Azernews.Az

Tuesday January 27 2026
China tests global appetite for yuan-based commodity trading [ANALYSIS]

China tests global appetite for yuan-based commodity trading [ANALYSIS]

China’s decision to open 14 futures and options products—including nickel and lithium carbonate—to foreign investors marks one of its most significant steps toward strengthening its role in global commodity markets. While officially presented as financial market liberalization, the move carries deeper geo-economic and strategic ambitions. For decades, China has been the world’s largest consumer of raw materials, yet it has remained on the sidelines when it comes to setting global prices. Despite driving demand for metals, energy, and agricultural products, the benchmarks that determine costs are largely controlled by Western financial hubs such as the London Metal Exchange (LME), New York Mercantile Exchange, and Singapore’s commodity markets. This imbalance has left Beijing exposed to price volatility and dependent on external mechanisms, a situation that has long frustrated policymakers in the Chinese capital.

Azerbaijan posts strong foreign trade surplus in 2025 amid export diversification drive

Azerbaijan posts strong foreign trade surplus in 2025 amid export diversification drive

Azerbaijan maintained a positive foreign trade balance in 2025, supported by rising non-oil exports and controlled import growth, according to official data, Azernews reports. As part of purposeful measures to diversify the economy and exports, Azerbaijan’s non-oil and gas commodity exports increased by...

Humanitarian worker injured in landmine explosion in Ağdərə’s Qızıloba village

Humanitarian worker injured in landmine explosion in Ağdərə’s Qızıloba village

A landmine explosion occurred in the Qızıloba village area of Ağdərə district, recently liberated from occupation, resulting in injury to a humanitarian worker, Azernews reports, citing the Azerbaijan National Agency for Mine Action (ANAMA).

US raises tariffs on some South Korean goods

US raises tariffs on some South Korean goods

The United States has decided to raise tariffs on certain goods imported from South Korea, increasing duties from 15% to 25%, Azernews reports.

Old carpets turn into vibrant art pieces in Ganja [PHOTOS]

Old carpets turn into vibrant art pieces in Ganja [PHOTOS]

Within Arts Council Azerbaijan, art project "Second Life" (İkinci Həyat), a creative workshop and exhibition, has been held in Ganja, transforming the city's urban space into an open-air art venue, Azernews reports.

bp's contributes to promotion of nonconformist movement in Azerbaijan's fine arts [PHOTOS]

bp's contributes to promotion of nonconformist movement in Azerbaijan's fine arts [PHOTOS]

bp, on behalf of its partners in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz and South Caucasus Pipeline projects - SOCAR, TPAO, LUKOIL, SGC, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM and TotalEnergies, has announced the successful completion of an important social project aimed at supporting the promotion of the non-conformist movement in Azerbaijani fine arts that emerged in the 1960s, Azernews reports.

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