Oil prices drop as Israel-Iran ceasefire eases tensions ahead of OPEC+ meeting
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire be...
Azerbaijan and Kazakhstan have signed an agreement to design and build the Trans-Caspian Fiber Optic Cable Line, which will connect the two countries as part of the Digital Silk Way project.
The document was signed by Emil Masimov, Chairman of the Board of AzerTelecom, and Bagdat Musin, Chairman of the Board of Kazakhtelecom, in attendance of the Prime Ministers of Azerbaijan and Kazakhstan, Ali Asadov and Olzhas Bektenov.
The Trans-Caspian Cable Project, strategically important for the region, involves the construction of a 380 km backbone fiber-optic cable between Sumgait (Azerbaijan) and Aktau (Kazakhstan) along the seabed of the Caspian Sea. This will enable high-capacity data transmission, supporting speeds of up to 400 terabits per second.
The construction will be executed in multiple phases, starting with the assessment of coastal areas and the seabed, followed by the design and production of durable, high-quality cables, and their subsequent transportation and installation.
AzerTelecom and Kazakhtelecom plan to complete the project by the end of 2026.
The interstate agreement “On organization of activities by communication operators of Azerbaijan and Kazakhstan in relation to the joint construction, ownership and operation of fiber optic transmission lines along the bottom of the Caspian Sea on Azerbaijan-Kazakhstan route” was signed between Azerbaijan and Kazakhstan on March 19, 2019.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The U.S. bombing of Iran's key Fordow nuclear site has "seriously and heavily damaged" the facility, Iranian Foreign Minister Abbas Araqchi said in an interview with CBS News.
China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union, United Kingdom, South Korea, and Indonesia for an additional five years starting Tuesday, 1 July.
U.S. President Donald Trump has said he is not confident about reaching a trade agreement with Japan, warning that talks are unlikely to succeed before the 9 July deadline.
A court in Baku has ordered four months of pre-trial detention for all eight Russian citizens accused of trafficking drugs from Iran.
Israeli forces intercepted a missile launched from Yemen on Monday, prompting temporary airspace closures and sirens across several regions, according to the IDF and local media.
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