Economics: Latest and Breaking News from Azerbaijan and the World

Economics

India seeks to buy LNG from Azerbaijan

India is seeking to purchase liquefied natural gas (LNG) from Azerbaijan, said head of the LNG division of India’s Bharat Petroleum during an interview with The Hindu newspaper on the sidelines of India Energy Week held in Goa.

08 Feb 2026-15:41
Tesla ramps up hiring as Musk targets 100GW US solar production

Tesla is hiring to support founder Elon Musk’s newly announced plan to make the company the largest U.S. manufacturer of solar energy components, according to online posts by senior executives.

07 Feb 2026-13:48
Global chip market on track for $1 trillion in annual sales

Global semiconductor sales are expected to reach $1 trillion this year, according to the Semiconductor Industry Association.

07 Feb 2026-11:55
BP rejects national oil labor deal, union warns of strike

Energy giant BP is facing growing labor tensions after a major union said the company does not plan to follow a national oil industry bargaining agreement, raising the possibility of a strike at one of the largest refineries in the United States.

07 Feb 2026-11:32
Crypto exchange mistakenly sends $44bn worth of bitcoin to users

South Korean cryptocurrency exchange Bithumb said on Saturday it mistakenly distributed more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the platform.

07 Feb 2026-10:31
Musk’s Las Vegas tunnel project draws safety, environmental scrutiny

Elon Musk’s underground tunnel system in Las Vegas is facing renewed scrutiny as Nevada lawmakers raise concerns about workplace safety and environmental compliance tied to the project.

07 Feb 2026-09:58
ECB flags big tech risk in digital euro delays

The European Central Bank (ECB) on Friday urged the European Union to move quickly on adopting a digital euro, warning that further delays could leave Europe increasingly dependent on foreign “big tech” payment providers.

06 Feb 2026-17:09
German exports to US slide as tariffs hit trade hard

German exports to the US fell sharply in 2025 amid President Donald Trump’s wave of tariffs, pushing Germany’s trade surplus with its most important non-European market down to a four-year low, official data showed Friday.

06 Feb 2026-16:49
Tesla explores new US locations to boost solar cells

Tesla is evaluating multiple locations across the United States to begin manufacturing solar cells, signaling a concrete push behind Elon Musk’s ambition to scale solar output to 100 gigawatts annually, according to people familiar with the matter.

06 Feb 2026-16:37
Amazon, Google, and Microsoft lose hundreds of billions

Shares of major US technology companies fell sharply after announcements of significantly expanded investment plans in artificial intelligence, with investors increasingly concerned about the scale and timing of returns from these expenditures.

06 Feb 2026-15:59