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.
Factory activity across Asia declined in May, driven by subdued Chinese demand and escalating U.S. tariffs under President Trump. Japan and South Korea—both heavily reliant on trade—saw their manufacturing sectors contract again, with PMI readings below 50 for the 11th and fourth consecutive months, respectively.
China’s official data also showed shrinking activity for the second month. India’s factory growth slowed due to inflation and geopolitical tensions. Economists warn that reciprocal tariffs and cheap Chinese exports are putting deflationary pressure on the region.
Trump’s decision to double global tariffs on steel and aluminum and ongoing U.S.-China tensions continue to fuel uncertainty. Meanwhile, Vietnam, Indonesia, and Taiwan also reported contractions in manufacturing, and analysts see little hope for a near-term recovery.
Gaza ceasefire hopes dimmed as both Israeli Prime Minister Netanyahu and U.S. President Trump declared negotiations with Hamas had failed. Their remar...
Foreign ministers of Azerbaijan and Türkiye held a phone conversation on 25 July to discuss their strategic alliance, regional security, and the Azer...
On July 25, Azerbaijan’s Foreign Minister Jeyhun Bayramov met with outgoing Slovak Ambassador Milan Lajcak to review bilateral cooperation and regio...
China says it addressed EU concerns over trade imbalances, climate and Ukraine during the China-EU Summit in Beijing, insisting its new energy exports...
The Embassy of the Republic of Sudan in Baku has issued a statement to commemorate the 33rd anniversary of the establishment of diplomatic relations b...
Gaza ceasefire hopes dimmed as both Israeli Prime Minister Netanyahu and U.S. President Trump declared negotiations with Hamas had failed. Their remarks came during escalating violence and growing hunger in the war-torn enclave.
Foreign ministers of Azerbaijan and Türkiye held a phone conversation on 25 July to discuss their strategic alliance, regional security, and the Azerbaijan-Armenia peace process.
On July 25, Azerbaijan’s Foreign Minister Jeyhun Bayramov met with outgoing Slovak Ambassador Milan Lajcak to review bilateral cooperation and regional developments as the envoy concludes his mission in Baku.
The Embassy of the Republic of Sudan in Baku has issued a statement to commemorate the 33rd anniversary of the establishment of diplomatic relations between Sudan and Azerbaijan, celebrated on 25 July 2025.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
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.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
The Central Bank of Azerbaijan has reduced the refinancing rate from 7.25% to 7%, the interest rate corridor floor from 6.25% to 6%, and the ceiling from 8.25% to 8%.
Inflation is when prices rise, reducing the purchasing power of your money. When it happens slowly, it’s manageable. But when it surges, it can disrupt savings, wages, business planning, and economic growth. That’s when central banks step in.
Spy cockroaches, tank-like AI robots, and battlefield drones are at the heart of Germany’s ambitious plan to reinvent warfare, as Europe ramps up defence spending in response to Russia’s invasion of Ukraine.
Shares have surged in the automobile industry after the U.S. agreed a deal to lower tariffs this week with Japan, triggering a sharp rally in Japanese equity markets. It's after President Donald Trump and Japan's lead negotiator Ryosei Akazawa made the agreement on Tuesday (22 July).
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