CICA Youth Council holds 9th meeting focused on sustainable urban development

The 9th meeting of the CICA Youth Council has been held in Baku as part of the Azerbaijan’s chairmanship of the Conference on Interaction and Confidence Building Measures in Asia (CICA) for 2024-2026, AzerNEWS reports citing the Azerbaijan Ministry of Youth and Sports.

The opening ceremony of the event, held at the “Marriott Boulevard” hotel, began with the playing of the Azerbaijan National Anthem.

This was followed by speeches from Minister of Youth and Sports Farid Gayibov and CICA Secretary General Kairat Sarybay, who pointed out that strengthening cooperation among young people within CICA, promoting experience exchange, and supporting joint initiatives would contribute to building more inclusive, innovative, and sustainable urban communities. A video presentation was also shown.

Dedicated to the theme “Youth Participation in Promoting Sustainable Urban Development,” the event brought together around 120 delegates from 17 CICA member states.

After the approval of the agenda, the meeting continued under the chairmanship of Deputy Minister of Youth and Sports Indira Hajiyeva. During the session, heads of delegations delivered speeches, and the draft Recommendations document of the 9th CICA Youth Council meeting was discussed.

In the second part of the day, a training session was organized in preparation for the “CICA Countries Youth Speech and Debate” competition.

Participants were introduced to debate techniques and the Karl Popper format, along with detailed information about the competition topic and debate themes.

Oman Parliament to review double taxation agreement with Azerbaijan

Oman’s Shura Council is set to discuss a draft agreement with Azerbaijan aimed at eliminating double taxation and preventing tax evasion on income taxes, AzerNEWS reports citing the Oman News Agency.

The draft agreement, titled “Agreement between the Government of the Sultanate of Oman and the Government of the Republic of Azerbaijan for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance,” will be reviewed during the parliament’s session scheduled for tomorrow.

The proposed agreement is intended to strengthen the legal framework for economic and investment cooperation between the two countries.

Azerbaijan’s weekly oil price review

The average prices of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals crude oil all recorded declines over the past week, AzerNEWS reports.

According to oil market data, the average price of Azeri Light CIF crude, produced from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) field, fell by $5.29, or 6.4%, from the previous week to $77.66 per barrel. During the reporting period, the benchmark traded between a weekly high of $80.43 and a low of $74.36 per barrel.

Meanwhile, Azeri Light FOB Ceyhan averaged $75.28 per barrel, marking a weekly decline of $5.45, or 6.8%. Its highest price during the week reached $78.13 per barrel, while the lowest stood at $71.90.

The average price of Urals crude also dropped sharply, decreasing by $6.60, or 12%, to $48.52 per barrel. Over the course of the week, prices fluctuated between $51.87 and $44.14 per barrel.

Similarly, the average price of Dated Brent fell to $73.51 per barrel, down $7.19, or 8.9%, compared to the previous week. During the week, Brent traded within a range of $70.56 to $76.27 per barrel.

Germany sets new nighttime heat record amid ongoing heatwave

continue to grip much of the nation, AzerNEWS reports.

The German Weather Service (DWD) informs that the temperature in the village of Kubschtz in the eastern state of Saxony remained at 29.4°C overnight, setting a new national record for the highest nighttime temperature. The previous record of 27.2°C, recorded in Weinbiet, Rhineland-Palatinate, in August 2003, has now been surpassed.

Meteorologists attributed the unusually warm night to the region’s hilly terrain and persistent southerly winds, which prevented temperatures from dropping after sunset.

Daytime temperatures have also reached unprecedented levels. On Saturday, the DWD recorded 41.5°C at the Dretzel meteorological station in the Jerichower Land district of Saxony-Anhalt, marking the highest daytime temperature ever measured in Germany.

Forecasters expect the heatwave to persist through Sunday before cooler air begins moving

Shirvan Plain: Living landscape of rare plants and changing ecosystems

Researchers from the Geobotany Laboratory of the Institute of Botany under the Azerbaijan Ministry of Science and Education have conducted field studies across various areas of the Shirvan Plain to assess the current condition of vegetation and examine ecological changes taking place in the region, AzerNEWS reports citing the Azerbaijan Institute of Botany.

The study aimed to evaluate the modern state of plant cover in the Shirvan Plain, determine the intensity of degradation and desertification processes, and analyze the natural and human-related factors influencing these changes.

The research covered the territories of Yevlakh, Ujar, Agdash, Goychay, and Shirvan. During field surveys, researchers recorded seasonal plant species, identified dominant and ecosystem-forming species, and studied succession processes occurring within vegetation communities. The team also examined the distribution of rare, relict, and invasive plant species, carried out geobotanical descriptions, and recorded GPS coordinates of observation points.

The study confirmed that the Shirvan Plain is home to diverse ecosystems, including semi-deserts, deserts, tugay forests, and wetland areas. Observations indicate that vegetation transformation has accelerated in some parts of the region in recent years. Certain tree-like saline plant communities are gradually being replaced by Artemisia fragrans communities, while areas dominated by Tamarix ramosissima, Halocnemum strobilaceum, and other halophyte species are expanding.

Researchers recorded nine semi-desert and fourteen desert plant communities in the Shirvan Plain. The findings show that wormwood, saline, and tamarisk vegetation communities are among the most widespread in the area. Scientists also observed that unusually warm weather during the spring of 2026 shortened the vegetation period of ephemeral plants.

Floristic studies identified 104 plant species belonging to 35 families and 87 genera across the Goychay, Agdash, Yevlakh, Mingachevir, and Ujar districts. Researchers also documented 11 relict tree and shrub species found in the region.

The current condition of rare species listed in Azerbaijan’s Red Book, including pomegranate (Punica granatum), fig (Ficus carica), Oriental plane tree (Platanus orientalis), wild grape (Vitis vinifera subsp. sylvestris), and Pastukhov’s ivy (Hedera pastuchovii), was monitored. In addition, the presence of eight invasive plant species was recorded.

One of the most important findings of the expedition was the discovery, for the first time along the Kura River, of a rare plant association dominated by Pistacia atlantica and Punica granatum species. Researchers also identified a new distribution area for the plant species Consolida regalis.

The studies resulted in the collection of extensive scientific data on desert, semi-desert, tugay forest, and wetland ecosystems of the Shirvan Plain. Researchers documented the distribution patterns of plant communities and recorded dynamic changes occurring within local ecosystems.

As part of the same research program, institute specialists also carried out additional monitoring in the coastal areas of the Lankaran district.

The studies focused on invasive species such as Artemisia verlotiorum and Asphodeline tenuifolia, as well as rare species including Quercus castaneifolia, Iris pseudacorus, and Punica granatum. Their distribution patterns and population conditions were assessed to better understand the ongoing ecological processes.

The research highlights the importance of continuous monitoring and conservation efforts to protect Azerbaijan’s diverse plant ecosystems and preserve valuable natural habitats.

Ronaldo and Bellingham make FIFA World Cup history with record achievement

Several notable statistical milestones have recorded after the latest group-stage matches at the FIFA World Cup, highlighting historic achievements by some of football’s biggest stars, AzerNEWS reports.

According to FIFA, Portugal forward Cristiano Ronaldo entered World Cup history after scoring in the group stage. He became the first player ever to score at six different World Cup tournaments. At the age of 41, Ronaldo has also joined the list of the oldest goalscorers in World Cup history, ranking second in that category.

The Portugal captain’s latest goal also saw him surpass legendary Portuguese striker Eusebio, becoming his country’s top goalscorer in World Cup history.

Another milestone was achieved by England midfielder Jude Bellingham, who made his 50th appearance for the national team at the age of 22, becoming the youngest English player to reach this mark.

Despite dominating possession with 79 percent of the ball, England were held to a goalless draw. It was the 13th 0-0 draw recorded by England in World Cup history, the highest number among all national teams.

Meanwhile, thanks to victories involving Ronaldo and Croatia midfielder Luka Modric, the World Cup witnessed a historic first – two players aged over 40 appeared in winning teams on the same day.

In the latest group-stage results, Portugal defeated Uzbekistan 5-0, while Colombia secured a 1-0 victory over Congo in Group K. In Group L, Croatia beat Panama 1-0, while the England-Ghana match ended in a goalless draw.

The FIFA World Cup 2026, jointly hosted by the United States, Mexico, and Canada, will conclude on July 19.

New wheat shipment transits Azerbaijan en route from Russia to Armenia

Today, a new shipment of wheat-770 tons transported in 11 rail wagons was sent from Russia to Armenia via Azerbaijan, continuing regional transit operations through the South Caucasus transport network, AzerNEWS reports.

The cargo departed from the Bilajari station of Azerbaijan Railways CJSC and is currently en route to Boyuk Kesik station. From there, it will pass through Georgia before reaching its final destination in Armenia.

On October 21, 2025, during a joint press statement with Kazakh President Kassym-Jomart Tokayev, President Ilham Aliyev announced that Azerbaijan had lifted all restrictions on cargo transit to Armenia that had been in place since the occupation period.

The first shipment under this new arrangement was a delivery of Kazakh grain to Armenia, marking the start of renewed transit flows in the region.

Magnitude 6.1 earthquake strikes northeastern Afghanistan

A powerful earthquake measuring 6.1 on the Richter scale struck northeastern Afghanistan on Friday, according to the United States Geological Survey (USGS), AzerNEWS reports.

The USGS said the epicenter of the quake was located in the Jurm region of northeastern Afghanistan.

According to preliminary data, the earthquake originated at a depth of 208 kilometers beneath the Earth’s surface, making it a deep-focus seismic event.

There have been no immediate reports of casualties or significant damage, and authorities are continuing to assess the impact of the earthquake.

Afghanistan is highly prone to earthquakes, particularly in its northeastern regions, which lie near the convergence of the Indian and Eurasian tectonic plates, making the country one of the most seismically active areas in the region.

Reddit traders fuel Wendy’s stock rally as meme stock frenzy returns

Shares of burger chain Wendy’s surged after becoming the latest favorite of retail investors on the Reddit forum WallStreetBets, reviving memories of the 2021 meme stock phenomenon that propelled companies such as GameStop, AzerNEWS reports.

According to The Wall Street Journal, calls from Reddit users to buy Wendy’s shares quickly gained momentum, with one widely shared post urging investors to “save Wendy’s before it’s too late.” The stock climbed about 18% on Wednesday before surrendering part of those gains amid heightened volatility.

Wendy’s has emerged as a classic meme stock candidate. Its shares have fallen roughly 38% over the past year and more than 68% over the past five years, reflecting weak sales in the United States and pressure on profit margins from rising beef and other commodity costs.

The company’s sharp decline has also attracted bearish investors. Data from Nasdaq shows that short interest in Wendy’s shares increased by approximately 81% since the beginning of 2026 through the end of May, making it an attractive target for retail traders seeking to trigger a short squeeze.

A short squeeze occurs when rising share prices force investors who bet on a decline to buy back stock to close their positions, further accelerating price gains.

The stock’s extreme volatility prompted Nasdaq to temporarily halt trading twice over two days.

Beyond social media enthusiasm, Wendy’s also saw fundamental developments. The company appointed Steve Sirulis, formerly of Potbelly, as its new chief financial officer.

Another factor drawing investor attention is activist billionaire Nelson Peltz, Wendy’s largest shareholder. Peltz personally owns around 16% of the company, while his investment firm, Trian Fund Management, controls an additional 7.9%. Earlier this year, Peltz said the company was evaluating strategic alternatives, including a potential sale or delisting.

Market analysts caution that the renewed meme stock rally highlights abundant market liquidity and speculative sentiment, noting that sharp price movements driven by retail enthusiasm do not necessarily reflect a company’s underlying financial fundamentals.

Some retail investors have openly acknowledged participating in the rally in hopes of recovering previous losses rather than based on the company’s business outlook, underscoring the speculative nature of the latest meme stock resurgence.

Azerbaijan strengthens maritime environmental governance with Anti-Fouling Convention

Azerbaijan’s decision to accede to the International Convention on the Control of Harmful Anti-Fouling Systems on Ships represents more than a routine legislative update. It reflects the country’s broader strategy of aligning its maritime sector with international environmental standards while strengthening its position as a responsible actor in global shipping. The law, approved by the Milli Majlis on June 12 and signed by President Ilham Aliyev, demonstrates Azerbaijan’s commitment to protecting the marine environment, modernizing its maritime legislation, and supporting sustainable economic development.

The convention in question was adopted in London on October 5, 2001 under the framework of the International Maritime Organization. Its central purpose is to prevent pollution caused not by oil spills or cargo discharge, but by the anti-fouling systems applied to ship hulls. These coatings are designed to prevent the accumulation of marine organisms such as algae, barnacles, and mollusks, which can reduce a vessel’s efficiency and increase fuel consumption. For decades, some of the chemicals used in these coatings – especially organotin compounds such as tributyltin – were found to be highly toxic to marine ecosystems.

The Convention therefore seeks to eliminate the use of harmful anti-fouling systems while encouraging the development of environmentally safer technologies.

For Azerbaijan, environmental considerations are particularly significant because of the unique characteristics of the Caspian Sea.

Unlike open oceans, the Caspian is an enclosed basin where pollutants tend to remain for extended periods. Toxic substances introduced into its waters can accumulate over decades, affecting fish stocks, marine mammals, coastal habitats, and local communities dependent on marine resources.

By adopting internationally recognized restrictions on hazardous anti-fouling substances, Azerbaijan contributes to reducing one additional source of marine contamination. The Convention complements existing national and regional efforts aimed at improving water quality and preserving marine biodiversity.

Under the Convention, certain categories of ships engaged in international voyages are required to obtain the relevant international certificates and declarations. Compliance of ships with the Convention’s requirements is determined through inspections conducted by the competent authorities of the Contracting Parties or by recognized organizations.

In addition, the Convention establishes scientific and technical mechanisms for assessing harmful substances and provides for relevant procedures and measures for cooperation within the framework of the International Maritime Organization (IMO).

Accession to international environmental conventions therefore supports not only ecological objectives but also Azerbaijan’s long-term economic attractiveness.

By adopting internationally accepted standards, Azerbaijan signals that economic modernization and environmental responsibility are mutually reinforcing priorities rather than competing goals.

Equally important will be continued cooperation with regional partners around the Caspian Sea, since marine pollution cannot be effectively addressed by one country acting alone.

Protecting marine ecosystems, improving regulatory quality, strengthening international credibility, and supporting sustainable economic growth are complementary objectives that reinforce Azerbaijan’s long-term development strategy.

Rather than being viewed simply as another international treaty, the Convention should be understood as part of Azerbaijan’s broader integration into the evolving global framework of environmentally responsible maritime governance.