Azerbaijan Financial News

Climate Change Service (C3S) said on Thursday.

The election of Donald Trump as president for a second time and the Republican takeback of the U.S. Senate could undo many of the national climate policies that are most reducing planet-warming greenhouse gas emissions, according to climate solutions e...

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

China’s Xi Jinping, India’s Narendra Modi and other global leaders have arrived in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying the Western liberal order

In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran

Kazakhstan President Kassym-Jomart Tokayev recently announced that his country has successfully attracted $400bn in Foreign Direct Investment (FDI), with plans to bring in an additional $150bn by 2029. This new investment cycle will be spearheaded by the Investment Council. During his address at the Astana International Forum, President Tokayev highlighted the significant political reforms underway, which aim to bolster stability and cater to the democratic aspirations of the populace. He cited the recent referendum on the construction of a nuclear power plant as evidence of Kazakhstan's commitment to democratic values. In addition to attracting foreign capital, Tokayev reaffirmed Kazakhstan's commitment to regional cooperation, particularly within Central Asia. He noted the beneficial impacts of increased collaboration among neighboring countries and highlighted the significant transformations in the region over the past decade.

Subscribe to enjoy similar stories. International travel has quickly become a top aspiration for many Indians, and exploring the world’s diverse cultures and landscapes is more popular than ever. Though daunting expenses still hold many back, careful planning and smart budgeting can make the dream a reality.

Subscribe to enjoy similar stories. Kolkata-based Paayel Sengupta and Ankur Das have a ritual of taking a foreign holiday each year. Having travelled across Southeast Asia extensively, this year they set their sights on a different journey—one that would take them to the captivating crossroads of East and West, beginning with the rich history and stunning landscapes of Turkey.

Thinking of a budget holiday in France? Think again.

More Indians are holidaying abroad than ever before. The Reserve Bank of India’s data on outward foreign remittance in FY24 confirms this, as overseas travel was the primary source of outflows at 53%. This includes business travel as well, but empirical data and reports highlight the current craze among Indians for foreign holidays.

Uzbekistan & Turkmenistan express interest to join International North South Transport Corridor (INSTC) to trade with India as the viable route to the Indian Ocean Region ahead of the BRICS Summit in Kazan that would among other matters lay emphasis on inclusive connectivity corridors. Uzbekistan in particular is keen to harness the full potential of INSTC as well as the Chabahar Port in the backdrop of the Bilateral Investment Treaty (BIT) signed in Tashkent on Friday during the visit of Finance Minister Nirmala Sitharaman. Uzbekistan has sent its first cargo to India via INSTC recently. “The BIT between India and Uzbekistan assures appropriate protection to Uzbekistan investors in India and Indian investors in Uzbekistan, in light of relevant international precedents and practices. It will increase the comfort level and boost the confidence of investors by assuring a minimum standard of treatment and non-discrimination, while providing for an independent forum for dispute settlement through arbitration,” according to a statement issued by the Indian government.

Subscribe to enjoy similar stories. New Delhi: The Coalition for Disaster Resilient Infrastructure (CDRI), an international organization based in New Delhi, is planning to tap artificial intelligence (AI) to curb infrastructure-related disasters, which also be discussed at the 29th United Nations Climate Change Conference (COP29), said director general Amit Prothi. “We will have a discussion on data at COP29.

Pakistan's military said on Thursday that the country has signed a contract to sell JF-17 Block III fighter jets to Azerbaijan. The aircraft is co-produced by the Pakistan Aeronautical Complex and developed jointly with China, with whom Islamabad has grown increasingly close as ties with traditional military ally the United States have weakened over the last few years. The military did not provide the cost or quantity of jets agreed to, but said in a statement that the sale was part of Islamabad's efforts to enhance defence cooperation with friendly countries and bolster the air power capabilities of Azerbaijan.

Azerbaijan, the UAE, and Brazil — the past, current, and next hosts of the UN climate conference — are set to increase their combined oil and gas production by 33 per cent by 2035, contradicting their commitments to lead global efforts for stronger climate action, according to a new analysis. The analysis, compiled by the US-based research and advocacy group Oil Change International using industry data, shows that the UAE and Brazil are on track to increase production by 37 per cent and 38 per cent, respectively, by 2035. Azerbaijan, which will host COP29 in Baku in November, is projected to see a four per cent rise in production. At the last UN climate summit in Dubai in November-December 2023, leaders made a historic commitment to transition away from fossil fuels, triple renewable energy capacity and double energy efficiency by 2030. Oil Change International said that the ongoing expansion of oil and gas investments undermines these commitments.

Subscribe to enjoy similar stories. State-run energy companies on the prowl for foreign assets will focus on projects that are already pumping oil and gas or are about to do so, two people aware of the plans said, after the endless wait for supplies from countries where India has made energy investments in the past prompts a rethink. Though it is far cheaper to invest in foreign exploration and production (E&P) projects in their early stages, the timeline to production is lengthy, something India cannot afford given its galloping energy needs, the people said on the condition of anonymity.

The annual New York City Climate Week and United Nations General Assembly that's just about to start are emphasizing how to generate trillions of dollars that will be needed to help poorer countries move away from gas, oil and coal, fuels that release ...

Subscribe to enjoy similar stories. SINGAPORE—It happens to every Formula One driver. You’re crammed inside a tiny cockpit, sweating through your fireproof suit, with your foot to the floor at 200 miles per hour, when suddenly something goes wrong with your $10 million machine.

Azerbaijan Grand Prix, it seems like nearly half the field is capable of winning races in Formula 1. McLaren chief executive Zak Brown, whose driver Lando Norris is Max Verstappen's closest title challenger, says he's enjoying the best show he's seen in his eight years in F1. There have been six different winners in the last eight races, representing four different teams. Verstappen, whose dominance in 2022 and 2023 broke records, still leads the standings but his last win was in June.

D Gukesh and Arjun Erigaise, the Indian men scored the necessary 2.5 points out of possible three against Azerbaijan in the fifth round of the 45th Chess Olympiad here on Sunday. It seems like Gukesh and Arjun can do nothing wrong in this Olympiad as they overpowered Aydin Sulemanli and Rauf Mamedov respectively with their white pieces in quick time. Praggnanandhaa played another draw on board two but that only ensured an Indian victory irrespective of the result of Vidit Gujrathi who was playing against Shakhriyar Mamedyarov. After scoring the fifth victory on the trot, the Indian men maintained a clean slate on ten points and they were joined by Vietnam who continued with their impressive show and downed Poland 2.5-1.5.

Subscribe to enjoy similar stories. Perfectly still, that’s what archers want to be as they stand on the spot, ready to release the arrow. They try and tame the racing heart, control the breathing, quieten the mind and cajole every muscle into sync.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence