Trump said it should be clear “in a few weeks” whether negotiations…

Somalia condemns Israel’s recognition of Somaliland as regional “threat” Somali President Hassan Sheikh Mohamud denounced Israel’s decision to recognize Somaliland, calling it “a threat to the security and stability of the world and the region” in an emergency parliamentary session that underscored rising tensions in the Horn of Africa. Israeli Prime Minister Benjamin Netanyahu announced Friday that Israel would become the first country to recognize Somaliland, the self-proclaimed republic that has sought international…

Trump to meet with Zelensky at Mar-a-Lago Former President Donald Trump is set to meet Ukrainian President Volodymyr Zelensky at Mar-a-Lago, the oceanfront club and residence in Palm Beach, Florida. Details on the timing, agenda and format of the conversation were not immediately available. The planned Trump–Zelensky meeting comes as the war in Ukraine grinds on and Kyiv continues to press international partners for air defenses, long-range strike capabilities and sustained financing. Any interaction between the former U.S.…

Skiers ascend Mount Etna as eruption continues and Italy raises alert level to yellow Ski mountaineers took advantage of the Christmas holiday period to climb and carve down the snow-covered slopes of Mount Etna even as Italy’s most active volcano continued to erupt, drawing onlookers eager to witness thick ash clouds against clear winter skies. Italy’s Department of Civil Protection has raised the alert level for Etna from green to yellow, citing the potential for a rapid escalation in volcanic activity. The shift in status…

Low turnout marks junta-run election in Myanmar as critics call vote not credible Voters in Myanmar appeared to cast ballots in low numbers in the first phase of a military-organized general election, the country’s first since the 2021 coup toppled the elected civilian government led by Aung San Suu Kyi. The ruling junta, which crushed nationwide pro-democracy protests after seizing power and now faces an entrenched armed rebellion, says the three-stage vote is a path to stability and a restored civilian-led system. But the…