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Business Week Summary – World News

Huawei Celebrates 10 Million HUAWEI P20 Pro & HUAWEI P20 Units Sold Globally

Huawei Consumer Business Group (BG) announced that it has sold 10 million units of HUAWEI P20 Pro and HUAWEI P20 in the first five months, empowering photography enthusiasts globally to take stunning photos with their smartphones.

Small and medium business houses to be created in Azerbaijan

“Small and medium business houses will be created in Azerbaijan,” said Chairman of the Board of the Agency for Small and Medium Entrepreneurship Development Orkhan Mammadov at the 7th Caspian Energy Forum Baku-2018.

Mexico intends to increase trade with Azerbaijan this year

Trade turnover between Azerbaijan and Mexico may reach $25 million in 2018, Mexican Ambassador to Azerbaijan Juan Rodrigo Labardini Flores said at an event dedicated to the Independence Day of Mexico.

California businesses investing in Armenian IT sector

With the support of Business Armenia, regional high-tech development manager at Enterprise Incubator Foundation and the executive director of Gyumri Information Technologies Center, Amalya Yeghoyan, paid a business visit to California, U.S., where a conference on foreign direct investment in the IT sector of Armenia was held for 50 businessmen.

Turkey unveils plan to stave off economic crisis

Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.

Ukraine’s Ports Show Struggles to Join Global Economy

Gleaming silos, towering container cranes and hulking cargo ships docked at quaysides in Europe’s biggest corn and sunflower producer should be a symbol of an agricultural exporting powerhouse.

Amazon is launching a new shopping service that steals a page out of Instagram’s playbook

Called Amazon Scout, the idea is a hybrid of all visual shopping and discovery. Customers will be given a number of options for products in a few categories, which they can then ‘like’ or ‘dislike’ by clicking the thumbs up or down buttons.

Ford opens new regional business centre in Budapest

Automotive manufacturer Ford has opened a new regional European business service centre in Budapest. By the end of the year it will employ 700 people, becoming the biggest service centre of its kind in Europe.

IFC commits more support to emerging Europe

The International Finance Corporation (IFC), a member of the World Bank Group, expanded its operations in Europe and Central Asia during its last fiscal year (which ended June 30), with investment commitments that reached 2.9 billion US dollars, driving the diversification of the region’s economies, promoting access to finance for small businesses and tackling climate change.