The foreign ministers of the BRICS countries called for cooperation on food security, according to a joint statement published by the Indian Ministry of External Affairs following the meeting of the BRICS countries’ foreign ministers in Nizhny Novgorod.

The State Bank of Pakistan (SBP) on Monday announced a reduction in the key policy rate of 150 basis points (bps) to 20.5 percent with effect from Tuesday.

By Tural Heybatov

China wants to pay for the gas supplied through the Power of Siberia 2 pipeline at a price almost equivalent to domestic fuel prices in Russia, The Financial Times writes, citing its sources.

The Speaker of the National Assembly of Armenia Alen Simonyan has ordered to convene an extraordinary session of the parliament on June 17, News.az reports citing the legislative body’s website.

Editor's note: Amira Abdulhakim, Egyptian journalist, climate and environmental expert.

Oil prices climbed about 2% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S. Federal Reserve (Fed) will leave interest rates higher for longer.

Trade turnover between Albania and Azerbaijan from January through March 2024 increased four times compared to the same period in 2023, the statement of the Ministry of Energy of Azerbaijan said following the first meeting of the Intergovernmental Commission on Economic Cooperation between Azerbaijan and Albania in Baku on June 10, News.az reports.

Italian Prime Minister Giorgia Meloni's far-right party has strengthened its hand with a strong showing in the European Parliament elections ending Sunday night. However, Italy's main opposition party also gained ground.

The opening ceremony of the World Chovgan Championship organized by the Equestrian Federation of the Republic of Azerbaijan (ARAF) has been held in Baku.

Russia highly values relations with Ethiopia and expects that this country’s Prime Minister Abiy Ahmed will take part in the BRICS summit in Kazan in October, Russian Foreign Minister Sergey Lavrov said during a meeting with his Ethiopian counterpart, Taye Atskeselassie.