AzerNews - News from Azerbaijan, Business, Energy, Analysis

Global food prices rise as import-dependent countries face growing risks

Global food prices have surged to a four-year peak, driven by significant logistics disruptions and adverse weather conditions that have heightened concerns over food supply chains. According to the United Nations Food and Agriculture Organization (FAO), September witnessed a notable rise in food prices, marking the highest levels since late 2022.

Nation

Cambodian Prime Minister Hun Manet arrives in Azerbaijan on official visit [PHOTOS]

Cambodian Prime Minister Hun Manet has arrived in Azerbaijan on an official visit.

Oil & Gas

Wood Mackenzie: Azerbaijan gains strategic advantage through energy export infrastructure

Azerbaijan has gained a strategic advantage through investments in critical oil and gas infrastructure that enables energy exports from the Caspian Sea to international markets, according to an analytical review by Wood Mackenzie.

Business

Netflix plans to lay off around 5% of its workforce

The streaming giant's last major round of layoffs took place in 2022, when the company dismissed hundreds of employees amid slowing growth and a decline in subscriber numbers.

Armenian-Azerbaijani Relations

Hadrut’s liberation: strategic turning point in Azerbaijan’s 44-Day war

October 9 holds a special place in Azerbaijan’s modern history as the anniversary of Hadrut’s liberation during the 44-day Patriotic War of 2020. Located in the Khojavand district of Karabakh, Hadrut occupied a strategically important position because of its mountainous terrain, surrounding heights and connections with neighboring areas. Its liberation strengthened Azerbaijan’s military position in the southern part of the battlefield and created favorable conditions for subsequent operations toward Shusha.

World

Russian diesel imports could benefit American consumers, Bessent says

US Treasury Secretary Scott Bessent said an agreement between Russian President Vladimir Putin and US President Donald Trump on Russian diesel fuel supplies would benefit American consumers, Reuters reported.