Economics: Latest and Breaking News from Azerbaijan and the World

Economics

Nasdaq jumps as oil retreats on Middle East optimism

U.S. equities rallied sharply on Tuesday, with investors responding to renewed optimism that tensions in the Middle East may begin to ease.

31 Mar 2026-23:02
$2B investment: Nvidia and Marvell forge AI partnership

31 Mar 2026-16:27
Eli Lilly set to acquire Centessa Pharma in $6.3B deal

31 Mar 2026-16:16
Employees stunned as Oracle announces major global job cuts

Oracle has begun laying off employees across its global offices, with staff in the U.S., India, and other regions receiving termination emails as early as 6 a.m. EST on Tuesday.

31 Mar 2026-15:58
Apellis shares surge as Biogen announces $5.6B acquisition

Biogen has agreed to acquire Apellis Pharmaceuticals for approximately $5.6 billion in cash, expanding its portfolio of rare-disease treatments, the companies announced Tuesday.

31 Mar 2026-15:50
Eurozone inflation surges amid energy price hike

Inflation across the eurozone accelerated to 2.5 percent year-on-year in March, up from 1.9 percent in February, driven by rising energy costs linked to the ongoing Middle East war.

31 Mar 2026-15:41
US gas prices reach $4 per gallon for first time since 2022

Average gas prices in the United States surpassed $4 per gallon on Tuesday, the highest level since 2022, according to AAA.

31 Mar 2026-13:55
EU energy alert: Prolonged market disruptions expected

EU Energy Commissioner Dan Jorgensen has warned European governments to prepare for “prolonged disruption” to energy markets due to the ongoing war.

31 Mar 2026-13:21
Dubai, Abu Dhabi markets drop $120bn

Stock markets in Dubai and Abu Dhabi have lost around $120 billion in value since the start of the US-Israel military escalation involving Iran, placing the Gulf financial hubs among the hardest-hit markets globally.

31 Mar 2026-12:55
Nebius expands European presence with AI data center in Finland

AI infrastructure firm Nebius Group announced Tuesday that it is continuing its rapid European expansion with a 310-megawatt data center in Finland, projected to be one of the continent’s largest and valued at over $10 billion, amid growing demand for AI computing.

31 Mar 2026-11:59