Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Australia’s housing market faces potential 10% correction amid policy shifts
Australia’s property market is cooling following tax reforms, with analysts warning of a potential 5-10% price correction as affordability remains a critical issue.
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Australian Treasurer Jim Chalmers Faces Backlash Over R&D Tax Policy and Administrative Failures
Australian Treasurer Jim Chalmers is under fire from the biotech sector over R&D tax changes and a high-profile administrative error involving a midwife’s refund.
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PIA Resumes Direct Lahore-Manchester Flights, Expanding International Network
Pakistan International Airlines has officially resumed direct flights between Lahore and Manchester, marking a key milestone in restoring its international network.
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Nasdaq Drops 1.4% as Weak Jobs Data and Chip Sector Sell-Off Weigh on Sentiment
The Nasdaq Composite fell 1.4% on July 2 as a disappointing jobs report and a global semiconductor sell-off complicated the interest rate outlook.
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Bitcoin Rallies to $61,600 as Geopolitical Tensions Ease and Oil Prices Drop
Bitcoin climbed over 5% to $61,649 as the reopening of the Strait of Hormuz lowered energy costs and revived investor appetite for risk assets.
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Scotiabank Announces Key Leadership Appointments for Caribbean South and East
Scotiabank has appointed Ambica Bissessar and Ingram Bain to senior leadership roles in its Caribbean South and East operations effective April 1, 2026.
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Canada Launches New Grocery Benefit With 25 Per Cent Payment Increase
The federal government has replaced the GST/HST credit with the new Canada Groceries and Essentials Benefit, offering a 25 per cent payment increase through 2031.
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Apple Shares Rise on Aggressive Product Roadmap and Foldable iPhone Plans
Apple stock climbed 4.1% on July 2, 2026, following reports of a new product roadmap and increased production targets for a foldable ‘iPhone Ultra.’
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Nebius and CoreWeave Face Volatility as Hyperscaler Competition Looms
AI cloud providers Nebius and CoreWeave face market volatility as Meta’s cloud ambitions threaten their role as primary infrastructure suppliers.
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Robinhood Launches Global Expansion with Blockchain Mainnet and Agentic Trading
Robinhood announced a major global expansion, launching its public blockchain mainnet and new AI-driven trading tools to bridge traditional finance and DeFi.
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Trump Dedicates Theodore Roosevelt Library Amidst Broader Policy Shifts
President Trump inaugurated the Theodore Roosevelt Presidential Library in North Dakota, using the event to draw parallels between his tenure and the 26th president.
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Robinhood Launches Layer-2 Blockchain to Bridge Traditional and Decentralized Finance
Robinhood has launched its public mainnet, Robinhood Chain, integrating tokenized equities and DeFi services to expand its global financial infrastructure.
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IREN and Neocloud Stocks Face Volatility as Meta Compute Strategy Shifts Market Dynamics
IREN and Nebius shares fell as Meta Platforms’ expansion into cloud compute signals potential structural competition for independent AI infrastructure providers.
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Bitcoin Market Nears Potential Bottom as Analysts Debate Cycle End
Financial analysts suggest Bitcoin is in the late stages of a bear cycle, while market volatility forces structural changes in crypto-linked corporate stocks.
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BlackRock to Report Q2 2026 Earnings Amid Strategic Pivot to Digital Assets
BlackRock will report its Q2 2026 earnings on July 15, as the firm integrates Ethena’s USDe into its Aladdin platform to bolster its digital asset infrastructure.