Economics: Latest and Breaking News from Azerbaijan and the World

Economics

Japan eyes record 120 trillion yen budget for 2026

Japan is considering an initial budget exceeding 120 trillion yen ($775 billion) for fiscal 2026, which would be the largest in the nation’s history. The plan reflects Prime Minister Sanae Takaichi’s push for aggressive fiscal spending to support an economy strained by persistent inflation.

16 Dec 2025-16:59
World’s top 10 richest hold over $2.5 trillion

The combined wealth of the world’s 10 richest businesspeople has surpassed $2.5 trillion as of Tuesday, with Elon Musk, founder of SpaceX and owner of Tesla, remaining the wealthiest at $638 billion.

16 Dec 2025-16:40
Kraft Heinz names Steve Cahillane as new CEO

Kraft Heinz has appointed industry veteran Steve Cahillane as its new chief executive officer, ahead of the company’s planned split into two publicly traded businesses, the company said on Tuesday.

16 Dec 2025-16:30
Alert: Apple’s iOS 26.2 is changing a key iPhone feature

Apple has released its latest iPhone software, iOS 26.2, unusually on a Friday. While early reports suggest the update is generally stable, some users have raised concerns about changes to automatic update settings.

16 Dec 2025-16:18
Azerbaijan accedes to new international space agreement

Azerbaijan has officially acceded to the “Agreement on the Rescue of Astronauts, the Return of Astronauts and the Return of Objects Launched into Outer Space.”

16 Dec 2025-15:50
Apple, Google release urgent fixes for zero-day vulnerabilities

Apple has joined Google in rolling out emergency security updates after critical zero-day vulnerabilities were discovered and actively exploited in the wild on devices and software used by millions of people worldwide.

16 Dec 2025-15:35
EU to expand carbon border levy to more goods

The European Union plans to widen its carbon border levy to include car parts, household appliances and other manufactured goods, as Brussels moves to close loopholes that could allow polluting imports to avoid climate costs.

16 Dec 2025-15:19
Azerbaijan, Israel review economic cooperation agenda

Azerbaijan’s Economy Minister Mikayil Jabbarov met with Zeev Elkin, Minister at the Israeli Finance Ministry, to discuss economic relations between the two countries.

16 Dec 2025-15:08
UAE net wealth hits record $3.12 trillion

The United Arab Emirates’ net wealth rose to a new record of $3.12 trillion in 2024, driven by strong growth in both financial and real assets that exceeded the pace of rising liabilities.

16 Dec 2025-14:55
Gold pauses after five-day rally ahead of US jobs data

Gold (GC=F) eased after a five-day rally, as investors awaited a series of US economic data this week that could indicate the Federal Reserve’s stance on further interest-rate cuts.

16 Dec 2025-13:26