Silver trades hit record high
Silver jumped more than 2% to a record high today. The white metal rose as high as $57.86 an ounce.
global economy
Azerbaijan's non-oil exports up by 6.6% in 10 months
Azerbaijan’s non-oil sector exports grew by 6.6% in the first 10 months of 2025, totaling $2.99 billion, according to the Center for Analysis of Economic Reforms and Communication.
Baku and Islamabad identifies key vectors of economic partnership
Pakistan's Prime Minister Muhammad Shehbaz Sharif received a delegation led by Azerbaijani Minister of Economy Mikayil Jabbarov, who was on an official visit to Pakistan.
Mercedes-Benz files trademark application in Russia
The Mercedes-Benz auto concern filed an application with the Federal Service for Intellectual Property (Rospatent) to register a trademark with a similar name.
Russian economy cooling faster than expected - ministry
The Russian economy is cooling faster than previously expected, Russia's Economic Development Minister Maxim Reshetnikov said on the sidelines of the Eastern Economic Forum.
Bitcoin reach all-time high above $124,000
Bitcoin prices rallied on August 13, reaching a fresh, all-time high above $124,000.
U.S. global economic share drops below 15%
The U.S. share of the global economy has tanked below 15% during Joe Biden’s presidency. By the end of his term, it is projected to hit a record low of …
IMF: Middle East conflict poses economic risks
The International Monetary Fund said an escalation of the conflict in the Middle East could have significant economic ramifications for the …
'Black Monday' crashes Asian stock markets, bitcoin and oil
Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue …
IMF: some countries reevaluating reliance on dollar
Some countries are working on reducing their reliance on the dollar, First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath at the Stanford Institute for Economic Policy Research.
Blinken: Houthi attacks disrupt global shipping in Red Sea
The attacks by the Ansar Allah Houthi movement on commercial shipping have disrupted or diverted nearly 20% of global shipping, U.S. Secretary of State Antony Blinken said during the press conference with Amir Sheikh Tamim Bin …
EU budget - main donors and recipients
Germany continues to feed the EU budget
Lavrov: shift to settlements in national currencies cannot be stopped
The shift to settlements in national currencies bypassing the dollar can no longer be stopped, Russian Foreign Minister Sergey Lavrov told a press conference following a visit to New York as part of Moscow's presidency of the UN Security …
IMF warns of risks to global financial stability
The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest …
IMF chief expects turning point in global economy
IMF Managing Director Kristalina Georgieva, addressing an Arab Fiscal Forum in Dubai, said global growth remains weak, but it may be at a turning point. "After expanding by 3.4% last year, we see growth slowing to 2.9% in 2023 and …
IMF expects global inflation to slow down
At the World Economic Forum in Davos, Gita Gopinath, deputy managing director of the IMF, signalled that the fund would upgrade its economic forecasts. Instead of predicting a “tougher” 2023, she now expected an …
World Economic Forum experts expect recession in 2023
The majority of leading economists surveyed by the World Economic Forum (WEF) in November-December last year forecast a recession in the global economy in 2023, according to the WEF report published on Monday. According to the report, a …
World Bank slashes global growth forecast for 2023
The World Bank on Tuesday trimmed its global growth forecast for 2023 from 3% to 1.7%. The decrease is due to monetary policy tightening to tame elevated inflation, reduced investment, and disruptions caused by the Ukraine war, the bank …
Fitch Ratings lowers 2023 world GDP forecasts
Fitch Ratings Inc. said it again revised down world GDP forecasts for 2023 "as central banks intensify their fight against inflation and the outlook for China's property market deteriorates." Fitch said it now expects 2023 …
Global growth may slump to 2009 levels next year
Global growth could plunge to 2009 levels next year when adjusted for base effects as the Ukraine crisis continues to weigh on the world economy, according to the Institute of International Finance. Economists said that growth …
