Switzerland has emerged as a key destination for Azerbaijani non-oil goods, with imports tripling in the first four months of 2025.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
U.S. stocks pushed higher on Monday, closing in on record levels after a volatile start to the day. Despite weak manufacturing data and renewed trade tensions between the U.S. and China, investor optimism held strong, with major indexes recovering thanks to tech gains and a surge in oil prices.
The Food and Agriculture Organization of the United Nations (FAO) has warned that, without immediate and sustained support, thousands of rural households in Ukraine may be unable to plant or harvest on schedule—threatening both national food security and rural livelihoods.
Tesla’s new car registrations in Norway jumped by 213% year-on-year in May, reaching 2,600 vehicles, boosted by strong demand for the revamped Model Y SUV.
Switzerland’s economy outperformed expectations in Q1 2025, driven by a surge in exports to the United States and strong growth in the chemical and pharmaceutical sectors.
Asia’s manufacturing sector shrank in May as weak demand from China and rising U.S. tariffs hit exports and clouded the region’s economic outlook.
Germany’s economy may see growth in 2026, but only if the new coalition’s massive investment plan is effectively implemented, experts say.
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has invested $50 million in ADNOC Gas Pipeline Assets LLC (AGPA), a subsidiary of the Abu Dhabi National Oil Company (ADNOC), which manages the gas pipeline network in the United Arab Emirates.
Ford Motor Company is recalling more than 1 million vehicles across multiple models due to a software glitch that could cause the rearview camera to malfunction, increasing the risk of an accident.
China’s development centered on digital resources is gaining momentum under a new three-year plan aimed at boosting information use to support economic and social growth.
The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st country to join the single currency area.
OPEC+ is turning up the heat on U.S. shale producers in a renewed bid to reclaim market share, but early signs of slowdown suggest it will take more sustained pressure to truly shift the global oil balance.
Tesla's sales in Europe plunged 49% in April, even as electric car demand surged, signaling growing trouble for the U.S. EV giant in a competitive and shifting market.
The bank's latest trading update has helped reassure analysts at Morgan Stanley, despite a disappointing first-half result in February.
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