Economics: Latest and Breaking News from Azerbaijan and the World

Economics

IEA unveils biggest oil reserve release ever

The International Energy Agency has agreed to release 400 million barrels of oil from its members’ strategic reserves in an effort to ease soaring global energy prices during the conflict involving the United States and Israel with Iran.

12 Mar 2026-12:29
Dow, S&P 500, Nasdaq futures slide as oil surge rattles markets

U.S. stock futures declined early Thursday as investors reacted to rising oil prices and another mostly negative trading day on Dow Jones Industrial Average and other major indexes.

12 Mar 2026-11:59
Pokémon Pokopia sales lift Nintendo Switch 2 sentiment

Nintendo said on Thursday that more than 2.2 million copies of Pokemon Pokopia have been sold in the four days since its launch, helping ease concerns about sales momentum for the Nintendo Switch 2.

12 Mar 2026-10:47
Oil tops $100 again as Iran war rattles global supply

Global oil prices surged past $100 per barrel again overnight as the ongoing conflict involving the United States and Israel with Iran continues to disrupt energy markets and fuel supply routes.

12 Mar 2026-10:32
Anthropic seeks court order against Pentagon blacklist

Anthropic has asked a U.S. appeals court to suspend the Pentagon’s designation of the company as a supply-chain risk while the case undergoes judicial review.

12 Mar 2026-09:06
Shell declares force majeure on Qatari LNG cargoes

Energy giant Shell has declared force majeure on liquefied natural gas (LNG) cargoes it buys from QatarEnergy and resells to customers worldwide, according to sources familiar with the matter.

12 Mar 2026-09:04
Gold slips as stronger dollar offsets Iran war uncertainty

Gold prices edged lower on Wednesday as a stronger U.S. dollar weighed on the precious metal, while markets continued to monitor the ongoing conflict involving Iran. Despite geopolitical tensions typically supporting safe haven demand, uncertainty over inflation and interest rate expectations kept gold under pressure.

11 Mar 2026-23:34
McDonald’s to roll out $3 value menu

McDonald’s will introduce menu items priced at $3 or less, along with $4 breakfast meal deals in the U.S., starting in April, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.

11 Mar 2026-22:25
Oil price spike rattles Bitcoin and global crypto market

Soaring oil prices amid rising tensions in the Strait of Hormuz are starting to affect global financial markets, sparking worries about possible impacts on cryptocurrencies and other high-risk assets.

11 Mar 2026-18:24
US CPI shows inflation steady at 2.4% in February

Annual inflation in the US remained unchanged at 2.4% in February, according to the latest Consumer Price Index (CPI) data released on Wednesday.

11 Mar 2026-16:58