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AzerNews - News from Azerbaijan, Business, Energy, Analysis

Egypt plans to build city in desert, supply with water from Nile

Egyptian Prime Minister Mustafa Madbouli recently unveiled plans to build a new city in the desert that will receive about 7 percent of the Nile River’s annual water quota, Azernews reports.

UK to build 12 new nuclear submarines

The United Kingdom plans to build up to 12 new nuclear-powered attack submarines as part of its long-anticipated defense strategy, aimed at countering growing global security threats, Azernews reports.

Azerbaijan presents evidence of civilian targeting, genocide in landmark trial

The open court session continued on June 2 at the Baku Military Court in the criminal case against Armenian citizens Arayik Harutyunyan, Arkadi Ghukasyan, Bako Sahakyan, Davit Ishkhanyan, David Babayan, Levon Mnatsakanyan, and others.

Honda Prelude’s return at odds with shrinking coupe market

In a bold move against current market trends, Honda Motor Co. is set to revive its iconic two-door coupe, the Prelude, this fall—marking its return after a 24-year hiatus, Azernews reports.

Philippines consider possibility of acquiring Typhon complexes from United States

The Philippines is considering the purchase of intermediate-range missile systems, specifically the American-made Typhon system, as part of efforts to modernize its defense capabilities, Azernews reports.

BTC Markets announce turning point for Bitcoin

The price of Bitcoin has reached a critical juncture that could determine the future direction of the cryptocurrency market, Azernews reports.

Renault Korea's May sales jump 47.6 pct on strong demand

Renault Korea Motors, the South Korean subsidiary of Renault S.A., announced Tuesday that its sales soared by 47.6 percent in May compared to the same month last year, driven by strong demand for its vehicles both domestically and internationally, Azernews reports.

Microsoft to invest $400 million in cloud and AI services infrastructure in Switzerland

The American corporation Microsoft is investing $400 million to develop cloud computing and artificial intelligence (AI) infrastructure in Switzerland, Azernews reports.

Ukraine’s drone strike on Russian assets sparks global nuclear concerns

At least 41 Russian aircraft were destroyed or damaged across four airfields in one of the most devastating Ukrainian drone strikes since the war began. The targeted aircraft included strategic assets such as the A-50 early warning aircraft — Russia’s equivalent of the AWACS — and long-range Tu-22M3 and Tu-95 bombers. This operation, deep behind enemy lines, marks a significant escalation and could reshape the strategic landscape of the conflict. What does this mean for the future of the war? Could this act redefine the rules of modern warfare? And perhaps most critically: how might Russia respond?

Evidence of war crimes mounts as Baku Court reviews rocket attacks on Mingachevir

The ongoing hearing at the Baku Military Court on Monday, with the participation of Senior Assistant to the Prosecutor General Vusal Aliyev, examined the expert opinions from the scene and the inspection protocols regarding the damage to the civilian infrastructure of the Republic of Azerbaijan, as well as the killing of civilians during the 44-day war in 2020.

Azerbaijan notes growth in trade turnover with Iran early this year

In the first four months of 2025, Azerbaijan’s total trade turnover with Iran increased by 11.5 percent

Azerbaijan boosts gas exports to Türkiye in volume, sees revenue decline

During this period, Azerbaijan exported natural gas to Türkiye, Georgia, Serbia, Bulgaria, Italy, and Greece, while imports originated from Russia and Turkmenistan. Compared to the same period last year, the volume of exports rose by...

Azerbaijan boosts non-oil exports, outpacing Georgia in domestic production share

According to an analysis conducted by the Media Analysis Center (MTM) based on official figures from the State Customs Committee and the State Statistics Committee, Azerbaijan’s non-oil and gas exports in the first quarter of 2025. Despite this growth, the highest first-quarter figure for the past five years was still recorded in 2023, when non-oil and gas exports totaled...

Chinese company plans 200 MW offshore wind project in Azerbaijan

A Chinese company is exploring the implementation of a 200 MW offshore wind power project in Azerbaijan.

People's Artist who bridges tradition and modernity through art

June 2 marks 12 years since the passing of People's Artist Togrul Narimanbayov, a true giant of 20th-century art whose creativity continues to inspire, Azernews reports.