Economics: Latest and Breaking News from Azerbaijan and the World

Economics

Mileo Dominica plan extends Yasam Ayavefe Hotel brand

Yasam Ayavefe confirms plans for Mileo Dominica, extending the Mileo hotel concept beyond Mykonos and Dubai into a nature-first Caribbean market.

10 Feb 2026-17:14
Spotify hits 751 million users after record Q4 growth

Music streaming giant Spotify said on Tuesday that its monthly active users increased 11% in the fourth quarter to 751 million, while the number of premium paying subscribers climbed to 290 million.

10 Feb 2026-16:54
Dow, S&P 500 rally stalls ahead of key US data

U.S. stock futures struggled to extend gains on Tuesday following the Dow’s latest record close, as Wall Street’s return toward all-time highs slowed after last week’s technology-led sell-off.

10 Feb 2026-16:11
Russia moves to impose new fines on Telegram

The Telegram messaging platform is facing potential fines of up to 64 million roubles ($0.82 million) across eight upcoming court hearings in Russia.

10 Feb 2026-15:58
BP suspends share buybacks as debt pressures persist

BP Plc is halting share buybacks to strengthen its balance sheet as pressure builds on the British energy major to deliver on its turnaround strategy.

10 Feb 2026-14:42
Australia approves new oil, gas exploration in Queensland

The government of the Australian state of Queensland on Tuesday approved new oil and gas exploration in a region the industry says could become the country’s first major new oil province in decades.

10 Feb 2026-14:32
Cisco unveils AI networking chip to rival Nvidia, Broadcom

Cisco Systems on Tuesday unveiled a new artificial intelligence–focused networking chip and router, stepping up competition with Broadcom and Nvidia for a share of the rapidly expanding $600 billion AI infrastructure spending market.

10 Feb 2026-14:08
China chipmaker SMIC sees sharp Q4 profit surge

China’s largest contract chipmaker, Semiconductor Manufacturing International Corp, reported a 60.7% year-on-year increase in fourth-quarter profit on Tuesday.

10 Feb 2026-14:02
Discord to roll out global age verification for adult content

Discord will soon require users worldwide to verify their age—either through a face scan or by uploading identification—if they want to access adult content on the platform.

10 Feb 2026-13:51
BMW fire risk: 90,000 vehicles recalled

BMW is recalling nearly 90,000 vehicles, including one Toyota model, because of an engine starter defect that could overheat and cause a fire, according to the National Highway Traffic Safety Administration.

10 Feb 2026-12:53