Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Starbucks to Close 250 North American Stores in Latest Turnaround Phase
Starbucks is closing 250 North American locations this week as part of its ‘Back to Starbucks’ strategy to improve profitability and operational performance.
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David Rubenstein Reflects on Missed Tech Bets and the Economics of Sports Ownership
Billionaire David Rubenstein discusses his Baltimore Orioles acquisition, missed early-stage bets on Amazon and Facebook, and his cautious outlook on the AI boom.
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Canada and Vietnam Elevate Ties to Strategic Partnership with Expanded Air Transport Pact
Canada and Vietnam have elevated their bilateral relationship to a Strategic Partnership, highlighted by a new air transport agreement to boost trade and connectivity.
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Markets Waver as Hormuz Deal Hopes Clash With Rising Bond Yields
US stocks pared early losses Thursday as potential progress on the Strait of Hormuz offset investor anxiety over rising Treasury yields and inflation.
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Withdrawals Paused as Crypto Exchange Bitget Investigates $351.6 Million Asset Breach
Bitget has suspended withdrawals and activated its $464 million protection fund after hackers drained $351.6 million from its hot wallets.
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San Diego Padres Sold to Kwanza Jones and José Feliciano in $3.9 Billion Deal
Princeton alumni Kwanza Jones and José Feliciano have finalized a record-breaking $3.9 billion purchase of the MLB’s San Diego Padres franchise.
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Biman Bangladesh Expands Fleet with 11 New Boeing Aircraft
Biman Bangladesh Airlines has ordered 11 additional Boeing jets, including 787-10 Dreamliners, as part of its ongoing fleet expansion and renewal strategy.
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Tokenized Capital Markets Poised for Core Integration by 2030s
Financial institutions are rapidly shifting toward tokenized deposit networks, signaling a transition to programmable, real-time capital markets by the 2030s.
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Ondo Finance Launches BlackRock-Powered Onchain Investment Portfolios
Ondo Finance has launched onchain portfolios powered by BlackRock strategies, offering global investors automated access to diversified asset baskets.
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Litecoin Rally Gains Momentum Amid Surge in On-Chain Network Activity
Litecoin has surged past $74 as on-chain transaction volumes exceed $1 billion, testing critical resistance levels amid a broader market recovery.
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Australia’s Unemployment Hits 4.6% as RBA Weighs Further Rate Hikes
Australia’s unemployment rate reached 4.6% in August, yet the Reserve Bank is expected to hike rates again next week to combat persistent inflation.
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Kraft Heinz Canada Launches Mac and Cheese-Flavored Soda
Kraft Heinz Canada has partnered with Solly’s Craft Soda to launch a limited-edition mac and cheese-flavored cream soda, exclusive to the Canadian market.
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New CBO Projection Signals Deeper Social Security Cuts by 2032
A new CBO forecast warns that the Social Security trust fund will be depleted by mid-2032, necessitating benefit cuts of up to 26 percent.
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Melania Trump Launches ‘IMPERIA’ Summit at NYSE, Citing Women as Economic Foundation
First Lady Melania Trump rang the opening bell at the NYSE to launch IMPERIA, a summit for female executives, describing women as a vital, untapped economic force.
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Palantir Stock Climbs Following Federal Aviation Administration AI Integration
Palantir Technologies shares rose 3.58% on September 23, 2026, driven by new government contracts and analyst optimism regarding FAA AI data modernization.