Level Leasing earned 522,000 manats in 6 months

Level Leasing OJSC completed the 1st half of 2024 with profit of 522,000 manats.

Boeing to lay off more than 2,200 workers in Washington and Oregon

Apple registered in Azerbaijan

Apple Distribution International Limited has been registered electronically in the Republic of Azerbaijan for VAT purposes. The registration of a company for VAT purposes comes into force on December 1 of this year.

Taxpayer rate in Azerbaijan has increased

As of November 1, 2024, there were 1,583,592 taxpayers in Azerbaijan.

Solar panel maker on verge of bankruptcy

After the closure of production in Germany, Swiss solar panel manufacturer Meyer Burger is on the verge of bankruptcy.

Alibaba's quarterly net profit increased by 58%

Dream Land has suffered heavy losses – The project is running at a loss

The Dream Land Project, covering luxury residential, shopping, entertainment and sports areas around Baku, also suffered huge damage in 2023.

Intel fired up to 20% of developers in Israel

Siemens plans to cut up to 5,000 employees

The management of Siemens, despite the good performance, announced the reduction of up to 5,000 jobs worldwide.

Authorized capital of reorganized company exceeds 9 million manats

A branch of a Turkish energy company has opened in Azerbaijan

Turkish energy company Europower Energy A. S. will start its activity in Azerbaijan.

Jeff Bezos sells Amazon shares for $2.7 bn

Jeff Bezos, the head and founder of Amazon.com Inc., sold shares of his company for $1.2 bn

Amazon shares update record after preliminary results of U.S. presidential elections

Shares of BMW, Volkswagen and Mercedes-Benz fall after Trump's victory

Puma's net profit reduced by 3% for Q3

Ukrainian pharmaceutical company registered in Azerbaijan

Ukrainian pharmaceutical company has entered the Azerbaijani market.

Honda's half-year net profit fell by 20%

French car tire producer to close two factories in France in 2025

Alibaba reduces resources for development of metaverse

Alibaba is scaling back operations in the metaverse, joining other tech giants that have cut resources in the once-hyped sector.

German giant ThyssenKrupp has introduced austerity measures due to weak market situation

German steel giant ThyssenKrupp has introduced austerity measures due to its weak market situation, ABC.AZ reports, referring to newspaper Westdeutsche Allgemeine Zeitung.

BYD surpasses Tesla in revenue first time for Q3

Chinese manufacturer of cars powered by new energy sources BYD Co. increased net profit and revenue in the 3rd quarter to record levels.