AzerNews - News from Azerbaijan, Business, Energy, Analysis

Japan’s weak economy complicates end of its cheap money era

Japan’s latest economic figures may look modest compared with the much larger concerns facing the global economy, but they deserve considerably more attention. Japan is not in recession: real GDP grew at an annualized rate of 1.1% in the second quarter of 2026, or 0.3% from the previous quarter. Yet the expansion was significantly weaker than the 2% annualized growth expected by economists. Private consumption weakened, capital investment fell 1.2%, while external demand provided support.

Nation

Azerbaijan’s non-oil revenues become key story behind its budget surplus

Azerbaijan's January-July budget data, released Monday, shows revenues exceeding forecast by 3.8% and a state surplus of 3.4 billion manats. The headline number is the oil price windfall. The more durable story is the 11.8% growth in non-oil tax collections that is slowly making the headline number less important.

Oil & Gas

Azeri Light oil price falls to $91.31 per barrel in Augusta

The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port on a CIF basis fell by $1.24, or 1.34%, from the previous level to $91.31 per barrel, AzerNEWS reports.

Business

Precious metals prices weaken as gold and silver lose value

Gold and silver prices declined on the New York COMEX commodities exchange, reflecting a drop in precious metal values. The price of gold fell by...

Armenian-Azerbaijani Relations

Pashinyan's reshuffle reveals leader preparing for tough years ahead

Nikol Pashinyan has begun his fourth term with a cabinet barely changed on the surface and substantially reorganised underneath it. The pattern of his appointments tells you more about the challenges ahead than the portfolio continuity does.

World

Moscow hit by large-scale drone attack

Hundreds of drones were reported to have targeted Moscow overnight, with Russian authorities saying 620 unmanned aerial vehicles were flying toward the capital.