Economics: Latest and Breaking News from Azerbaijan and the World | News.az

Economics

Elon Musk faces $2.6B liability over misleading Twitter posts

A California jury has ruled that Elon Musk misled investors during his 2022 acquisition of Twitter, exposing the billionaire to potential damages of up to $2.6 billion in a landmark case that could reshape how corporate leaders communicate on social media.

21 Mar 2026-15:26
China's EV charging infrastructure exceeds 21 mln units

China's electric vehicle (EV) charging infrastructure continued to expand rapidly, with the total number of charging points reaching 21.01 million by the end of February 2026, up 47.8 percent year on year, the National Energy Administration has revealed.

21 Mar 2026-14:28
Qatar Airways moves A380 and A350 Fleet to long-term storage amid war

Qatar Airways has begun relocating a significant portion of its widebody fleet into long-term storage as regional instability continues to disrupt aviation operations and delay recovery across the Middle East.

21 Mar 2026-12:10
How rising gas prices are impacting the average US household

Gas prices have climbed swiftly since the start of the war, fueled by the effective closing of the Strait of Hormuz that cut off 20% of the world’s oil supply.

21 Mar 2026-11:10
Iran signals Hormuz access for Japan-linked oil tankers

Iran has indicated it may allow Japanese-affiliated vessels to resume transit through the Strait of Hormuz, offering a potential easing of pressure on global energy markets.

21 Mar 2026-10:09
US waives Iran oil sanctions to ease price surge

The White House has temporarily lifted some sanctions on Iranian oil purchases in an effort to stabilise global energy prices amid ongoing conflict.

21 Mar 2026-09:16
Qatar Airways relocates widebody jets to Spain amid Middle East war

Qatar Airways has relocated nearly a dozen widebody aircraft to a storage facility in Spain as the conflict in the Middle East continues.

21 Mar 2026-02:12
Iraq slashes oil output by 70% amid Middle East war

21 Mar 2026-01:14
Super Micro co-founder Liaw resigns after chip smuggling charges

Super Micro Computer said Friday that co-founder Yih-Shyan Liaw has stepped down from its board, effective immediately, after being charged with involvement in a scheme to smuggle billions of dollars’ worth of AI chips to China.

21 Mar 2026-01:06
SoftBank plans $500bn AI data hub in Ohio

SoftBank Group Corp. is advancing plans to build a massive AI-focused data center complex in Ohio, with Chief Executive Officer Masayoshi Son saying the project could channel up to $500 billion into a single campus.

21 Mar 2026-00:29

Prev Next