Production of marketable bread decreased by 2%

Azerbaijan established a new state-owned holding company, AZCON, aimed at overhauling the management of key transport and communications enterprises, per a presidential decree issued on Tuesday. The move is intended to streamline operations and boost economic returns from the country’s strategic sectors.

The unexpected re-election of Donald Trump to the U.S. presidency has sent shockwaves through global markets, leaving traders braced for sweeping policy changes under his administration. Futures on the S&P 500 climbed 2.2%, the dollar experienced its sharpest rise since 2020, and Bitcoin reached a historic high of $75,000. Meanwhile, U.S. Treasury bonds took a hit as investors anticipated accelerated inflation, pushing the yield on 30-year Treasuries up by 20 basis points to 4.65%. Tesla shares surged over 12% in pre-market trading on November 6, partly fueled by CEO Elon Musk’s vocal support for Trump during the campaign.

Azerbaijan saw 22,446 flights conducted in January-October this year, a 19.4% increase over the same period last year, according to the State Tourism Agency.

In Azerbaijan, electric vehicle (EV) charging stations are being installed by both the state-owned company “Azerishiq” and private firms. However, many drivers told Azadliq Radio that electricity at these stations costs more than gasoline or diesel.