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July 27, 2024

Fitch upgrades Azerbaijan’s rating to BBB- with stable outlook

ISTANBUL: Fitch Ratings said Friday it upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook.

The rating agency said the upgrade reflects the country’s robust external balance sheet, continued c…

Trio sentenced for $88 million phone license piracy scheme in US

ISTANBUL: Three defendants in the US were sentenced for a $88 million business telephone system software license piracy scheme, the Justice Department said Friday.

The sentencing was part of the Avaya Holdings Corporation, a business communications c…