G7 Foreign Ministers urge Iran to fully cooperate with the IAEA
The G7 Foreign Ministers urge Iran to promptly resume full cooperation with the International Atomic Energy Agency (IAEA), in accordance with its safe...
Azerbaijan boosts post-war reconstruction with AZN 4 billion for 2025. Key projects in Karabakh and Eastern Zangezur include infrastructure, energy, housing, and agriculture, supporting economic growth and the return of IDPs to liberated territories.
The Azerbaijani government has increased funding for post-war reconstruction and restoration in Karabakh and Eastern Zangezur, allocating AZN 4 billion (USD 2.35 billion) in the 2025 state budget, according to Caspian News.
Azer Amiraslanov, Chair of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship, stated this investment aims to foster economic growth, diversify the economy, and boost employment.
Since liberation of the regions in 2020, Baku has spent AZN 17.5 billion (USD 10.3 billion) on reconstruction. Over 8,000 former internally displaced persons (IDPs) have returned, supported by significant government initiatives.
Reconstruction efforts include extensive mine clearance across 161,000 hectares and key infrastructure projects, such as airports in Fuzuli, Zangilan, and Lachin; strategic roads like the Victory Road and Zangezur Corridor; and railway lines including Horadiz-Aghband. Energy projects involve new power stations, solar and wind developments, and gas pipelines. Water infrastructure includes repairing reservoirs and constructing pipelines.
In the social sector, developments include the “Smart Village” in Zangilan, housing for IDPs, schools, hospitals, and socio-economic facilities. Modern agro-parks, industrial parks in Aghdam and Jabrayil, and improved internet connectivity support economic growth.
Damage from Armenian occupation is estimated at USD 819 billion, with USD 265 billion attributed to environmental harm, underscoring the scale of the reconstruction challenge.
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.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the limited impact of recent government support measures, a private survey showed on Tuesday.
China’s manufacturing sector expanded in June for the first time in three months, according to a private-sector survey released Tuesday, signaling a modest recovery in domestic demand even as export pressures persist.
The G7 Foreign Ministers urge Iran to promptly resume full cooperation with the International Atomic Energy Agency (IAEA), in accordance with its safeguards obligations, and to provide the IAEA with verifiable information on all nuclear material in Iran, including granting access to IAEA inspectors.
Factory activity across much of Asia remained subdued in June as the uncertainty surrounding U.S. trade policy weighed heavily on manufacturing sentiment, even as some economies reported slight improvements in output.
The Communist Party of China (CPC) has surpassed a 100 million members, marking a "significant milestone" ahead of its 104th founding anniversary, the party announced on Monday.
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