Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Singapore Airlines Expands Ultra-Long-Haul Network with 11 Strategic A350 Routes
Singapore Airlines is scaling its ultra-long-haul operations in 2026, deploying Airbus A350 jets across 11 routes with flight times exceeding 14 hours.
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KOSPI Plunges 8% as Tech Sell-Off Triggers Market Circuit Breaker
South Korea’s KOSPI index suffered an 8% drop on Tuesday, triggering a market-wide circuit breaker as investors offloaded tech heavyweights despite record profits.
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Australia Faces Longest Stretch of Weak Growth Since 1990s Recession
Deloitte Access Economics has downgraded Australia’s growth forecast, predicting the longest period of sub-two per cent growth since the early 1990s.
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Ontario and Alberta Unveil Proposed Route for 3,300-Km ‘Northern Shield’ Energy Corridor
Ontario and Alberta premiers have proposed a 3,300-km pipeline route from Hardisty to Sarnia to boost national energy security and domestic crude distribution.
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Microsoft to Lay Off 4,800 Employees in Major Restructuring of Xbox Division
Microsoft is cutting 4,800 jobs, or 2.1% of its workforce, as it pivots its Xbox division strategy and balances massive AI infrastructure investments.
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Tesla Shares Rise as Robotaxi Service Expands to Miami
Tesla shares climbed following the expansion of its Robotaxi service to Miami and a positive research report on FSD technology growth.
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Pringles Enters Grill Category with Limited-Edition ‘Pop Dog Buns’ Launch
Pringles has launched potato-based, flavored hot dog buns, marking a strategic shift from the snack aisle to the grill category ahead of National Hot Dog Day.
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Argentina Authorizes Avianca to Operate New Bogota and Cali Routes
The Argentine government has granted Avianca authorization to launch new international routes connecting Buenos Aires with Cali and Cartagena de Indias.
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President Trump marks official launch of ‘Trump Accounts’ for children
President Trump is marking the launch of ‘Trump Accounts,’ a new federal investment program providing $1,000 in seed money for millions of eligible children.
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Microsoft Initiates Largest Xbox Layoffs in Years, Closes Five Studios
Microsoft has begun mass layoffs and studio closures under a new ‘Xbox Reset’ strategy, citing a 3% profit margin and failing subscription model economics.
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Michael Saylor Outlines Bitcoin’s Future as Global Digital Capital
Michael Saylor argues that Bitcoin’s next decade will be defined by its role as institutional digital capital rather than just a retail store of value.
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Zoned Properties Closes $1.0M Sale of Two Arizona Sites
Zoned Properties (OTCQB: ZDPY) has finalized the $1 million sale of two commercial properties in Arizona, with a third transaction pending for later this year.
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Hyperliquid (HYPE) Eyes $77 Target Following Symmetrical Triangle Breakout
Hyperliquid (HYPE) has broken out of a symmetrical triangle, with analysts eyeing a $77 target as the token maintains momentum near $71.
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Pax Silica Initiative Sparks Debate Over Philippine Economic Sovereignty
The U.S.-led Pax Silica initiative sparks backlash in the Philippines, as critics fear the Luzon industrial hub threatens land rights and national sovereignty.
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Warren Buffett Warns of ‘Gambling Mood’ in 2026 Market
Warren Buffett has warned that market participants are in a ‘gambling mood,’ cautioning investors against speculative stock picking and complex derivative ETFs.