Volkswagen cuts 2025 forecast after U.S. tariffs slash €1.3 bn from earnings
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recove...
Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Deliveries are set to begin this year and will gradually increase to 15 terawatt-hours (TWh) annually — roughly 1.5 billion cubic metres of gas.
The agreement will support production and infrastructure investments, including gas compressors, and aims to expand pipeline capacity to Europe. Both sides say the deal will help improve energy security and diversify supply across the continent.
SEFE CEO Egbert Laege called the deal a “new route for significant gas volumes to reach Europe,” strengthening ties between Germany and Azerbaijan and reinforcing supply security.
SOCAR President Rovshan Najaf described the agreement as a “milestone” in Azerbaijan’s efforts to support European energy needs. He said SOCAR is committed to stable supplies and further investment in infrastructure.
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.
Hawaii turns to lab-grown mosquitoes and drones in a race to stop the extinction of its iconic honeycreeper birds.
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.
A Kazakh military helicopter carrying three crew members vanished from radar during a scheduled flight over the Almaty Region on Friday, according to the country's defence ministry.
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