-
Import Quotas Set for Agricultural Products
On November 7, the government set tariff quotas on certain agricultural imports into Armenia. This decision aims to protect the domestic market, ensuring the competitiveness of local producers. The Eurasian Economic Commission regulates the use of tariff quotas to balance…
-
Meta Extends Political Ad Ban Past Election Day
Meta announced an extension on its political ad ban beyond Election Day to curb the spread of misinformation as votes continue to be counted. According to a Meta spokesperson, the measure is part of Meta’s commitment to protecting election integrity…
-
Google Cloud to Make Multi-Factor Authentication Mandatory in 2025
Google has announced that starting in 2025, all Google Cloud users will be required to use multi-factor authentication (MFA). This month, Google began embedding notifications and reminders within the Google Cloud console to help users transition smoothly. This policy follows…
-
SpaceX Launches World’s First Wooden Satellite
SpaceX has launched the world’s first wooden satellite, LignoSat, created in Japan by Kyoto University. The satellite, aimed at exploring renewable materials’ potential in space, will reach the International Space Station, 400 kilometers above Earth. Kyoto University representative Takao Doi…
-
Armenia Signs New Memorandum for Copper Smelter Project
Armenian Minister of Economy announced the signing of a new memorandum with another potential investor to build a copper smelter in Armenia. The minister noted that a previous agreement was signed with the Zangezur Copper Molybdenum Combine, which has lagged…
-
U.S. Dollar Exchange Rate Increases in Armenia’s Financial Market
On November 5, the exchange rate of the U.S. dollar in Armenia rose to 387.24 AMD, a 0.15 AMD increase from the previous day, according to the Central Bank of Armenia. Meanwhile, the euro slightly dropped to 421.90 AMD, and…
-
Perplexity CEO Offers to Replace Striking NYT Staff with AI
In a controversial move that has sparked debate about AI’s role in labor disputes, Perplexity AI search company CEO Aravind Srinivas has offered to provide services during a strike by New York Times technical workers, effectively proposing to cross a…
-
Amazon Brings Generative AI-Powered X-Ray Recaps to Prime Video
Prime Video’s new X-Ray Recaps feature lets viewers receive quick summaries of TV shows without spoilers. Announced by Amazon on Monday, this generative AI-powered tool provides recaps for entire seasons, individual episodes, and even parts of episodes. Currently in beta,…
-
Armenia’s Electricity Exports to Iran Exceed Average Levels
The volume of electricity exported from Armenia to Iran in 2024 has already surpassed average annual levels. According to Armenia’s Minister of Territorial Administration and Infrastructure, Gnel Sanosyan, exports reached over 370 million kWh within the first ten months of…
-
Armenia Becomes the Second Largest Market for Georgian Electricity Exports
In the first nine months of 2024, Armenia imported 1 billion kWh of electricity from Georgia, marking a 28.8% decrease from the previous year. Export revenue fell by 48.8%, totaling $49 million. The average export price also decreased by 28.1%…
-
Global Oil Prices See Significant Gains After OPEC+ Postpones Production Increase
Oil prices jumped sharply on Monday after OPEC+ announced its decision to delay December’s planned production increase by one month. The market remains tense as it anticipates both the U.S. presidential election and a key meeting in China this week.…
-
Nobel Prize Laureate Kailash Satyarthi to Visit Armenia
Nobel Peace Prize laureate Kailash Satyarthi will visit Armenia on November 5 to participate in the international conference “Path to Social Justice: Decent Work.” The conference is organized by the RA Ministry of Labor and Social Affairs. Satyarthi is globally…
-
Ttujur-Berd Road Renovation Underway
The H-38 national highway connecting Ttujur in Gegharkunik to the Berd region in Tavush Province is undergoing extensive renovations, financed by Armenia’s state budget.
-
Yerevan-Batumi direct flights starting from December 26
From December 26 to January 12, “Armenian Airlines” will operate special New Year’s direct flights to Batumi, according to a report from Armenian Airlines to Azat TV. Starting on December 26, Armenian Airlines will run direct New Year’s flights to…
-
Microsoft and Meta’s AI Spending Signals Drag Down Nvidia and Other AI Stocks
The recent AI stock downturn has highlighted the challenges tech giants like Microsoft and Meta face as they confront escalating AI infrastructure costs and data center limitations. Despite posting impressive quarterly profits, both Microsoft and Meta saw their stocks decline…
