Economics: Latest and Breaking News from Azerbaijan and the World

Economics

China’s Geely targets Japanese dominance with new hybrid tech

China’s Geely Auto has launched its i-HEV Intelligent Hybrid system, aiming to challenge the dominance of Japanese automakers in the conventional hybrid vehicle segment by improving fuel efficiency and intelligent driving capabilities.

15 Apr 2026-10:45
Oil fluctuates as US-Iran talks and Hormuz blockade weigh

Oil prices fluctuated as traders assessed developments surrounding efforts to organize a second round of peace talks between the United States and Iran, alongside an intensified blockade affecting crude flows through the Strait of Hormuz.

15 Apr 2026-10:34
Meta ramps up AI push with expanded Broadcom agreement

Meta Platforms (META) will work with chip designer Broadcom (AVGO) to produce several generations of custom artificial intelligence processors under an expanded agreement, as the social media company accelerates efforts to expand computing capacity for AI features across its platforms.

15 Apr 2026-10:15
South Korea's auto exports surge on EV demand

South Korea’s automotive exports grew in single digits last month, driven by robust demand for eco-friendly vehicles, government data showed on Wednesday.

15 Apr 2026-10:05
WhatsApp Web update: What to know about new themes

WhatsApp is reportedly preparing an upgrade to its web interface that will introduce new theme options, bringing the web version closer to feature parity with its mobile apps in terms of customisation.

14 Apr 2026-16:40
Citi profit jumps 42% as trading boom lifts earnings

Citigroup reported a 42% jump in first-quarter profit, driven by heightened market volatility that boosted trading activity and strong performance in investment banking.

14 Apr 2026-16:32
IEA sees major oil demand decline in 2026 outlook

Global oil demand is projected to decline by 80,000 barrels per day (80 kb/d) on average in 2026, reversing earlier expectations of 730 kb/d growth, as the Iran conflict disrupts global energy markets, the International Energy Agency (IEA) said on Tuesday.

14 Apr 2026-16:21
Lufthansa strike grounds hundreds of flights for second day

A pilots’ strike at Lufthansa entered its second day on Tuesday, forcing the cancellation of hundreds of flights at its main hubs in Frankfurt and Munich and disrupting travel plans for thousands of passengers.

14 Apr 2026-14:59
J&J earnings beat forecast as drug sales surge

Johnson & Johnson reported first-quarter results on Tuesday that exceeded Wall Street expectations and raised its full-year forecast, driven by strong demand for key treatments including Darzalex and Tremfya, which helped offset a sharp decline in sales of its blockbuster autoimmune drug Stelara.

14 Apr 2026-14:32
Dow, S&P 500 futures jump on Iran deal optimism

US stock futures edged higher on Tuesday, while oil prices declined after President Donald Trump signaled openness to further talks with Iran, boosting hopes for a longer-term truce.

14 Apr 2026-14:08