Twitter changes its logo

Today, social network Twitter has changed its logo to a white letter X with a black outline, removing the image of a blue bird.

Company increases its authorized capital more than 5-fold

AS-ANA GROUP, LLC (TIN: 3102947481) has increased its authorized capital.

IBM reduced revenue in 2nd quarter

Over the 2nd quarter of 2023, International Business Machines (IBM) slightly reduced revenue, which led to a moderate decline in company's stock prices.

TƏBIB LTD under liquidation

TƏBIB LTD will hold an extraordinary general meeting of the founders at 12:00 on July 25, 2023.

Tesla's income grew almost 1.5-fold for Q2

American electric car manufacturer Tesla Inc. increased its net profit by 20% in the 2nd quarter of 2023, revenue almost by one and a half times, and adjusted profit and revenue were better than market forecasts.

1,493 companies applied to invest in Karabakh up to date

To date, the Small and Medium Business Development Agency has received applications from 1,493 companies to invest in the liberated territories of Azerbaijan.

21 business licenses given in Nakhchivan in 1st half of 2023

The Ministry of Economy of Nakhchivan Autonomous Republic gave 21 business licenses in the 1st half of this year.

List of banks by volume of preferential loans to entrepreneurs

Over Jan-Jun 2023, Bank Respublika OJSC topped the rating of agent banks of the Entrepreneurship Development Fund in terms of the volume of concessional loans given to businesses.

Advertising revenue on Twitter fell by 50%

Twitter's cash flow remains negative because of an almost 50% drop in advertising revenue and a large debt load, which does not meet Elon Musk's expectations.

Azerbaijan records a rise on microloan recipient female entrepreneurs

The percentage of women entrepreneurs receiving micro-loans in Azerbaijan is currently 32% against 4% in 1996.

Company’s authorized capital increased in Azerbaijan

The authorized capital of G Capital LLC, registered at the same address as Gilan Holding LLC, in Capital Towers has been slightly increased.

Recently-established 2 companies liquidated in Nakhchivan

Naxpropert-4 LLC and Naxproperty-S1 LLC announced about their liquidation.

OceanGate suspends its activity

OceanGate Expeditions has stated that it was suspending its operations after its Titan bathyscaphe sank in the waters of the Atlantic Ocean in June

EU Commission investigates Amazon's takeover of iRobot

The deal between Amazon and iRobot for $1.7 bn has come to the attention of the EU antitrust legislation.

Twitter's competitors grow after restriction

Twitter's competitors began to grow after new restrictions imposed by Elon Musk.

A joint Thai-Azerbaijani company under creation - an enterprise to be built

A joint venture between Azerbaijan and Thailand will be established in the Pirallakh Industrial Park.

Meta launches an analogue of Twitter

On July 6, Meta Corporation will launch an analogue of social network Twitter - application Threads.

Riots in France caused damage for over €1 bn

Losses from the riots in France are estimated at more than €1 bn, “excluding losses in tourism".

Apple's capitalization exceeds $3 trillion

Apple's capitalization has exceeded $3 trillion for the second time in history.

111 companies with Azerbaijani capital registered in Türkiye in May

111 companies with Azerbaijani capital were registered in Türkiye for May 2023.

Ford prepares next layoffs of employees

Ford Motor (U.S.) is preparing to begin another round of layoffs in the coming weeks.