Economy
US Commerce Secretary Howard Lutnik stated that the increasing demand for memory chips in the field of artificial intelligence has led to price increases and supply issues. Apple plans to address these challenges by purchasing memory chips from China.
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US Defense Secretary Pete Hegseth announced that the naval blockade against Iran will continue indefinitely. This military move aims to strengthen economic isolation amid stalled ceasefire talks with Iran.
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According to a new US report, China circumvented high tariffs imposed by the Trump administration by routing imports through countries with lower tariffs, including Canada and India.
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A meeting led by Ali Ahmadov, Deputy Chairman of the Central Bank of Azerbaijan, focused on the development of the capital market for the second quarter of 2026, the activities of investment companies, and the future strategy of the financial sector.
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Expressbank offers cash loans up to 70,000 AZN with discounted annual interest rates to State Border Service employees in celebration of their professional holiday.
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The International Energy Agency (IEA) forecasts a daily decrease of 4.3 million barrels in global oil supply in 2026. This decline is 0.6 million barrels greater than previous estimates, with supply expected to fall to 102 million barrels.
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In January-July 2026, consolidated budget revenues amounted to 28.84 billion manats, while expenditures were at 23.74 billion manats. These figures reflect the sustainability of public finances and ongoing economic development.
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A brief explanation has been provided about the new agricultural export program, with increased financial support for farmers.
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