economy

May 2, 2025

Azerbaijan to hold Caspian Energy Forum in Baku

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Azerbaijan's non-oil exports surged by 16.7% in the first seven months of 2023, reaching $2.48 billion. The growth was largely driven by the non-oil industrial sector, where exports climbed by 23.5%, totaling $1.59 billion. This positive trend contributed to a 14.6% overall increase in Azerbaijan's foreign trade turnover, which amounted to $28.57 billion during the January-July period. Of this, exports accounted for $17.04 billion, a 6.4% rise, while imports saw a more substantial jump of 26.8%, hitting $11.53 billion.

April 13, 2025

Azerbaijan increases gas exports to Europe.

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Azerbaijan exported over 22.3 million tons of oil, including condensate, from January through August 2023. This figure marks a 10.4% increase compared to the same period in 2022. Crude oil exports accounted for approximately 17.6 million tons of the total, reflecting an annual increase of about 14%. During this period, the average price of Azerbaijani oil was $81.6 per barrel.

April 12, 2025

Trump Tariffs' Impact on Furniture Prices

Table China, consumer spending, Donald Trump, economy, Exports, furniture, Imports, Inflation, Manufacturing, Prices, retail, Supply Chain, Tariffs, Trade War

The Trump administration's tariffs on imported goods from China are expected to impact furniture prices, potentially leading to increases for American consumers. A significant portion of furniture sold in the U.S. is manufactured in China, making the industry particularly vulnerable to these tariffs. While some domestic manufacturers may benefit from decreased competition, retailers are anticipating price hikes to cover the increased costs, which are likely to be passed on to consumers. The extent of the impact remains uncertain, depending on factors such as the size and duration of the tariffs, and retailers' ability to absorb some of the added costs.

April 9, 2025

Luxembourg's inflation rate falls to 2% in September.

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Luxembourg's inflation rate fell to 2.4% in August, down from 2.7% in July and marking the lowest rate since February 2022. This decline was primarily driven by lower energy prices, although food prices continued to rise. Despite the positive trend, core inflation, which excludes energy and food prices, remained stable at 4%. Statec, Luxembourg's statistics agency, highlighted the impact of the end of free public transport and the rise in tobacco prices as contributing factors to inflation.

April 9, 2025

Trump's Tariffs Leave Italian Luxury Furniture Makers on Edge

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Italian luxury furniture makers are facing difficulties due to US tariffs imposed during the Trump administration. These tariffs, implemented in late 2019 on European goods including furniture, have significantly impacted Italian exports to the US, a crucial market for high-end Italian furniture brands. Companies are now grappling with increased costs, forcing them to consider absorbing the tariffs, raising prices, or seeking alternative markets. This situation has created uncertainty and hampered growth within the Italian luxury furniture sector.

April 4, 2025

Tariffs Shake Retail, Hitting Best Buy and Furniture Firms Hardest

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Tariffs on Chinese goods are impacting American retailers, particularly in the electronics and furniture sectors. Best Buy, along with other electronics retailers, is facing higher costs due to the tariffs on items like televisions and smartphones. Furniture companies are also significantly affected, as a large portion of their products are imported from China. These increased costs are squeezing profit margins and could lead to higher prices for consumers.

April 1, 2025

Japan's 'Oshikatsu' Trend Reshapes Consumer Spending

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Japan's "oshikatsu" trend, where fans dedicate significant time and money to supporting their favorite idols or characters, is dramatically impacting consumer spending and retail strategies. This fervent fandom fuels demand for specialized merchandise, exclusive events, and voting campaigns, pushing retailers to develop innovative products and experiences to cater to these dedicated fans. From limited-edition collaborations to interactive pop-up stores and online streaming events, businesses are adapting to capitalize on the oshikatsu phenomenon and the lucrative opportunities it presents.

March 14, 2025

Restrictive Economic Policies Fueling Market Turmoil, Says Jim Paulsen

Table Bonds, Economic Policies, economy, Federal Reserve, Financial Markets, Inflation, Interest Rates, Investment Strategy, Jim Paulsen, Leuthold Group, Market Turmoil, Restrictive Policies, Stock Market

Market turmoil, according to Jim Paulsen, chief investment strategist at The Leuthold Group, stems from restrictive economic policies. He argues that the current instability isn't due to excessively high valuations or an overheated economy, but rather the consequence of aggressive actions taken by central banks and governments to combat inflation. These measures, he suggests, have inadvertently created market volatility and economic uncertainty.

March 13, 2025

Indonesia Home Furniture Market to See Growth from 2024-2032

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The Indonesia home furniture market is projected to witness significant growth between 2024 and 2032. Factors driving this expansion include a growing real estate sector, increasing disposable incomes, and evolving consumer preferences towards modern and stylish furniture. The market encompasses diverse segments like living room, bedroom, and kitchen furniture, with both online and offline retail channels playing crucial roles in distribution. This growth is expected to create lucrative opportunities for both domestic and international furniture manufacturers.

February 16, 2025

AP Trending SummaryBrief at 11:11 p.m. EST

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A freight train carrying hazardous materials derailed in a small Michigan town near Detroit, prompting evacuations as authorities assessed the potential risks. While no injuries were reported, one of the train cars carried hazardous materials, although officials stated there was no evidence of an immediate exposure threat. Crews were on-site investigating the cause of the derailment and working to mitigate any potential hazards.