Economics: Latest and Breaking News from Azerbaijan and the World

Economics

Azerbaijan plans to increase gas supplies to Serbia to 1 billion cubic meters per year

Starting from 2026, Azerbaijan plans to increase gas supplies to Serbia to 1 billion cubic meters per year, Deputy Minister of Energy of Azerbaijan Orkhan Zeynalov said in an interview with the Serbian weekly NIN.

14 Feb 2026-21:14
US authorizes licenses for Venezuela's oil and gas sectors

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday issued two new general licenses aimed at enabling transactions within Venezuela’s energy sector.

14 Feb 2026-12:11
Apple tests new flip-style foldable iPhone

Apple is reportedly experimenting with a new type of foldable iPhone featuring a flip-style form factor, according to a well-known Asia-based leaker.

14 Feb 2026-11:47
Dubai's DP World replaces chairman over Epstein links

The head of one of the world’s largest port operators has been replaced following revelations about his ties to convicted sex offender Jeffrey Epstein.

13 Feb 2026-17:20
Citi’s former Russian unit to rebrand as RenCap Bank

The former Russian unit of Citigroup has announced plans to change its name to RenCap Bank as part of its planned sale to Renaissance Capital.

13 Feb 2026-17:10
Apollo, Blackstone reassure investors as AI fears hit stocks

Executives at major private capital firms are attempting to calm investors as a sell-off in software stocks, driven by fears about artificial intelligence disruption, drags down their own share prices.

13 Feb 2026-15:46
Applied Materials soars on strong AI outlook

Shares of Applied Materials (AMAT) surged 11.7% in premarket trading on Friday after the company forecast second-quarter revenue and profit above Wall Street expectations, reinforcing investor confidence that booming artificial intelligence demand and tightening memory supply will continue to fuel orders for its chipmaking equipment.

13 Feb 2026-15:41
Tokyo stocks retreat as investors lock in gains

Tokyo stocks closed lower on Friday as investors moved to secure profits following strong gains recorded after Japan’s general election last weekend.

13 Feb 2026-15:17
ByteDance moves to sell gaming unit Moonton

China’s tech giant ByteDance is in advanced negotiations to sell Shanghai Moonton Technology, the studio behind the hit mobile game Mobile Legends: Bang Bang, to Savvy Games Group in a deal valued between $6 billion and $7 billion, according to sources familiar with the matter.

13 Feb 2026-14:56
Europe, Asia attract equity inflows as US sees outflow

European and Asian equity funds posted strong inflows in the week ended February 11, while U.S. equity funds recorded net outflows, as investors pared back exposure to mega-cap American stocks amid valuation concerns and rising AI-related spending.

13 Feb 2026-12:45