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 buy memory chips from China to overcome these challenges.
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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 the high tariffs imposed by the Trump administration by routing imports through countries with lower tariffs, including Canada and India.
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At a meeting led by Ali Ahmadov, Deputy Chairman of the Central Bank of Azerbaijan, 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 were discussed.
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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 global oil supply decrease of 4.3 million barrels in 2026, which is 0.6 million barrels more 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 finance 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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