PDD Holdings reveals Temu's staggering profits amid missed expectations

Chinese e-commerce platform Temu has taken the world by storm, captivating consumers with its affordable products and rapid global expansion.

Minister: Uzbek company to launch textile production in Khankandi

Minister: Azerbaijan and Uzbekistan have opportunities to expand joint activities in third countries

The economies of Azerbaijan and Uzbekistan are developing dynamically, Minister of Economy of Azerbaijan Mikayil Jabbarov said at the Uzbek-Azerbaijani Business Forum in Tashkent

Tashkent hosting Uzbek-Azerbaijani business forum

The Uzbek-Azerbaijani business forum began in Tashkent today.

A business forum to be held between Azerbaijan and the Gulf Cooperation Council

The 3rd business forum between Azerbaijan and the Gulf Cooperation Council will be held in Baku this September.

Intel's net loss for Q2 was $1.6 billion

Apple reports for the 3rd fiscal quarter

Apple's sales for the 3rd quarter of the fiscal year increased by 5%, exceeding expectations on the back of rising revenue from services, as well as from the sale of iPads and iPhones.

Bloomberg: Intel to lay off thousands of employees to cut costs

American Intel plans to cut thousands of employees in order to reduce costs and finance a recovery program after declining profits and loss of market share, ABC.AZ reports, referring to Bloomberg.

Samsung Electronics' operating profit grew 15-fold in 2nd quarter

The operating profit of South Korean corporation Samsung Electronics in the 2nd quarter of 2024 increased 15-fold compared with Q2 of 2023.

Almost 103 million manats of preferential loans given to entrepreneurs in Azerbaijan for Jan-Jun

In the 1st half of 2024, 6.5% of concessional loans provided by the Entrepreneurship Development Fund under the Ministry of Economy were for women entrepreneurs.

Head of Azərsun Holding’s company replaced

The head of Azərbaycan Şəkər LLC, a subsidiary of Azərsun Holding LLC, has been replaced.

Activity in private sector to increase

We intend to increase activity in the private sector by strengthening joint activity with business representatives of Azerbaijan.

This company’s authorized capital has grown by 40%

Subsidiary of Agrotrade Supply LLC (ATS) ATS Food LLC has increased its authorized capital.

Azər Şans sharply reduces its authorized capital

The authorized capital of Azər Şans (Azer Shans) is sharply reduced.

Seven largest IT giants lost $770 billion in capitalization during the day

The U.S. stock market closed on Wednesday, July 24, with a big drop. The S&P 500 and Nasdaq indexes declined 3.6% and 2.3%, respectively.

Rate of Azerbaijani companies established in Türkiye has decreased

Over Jan-Jun 2024, 111 companies with Azerbaijani capital were registered in Türkiye (19 companies less versus Jan-Jun 2023), ABC.AZ reportsç referring to the Turkish Chamber of Commerce & Industry.

NB Seramik plant to export products to Kazakhstan and Uzbekistan

NB Seramik plant, Azerbaijan's first artificial marble and granite production facility, will increase its production capacity 4-fold next year.

Azerbaijan to export more than 1,000 tons of meat to Vietnam annually

Azerbaijan will export more than 1,000 tons of meat to Vietnam annually.

Authorized capital of company belonging to ASG Group reduced

The authorized capital of ASG Business Aviation LLC, part of ASG Group, has been reduced.

Qarabağ Aqro 44 has become a new resident of Aghdam Industrial Park

Qarabağ Aqro 44 LLC has become a new resident of the Aghdam Industrial Park, which is under the jurisdiction of the Economic Zones Development Agency

Detergent to be produced in Baku

Novator HRC will start production of chemical detergents and disinfectants in Azerbaijan.