Nestle to raise prices for its products

Nestle CEO Mark Schneider said that basic food products will also become more expensive this year.

Deripaska's assets worth over $273.5 million seized in Ukraine

The Supreme Anti-Corruption Court of Ukraine has satisfied the claim of the Ministry of Justice of the country on the transfer to state ownership of the assets of Russian businessman Oleg Deripaska totaling more than $273.5 million.

KPMG to cut nearly 700 jobs in the U.S.

KPMG, one of the largest international audit companies, intends to lay off about 700 employees in the U.S. amid a sharp decline in demand for consulting services because of economic problems in the country.

Twitter has allowed to advertise marijuana

The administration of the social network Twitter, owned by Elon Musk, has made changes to its policy that allow American companies to advertise narcotic substances, namely cannabis (marijuana)

Subsidies paid to pandemic-affected entrepreneurs

Elon Musk intends to buy a football team

American billionaire Elon Musk has now also decided to buy a football team.

Goldman Sachs CEO admits – We were late with reduction of employees

The famous CEO of Goldman Sachs, David Solomon, admitted that the process of reducing employees should have started last year.

Entrepreneur who rents offices to governmental agencies has earned over AZN 2 million

An entrepreneur who has received the largest income from renting office space to state organizations has become known in Azerbaijan.

Yahoo to cut more than 20% of employees

Yahoo (U.S.) is planning to cut more than 20% of employees as part of reorganization of its advertising division.

Another 5 SMEs have received startup certificates

Another five SMEs have received startup certificates from the Agency for the Development of Small & Medium-sized Businesses (KOBIA).

Volkswagen's net profit for 2022 published

Volkswagen's net profit amounted to 22.5 bn euro in 2022.

Tax benefits can be applied to women entrepreneurs - Proposal

Dell to cut more than 6,000 employees

American company Dell, one of the largest computer manufacturers in the world, will lay off 6,650 people because of a sharp drop in demand for personal computers

Two companies change their organizational and legal form in Azerbaijan

Two companies have changed their organizational and legal form in Azerbaijan.

Entrepreneur's three companies liquidated

Three companies belonging to the same person are being liquidated in Baku.

Audience of Apple's paid services reaches 935 million people

Apple announced that the audience of paid services has reached 935 million people.

Making of money on tweets to become possible

Making of money on tweets will be possible on Twitter.

Abramovich to transfer £2.3 bn to Ukraine from sale of Chelsea FC

In the near future, Roman Abramovich will transfer to Ukraine the historic sum of £2.3 bn, which was obtained from the sale of the Chelsea football club.

Azerbaijani businessmen invited for the forum in Uzbekistan

Different way of determining whether companies are monopolists or not to be applied

After updating the competition legislation in Azerbaijan, the position of companies in the market, the determination of whether companies are monopolists, will be evaluated in a different order

Philips to lay off 6,000 employees

Dutch company Philips on Monday announced the reduction of 6,000 employees amid losses due to the recall of a large batch of faulty ventilators.