Khankendi to host 17th ECO summit
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing r...
Italy’s President Sergio Mattarella expressed confidence on Monday that the European Union (EU) has the strength to effectively respond to potential U.S. tariffs.
“We have to be calm without feeding excessive concerns, because the EU has the strength to calmly, authoritatively intervene to counter an unjustified decision such as the imposition of tariffs,” Mattarella said. He added that while the EU should respond with determination, it should also act with measured authority.
Mattarella also highlighted the need for reforms within the EU, particularly in its decision-making processes, to better address both current and future challenges. “Swift and timely responses are needed. Europe needs to update itself,” he stated, underlining the importance of evolving to meet new global dynamics.
The Italian president's remarks come amid rising trade tensions and the threat of tariffs, underscoring the EU's commitment to protecting its economic interests while seeking improvements in its internal governance.
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.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to a report by NBC News citing local officials.
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), held from 28 June to 3 July in Porto, Portugal.
Chinese scientists have unveiled PlantGPT, the first large language model-based artificial intelligence designed specifically for plant functional genomics.
UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called for an immediate and lasting ceasefire. He emphasised that vital infrastructure is on the verge of collapse due to a severe fuel shortage.
The US House of Representatives approved a significant tax-cut and spending bill on Thursday, passing it by a narrow margin of 218 to 214. The legislation has now been sent to President Donald Trump for his signature.
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