Azernews.Az

Wednesday January 28 2026
Federal Reserve set to hold rates as markets await Powell’s first decision of 2026

Federal Reserve set to hold rates as markets await Powell’s first decision of 2026

Tonight, the U.S. Federal Reserve (Fed) will announce its first interest rate decision of 2026. The decision will be released at 11:00 p.m. Baku time, followed by a press conference at 11:30 p.m., where Chairman Jerome Powell will answer questions from journalists. Economists and market participants widely expect the Fed to keep rates unchanged in the 3.5%–3.75% range. While this may sound routine, the implications are anything but: the Fed’s rate policy sends powerful signals to the U.S. economy, global financial markets, and the dollar itself. Interest rates shape investment flows, currency valuations, and bond markets worldwide.

Nation
Azerbaijan plans 25 new railway stations around Baku by 2030

Azerbaijan plans 25 new railway stations around Baku by 2030

By 2030, an additional 25 railway stations and stops are set to be opened in the areas surrounding Baku, as part of a major transport infrastructure upgrade, Azernews reports, citing Anar Rzayev, Chairman of the Board of the Azerbaijan Surface Transport Agency (AYNA), as he said during a roundtable discussion on the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025–2030.

Oil & Gas
Russian oil tankers stranded as Indian refineries scale back imports

Russian oil tankers stranded as Indian refineries scale back imports

Tankers carrying Russian oil have been left stranded at sea after Indian refineries reduced purchases, Azernews reports citing Bloomberg.

Business
Azerbaijan’s quince exports surge in January–November 2025

Azerbaijan’s quince exports surge in January–November 2025

Between January and November last year, Azerbaijan exported 3,552 tons of quince worth $3.5 million, marking a sharp increase compared to the same period in 2024, Azernews reports, citing the State Statistics Committee.

Analysis

Armenian-Azerbaijani conflict
Pashinyan says there will be no war with Azerbaijan, pledges defensive army build-up

Pashinyan says there will be no war with Azerbaijan, pledges defensive army build-up

Armenian Prime Minister Nikol Pashinyan has said that there will be no war with Azerbaijan, while stressing that Armenia will continue to develop its army and strengthen its defense capabilities, Azernews reports.

Armenian Aggression
Humanitarian worker injured in landmine explosion in Ağdərə’s Qızıloba village

Humanitarian worker injured in landmine explosion in Ağdərə’s Qızıloba village

A landmine explosion occurred in the Qızıloba village area of Ağdərə district, recently liberated from occupation, resulting in injury to a humanitarian worker, Azernews reports, citing the Azerbaijan National Agency for Mine Action (ANAMA).

World
Russian drones kill at least 12 across Ukraine, passenger train hit in Kharkiv region

Russian drones kill at least 12 across Ukraine, passenger train hit in Kharkiv region

Russia launched a mass overnight drone attack across Ukraine, killing at least 12 people, Ukrainian authorities said, with one strike hitting a passenger train in the Kharkiv region, Azernews reports.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Lifestyle
Old carpets turn into vibrant art pieces in Ganja [PHOTOS]

Old carpets turn into vibrant art pieces in Ganja [PHOTOS]

Within Arts Council Azerbaijan, art project "Second Life" (İkinci Həyat), a creative workshop and exhibition, has been held in Ganja, transforming the city's urban space into an open-air art venue, Azernews reports.

Culture
Folklore Institute presents book 'Azerbaijani Turkic Proverbs'

Folklore Institute presents book 'Azerbaijani Turkic Proverbs'

By decision of the Academic Council of the Folklore Institute of the Azerbaijan National Academy of Sciences (ANAS), the book "Azerbaijani Turkic Proverbs" has been published, Azernews reports.

Events
bp's contributes to promotion of nonconformist movement in Azerbaijan's fine arts [PHOTOS]

bp's contributes to promotion of nonconformist movement in Azerbaijan's fine arts [PHOTOS]

bp, on behalf of its partners in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz and South Caucasus Pipeline projects - SOCAR, TPAO, LUKOIL, SGC, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM and TotalEnergies, has announced the successful completion of an important social project aimed at supporting the promotion of the non-conformist movement in Azerbaijani fine arts that emerged in the 1960s, Azernews reports.

Sports
Ganja to host major wrestling championship

Ganja to host major wrestling championship

Wrestling holds a special place in Azerbaijan, where it is celebrated as both a sport and a cultural tradition. Azerbaijani athletes are known for their skill, discipline, and resilience.

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