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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…

Warner Bros. Discovery suing NBA amid media rights deals

ISTANBUL: Warner Bros. Discovery (WBD) said Friday it is suing the National Basketball Association (NBA) amid its new media rights deals with other companies.

“Given the NBA’s unjustified rejection of our matching of a third-party offer, we have take…