Germany, UK to sign mutual assistance defence pact, reports Politico
Germany and the United Kingdom are set to sign a defence treaty on 17 July that includes a mutual assistance clause, according to Politico....
Azerbaijani PM Ali Asadov highlighted the country’s strong economic growth and investment potential at the 4th Tashkent International Investment Forum.
During his official visit to Uzbekistan, Prime Minister Ali Asadov took part in the 4th Tashkent International Investment Forum (TIIF), where he highlighted Azerbaijan’s stable economy and investor-friendly reforms. With 2024 GDP growth at 4.1%, and a 6.2% surge in the non-oil sector, Asadov noted that Azerbaijan's foreign debt remains under 7% of GDP, while financial reserves are 14 times higher than debt. He pointed to reforms that improve investor protection, tax incentives, and administrative simplification.
Asadov also presented the country’s industrial parks and the Alat Free Economic Zone as key opportunities for investors. Over the past 20 years, Azerbaijan has attracted $338 billion in investments—half from foreign sources. He discussed reconstruction efforts in liberated territories, emphasizing their economic potential, and thanked Uzbekistan and Kazakhstan for their cultural contributions in Fuzuli.
The Azerbaijani PM also underscored collaboration in green energy, particularly through the Azerbaijan-Uzbekistan Investment Fund and the development of a green energy corridor via the Black Sea. He expressed optimism that TIIF would remain a key platform for advancing regional investment cooperation.
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).
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Moscow and Baku are engaged in ongoing discussions on mutual concerns, with Russian Investigative Committee head Alexander Bastrykin and Azerbaijan's Prosecutor General Kamran Aliyev in direct contact, the Kremlin confirmed.
President Kassym-Jomart Tokayev chaired a regular meeting of the Kazakh Security Council today in Astana. The agenda included migration issues, geopolitical factors, and emerging threats.
Leaders of the Economic Cooperation Organization country-members will gather for the 17th summit hosted on 3rd and 4th July in Khankendi, Azerbaijan.
On Monday, an Uzbekistan delegation led by Laziz Kudratov, Minister of Investment, Industry and Trade, met with Mikayil Jabbarov, Azerbaijan’s Economy Minister, which resulted in the signing of agreements between leading companies from both countries.
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.
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